Connecticut Governor Ned Lamont said he worries the collapse of Silicon Valley Bank could cause a pullback in early stage venture capital, putting a cap on the state’s booming new business figures.

In a March 17 notice, Representatives Maxine Waters and Patrick McHenry — ranking member and chair of the committee, respectively — said U.S. lawmakers would listen to testimony from federal financial regulators “in response to the failures of Silicon Valley Bank and Signature Bank” in a March 29 hearing. FDIC chair Martin Gruenberg and Fed vice chair for supervision Michael Barr are expected to appear before Congress.

In response to the turbulence in the banking industry, Johan Van Overtveldt, a member of the European Parliament and a former finance minister of Belgium, called for a ban on cryptocurrencies in a Friday tweet.

There were only 11,440 active non-fungible token (NFT) traders on 11 March, the day after the Federal Deposit Insurance Corporation (FDIC) took control of Silicon Valley Bank (SVB). It was the lowest count since 20 November 2021.

Credit Suisse Group AG's (CSGN.S) average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, the Swiss lender said on Thursday, despite the global banking crisis.

BuzzFeed Inc (BZFD.O) said on Thursday it had moved most of its cash from Silicon Valley Bank (SIVB.O) to other financial institutions, days after the digital media firm's stock slumped on news of its exposure to the troubled bank.

Hedge funds held the biggest yen-bearish positions in six months last week, a painful trade as the collapse of Silicon Valley Bank suddenly boosted demand for Japan’s currency as a haven.  

Russian media outlets, far-right websites, short sellers and doomsday preppers were among those who pushed and amplified conspiracy theories online focused on the collapse of Silicon Valley Bank, according to disinformation specialists.

Blockchain data platform Dappradar released a report on Wednesday exploring the aftermath of the Silicon Valley Bank (SVB) collapse and its impact on non-fungible token (NFT) trading activity and volume.

Cathie Wood, the founder and CEO of ARK Invest, wrote on Twitter:"Crypto did not force SVB and Signature into bankruptcy. In my view, Fed policy was the primary culprit. Because of a VC funding drought and higher yields on money market funds, deposits left the US banking system."