Odaily News PublicAI, an artificial intelligence company known as "ScaleAI empowering Web3", announced the completion of an $8 million Series A financing round. Saudi Telecom Group, Blockchain Builders Fund, Tykhe Blocks Ventures, NEAR Foundation, Taisu Ventures, MH Ventures, YGG, CSP DAO, IBC Group, G20, Whitewater Labs and UXLink participated in the investment. PublicAI aims to provide everyone with a way to stay involved and profit in the artificial intelligence economy.

Odaily News Ethereum users have staked a record 35.35 million ETH in the beacon chain deposit contract, accounting for about 29% of the circulating supply of tokens, setting a new network high. Data shows that the staked ether is now worth about $89.1 billion. (The Block)

Odaily News Eigen Labs announced the launch of EigenCloud, a platform designed to extend blockchain-level trust guarantees to any Web2 or Web3 application. It is reported that the use of EigenCloud will create new fee streams to support staking rewards.

Odaily News Analysts at financial website Forexlive said that before the release of the US retail sales data for May, the market was pricing in a 49 basis point rate cut by the Federal Reserve at the end of the year, which changed slightly to 48.5 basis points after the data was released. The FOMC meeting will begin on Tuesday local time, and a decision will be made on Wednesday, which will be one of the data points they discuss at the meeting. The report was weak overall, but the control group, the best indicator of consumer conditions, was slightly better than expected, and the previous value was also revised upward. Overall, this is a series of data that is difficult to interpret at the moment, because sales rose sharply in March due to concerns about tariffs, and then fell for two consecutive months. (Jinshi)

Odaily News U.S. short-term interest rate futures pared earlier gains after the release of U.S. retail sales data; traders maintained expectations of a rate cut in September. (Jinshi)

Odaily News The monthly rate of retail sales in the United States in May was -0.9%, which was expected to be -0.7%. The previous value was revised from 0.10% to -0.1%. (Jinshi)