According to foreign media such as TASS and Russia's Sputnik News, Jinse Finance reported that on the afternoon of September 5th local time, Russian President Putin said at the plenary session of the Eastern Economic Forum 2024 that Russia will "support" the US Democratic Party presidential candidate and vice president Harris as recommended by the US President Biden in the upcoming US presidential election. When asked how he viewed the 2024 US election, Putin said it was the choice of the American people. The new US president will be elected by the American people, and Russia will respect the choice of the American people. Putin also said that just as Biden suggested his supporters to support Harris, "we will do the same, we will support her." The report said that Putin also joked that Harris' laughter is "expressive and infectious," which shows that "she is doing everything well." He added that this may mean that she will avoid further sanctions against Russia.

The Federal Reserve's Beige Book pointed out that economic activity in three regions has slightly increased, while the number of regions reporting flat or declining economic activity has increased from five in the previous quarter to nine in this quarter. Overall employment levels remain stable, although some reports indicate that companies are only filling necessary positions, reducing working hours and shifts, or reducing overall employment levels through natural attrition. However, reports of layoffs are still rare. Generally speaking, wage growth is moderate, and the growth rate of labor input costs and sales prices ranges from slight to moderate. Consumer spending has declined in most regions, while in the previous reporting period, consumer spending remained stable overall.

Nvidia (NVDA.O) stated that it has not received a subpoena from the US Department of Justice.

Ripple CEO Brad Garlinghouse said during a fireside chat at the Korea Blockchain Week that the company will launch its new stablecoin in "weeks, not months". Garlinghouse also criticized the attitude of Gary Gensler, chairman of the US Securities and Exchange Commission, towards cryptocurrencies, calling OpenSea's experience "regrettable". The CEO of Ripple said he is more "optimistic" about the future of cryptocurrencies in the next five years than ever before.

Jasper De Maere, a researcher at Outlier Ventures, stated that the 2024 halving will be the 5th period of Bitcoin halving, and the price of BTC performed the worst within 125 days after the halving occurred. The price dropped by -8% compared to the halving day, while the average increase in the previous periods was +22%. We believe that the 2016 halving was the last time that the halving had a significant fundamental impact on the BTC price trend. Since then, the BTC block reward scale for miners has become insignificant in the increasingly mature and diverse cryptocurrency market. The strong performance of BTC and the cryptocurrency market after the 2020 halving was purely coincidental, as the halving occurred during a period of unprecedented capital injection after the COVID-19 pandemic, with the US M2 money supply alone increasing by 25.3% that year. Some people believe that the 4-year cycle driven by the halving will still hold in 2024, but the approval of the BTC ETF in January 2024 will drive demand and cause BTC to rise strongly before the halving. This view is incorrect. The approval of the BTC ETF is a demand-driven catalyst, while the halving is a supply-driven catalyst, so they are not mutually exclusive. Within 125 days after the halving, the 5th period (2024) is the worst performing period since the halving and the only period where the BTC price has dropped compared to the halving day.

Adrian Przelozny, CEO of Australian cryptocurrency exchange Independent Reserve, stated that the exchange has implemented stricter monitoring measures for cryptocurrency transactions of elderly clients, especially those aged 80 and above. When the exchange detects elderly clients withdrawing cryptocurrency, they will make a phone call to confirm these transactions to prevent fraud.

Messari released the LayerZero Q2 2024 status report, which added support for 12 new networks, facilitated the transfer of $5 billion in encrypted assets, and increased the average value of each transfer by 78% to over $400. The transfer volume on the Ethereum network increased by 26% compared to the previous month, reaching $913 million, mainly due to the Dencun upgrade reducing gas fees and the introduction of full-chain heavy staking. On June 20th, LayerZero airdropped ZRO tokens to 1.28 million eligible wallets, using anti-witch attack measures and a "donation proof" mechanism. In the second quarter, LayerZero supported over 50,000 contract deployments for full-chain applications (OApps), covering multiple fields such as games, DeFi, and AI. LayerZero currently supports secure communication for over 80 networks, providing interoperability solutions for full-chain applications.

Sun Yuchen stated in a post on X platform, "There is currently no intention to sell SUN by SUN DAO or myself. The address circulating online has no relation to the official one." Earlier, according to on-chain analyst @ai_9684xtpa, since the first batch of SUN was sold by Sun Yuchen/Tron Foundation-associated address, the price has dropped by 31.4%.

The US SEC has announced an emergency asset freeze against brothers Jonathan Adam and Tanner Adam and their company, accusing them of committing a $60 million Ponzi scheme from January 2023 to June 2024, involving over 80 investors.

If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst.