News

Glonghui, January 26｜USA Rare Earth announced today that it has signed a non-binding letter of intent with the U.S. Department of Commerce and established a cooperative relationship with the U.S. Department of Energy. Through the CHIPS Act, the Department of Commerce plans to provide a total of approximately $1.6 billion in intended support, including proposed federal funding of $277 million and a proposed $1.3 billion in priority guaranteed loans under the CHIPS Act. At the same time, the company completed financing through a $1.5 billion common stock private placement program led by Inflection Point, with participation from major mutual fund companies. The letter of intent reached with the U.S. government highlights USA Rare Earth's strategic value as a full industry chain platform from mine to magnet, and its important role in bridging the supply gap of rare earth elements and critical minerals for national security foundational industries such as semiconductors, critical technologies, and advanced manufacturing in the United States. The letter of intent is still subject to further review, final agreement, customary closing conditions, and related approval procedures.

PANews reported on January 26 that, according to monitoring by Lookonchain, the well-known on-chain whale address BitcoinOG (1011short) has once again made a large purchase of Ethereum, buying 22,000 ETH, worth approximately $63.56 million.

According to Odaily, Arkham monitoring shows that a certain whale has just deposited 7,006,000 FARTCO tokens into an exchange. These tokens were accumulated five days ago, and if sold now, the whale would incur a loss of approximately $135,000.