Palmer Luckey, known for his work in technology and defense, is launching a new crypto-friendly banking startup named Erebor. The venture aims to revive technology banking by integrating stablecoin deposits and providing continuous service even during bank holidays, catering to the needs of agile startups. Erebor will be formed through a merger with Luckey's stablecoin startup Atticus, which recently raised approximately $250 million at a $2.25 billion valuation. The new entity seeks to obtain a banking license to offer innovative financial services. The startup's name, Erebor, is inspired by the Lord of the Rings universe. Additionally, there is a connection to Anduril, a defense technology company associated with Luckey, noted by some investors.