PANews reported on January 17 that the crypto wallet Phantom announced the completion of a $150 million Series C financing round, with a valuation of $3 billion. This round of financing was co-led by Sequoia Capital and Paradigm, with other investors also participating. It is reported that Phantom plans to use the new funds to accelerate the popularization of cryptocurrencies and promote its transformation into the world's largest consumer financial platform.

Since its launch in 2021, Phantom has reached 15 million monthly active users, supports 85 billion on-chain transactions, and manages $25 billion in self-custodial assets. In 2024, Phantom strengthened security and infrastructure construction by acquiring Bitski and Blowfish. In the future, Phantom will increase investment in social functions and peer-to-peer payments to further simplify the user experience.