Bug Bugged colors & artifacts in editor only after updating from 2020 to 2022.1.22

I had my project working on Unity 2020.3.40 using URP.
Recently I had to update to 2022.1.22f1 and now I have visual bugs in my scene view. I have a 2d puzzle game and all my sprites now turned into a blue-green-ish mess. See the screenshot:

This is on an empty test scene.

On an actual scene the screen has even more wilder appearance:

See this noise. It changes depending on scene camera zoom level. Sometimes it could go all red and cover 90% of the visible area.

The problem though is ONLY in the editor. When I run the game everything seems to be fine, even when I build for android.

Did anyone experience anything similar or knows what needs to be done to fix this?

 

Found out that this thing is somehow related to URP and my specific machine.
I had another project in 2022.1.22 and it had no issues till I imported URP. And then I checked on another machine and the same project didn't have the issue.