Cryptocurrency firm Bullish confidentially files for US IPO, FT reports
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
43 minutes ago
- CNA
Micron expands US investments to $200 billion amid Trump's onshoring push
Memory chipmaker Micron Technology said on Thursday it is expanding its U.S. investments to about $200 billion, planning to dole out $150 billion for manufacturing amid President Donald Trump's push to onshore sprawling semiconductor supply chains. This marks an additional investment of $30 billion, beyond prior plans, Micron said, sending its shares down about 1 per cent in premarket trading. Micron now joins a litany of U.S. tech firms and chipmakers who have announced hundreds of billions of dollars in domestic investments against the backdrop of Trump's efforts to produce more semiconductors on American soil. AI chip leader and Micron customer Nvidia said in April it is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years with help from partners such as Taiwan's TSMC . Micron's additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding a manufacturing facility in Manassas, Virginia. "These investments are designed to allow Micron to meet expected market demand, maintain share and support Micron's goal of producing 40 per cent of its DRAM in the U.S," the company said, referring to a type of widely employed memory chip. Micron's investment aims to bring advanced packaging capabilities to the U.S.- a manufacturing technique essential to high bandwidth memory (HBM), which is employed extensively in the AI market, the company said. HBM is often characterized as a type of stacked DRAM technology. "Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from (the) Trump administration, is an important step forward for the AI ecosystem," Nvidia CEO Jensen Huang said in a statement.
Independent Singapore
2 hours ago
- Independent Singapore
Trump to world: 'Take it or leave it' as U.S. unleashes hardline trade ultimatums in global power play
Photo: Depositphotos/actionsports (for illustration purposes only) WASHINGTON, D.C.: President Donald Trump declared Wednesday that the U.S. will be issuing immutable trade offers to many nations soon, asserting a hard-hitting attitude in a continuing determination to restructure international trade on American terms. The move, anticipated within the next two weeks, signifies a sudden shift in U.S. trade negotiations as countries vigorously seek to evade castigatory tariffs and steer the fluctuating targets of Trump's trade schedule. 'At a certain point, we're just going to send letters out,' Trump said to reporters outside the Kennedy Centre in Washington. 'This is the deal—you can take it or leave it.' Flexibility meets finality According to the latest Axios report, while Trump's requirement indicates exigency and resolve, his comments, and those of Treasury Secretary Scott Bessent, imply that deadlines may remain elastic for countries making a deal 'in good faith.' Initially, a 90-day extension was established following the enforcement of global tariffs on April 2, with a fixed July 8 goal. But, on Wednesday, Trump said he'd be open to giving some latitude, though he toned down the probability of necessitating them. See also Selena Gomez aspires to be next Angelina Jolie or Oprah 'I would [extend], but I don't think we're going to have that necessity,' he said. Bessent resonated with that sentiment earlier in the day before the House Ways and Means Committee, signifying that a leeway was 'highly likely' for supportive and obliging nations. Nonetheless, the duality of fixed targets with possible compassion has left industries and overseas leaders ambiguous on how to react. Markets on edge The unpredictable messaging from the Trump government is already echoing through global markets. Investors, industries, and consumers remain nervous after months of trade pressures and tariff intimidation. Many are eager for distinct terms in the impending trade letters, cautious of the economic consequences if major trade allies discard the U.S. proposals. What's on the horizon? All eyes are on how convincingly the U.S. will carry out its relationships, and whether foreign administrations will agree to take the proposals or face risks and further economic tension.
Independent Singapore
2 hours ago
- Independent Singapore
Trump hails ‘great deal' with China: tariffs set, rare earths secured, students return
WASHINGTON, D.C.: President Donald Trump announced in a triumphant tone as he broadcast the newly issued arrangement, which he believed could reestablish a subtle ceasefire and reinstate the economic relationship between the two superpowers. 'We made a great deal with China. We're very happy with it,' Trump spoke to reporters ahead of a performance at the Kennedy Centre, revelling in an agreement he said would place both countries at an advantage. 'We have everything we need, and we're going to do very well with it. And hopefully they are too.' According to the latest Reuters report, the agreement, reached after rigorous discussions in London, launches a framework for new tariff structures and enlarges academic access for Chinese students in the U.S., while obtaining a consistent source of rare earth minerals, vital to U.S. technology and defence businesses. Trump shared initial specifics of the agreement through his social media platform, Truth Social, highlighting collaboration on major exports. 'Full magnets, and any necessary rare earths, will be supplied, up front, by China,' he wrote. 'Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!).' The transaction also sets secure and stable tariff terms. The U.S. will enforce an overall tariff rate of 55% on Chinese imports — a blend of pre-existing and new charges that echo what the White House depicted as 'reciprocal and punitive measures.' China, on the other hand, will impose just 10% tariffs on U.S. goods under the new agenda. Commerce Secretary Howard Lutnick dubbed the arrangement as adding 'meat on the bones' of an earlier deal reached in Geneva in May. According to Lutnick, the 55% U.S. tariff rate is fixed and will not be changed. Notwithstanding the festive tenor, several facets of the transaction remain ambiguous. Details about implementation, mechanisms for enforcement, and bigger economic repercussions are yet to be elucidated. One thing was clear-cut, though: the matter of artificial intelligence chip exports. Treasury Secretary Scott Bessent explained to lawmakers that the transaction does not comprise the lifting of U.S. restrictions on upscale AI chips in exchange for Chinese mineral supplies. 'There is no quid pro quo in terms of chips for rare earths,' Bessent attested before a Senate Appropriations subcommittee. As the two countries take vigilant steps away from economic skirmishes, questions remain over the sustainability of the delicate armistice. For the time being, both sides gave the impression of having struck a balance, and Trump, never one to understate a conquest, is already claiming victory.
