Key Takeaways Should investors expect a DeFi revival? The Federal Reserve lowered borrowing costs, which can set up favorable conditions for DeFi. The TVL is near all-time highs, and stablecoin reserves were also surging. What are the short and long-term expectations for UNI prices? A UNI breakout past $10 could lead to a rally to $12; over the next few …
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Bitcoiner Chamath Palihapitiya files for $250M SPAC Focused on DeFi, AI
Early Bitcoin investor and billionaire Chamath Palihapitiya filed to raise $250 million in blank-check company “American Exceptionalism Acquisition Corp A,” targeting the decentralized finance, AI, energy and defense sectors. The special purpose acquisition company (SPAC) would be led by Social Capital managing partner Steven Trieu as CEO and Palihapitiya as chairman, according to the registration statement filed with the US …
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