CEX

CEXs are platforms managed by centralized organizations that facilitate the trading of cryptocurrencies, offering high liquidity and user-friendly fiat on-ramps. Leaders like Binance, OKX, and Coinbase serve as the primary gateways for institutional and retail entry. In 2026, the industry focus is on Proof of Reserves (PoR), enhanced regulatory compliance, and hybrid models that offer self-custody options. This tag provides updates on exchange security, listings, and global market trends.

4083 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Peter Thiel, Tech Billionaires Back New Bank for Start-ups, Erebor, After SVB Collapse: Report

Peter Thiel, Tech Billionaires Back New Bank for Start-ups, Erebor, After SVB Collapse: Report

Peter Thiel has joined a group of prominent tech billionaires backing a new US bank called Erebor, aimed at replacing the role once filled by Silicon Valley Bank, whose collapse in 2023 left a vacuum in financing for start-ups and crypto firms. The proposed bank is the brainchild of Palmer Luckey, founder of defence contractor Anduril, and Joe Lonsdale, a venture capitalist and Palantir co-founder, the Financial Times reported Wednesday. Thiel’s Founders Fund is reportedly among its investors. Erebor Emerges to Fill SVB Void With Focus on Cutting-Edge Tech Businesses Erebor has applied for a national bank charter and plans to serve tech businesses focused on artificial intelligence, crypto, defence and manufacturing, as well as the individuals who work at or invest in them. Tech billionaires back new lender Erebor as Silicon Valley Bank rival https://t.co/xotSEuUfWb — Financial Times (@FT) July 1, 2025 The firm’s formation traces back to the abrupt fall of SVB, which collapsed in March 2023 under the weight of poor asset management and a sudden bank run. Once the go-to institution for early-stage tech firms and venture capitalists, SVB’s demise disrupted financial access for the innovation economy. While its assets were acquired by First Citizens and its bankers moved to new institutions like HSBC, many start-ups still report difficulties securing credit under the more risk-averse models of traditional banks. “The bank will be a national bank providing traditional banking products, as well as virtual currency-related products and services, for businesses and individuals,” Erebor said in its public filing. Erebor to Operate as Digital-Only Bank, With Eyes on Global Clients and Stablecoin Dominance The application also outlines plans to support non-US firms seeking access to the US banking system. In addition, Erebor aims to stand out by offering credit to businesses often overlooked by both traditional and disruptive financial institutions. Peter Thiel and Founders Fund have long been iconic forces in Silicon Valley. Over the years, the fund has built a portfolio of some of the most transformative tech companies. It includes 43 unicorns, 28 IPOs and 116 acquisitions. Notable names include SpaceX, Palantir, Facebook and Airbnb. As a result, their backing gives Erebor strong credibility among tech investors and founders. Although the bank is backed by high-profile figures, Luckey and Lonsdale are not expected to take on operational roles. Instead, Erebor will be led by co-CEOs Jacob Hirshman and Owen Rapaport. Hirshman previously worked at crypto firm Circle. Rapaport is the CEO of Aer Compliance. Additionally, Mike Hagedorn, a veteran of Valley National Bank, will serve as president, according to the FT. Erebor will be headquartered in Columbus, Ohio, with a secondary office in New York, but will operate entirely digitally. All customer interactions and services will be delivered through its app and website. Stablecoins are expected to be a core focus. Erebor described its goal as becoming “the most regulated entity conducting and facilitating stablecoin transactions.” However, key parts of the application, including financials and ownership details, were filed confidentially and remain undisclosed.

Author: CryptoNews
Dow Jones up 300 points as Senate passes Trump’s budget, Tesla drops 8%

Dow Jones up 300 points as Senate passes Trump’s budget, Tesla drops 8%

Senate passed Trump's budget bill, while Tesla led with losses on Musk's renewed feud with the President.

Author: Crypto.news
This Shiba Inu alternative readies to outperform SHIB, make millionaires in 2025

This Shiba Inu alternative readies to outperform SHIB, make millionaires in 2025

As SHIB eyes a modest rebound, new contender LILPEPE is turning heads with its utility-first meme chain and 1000x potential. #partnercontent

Author: Crypto.news
Crypto hacks are a wake-up call for DeFi

Crypto hacks are a wake-up call for DeFi

Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation.

Author: PANews
Court rules IRS can collect Coinbase user data without warrants

Court rules IRS can collect Coinbase user data without warrants

U.S. Supreme Court decided not to consider a case from Coinbase user against the IRS.

Author: Crypto.news
Top 3 memecoins: Investors could turn $100 into $10,000 with these tokens

Top 3 memecoins: Investors could turn $100 into $10,000 with these tokens

LILPEPE enters the memecoin arena with a viral presale, Layer 2 utility, and investor buzz that could turn $100 into $10,000. #partnercontent

Author: Crypto.news
Can retail investors buy SpaceX shares? A look at the three major private equity tokenization platforms

Can retail investors buy SpaceX shares? A look at the three major private equity tokenization platforms

Author: kkk, rhythm In addition to the stablecoin craze, equity tokenization is also becoming a new market narrative. On June 27, Web3 startup Jarsy announced the completion of a $5

Author: PANews
SOL bounces on ETF hopes, XRP eyes $27; XYZVerse targets 25,000% gains

SOL bounces on ETF hopes, XRP eyes $27; XYZVerse targets 25,000% gains

As Solana and XRP prepare for potential breakouts, XYZVerse is stealing the spotlight with a fast-rising presale and bold ambitions to become the next 1,000x memecoin. #partnercontent

Author: Crypto.news
Texas is going Bitcoin: 3 tokens to stack as U.S. states embrace BTC reserves

Texas is going Bitcoin: 3 tokens to stack as U.S. states embrace BTC reserves

Texas funds $10m Bitcoin reserve, setting stage for altcoin surge as ETF hopes and investor momentum grow. #partnercontent

Author: Crypto.news
SOL jumps on ETF buzz; XRP eyes $8–$27 breakout, XYZVerse fuels 25,000% moonshot hopes

SOL jumps on ETF buzz; XRP eyes $8–$27 breakout, XYZVerse fuels 25,000% moonshot hopes

Solana rebounds on ETF optimism, XRP eyes breakout, and XYZVerse draws buzz with 25,000% rally potential. #partnercontent

Author: Crypto.news