Join our telegram group chat: https://t.me/+7fj47duN48swMjI1B: JapanOrange Caesar demands “spoiled” Japan buys US riceSanseito showing up in the mainstream mediaLand prices up 8% across TokyoConbini coffee up 9%SEGA store to open in Shibuya this month. Free Japan domestic flights for tourists? Mt. Fuji climbing fees doubled to 4000JPY. Could this be our final July 5th in Tokyo? B: Bitcoin  (~57 mins)good or bad https://x.com/documentingbtc/status/1940406789138440626?s=61a new venture called Erebor is being launched by a consortium of tech billionaires to serve Bitcoin, crypto, and other tech-focused businesses in the U.S.:Led by Palmer Luckey (founder of Oculus and defense-tech firm Anduril)  .Backed by Peter Thiel’s Founders Fund, alongside Joe Lonsdale (co-founder of Palantir and 8VC)  .What we know so far:The bank is named Erebor, a Tolkien-inspired nod, and has filed for a national bank charter with U.S. regulators  It’s designed as a digital-first bank, headquartered in Columbus, Ohio, with a satellite office in New York—primarily serving tech startups, crypto firms, AI, defense, and manufacturing businesses, as well as individual investors or employees in those sectors  .Leadership will include co‑CEOs Owen Rapaport and Jacob Hirshman, the latter a former adviser to stablecoin issuer Circle. Mike Hagedorn is also listed as president  .Erebor plans to hold stablecoins on its balance sheet, aiming to be “the most regulated entity conducting and facilitating stablecoin transactions”  .It targets the growing need for banking solutions by crypto startups and high-risk tech ventures that traditional lenders shy away from, particularly following Silicon Valley Bank’s collapse in March 2023  .Why it matters now:SVB’s collapse left a gap in banking for tech and crypto companies. Erebor is directly aiming to fill that niche  .With its stablecoin-ready infrastructure and digital-centric model, it’s positioning itself at the forefront of the future of fintech and Web3 banking  .Erebor’s registration for a fully regulated national charter signals serious intent to serve as a compliant and credible alternative to unregulated crypto platforms  .