Silicon Valley bank collapse

On March 15th, according to Wall Street news, the collapse of a Silicon Valley bank on Friday led to the inflow of $397 million into Cathie Wood’s ARK Innovation ETF (ARKK), a multi-year high. This is the largest inflow of funds since April 2021. Interpretation of this information: The collapse of a Silicon Valley bank on March 15th has resulted in the inflow of $397 million into Cathie Wood’s ARK Innovation ETF, as reported by Wall Street news. This event has caused a multi-year high for the fund, which has…

According to reports, Luca Netz, founder of the NFT project “Fat Penguin” Pudgy Penguins, said on social media that the collapse of the Silicon Valley bank had no impact on the NFT project and hoped that everyone would get through the difficulties, but he did not confirm whether the “Fat Penguin” Pudgy Penguins held capital exposure in the Silicon Valley bank. Interpretation of this information: The recent news of the Silicon Valley bank collapse has caused widespread concern in the financial world, and many projects have been affected. In response…