📢 Gate Square Daily | July 2 – Market & Industry Update

A quick overview of today’s key developments across AI, crypto, macroeconomics, and funding activity.
1️⃣ AI Industry Expansion
Meta Platforms is reportedly preparing to expand into the cloud computing market, aiming to offer AI computing power and model access to external clients.
This move would put Meta in more direct competition with major cloud providers such as:
Amazon Web Services (AWS)
Microsoft Azure
Google Cloud
If confirmed, it signals a deeper push toward AI infrastructure monetization across big tech.
2️⃣ Crypto Market Update
₿ Bitcoin: $60,009 (+3.2% in 24h)
Ξ Ethereum: $1,609 (+3.4% in 24h)
Both major assets are showing short-term strength, with ETH slightly outperforming BTC in percentage gains.
3️⃣ Macro Outlook
Key upcoming events:
🇺🇸 U.S. June Nonfarm Payrolls data will be released tonight, a critical indicator for labor market strength and Fed policy expectations.
U.S. stock markets will be closed tomorrow due to the Independence Day holiday.
Expect lower liquidity and potentially higher volatility around the data release.
4️⃣ AI Funding Activity
Venice AI has raised $65 million in Series A funding, led by Dragonfly Capital.
The funding highlights continued strong investor interest in next-generation AI infrastructure and model platforms.
5️⃣ Industry Commentary
Investor Tom Lee noted that the Ethereum Foundation is actively engaging with policymakers and regulators, particularly around concerns involving financial infrastructure and compliance frameworks.
This reflects ongoing efforts to strengthen Ethereum’s position in institutional and regulatory discussions.
📊 Overall, markets are balancing between AI-driven optimism and macroeconomic uncertainty, with crypto showing moderate bullish momentum ahead of key U.S. data releases.