Headlines

Kraken launches institutional crypto lending model with Maple

Kraken has expanded its institutional lending business through a new Maple-backed financing facility built around a bankruptcy-remote SPV. Summary Kraken and Maple launched a USDC-funded SPV facility for institutional crypto-backed loans. Maple will provide senior financing while Kraken retains exposure and services the loans. Tokenized credit has grown past $6.2 billion, with Bernstein seeing a…

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a16z-backed Base Power is offering cheaper electricity to the power grid that needs it most

Energy storage startup Base Power began selling its massive home battery systems to residents of Illinois yesterday, Canary Media reported. Crucially, it’ll be the startup’s first foray into the grid territory operated by PJM Interconnection, the largest U.S. grid operator by territory, and one that has particularly struggled to cope with an onslaught of new…

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Former Fidelity Executive Says South Korean Index’s 10% Crash Pulled BTC Below $60,000

Key Takeaways Kospi’s 8% drop and BTC’s fall to $59,018 show global tech contagion, per Mike McCluskey. Nvidia and Micron pullbacks drove $700M liquidations as ETF outflows eased mid‑week. Strive’s BTC buys and the 200‑week MA signal support ahead of Friday’s $60K expiry test. The Seoul-to-Nasdaq Contagion On Tuesday, June 23, the South Korean index,…

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