🚨 US Approves Crypto-Friendly National Bank “Erebor” The US has officially approved Erebor Bank, a new crypto-friendly national bank, marking the first new charter under Trump’s second term. 🏦 Approved by the OCC, Erebor launches with $635M capital and will serve startups, VC-backed firms, and wealthy clients—a market hit hard after SVB’s 2023 collapse. 💰 Backed by top investors like a16z, Founders Fund, Lux Capital, 8VC, and Elad Gil, the bank was founded by Palmer Luckey (Oculus creator). ⚙️ Erebor will focus on lending to advanced sectors like defense tech, robotics, AI factories, aerospace, and futuristic manufacturing. 🔗 It also plans blockchain-based 24/7 payments, plus loans backed by crypto and private securities, including financing AI chip purchases. 🛡 The FDIC has approved deposit insurance, boosting legitimacy. 📈 Valuation jumped from $2B to $4B after a $350M funding round.#MarketRally #USIranStandoff #BitcoinGoogleSearchesSurge #WarshFedPolicyOutlook #WhaleDeRiskETH $BTC $ETH $BNB
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