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Bitcoin exchange and digital wallet company Bakkt announced plans to go public via a SPAC, in a marriage of two of Wall Street's hottest trends.

Axios Re:Cap speaks with new Bakkt CEO Gavin Michael to discuss the company, the deal and if this move will codify cryptocurrencies as part of mainstream American finance.

Go deeper

U.S. government scientists say 2020 was second-hottest year on record

Photo: David McNew/Getty Images

2020 was the second-hottest year on record, according to an analysis by National Oceanic and Atmospheric Administration scientists.

Why it matters: It's the second year in a row the Earth has experienced near-record heat, offering more evidence of the effects of global warming at the beginning of what could be a critical year for climate policy in the U.S. and around the globe, writes Axios Ben Geman.

Updated 5 hours ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.

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