💨 Abstract

Movement Labs, a blockchain developer, is seeking to raise $100 million in a Series B round, potentially valuing the company at $3 billion. The round is being led by CoinFund and Brevan Howard. The crypto market is regaining investor favor as regulatory pressures ease and the market recovers from the FTX crisis. The funds raised will be used for product improvement, regional expansion, and hiring additional staff.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖