Erebor clears another regulatory hurdle
Palmer Luckey’s Erebor Bank just got a major green light from U.S. regulators. Yesterday, the FDIC approved deposit insurance for the newly chartered national bank thats planning to be headquartered in Columbus, Ohio. This is a key step toward actually opening for business as an FDIC-insured institution. Reminder, Erebor’s model is geared toward deposit and lending products for the “innovation economy” (tech, payments, investment, defense), including crypto market participants. Read more →
Hut 8 joins the miner-to-AI pivot
Hut 8 (HUT) is leaning harder into AI infrastructure, announcing a partnership with Anthropic and Fluidstack to build an initial 245 megawatts of AI data center capacity at its River Bend campus (with an expansion path up to ~2.3 gigawatts). The first phase comes with a 15-year lease valued at roughly $7 billion – news that helped send HUT shares up 25% today. If this sounds familiar, it’s essentially the same playbook we’ve seen elsewhere: Galaxy Digital (GLXY) has been doing a version of this at its Helios campus via long-term agreements with CoreWeave (CRWV). Read more →
Introducing the SAFE Crypto Act
A bipartisan pair of U.S. senators — Elissa Slotkin (D) and Jerry Moran (R) — introduced the SAFE Crypto Act, which would create a federal task force to better coordinate Treasury, law enforcement, financial regulators, and private-sector experts in tracking and disrupting crypto-related fraud. Scams are crypto’s easiest political vulnerability – so anything that tightens enforcement and coordination should make it easier for policymakers going forward. Read more →
Trump Set to Interview Fed’s Christopher Waller for Chair Link»
Ex-Alameda CEO Caroline Ellison leaves federal prison after 11 months Link»
Coinbase’s ‘System Update’ event is today at 2pm PST Link»
Trump to address the nation tonight Link»
Super long post from Vitalik: Let a thousand societies bloom Link»
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