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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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Welcome to the October 2022 Recap Newsletter! We hope everyone is safe & sound. Despite November being one of the wilder months in a while (given all the news), last month was a strong one for crypto.
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