Peter Thiel-backed crypto firm Bullish files for IPO with US SEC: Report
Peter Thiel-backed crypto exchange Bullish has confidentially filed for an IPO with the U.S. Securities and Exchange Commission in recent weeks, the Financial Times reported on Tuesday.
A unit of blockchain software company Block.one, Bullish had attempted to go public through a special purpose acquisition company deal in 2021 but that fell through in 2022 amid a regulatory crackdown and a sudden rise in interest rates that rattled the equities market.
The Trump administration, in contrast to predecessor Joe Biden's, has taken a softer stance on crypto regulation and backed the industry's policy priorities, with the SEC dropping several investigations.
Bullish is seeking to capitalise on renewed investor interest in digital assets under the current administration, the FT said.
Bullish did not immediately respond to a Reuters request for comment. Reuters could not immediately verify the FT report.
The company's reported filing follows that of Gemini's, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, which last week disclosed it had confidentially filed for a U.S. initial public offering.
Stablecoin issuer Circle's $1.05 billion initial public offering last Thursday could spur other large crypto players to follow suit as the industry benefits from Trump's embrace of the sector, according to experts and analysts.
Circle priced its shares at $31 on Wednesday. In a sign of investor demand, they opened on the New York Stock Exchange on Thursday at $69 apiece and closed at $83.23.
That trajectory is likely to encourage other crypto companies eyeing stock market debuts. Circle is the first major crypto company to go public since crypto exchange Coinbase listed on Nasdaq in 2021.
Circle issues stablecoin USDC, a cryptocurrency pegged to the US dollar and designed to maintain a constant value.
Crypto traders use stablecoins to move funds between tokens and proponents say they could be used to send and receive payments instantly.
Circle's IPO success demonstrates that there is pent-up demand in the public markets for crypto and other financial technology companies, said Dan Dolev, senior analyst at Mizuho.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
an hour ago
- NDTV
"Anything We Can Do, We Will Do": Trump On Ahmedabad Plane Crash
Washington DC: US President Donald Trump spoke about the tragic plane crash in India on Thursday, offering any support the United States can provide as investigations are under way to ascertain what the reasons were that led to the incident. "It was a horrible accident. Anything we can do, we will do," President Trump said at a press conference in Washington DC. An Air India Boeing 787-8 Dreamliner carrying 242 people crashed immediately after take-off from Ahmedabad airport this afternoon, in one of the worst-ever aviation tragedies in history. There were 232 passengers and 10 crew on the flight which was headed to London. 'LOOKED LIKE THE ENGINES MAYBE LOST POWER' "The plane crash was terrible. I've already told them that anything we can do, we will do (to help). India is a big country, a strong country, and they will handle it, I'm sure, but I let them know that anything the US can do, we'll be over immediately," President Trump said. "It was a horrific crash, and it looks like most are gone. We're hearing that there may be a couple of survivors. The crash was horrible and nobody knows what exactly happened. I gave them a couple of pointers, saying, 'maybe you'd want to look at this'. We saw the plane - it looked like it was flying pretty didn't look that there was any explosion (on board). Just looked like the engines maybe lost power, but boy, that was a terrible crash - looks like the worst in aviation history," he added. WORRY MOUNTS FOR BOEING Today's plane crash adds to American aviation company Boeing's concerns, since it is already facing global challenges following a series of safety and production challenges. Its new CEO has been trying to rebuild trust since he took over, but today's Dreamliner 787-8 crash, and the manner in which it went down has left Boeing without answers. For the time being, there is no clarity on what may have caused the crash. Air disasters can occur for a number of different reasons, and only an investigation will reveal what happened on the Ahmedabad-London flight. Boeing's stock price went down about 4.9 per cent shortly after the Dreamliner crash on Thursday. In a statement later in the day, Boeing said it was aware of the initial reports about the crash and was working to gather more information. Shares of Spirit AeroSystems, a key supplier, and GE Aerospace, which makes engines for the jet, also fell about 2 per cent each. According to news agency Reuters, the wide-body 787 planes, one of the most modern passenger aircraft in service, have never had a fatal crash until the Air India incident. They were grounded in 2013 due to battery issues, but no one was reported injured. Boeing's narrow-body 737 MAX jets, however, were grounded for years following two fatal crashes and have faced years of scrutiny and production delays. Last year, the American planemaker came under renewed scrutiny after a door plug blew off a 737 MAX 9 mid-flight, prompting a temporary grounding by US' aviation body and fresh concerns over quality control.
Time of India
an hour ago
- Time of India
Elon Musk's net worth sees massive increase of $191 million and it was sparked by just one sentence
Tech mogul Elon Musk's net worth saw a massive increase of $191 million, reaching $411.4 billion, shortly after he publicly expressed regret for his critical social media posts directed at President Donald Trump. This could be seen as a sign of recovering investor sentiment following his public apology over controversial tweets about Trump. In a post on Wednesday morning on X (formerly Twitter), Musk wrote: 'I regret some of my posts about President @realDonaldTrump last week. They went too far." The remarks of Elon Musk came amid escalating tensions and a political standoff between him and Trump over the 'big, beautiful bill'. The rift between Musk and Trump ignited when Musk openly criticised Trump's 'One Big Beautiful Bill' outlining the annual spending of the US government. The disagreement escalated, with Musk posting a series of harsh comments about Trump, some of which he later deleted. ALSO READ: Bombshell report claims major US government website likely to be shut down after almost all staff fired Elon Musk's net worth sees jump The Tesla CEO and richest man in the world claimed that Trump, who he endorsed for president and to whom he gave hundreds of millions of dollars in campaign contributions, was part of the files linked to Jeffrey Epstein. Epstein, the disgraced financier and convicted sex offender, killed himself in prison in 2019. Live Events However, Musk quickly backtracked this week, apologising and saying his posts against 'went too far'. Musk's apology also came ahead of a major product launch for Tesla next week. Signs of reconciliation emerged as early as Saturday, when Elon Musk deleted several of his most controversial posts about Donald Trump. In what looked like a clear effort to de-escalate an intensifying feud, Musk removed tweets from Thursday morning that criticized Trump. Among the deleted posts were ones linking Trump to the Epstein files, calling for his impeachment, and suggesting that JD Vance should take his place as President. ALSO READ: Trump's $45 million birthday parade set for weather hell and not even 'Golden Dome' could save it After Elon Musk issued a public apology, Donald Trump acknowledged the gesture and expressed his appreciation. The markets reacted quickly—Musk's net worth rose to $411.4 billion, with a $191 million increase following the apology, according to Forbes' real-time billionaire tracker. Reports indicate that Musk called Trump on Monday, ahead of his public remarks on Wednesday. White House Press Secretary Karoline Leavitt later confirmed that President Trump had seen the message and was "appreciative of it." In an interview, Trump added, "I thought it was very nice that he did that." Trump calls Elon Musk 'a friend' Trump referred to Elon Musk as 'a friend of mine' Thursday — but added that his former 'first buddy' got 'strange' last week when they traded attacks. Trump spoke about Musk, the world's richest man and CEO of Tesla and SpaceX, while signing legislation overriding California emissions rules that promote electric vehicles. ALSO READ: Kamala Harris vote dispute: Trump's 2024 election win is under lens. Will it overturn his presidency? 'I like Tesla,' Trump said during a riff on how would-be car buyers should have choices, moments before recounting his relationship with Musk. Musk was 'very honest' in his equivocal stance on EV mandates, said the president, who added that the former Department of Government Efficiency figure 'got a little bit strange … over much smaller things than that,' the president said. Musk lashed out at Trump after the president withdrew the nomination of Musk's personal friend Jared Isaacman to lead NASA.
Time of India
an hour ago
- Time of India
Micron raises US chip investment to $200 billion, adds new Idaho plant, aims to capture 10% global share with Trump backing
US semiconductor giant Micron Technology on Thursday announced it is expanding its domestic investment to $200 billion, supported by the Trump administration, in a major push to strengthen America's chip manufacturing and supply chain resilience. The revised plan includes an additional $30 billion over previous commitments and features the construction of a second cutting-edge memory chip fabrication facility in Boise, Idaho. The Idaho-based firm said the broader investment will allocate $150 billion for manufacturing and $50 billion for R&D over the coming years, generating an estimated 90,000 direct and indirect jobs across several US states, AFP reported. The move aligns with the Trump administration's push to secure large-scale investments from technology firms and revive US industrial capacity. Trump has repeatedly urged companies to expand domestic manufacturing and has warned of steep tariffs on imports to spur local production. Micron's announcement also includes modernization of its existing plant in Manassas, Virginia, and the addition of end-to-end High Bandwidth Memory (HBM) manufacturing in the US—critical to national defense and AI applications. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo The investment drew praise from major US tech leaders. Nvidia CEO Jensen Huang called it 'an important step forward for the AI ecosystem,' while Apple's Tim Cook said it was 'another great example of American manufacturing leadership.' Micron aims to raise the US share of global memory chip production from near zero to 10% over the next decade. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
