Bear Cave blog sees ‘more problems’ at Coinbase

The Bear Cave, which notes that it has previously published on "the crypto banking collapse and warned that a collection of U.S. banks had significant exposure to the crypto industry" ahead of one of those banks, Signature Bank (SBNY), having failed yesterday and also previously published on problems at Silvergate Bank (SI) ahead of the shares falling over 90% before the bank announced it is entering liquidation, announced it is publishing additional concerns about Coinbase (COIN). "The Bear Cave believes Coinbase currently faces a perfect storm of problems including ballooning losses and legal liabilities, the collapse of bank partners, and a volatile stablecoin that all add pressure to its deteriorating core business," said the blog, which added: "The Bear Cave does not bet against the companies we write about and only makes money from reader subscriptions." Reference Link