The Deathless Circle emerged from the shadows of New Eden's criminal underworld as a new power among the major pirate factions in YC125, with their occupation and control of the abandoned Jovian outpost system of "Zarzakh" posing a new challenge to the forces of law and order. Following years of rumor and suspicion as to the activities of the mysterious figure known as "The Deathless", the Circle has come into clear focus as a coalition of criminals, pirates, and renegades from across New Eden, though principally involving members of Caldari and Minmatar organized crime groups. The dark underbelly of Caldari society's network of crime families and so-called "disassociated", combined with the reach of Thukker gangsters and smugglers provides the Deathless Circle with a potent reservoir of talent and resources.

The elite of the Deathless Circle's espionage and research groups are also evidently drawn from across New Eden, though with obvious connections to those operating in the shadows of the Caldari and Minmatar counter-economies. The crowning achievement of the Deathless Circle is the discovery of Zarzakh and its occupation of the ancient Jovian outpost that has come to be called "The Fulcrum". With the entire resources of a Jovian megastructure at their disposal, it is difficult to gauge the limits of what the Deathless and his organization may achieve in the future.