Is Coinbase in trouble? Some say it looks like the beginning of the end…. others are fighting it.

BREAKING: $LUNC DAO seized Coinbase documents that state Grayscale assets are secure. This is bullish for the overall crypto market and alleviated a lot of fear

Coinbase affirms all the Grayscale assets are secure …should help sentiment a bit pic.twitter.com/sOjKZkcRxd

— FxMacro (@fxmacro) November 21, 2022

I find it weird that every time this "hacker" moves ETH, at the exact same time someone on Coinbase starts twap selling ungodly amounts of ETH. pic.twitter.com/XqLtp9Xg3O

— Byzantine General (@ByzGeneral) November 21, 2022

The implosion of FTX is not good news for #Coinbase: Bankruptcy of FTX removes a major competitor but it also evaporates confidence in the crypto economy. Bond market sounds the alarm bell. Coinbase 2028 bonds trading currently for 56 cents on the dollar. https://t.co/sWHhW49r9i pic.twitter.com/oz86xjkX7a

— Holger Zschaepitz (@Schuldensuehner) November 20, 2022

Not saying Coinbase is in trouble here, more just pointing to a notable public company with debt in public markets.

17% yield.

Plenty of firms & mining operation still out there with balance sheet impairment and debt that cannot be rolled/refinanced.

A cleanse is underway. pic.twitter.com/1kpU9tEXJt

— Dylan LeClair 🟠 (@DylanLeClair_) November 21, 2022