The company will use the money to introduce additional wrapped tokens for investors.
Exclusive: Movement Labs set to close $100 million funding round as crypto markets heat up
Movement is building a layer-2 blockchain on Ethereum using technology from Facebook's failed crypto project.
Mark Cuban shuts down the narrative that he’s lost big after betting $29 million on ‘Shark Tank’ by explaining how he’s ‘crushing it in the market’
These are the investments that have paid off for the billionaire
Moderna stock seesaws as first US bird flu death puts vaccine development in focus
Moderna stock was on track to see a weekly gain of 10% as of Wednesday following the first reported bird flu death in the US.
UK 10-Year Yields Hit Highest Since 2008 as Market Rout Deepens
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Fed's Waller: More cuts likely though timing depends on inflation progress
WASHINGTON (Reuters) -Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve Governor Christopher Waller said on Wednesday. Waller said that while it was true inflation "appears to have stalled" above the Fed's 2% target in the waning months of 2024, market-based inflation estimates, as well as one-month and shorter-term inflation readings, have left him confident that inflation is continuing to ease in the U.S. even if the pace of improvement is less certain. "This minimal further progress has led to calls to slow or stop reducing the policy rate," Waller said in remarks to an Organization for Economic Cooperation and Development event in Paris.
Stock market today: Wall Street drifts lower after its slide from the day before
Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected. In the bond market, which has been the bigger focus for Wall Street recently, yields were also making more modest moves after charging higher over the last month. Reports on the economy Wednesday weren’t as strong as Tuesday’s, which raised hopes that the Federal Reserve may keep cutting short-term interest rates to support the economy and give markets a boost.