Gate News, March 15 — A certain CEX-related Special Purpose Acquisition Company (SPAC) announced it has begun searching for potential acquisition targets, with the target company’s valuation possibly reaching up to $10 billion. The SPAC is extensively exploring crypto-native companies, including those in stablecoins, tokenization, DeFi, and payments. The SPAC previously completed a $345 million IPO and has two years to find an acquisition target. It stated that the $10 billion figure is only an approximate upper valuation limit, and the actual valuation of the target company could be closer to $2 billion. This range reflects the company’s desire to provide a pathway for small- and mid-cap companies to enter the public markets. Meanwhile, the CEX itself is also advancing its listing plans, having previously submitted registration documents confidentially to the U.S. Securities and Exchange Commission and completed approximately $800 million in funding last year, with a valuation of around $20 billion. The SPAC is also viewed as a strategic investment tool for the CEX, forming closer economic ties with the acquired company through equity holdings.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Three Major Platforms Control 75% of Stock Perpetual Futures Market in Q1 2026
TokenInsight’s Q1 2026 report reveals that the stock perpetual futures market is dominated by a few top platforms, which collectively hold about 75% market share. Major exchanges are increasingly offering U.S. stock and finance products to enhance cross-asset trading.
GateNews3h ago
Cross-Asset Hedging Emerges as Mainstream Strategy, Q1 Report Shows
A report by Block Scholes reveals rising correlations between crypto assets and traditional markets, noting increased demand for unified trading platforms as traders manage diverse assets. Trading volumes have surged, reflecting a shift towards multi-asset strategies.
GateNews4h ago
Digital Asset Investment Products Record $1.4B Net Inflows Last Week, Highest Since January
CoinShares reported $1.4 billion in net inflows for digital asset investment products last week, marking the largest increase since January. Bitcoin led with $1.116 billion, while Ethereum saw $328 million inflow. The U.S. contributed significantly, though Switzerland experienced outflows.
GateNews4h ago
DeFi hackers stole $600 million in April; Kelp DAO and Drift accounted for 95% of the monthly losses
In April 2026, within just 20 days, cryptocurrency protocols suffered losses of more than $606 million due to hacker attacks, becoming the worst single-month loss record since the February 2025 exchange incident in which $1.4 billion in data was leaked. The two attacks by KelpDAO and Drift Protocol accounted for 95% of April’s losses, and 75% of the total $771.8 million losses as of now in 2026.
MarketWhisper8h ago
Moody's: Stablecoin Market Exceeds $315.8B, but Near-Term Bank Threat Remains Limited
Moody's report shows stablecoins have reached a market value of $315.8 billion, primarily dominated by USDT. While near-term risks to banks are limited due to narrow adoption and regulation, long-term growth may challenge traditional banking.
GateNews9h ago
Crypto VC Funding Standards Rise; 2026-2027 Expected as Strongest Investment Period Since 2018
The crypto venture capital landscape is shifting, with investors now demanding proven user bases and revenue before funding. The appeal of token models is waning, while the AI sector diverts resources. However, improved conditions may enhance investments in stablecoins and financial infrastructure by 2026-2027.
GateNews12h ago
