Kraken affiliate-backed SPAC seeks acquisition target of up to $10B

KRAKacquisition, a special purpose acquisition company (SPAC) backed by a Kraken affiliate, is currently seeking an acquisition target valued at up to $10 billion. According to Decrypt, company director Ravi Tanuku explained that they are considering businesses in not only cryptocurrency but also stablecoins, DeFi, and all types of payment-related ventures.