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SVB Financial Group files for Chapter 11 bankruptcy

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SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York to “preserve value.”

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Coin Market

Solana treasury firms resist Forward Industries’ consolidation push

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Two Solana treasury firms rejected acquisition proposals from Forward Industries, while a third offer expired without a response.

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Coin Market

Robinhood cuts 10% of workforce as Tenev touts business strength

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Robinhood cuts about 10% of staff as CEO Vlad Tenev says business “has never been stronger” despite weak Q1 trading.

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Bitcoin doesn’t need Ethereum-style yield, says Strategy’s Michael Saylor

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Michael Saylor says Bitcoin does not need staking or inflation, outlining a five-layer “Digital Asset Stack” that generates returns through credit and equity products built around BTC.

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