Bitcoin24h $86,732.16+1.87%

Ethereum24h $2,765.79+1.76%

BNB24h $791.64+0.99%

XRP24h $1.62+7.91%

Solana24h $118.94+2.84%

TRON24h $0.3437-1.44%

Zcash24h $1,618.27+9.75%

Hyperliquid24h $97.72+4.87%

Dogecoin24h $0.1022+3.50%

Monero24h $576.02+0.69%

Venture capitalists, not Operation Chokepoint 2.0, blamed for SVB crash

Silicon Valley Bank focused on two risky industries, VC and crypto. Poor diversification, not Operation Chokepoint 2.0, caused its collapse.

A year on from the US regional banking crisis, what’s changed?

It’s becoming clearer by the day that the regional banking crisis of 2023 didn’t end when the calendar year turned over.

PayPal co-founder David Sacks blames the Federal Reserve for the collapse of Silicon Valley Bank, specifically citing rising interest rates.

Citadel founder Ken Griffin says regulators stepping in to save Silicon Valley Bank is a sign that US capitalism is “breaking down.”