Recent developments around Binance in September 2024 include several significant updates:
1. **Binance's New Solana Staking Product**: Binance has announced that it will be launching a new Solana staking product called BNSOL. This allows users to stake their SOL tokens with dynamic rewards based on network performance. One key feature is maintaining liquidity, giving stakers access to their tokens while earning rewards.
2. **Major Inflow Day**: On August 5, Binance recorded one of its highest net inflow days of 2024, receiving $1.2 billion in funds following a market crash that saw major cryptocurrencies like Bitcoin and Ether drop significantly. This inflow was seen as a strong indicator of investor confidence despite the volatility.
3. **Toncoin Support**: Binance has also expanded its support for Toncoin by adding multiple new trading pairs, as well as cross-margin options. However, despite these efforts, Toncoin has continued to struggle, declining further in September.