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NBA star and early Coinbase investor Kevin Durant, launched a $200M SPAC that is looking to merge with or acquire a crypto company. A SPAC is a company created with the sole purpose of merging with or acquiring a private company and taking it public. They have become quite popular in the last year, with companies like Virgin Galactic and SoFi going public via SPAC. In the SEC filing, the firm highlights cryptocurrency and digital assets firms as a possible pick to merge with or acquire.
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Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.
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