Some people might twist this narrative to say that crypto is the reason for those banking failures since all of them are related to crypto in one way or another, particularly the FTX case. I believe these failures show that the bank system is quite prone to failure if they don't do any due diligence, or take risks that are way out of their risk profile. It is a bit ironic, to be honest, just goes to show that the top management can also become greedy if they think they can get away with bail-outs and so on.
I hope people look at this and learn the lesson of never trusting any bank with all of our wealth. At the same time, learn how good risk management is necessary, especially in crypto trading. Let's see how many people got burned after 2024 because they failed to do that (hopefully none of us).