SVB got hit by a bank run, and over 90% of their financial assets are not insured. This will almost certainly lead to a domino effect.
https://archive.ph/RWTyo

and SVB was just shut down/taken over by FDIC

https://www.fdic.gov/news/press-releases/2023/pr23016.html#:%7E:text=Silicon%20Valley%20Bank%20had%2017,Valley%20Bank%27s%20normal%20business%20hours