Kraken-Backed SPAC Eyes Crypto Target Worth Up to $10 Billion

Published at 2026-03-13 18:45:40

A special-purpose acquisition company backed by Kraken is quietly screening crypto-native firms that could command valuations as high as $10 billion, according to the update. The SPAC is taking a broad look at candidates across exchanges, infrastructure and trading-adjacent businesses, aiming to package a deal that appeals to traditional Wall Street buyers and public-market investors.

Why it matters: a successful transaction would accelerate institutional-grade liquidity and set valuation benchmarks for large crypto firms seeking public exits. Market participants will watch which subsectors are chosen and the deal structure, since a high-profile listing could spur consolidation and reopen a pathway for late-stage crypto projects to access U.S. capital markets.

KrakenSPACCryptoWall StreetM&AValuation

Share on:

Argentina’s securities regulator ordered a halt to operations of argt, a peso‑pegged stablecoin from Twin Finance, ruling it qualifies as a security subject to capital markets rules. The token, listed on Belo, had been offering returns up to 32% APR.

StablecoinArgentinaRegulationSecuritiesCryptoTwin Finance

Published at 2026-03-13 15:15:57

Mastercard Launches 85-Partner Crypto Initiative to Keep Stablecoins on Its Rails

Mastercard unveiled a program with more than 85 participants aimed at keeping stablecoin transactions flowing through its card and payment rails. The initiative pools crypto-native firms, banks, exchanges and infrastructure providers to integrate stablecoins into existing payment flows.

StablecoinsCryptoPaymentsMastercardFintech

Published at 2026-03-13 10:30:16

Druckenmiller Says Crypto Could Replace Dollar as World Reserve Currency

Veteran investor Stanley Druckenmiller said cryptocurrencies could one day supplant the U.S. dollar as the primary global reserve currency, highlighting adoption and monetary policy trends. His comments add a high-profile voice to ongoing debates about crypto's role in international finance.

CryptoDruckenmillerReserve CurrencyMonetary PolicyUSD

Published at 2026-03-13 06:30:10

Pi jumps 30%+ after Kraken listing announcement amid prior Bybit refusal

Pi rallied more than 30% after Kraken said it would list the mobile-mined token, reversing earlier market skepticism. The move highlights how exchange listings quickly reshape token sentiment.

Pi NetworkExchange ListingCryptoBybitKraken

Published at 2026-03-13 05:00:08

Ghana Establishes Structured Licensing Regime for Crypto Sector

Ghana's Securities and Exchange Commission has launched a regulatory sandbox under the Virtual Asset Service Providers Act to create a clearer licensing path for crypto firms. The framework aims to balance innovation with investor protection and regulatory oversight.