📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Co-founder of PayPal and other tech billionaires plan to establish Erebor Bank
According to the Financial Times, PayPal co-founder Peter Thiel and other tech billionaires plan to establish a bank named Erebor, focusing on serving startups in the fields of cryptocurrency, artificial intelligence, manufacturing, and defense technology. Erebor has applied for a national banking charter from the Office of the Comptroller of the Currency.
This bank aims to fill the market gap left by the collapse of Silicon Valley Bank (SVB), which served cryptocurrency companies and other venture-backed startups including BlockFi, Circle, and Avalanche, but went bankrupt in 2023 due to financial investment missteps.
Erebor was founded by Palmer Luckey, co-founder of defense technology company Anduril, and is supported by Palantir co-founder Joe Lonsdale and the Founder Fund established by Thiel. The two co-executives are Owen Rapaport, co-founder of software company Argus, and Jacob Hirshman, former advisor of Circle. Erebor plans to bring stablecoin onto its balance sheet, but has not yet specified a particular currency.