📰 What you need to know this Wednesday, August 21

🇧🇷 Brazil's securities regulator approved the second Solana spot ETF. This is the product of Hashdex, in partnership with BTG Pactual, which is in the pre-operational phase, and will soon be available for commercial operations.

🤖 Microsoft Challenges the Competition with New Phi-3.5 AI Models. Microsoft surprises by launching three new Phi-3.5 artificial intelligence models, beating key competitors such as Google and OpenAI, offering advanced capabilities in open source.

🔎 Mt. Gox sent USD 700 million in Bitcoin to an unidentified wallet. In the bankrupt exchange's wallet there are only 34,000 bitcoin left to be returned to creditors.

🚀 The Tron network's cryptocurrency soared this week, driven by memecoins. TRX is up nearly 25% over the past 7 days.

⚠️ Over the past 24 hours, 37,195 traders liquidated, with total liquidations reaching $112.22 million.

The largest single liquidation order occurred on Binance - TRXUSDT worth $3.96M.

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