Peter Thiel Among Tech Billionaires Trying to Fill Void Left by Silicon Valley Bank
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币界网报道：Silicon Valley billionaires, including former Sequoia Capital partner Michael Moritz and PayPal co-founder David Sacks, are launching a new bank called "Fusion" to serve crypto and AI startups. The bank aims to fill the void left by the collapse of Silicon Valley Bank (SVB) last year, offering traditional banking services alongside venture debt for high-growth tech companies. Fusion has raised over $250 million in funding and plans to start operations in early 2024, pending regulatory approvals. The founders emphasize that while they support crypto firms, the bank will maintain strict compliance with U.S. financial regulations to avoid SVB's fate.
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? Altcoins look weak — even as Bitcoin nears all-time highs. @osf_rekt and @rektmando for #RektVision.
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