Kraken’s SPAC KRAKacquisition Targets Stablecoin and DeFi Firms Worth Up to $10 Billion

TLDR: KRAKacquisition raised $345M in January, launching a two-year hunt for a crypto acquisition target. The SPAC is evaluating firms valued between $2 billion and $10 billion across crypto sectors. Target sectors include stablecoins, DeFi, asset tokenization, and payments-related crypto firms. Kraken filed a confidential SEC registration statement as it pursues its own IPO this [...]

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