Crypto-friendly bank Erebor in talks to raise $1.5 billion at $9.5 billion valuation: FT

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Erebor, a crypto-friendly bank, is in talks to raise $1.5 billion at a $9.5 billion valuation, according to the Financial Times. The bank has seen significant growth, with total deposits increasing from $1.1 billion in March to $4.6 billion by July, driven by clients in the crypto, AI, and defense sectors, signaling a surge in demand for its services.