The release of US non-farm payroll data on Friday will be the biggest test for Citigroup and JPMorgan, who have boldly bet on a 50 basis point rate cut in September. For more than a year, foreign exchange traders have never been as excited as they are now before the release of the US employment report. Options used to measure the trend of the US dollar against major trading partners' exchange rates hit the highest level since March 2023 on the eve of the key non-farm payroll data release. Risk reversal data shows a pervasive bearish sentiment for the US dollar. Since the weaker-than-expected July non-farm payroll data was released on August 2, Citigroup and JPMorgan have predicted that the Fed will cut interest rates by 50 basis points in both September and November, and by 25 basis points in December. Interest rate swap contracts show that the probability of the Fed cutting interest rates by 50 basis points at the September 17-18 meeting is about 35%, but traders and economists believe that a 25 basis point cut is still the most likely.

According to local media reports, five individuals in South Korea who were involved in cryptocurrency fraud have been sentenced to prison for deceiving a private investor of $7.5 million. They made false promises to exchange cash at prices lower than the market rate.

Lookonchain monitoring shows that a certain whale deposited 380 BTC (21.34 million US dollars) into Binance again 4 hours ago. In the past 7 days, the whale has deposited a total of 4,544 BTC (265 million US dollars) into Binance.

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.

A certain whale has accumulated 1,145 BTC (worth $65.07 million) in 4 days, as monitored by on-chain analyst Yu Jin. Over the past 4 days, the whale has continued to withdraw BTC from Binance and has accumulated 1,145 BTC through 7 transactions, with an average withdrawal price of $56,830.

Telegram has changed its policy on "illegal" content in private chats, allowing users to flag such content for review by moderators. This marks a significant shift from the app's previous stance of treating private groups as off-limits. The change comes after CEO Pavel Durov's arrest in France for allegedly failing to police law-breaking content on the platform. The move could potentially impact Telegram's reputation as a facilitator for illegal activity.

Uniswap Labs CEO Hayden Adams posted on X platform that scammers are using compromised UN accounts or other accounts with grey checkmarks to send direct messages to cryptocurrency users. These messages often contain enticing proposals or requests aimed at tricking users into clicking on malicious links or providing personal information. This is a scam, do not reply or interact with these messages, simply ignore them. If you have any doubts, please verify the authenticity of your account through official channels.

According to The Data Nerd, 8 hours ago, a new whale withdrew 242.21 BTC (approximately $13.65 million) from Binance. Within 4 days, they withdrew a total of 1,145 BTC (approximately $65.07 million) with an average entry fee of $56,830.

A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.

Monad officials posted on the X platform stating that their official Discord link is currently redirecting to a fraudulent server, which is said to affect users who have joined or are attempting to join in the past few hours. Monad reminds users not to click on any links to join the Monad Discord server, and officials are working to resolve the issue. Users should be wary of any fraudulent or phishing attempts.

According to Deribit data, nominal value of $796 million BTC options will expire and be settled tomorrow, with a PutCallRatio of 0.9 and a maximum pain point of $59,000. Nominal value of $297 million ETH options will expire and be settled tomorrow, with a PutCallRatio of 0.63 and a maximum pain point of $2,550.

Tiger Securities (Hong Kong) announced that it will open trading of Avalanche (AVAX) and Chainlink (LINK) to retail investors, as well as open trading of Aptos (APT) and Toncoin (TON) to professional investors, effective immediately. Tiger Securities stated that after fully opening virtual asset trading to retail investors on July 1, the number of traders and orders has continued to surge in the following two months. Data from its investment flagship platform, Tiger Trade, shows that in August, the number of cryptocurrency trading orders and traders in Hong Kong both grew by more than twice on a monthly basis. Currently, Tiger Securities supports four currencies for retail investors to trade. The number of currencies available for professional investors to trade on Tiger Trade has increased to 20. It is expected that more new currency trading permissions will be opened to professional investors in early September.

India has become the largest content creator supplier for the Metaverse platform The Sandbox, with the number of users doubling to 350,000. Sebastien Borget, co-founder of The Sandbox, said, "India is the top-ranked country...thanks to various training camps and education programs we have carried out locally, whether working directly with BharatBox or collaborating with some of our partners." Currently, India has 66,000 game creators developing games for immersive environments, while the United States has 59,989 and Brazil has 25,335.

The non-custodial liquidity collateral agreement ether.fi has reached a cooperation with the intent execution network dappOS. The intent assets of dappOS will use eETH issued by ether.fi as one of the underlying sources of income, while maintaining the flexibility of using native assets. Under the premise of decentralized non-custodial, intent assets of dappOS allow users to use them directly on the chain like native assets while earning profits. For example, intentETH can be used directly in DEX to add liquidity to ETH/USDT or directly deposited as ETH to CEX for trading, and can also generate real-time annualized interest rates of 6-12%.

Members of the Near team stated that the renaming of Near's Twitter account to "Scam" was a marketing tactic to promote a hackathon.

On September 5th, according to Jinshi's report, at the recent KDDI summit, Tadao Nagasaki, CEO of OpenAI's Japanese subsidiary, revealed that the new generation model code-named "GPT-Next" is expected to be 100 times more powerful than the existing GPT-4 model, and is planned to be released later this year. The performance improvement of the GPT-Next model is attributed to its optimized architectural design and improved learning efficiency, rather than simply relying on massive computing resources.

According to a report from the Financial Times, the number of advertisers planning to withdraw from X next year has reached a record high due to concerns about association with extreme content, undermining Elon Musk's efforts to turn the company's finances around. According to a global survey of industry executives conducted by analysis group Kantar, 26% of marketers plan to cut advertising spending on X in 2025, the largest drop recorded by major advertising platforms worldwide. Since taking over X in 2022, Musk has decided to relax content moderation in the spirit of free speech, leading major brands to withdraw from X. The survey shows that trust in the platform among advertisers has significantly declined over the past year, with only 4% of marketers saying that advertising on X is "brand safe," compared to 39% for Google.

Meow, co-founder of Jupiter, proposed using the 230 million unclaimed JUP tokens from the first Jupuary to extend and fund future ASRs. If there are no major objections, we will submit a formal proposal and hold a vote next week.

The US Securities and Exchange Commission (SEC) has once again postponed its final decision on the New York Stock Exchange (NYSE) Arca's application for a carbon offset Bitcoin ETF. According to a document dated September 4th, the decision has been extended to November 21st. The ETF aims to provide a Bitcoin investment exposure in an environmentally friendly way by offsetting carbon emissions, tracking an investment portfolio composed of 80% Bitcoin and 20% carbon credit futures. Tidal Investments submitted the fund registration application in December 2023, while NYSE Arca submitted the initial application in March. Concerns have been raised about the environmental impact of Bitcoin mining, with the International Monetary Fund (IMF) reporting that cryptocurrency mining accounts for 1% of global greenhouse gas emissions. The delay in this decision also includes the postponement of approval for the Nasdaq One-Stop Cryptocurrency Investment Portfolio ETF.