Immediately in crypto, Cayman Islands-based Bullish has filed for IPO registration with the SEC, aiming to listing on NYSE as “BLSH,” Bitcoin might briefly consolidate however new all-time highs are nonetheless potential for July. In the meantime, US President Donald Trump has signed the GENIUS Act into legislation, enacting the nation’s first stablecoin laws.
Crypto trade Bullish recordsdata for US IPO, targets NYSE itemizing as “BLSH”
Bullish, a cryptocurrency trade owned by Bullish World, has filed for an preliminary public providing (IPO) in the US. The Cayman Islands-based agency plans to listing its peculiar shares on the New York Inventory Change (NYSE) beneath the ticker image “BLSH.”
The precise variety of shares to be provided and the worth vary stay unspecified, in accordance to a Friday F-1 registration assertion filed with the US Securities and Change Fee (SEC). Nevertheless, the trade has granted the underwriters a 30-day choice to buy extra shares.
For fiscal 12 months 2024, Bullish reported a internet revenue of roughly $80 million. Nevertheless, regardless of this constructive full-year consequence, the corporate skilled a big downturn within the first quarter of 2025, reporting a internet lack of $349 million in comparison with a $104.8 million internet revenue in the identical quarter of 2024.
Moreover, the trade claims over $1.9 billion in liquid property, together with money, Bitcoin (BTC), stablecoins and different digital property.
Bitcoin ‘pausing right here for air’ probably, however one other July ATH nonetheless potential
Bitcoin may very well be in for a quick consolidation section after its current surge to new all-time highs — however one other leg up earlier than the top of July isn’t off the desk, based on Galaxy Digital’s head of franchise buying and selling, Michael Harvey.
“Consolidation round present costs is my base case given the massive rally and new ATH,” Harvey instructed Cointelegraph.
“I do count on BTC to development larger into the year-end, however pausing right here for air could be lifelike,” Harvey stated, including:
“I feel the very best case BTC worth into month finish is a continued gradual melt-up.”
He defined that reaching new highs by the top of this month is the very best case state of affairs and would require ongoing robust inflows into the US-based spot Bitcoin exchange-traded funds (ETF), continued accumulation by Bitcoin treasury companies, and an aggressive enhance in retail demand.
Crypto execs middle stage as Trump indicators stablecoin invoice into legislation
US President Donald Trump signed one of many first payments associated to crypto and blockchain of his administration into legislation on Friday after delays as a consequence of debates within the Home of Representatives and Senate.
In a Friday signing ceremony attended by many cryptocurrency firm executives and high-ranking Republicans, together with Vice President JD Vance and Home Speaker Mike Johnson, Trump signed the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act into legislation.
The president acknowledged the assist of a number of crypto figures in attendance, together with Kraken co-CEO David Ripley, Gemini co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino and Robinhood CEO Vladimir Tenev.
“The whole crypto group, for years, you have been mocked and dismissed and counted out, you have been counted out as little as a 12 months and a half in the past, however this signing is an enormous validation […] of your onerous work and your pioneering spirit,” stated Trump, studying ready remarks.
