Peter Thiel’s PayPal Legacy Fuels New Crypto Bank—Here’s What to Buy Now

Silicon Valley’s favorite contrarian is at it again. PayPal co-founder Peter Thiel just threw his weight—and presumably a stack of cash—behind a new crypto-focused bank. The move sent shockwaves through fintech circles, with traders scrambling to decode which digital assets might ride the momentum.

Why It Matters

When Thiel bets, markets listen. The billionaire’s early Bitcoin evangelism minted fortunes—and his latest play suggests institutional crypto adoption isn’t just coming; it’s being built. The new venture reportedly aims to bridge traditional finance with DeFi, though skeptics note banks suddenly ‘love blockchain’ only after missing the first 300% gains.

What’s Next

Watch for altcoins with real utility (not just memes) to get a Thiel bump. Meanwhile, Wall Street suits will keep pretending they ‘always believed’ in crypto—right after finishing their fifth coffee-spitting session reading Bitcoin’s latest ATH.

Erebor Bank to Enter Crypto With Heavyweight Backing

Not only is Erebor backed by Thiel, but also Anduril’s Palmer Luckey, Palantir’s Joe Lonsdale, and Thiel’s Founder Fund.

If you need to know anything in tech and crypto, it’s these three names.

The new bank aims to serve a variety of cryptocurrency firms, much like Silicon Valley Bank did before its implosion in 2023.

It collapsed due to poor investments in low-yield bonds, leaving it vulnerable to a tech-driven bank run, marking the second-largest US bank failure after Washington Mutual in 2008.

Erebor positions itself at the heart of the next financial wave, and crypto is the next frontier, as the bank plans to hold stablecoins on its balance sheet.

In fact, the bank will be led by Jacob Hirshman, a former adviser to the $USDC stablecoin issuer Circle, and Owen Rapaport, the co-founder of Argus, a compliance software firm.

Having a seasoned Circle insider at the helm means Erebor gains direct insight into crypto-native finance and regulatory compliance.

Meanwhile, expertise from Argus will bring a strong foundation in financial risk management and institutional-grade compliance tools.

The upcoming institution  may not have come at a better time. Senate lawmakers recently passed the GENIUS Act, a regulatory framework for stablecoins that’s widely seen as a major win for the crypto industry.

Erebor marks yet another step in growing institutional support for digital assets. As such, there might not be any better time to explore the next crypto to explode – Bitcoin Hyper ($HYPER), TOKEN6900 ($T6900), and Parcl ($PRCL).

1. Bitcoin Hyper ($HYPER) – Layer 2 Network Designed to Addresd Bitcoin’s Painpoints (Slow Speeds, High Fees)

Bitcoin Hyper ($HYPER) goes beyond being just another meme coin; it’s supercharging a cutting-edge LAYER 2 solution designed to address Bitcoin’s limitations: slow speeds, high fees, and limited smart contract capabilities.

Built on the Solana VIRTUAL Machine (SVM), the Layer 2 network will operate as a secondary layer alongside Bitcoin’s mainnet, allowing for fast, low-cost, and programmable transactions.

At its core is a Canonical Bridge, enabling off-chain execution with secure settlement on the bitcoin Layer 1.

Such an approach is similar to the success of Solaxy, a pioneering Layer 2 solution for solana that raised over $58M on presale.

Bitcoin Hyper has already raised over $1.8M and appears to follow a similar growth trajectory.

Priced at just $0.012125, Bitcoin Hyper’s native token – $HYPER – offers early investors the chance to explore the L2 once it officially launches in Q3 2025.

Following Layer 2’s official mainnet launch, we predict it could hit $0.32 this year – possible 2,540% gains if you buy $HYPER now.

For extra income, you can also currently stake $HYPER at a hefty 418%. This percentage is likely to decrease as more investors join the reward pool, so there’s really no better time to join the presale.

2. TOKEN6900 ($T6900) – Anarchist Token That Fights Back Against Crypto Norms

TOKEN6900 ($T6900) isn’t here to play by the rules; it’s here to torch them. Acting as an anarchist in both TradFi and DeFi realms, $T6900 doesn’t include utility, roadmaps, or promise to ‘innovate’ – it thrives on chaos and defies convention.

It draws inspiration from SPX6900 ($SPX), a satirical token designed as a playful parody of the S&P 500, boasting a sizable $1.19B market cap.

In fact, it goes so far as to say that it has ‘one-upped’ the SPX6900 by adding an additional ERC-20 token to its fixed supply.

What makes $T6900 stand out is its identity as the first ‘Non-Corrupt Token’ (NCT). It gives itself this name tag because it promises no inflation, no hidden fees, or no backdoor mechanics: just a fixed supply and a strong community.

Since launching just days ago, it has already attracted over $191K on presale, even though one token currently costs just $0.006425.

The presale will end once $T6900 hits $0.007125, so now’s a great time to buy the coin for 11% less.

It’ll then be launched on major exchanges, where the price is expected to rise well beyond this threshold. For context, coins listed on Binance typically surge 73% within thirty days.

3. Parcl ($PRCL) – Jumps 35% Over Offering Real Estate Trading On-Chain

Parcl ($PRCL) is another cryptocurrency attracting red-hot attention from investors, as evidenced by its price jumping over 35% since yesterday.

This surge follows growing interest in real-world asset (RWA) tokens, as Parcl offers a novel way to trade real estate markets on-chain.

Built on Solana, the platform lets you speculate on real estate markets by trading digital assets that track the average price per foot in major cities (like Miami, New York, and Los Angeles).

Instead of buying physical property, you can go long or short on these price trends, similar to how you’d trade commodities or stocks.

Each city has a ‘Deal,’ a synthetic asset whose value moves with real-world real estate data. By updating the data daily through oracles provided by Parcl Labs and PYTH Network, you gain fast, liquid exposure to real estate markets.

And all with no need for mortgages, tenants, or down payments.

To leverage its real estate offerings and have governance rights in the ecosystem, you can buy $PRCL on some of the best crypto exchanges – Bybit, MEXC, and OKX – for just $0.08529.

Verdict – Erebor to Boost the Best Cryptos to Buy

The emergence of Erebor signals a pivotal shift in how crypto-native institutions are being built with regulation compliance and innovation in mind.

With tech heavyweights and leadership in both stablecoin and risk management expertise, it could become the next Silicon Valley Bank (but hopefully without the fatal mistakes).

But the real story lies in what will likely come next. As institutional interest in crypto soars, it is bound to lift the best cryptos to buy now, like $HYPER, $T6900, and $PRCL.

For crypto investors, it likely presents an opportune time to reap significant gains as digital assets continue to attract significant mainstream attention.

Still, crypto isn’t without its risks. So always DYOR and invest cautiously.