U.S. stock market data showed that #Silvergate plummeted 43% at the opening, after Silvergate announced that it would postpone its 2022 annual report and is evaluating its ability to operate as a going concern. It is reported that Silvergate (SI.N) has been among the top two U.S. stocks in terms of short-selling ratio of outstanding shares since February. Today Coinbase also announced that it will no longer cooperate with Silvergate.

#CoinbaseVentures #Silvergate