🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
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10 creators with the funniest posts
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1⃣️ Follow Gate_Square
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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
Silicon Valley's Next Play: Big Tech Billionaires Building a Crypto-Native Bank
Palmer Luckey (Anduril co-founder) and a crew of heavyweight VCs including Joe Lonsdale (8VC) and Peter Thiel are quietly building Erebor Bank – a federally-chartered U.S. bank designed specifically for crypto, AI, and defense tech startups.
Why Now?
SVB’s collapse in March 2023 left a gaping hole. Bitcoin and crypto companies suddenly couldn’t get basic banking services. Erebor is moving in to fill that vacuum – targeting founders and businesses that traditional banks won’t touch.
The Playbook
Who’s Running It?
What They’re Offering:
Where? Columbus, Ohio HQ + NYC office
The Real Story
This isn’t just about banking. It’s about capture – the crypto industry finally gets institutional-grade financial infrastructure. Erebor’s positioning as “the most regulated entity conducting stablecoin transactions” signals something bigger: tech’s heavyweight players aren’t waiting for legacy finance anymore. They’re building it themselves.
The target market says it all: crypto startups, defense contractors, AI companies, manufacturing. This is Silicon Valley positioning itself as the financial backbone of tomorrow’s economy.