Ethereum, is close to wrapping up its Series B funding round with a target of $100 million, according to multiple sources close to the deal. The round would value Movement around $3 billion, according to one of the sources.
Crypto prices have soared since the election of Donald Trump in November, who has vowed to take a friendly approach toward blockchain technology during his second term as president. Movement's new round comes amid a resurgence in investor interest in the sector after a prolonged downturn in digital assets markets. The rally has seen the return of generalist funds like Khosla Ventures.
