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AI infrastructure startup Nscale has disclosed that it has completed nearly $4 billion in financing, with its latest $2 billion Series C round bringing its valuation to $14.6 billion. Nscale, which originated as the cryptocurrency mining company Arkon Energy, is now focused on building and operating AI data centers and leasing computational resources to enterprises. Its investors include tech giants such as Nvidia, Dell, and Nokia. Since 2026, Nscale has also secured $1.4 billion in GPU-backed loans and $790 million in financing to support its AI infrastructure expansion plans. Nscale participated in OpenAI's 'Stargate' infrastructure project, deploying AI computing facilities in the UK and Norway, but as OpenAI adjusted its plans, some projects have been taken over by Microsoft and Google.
Market data shows that BTC has fallen below $67,000, currently priced at $66,988, with a 24-hour decline of 2.95%. The market is experiencing significant volatility, so please ensure proper risk management.
On June 3, a report indicated that the International Atomic Energy Agency (IAEA) highlighted nuclear proliferation risks, stating that Iran's nuclear risk is considered higher than the levels before Trump's attack.
On June 3, U.S. Treasury yields rose slightly following the release of ADP employment data, with the 10-year Treasury yield increasing by 2.8 basis points to 4.483%.
On June 3, according to market news, US Rare Earth (USAR.US) has finalized an agreement with the US Department of Commerce, securing up to $277 million in federal funding. The approved maximum guaranteed loan amount is $1.3 billion.
On June 3, according to CME's "FedWatch", the probability of the Federal Reserve maintaining interest rates unchanged in June is 98.3% (down from 98.4% before the data release), while the probability of a cumulative rate cut of 25 basis points is 1.7%. The probability of the Fed holding rates steady until July is 88%, with a cumulative rate hike of 25 basis points at 10.5%, and a cumulative rate cut of 25 basis points at 1.5%.
On June 3, it was reported that the ADP employment numbers in the United States increased by 122,000 in May, marking the largest increase since January of last year.
On June 3, market reports indicated that SpaceX's IPO could significantly increase the wealth of the already financially robust Trump administration. According to the latest publicly disclosed financial documents from officials, ten U.S. officials, including Special Envoy Witkoff and Small Business Administration Administrator Loeffler, have declared financial interests in SpaceX or xAI, both owned by Elon Musk. Based on last year's disclosure information, the total value of SpaceX or xAI stocks held by federal employees is at least $9.9 million, with a potential maximum of $43.8 million. Subsequently, these officials can sell all or part of their holdings without triggering additional disclosure requirements.
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