Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Crypto Biz: Peter Thiel eyes the SVB throne - News
Ondo Finance acquires SEC-registered broker-dealer, eyes tokenized securities Ondo has acquired Oasis Pro, a FINRA member and SEC-registered broker-dealer.
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$250M Ondo Catalyst fund signals ‘arms race’ for RWA tokenization Ondo Finance and Pantera Capital are launching a $250 million fund to fuel tokenized real-world asset projects.
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Bitcoin mining stocks post double-digit gains in weekly rally The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside.
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Amundi warns GENIUS Act could backfire, undermining dollar dominance Europe's largest asset manager says the US GENIUS Act could unintentionally weaken the greenback and disrupt global payments.
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SEC ends ‘regulation through enforcement,’ calls tokenization 'innovation' In a media interview, Chair Paul Atkins pledged to empower businesses to innovate through tokenization.
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Peter Thiel backs crypto-friendly Silicon Valley Bank rival — Report Before its collapse, Silicon Valley Bank had deep ties to crypto companies and venture capital funds investing in the industry.
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First US staking ETF to launch Wednesday, giving investors exposure to Solana REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards.
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Robinhood launches layer-2 blockchain for stock trading in Europe Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe.
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Circuit unveils recovery system to solve crypto’s ‘permanent loss’ conundrum “Most people aren’t equipped for true self-custody,” said Circuit’s founder and CEO, Harry Donnelly.
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Aptos sees surge in tokenization as asset managers go onchain Aptos’ tokenized economy is being fueled by issuers such as Berkeley Square, Franklin Templeton and BlackRock.
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Crypto Biz: Bitcoin, treasuries and the stablecoin surge Corporations race to build Bitcoin treasuries as stablecoins gain momentum and landmark regulations take shape worldwide.
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Bitcoin, XRP, SOL futures launch on Robinhood Robinhood continues to expand its crypto services offering with micro futures contracts on leading assets.
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Core Scientific shares soar as CoreWeave revives buyout talks CoreWeave’s previous takeover bid for Bitcoin miner Core Scientific was rejected for being too low.
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Crypto firm for Deutsche, State Street launches private stablecoin contract Crypto infrastructure provider Taurus said the new contract could increase practical adoption of stablecoins, especially among businesses with sensitive transfers.
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Private credit powers $24B tokenization market, Ethereum still dominates — RedStone The tokenized RWA market is now valued at $24 billion, dominated by private credit and US Treasury debt.
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US regulator orders Fannie Mae, Freddie Mac to consider crypto for mortgages Federal Housing Finance Agency director William J. Pulte ordered the two government-sponsored enterprises to prepare to consider crypto for mortgage loan risk assessments.
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Coinbase stock approaches all-time high following 42% year-to-date gain Shares of the crypto exchange are being fueled higher by rising Bitcoin prices, pro-industry regulation and steady revenue growth.
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Aptos Labs, Jump Crypto launch Web3 cloud storage layer Shelby launches amid surging demand for cloud services, driven by the rapid growth in global data storage needs.
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Circle stock becomes largest component of VanEck’s digital asset index Shares of the stablecoin issuer account for roughly 13% of the MVDAPP, said VanEck’s Mathew Sigel.
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Crypto hedge fund execs to raise $100M for BNB treasury vehicle — Report According to Bloomberg, former executives at Coral Capital Holdings want to create a BNB treasury company.
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CoinFund-backed Veda raises $18M as stablecoin yield becomes ‘inevitable’ The DeFi vault platform has received funding from several VCs, including CoinFund, Coinbase Ventures and Animoca Ventures.
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Crypto Biz: AI money rush could reshape digital asset industry Cointelegraph moderated an AI funding panel at the Web Summit conference in Vancouver, Canada.
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US crypto ETF approval odds surge to ‘90% or higher’ — Bloomberg analysts The SEC likely views cryptocurrencies Litecoin, Solana, XRP, Dogecoin, Cardano and others as “commodities.”
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Wyoming stablecoin commission names Aptos highest-ranking blockchain The commission evaluated more than 10 blockchains, including Ethereum, Avalanche, Sui, Stellar and Polygon.
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Uber pitches AI labeling services following Meta’s Scale acquisition — Report The ride-hailing giant has reportedly offered AI “coders for hire” since at least November.
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Musk’s X plans payments, investment features rollout for 2025 — Report The social media app will soon be embedded with various financial services, X CEO Linda Yaccarino said.
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Visa, Yellow Card push digital dollar use across African countries Yellow Card plans to roll out stablecoin payments with Visa in at least one African country this year amid a trend driven partly by limited access to US dollars.
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ZisK spins off from Polygon with ‘core minds behind Polygon zkEVM’ Polygon co-founder Jordi Baylini continues to serve Polygon in an advisory capacity.
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JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins Once the pilot phase ends, Coinbase’s institutional clients can begin using JPMD for transactions.