At this time 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 regulation, enacting the nation’s first stablecoin laws.
Crypto alternate Bullish information for US IPO, targets NYSE itemizing as “BLSH”
Bullish, a cryptocurrency alternate owned by Bullish World, has filed for an preliminary public providing (IPO) in the USA. The Cayman Islands-based agency plans to listing its strange shares on the New York Inventory Alternate (NYSE) below the ticker image “BLSH.”
The precise variety of shares to be supplied and the worth vary stay unspecified, in accordance to a Friday F-1 registration assertion filed with the US Securities and Alternate Fee (SEC). Nevertheless, the alternate has granted the underwriters a 30-day choice to buy extra shares.
For fiscal yr 2024, Bullish reported a web earnings of roughly $80 million. Nevertheless, regardless of this constructive full-year consequence, the corporate skilled a major downturn within the first quarter of 2025, reporting a web lack of $349 million in comparison with a $104.8 million web revenue in the identical quarter of 2024.
Moreover, the alternate claims over $1.9 billion in liquid belongings, together with money, Bitcoin (BTC), stablecoins and different digital belongings.
Bitcoin ‘pausing right here for air’ possible, however one other July ATH nonetheless potential
Bitcoin may very well be in for a short consolidation section after its latest surge to new all-time highs — however one other leg up earlier than the top of July isn’t off the desk, in keeping with Galaxy Digital’s head of franchise buying and selling, Michael Harvey.
“Consolidation round present costs is my base case given the big rally and new ATH,” Harvey advised Cointelegraph.
“I do anticipate BTC to pattern larger into the year-end, however pausing right here for air can be real looking,” Harvey mentioned, including:
“I believe one of the best case BTC worth into month finish is a continued sluggish melt-up.”
He defined that reaching new highs by the top of this month is one of the best case state of affairs and would require ongoing sturdy inflows into the US-based spot Bitcoin exchange-traded funds (ETF), continued accumulation by Bitcoin treasury corporations, and an aggressive enhance in retail demand.
Crypto execs middle stage as Trump indicators stablecoin invoice into regulation
US President Donald Trump signed one of many first payments associated to crypto and blockchain of his administration into regulation on Friday after delays as a result 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 regulation.
The president acknowledged the help 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.
“All the crypto neighborhood, for years, you have been mocked and dismissed and counted out, you have been counted out as little as a yr and a half in the past, however this signing is a large validation […] of your laborious work and your pioneering spirit,” mentioned Trump, studying ready remarks.
