Bullish Stock Surges 200% on Launch, Driving Investor Interest

TheCryptoTimesPubblicato 2025-08-04Pubblicato ultima volta 2025-08-13

Crypto exchange Bullish (NYSE: BLSH) made a dramatic market debut on Tuesday, skyrocketing 200% and triggering intense investor interest. The stock opened at $90, far above its IPO price of $37, per Yahoo Finance data. 

Bullish (Blsh) Price Chart
Bullish (BLSH) | Source: Yahoo Finance

By 2:24:26 PM EDT, it had surged 200%, briefly touching $118 before settling near $92.60. There was a lot of trading during the launch with 37,818,511 shares being traded. 

Investors bid up the stock during the pre-IPO process, encouraged by a favorable U.S. regulatory climate. “Bullish came out with an attractive initial valuation, and investors responded by aggressively bidding it up,” noted Jeff Zell of IPO Boutique.

Regulatory Wins and Market Position

Recent regulatory victories under a pro-crypto White House fueled demand. Besides, ETF inflows and corporate treasury adoption boosted the broader crypto sector, sending bitcoin to record highs. 

Bullish President Chris Tyrer confirmed the company is close to securing New York’s “BitLicense,” a key permit for operating in the state. Strict KYC, AML, and capital compliance are required for this license.

Additionally, the business intends to turn a sizable amount of IPO proceeds into stablecoins, a sector that is flourishing as a result of the Genius Act. Bullish, backed by Peter Thiel, focuses on institutional clients and sets itself up for steady, recurring revenue rather than volatile volumes driven by retail.

An Uncommon Listing in the Crypto Industry

Alongside Coinbase, Bullish’s IPO makes it one of the few cryptocurrency exchanges listed in the United States. Founded in 2020, it targets professional investors, especially as new policies may allow alternative investments in retirement accounts. 

CEO Tom Farley, former NYSE president, brings leadership credibility to a sector still overcoming trust issues. “That kind of leadership experience can be a differentiator,” said Michael Hall of Nickel Digital Asset Management.

The bullish opening shows institutional cryptocurrency adoption accelerating. Hence, the company may just be at the forefront of the next wave in digital-asset growth.

Also Read: Coinbase, Squads Protocol Push USDC Growth on Solana

Letture associate

Bearish Clouds Gather as $2.13B in Bitcoin and Ethereum Options Expire

The cryptocurrency market faced a key event on July 3 as $2.13 billion in Bitcoin and Ethereum options expired. Data revealed a defensive sentiment, especially for Ethereum, where a high put-call ratio of 1.29 indicated traders were hedging against further price drops. Bitcoin's put-call ratio was 0.70. Market positioning was concentrated near key levels of $60,000 for Bitcoin and $1,700 for Ethereum. While Bitcoin briefly reclaimed the $60,000 level, analysts remain uncertain if this signals a sustained recovery. Broader market trends, including traditional finance and tokenized stocks, are also influencing sentiment. The options data suggests traders are cautious and preparing for continued volatility rather than a major bullish move. At the time of reporting, Bitcoin traded near $61,932 and Ethereum around $1,738, both with significant liquidations over the preceding 24 hours.

TheNewsCrypto19 min fa

Bearish Clouds Gather as $2.13B in Bitcoin and Ethereum Options Expire

TheNewsCrypto19 min fa

DeepSeek's New Technology Ported to Apple Silicon, Mac Local LLM Accelerated by 60%

DeepSeek's newly open-sourced DSpark inference acceleration technology has been ported to Apple Silicon, yielding significant speedups for running large language models locally on Macs. The port, called mlx-dspark, was developed by engineer Abdur Rahim and supports models like Gemma-4 12B and Qwen3-4B. DSpark uses speculative decoding, where a smaller "draft" model proposes candidate tokens which are then verified in a batch by the target model. Rahim adapted this approach for Apple's MLX framework, implementing 4-bit quantization for the draft model. On an M4 Pro Mac, this resulted in generation speeds increasing by approximately 1.6x for Gemma-4 12B (to ~30 tok/s) and 1.4x for Qwen3-4B (to ~73 tok/s). Crucially, the port maintains bitwise identical output to the original models, including support for temperature sampling, not just greedy decoding. The project also integrated DFlash, an alternative block-based speculative decoding method from z-lab. Benchmarks show DFlash excels in predictable contexts like code/math tasks (achieving ~2.1x speedup), while DSpark's Markov head provides better performance for open-ended chat. The latest mlx-dspark version allows users to switch between these methods. The work demonstrates efficient, high-fidelity local LLM inference on consumer Apple hardware.

marsbit34 min fa

DeepSeek's New Technology Ported to Apple Silicon, Mac Local LLM Accelerated by 60%

marsbit34 min fa

Hot Takes｜Why Did the Famous "Tech Lead" Dump All His Bitcoin? The "Investment Whiz Kid" is Here!

**Weekly Spicy Review: Tech Lead's Bitcoin Bust, Reddit Meme, and Trump's Crypto Cash** This week's "Spicy Review" covers three notable incidents from the crypto world. **1. A Tech Lead Learns the Hard Way:** A former Google and Meta technical lead, Patrick Shyu, went viral after revealing he was forced to liquidate all his Bitcoin holdings. He suffered massive losses due to excessive leverage during Bitcoin's sharp decline from $120k to $60k. He shared critical observations: crypto trading often hinges on attention, not fundamentals; Bitcoin lacks a stable source of public focus; the AI boom is diverting capital; and Bitcoin faces structural risks like centralization of code maintenance and quantum computing threats. Despite his short-term exit, he remains a long-term believer. **2. Reddit Roasts the "Investment Whiz":** A popular meme on Reddit's CryptoCurrency subreddit depicted MicroStrategy's Michael Saylor looking down from a balcony. The caption joked about his relentless focus on buying Bitcoin with corporate funds, contrasting with average investors' mundane concerns. The post sparked humorous commentary on his high-risk, high-conviction strategy. **3. Trump's $1.4 Billion Crypto Haul:** The White House's financial disclosure revealed former President Donald Trump earned at least $1.4 billion from cryptocurrency activities in a year, contributing to a total income of over $2.2 billion. This windfall stands in stark contrast to the performance of "TrumpCoin" (officially DJT), which plummeted over 97% from its peak, reportedly causing investor losses exceeding $2 billion. Critics, like California Governor Gavin Newsom, accused Trump of profiting while his supporters suffered losses. The week highlighted a mix of painful lessons learned from leverage, community humor at industry figures, and the stark realities of political figures capitalizing on the crypto market.

Foresight News49 min fa

Hot Takes｜Why Did the Famous "Tech Lead" Dump All His Bitcoin? The "Investment Whiz Kid" is Here!

Foresight News49 min fa

From SpaceX to trade invoices: Here’s how tokenization is changing how the world moves money

Tokenization is reshaping global finance by enabling real-time, seamless movement of assets, much like instant messaging. While traditional markets involve delays—like waiting for stock settlement—tokenized assets on blockchains allow trading anytime, settle in seconds, and increase accessibility through fractional ownership. The trend gained momentum with SpaceX's landmark IPO, as platforms began offering tokenized exposure to major equities. Beyond stocks, private credit, real estate, and commodities are moving on-chain, representing trillions in value. Scaling tokenization requires infrastructure with predictable fees, deterministic settlement, and regulatory compliance—capabilities offered by networks like XDC Network, which has processed over $1.1 billion in tokenized assets. Projections suggest the tokenized asset market could reach $18.9 trillion to $30 trillion by the mid-2030s, driven by regulatory support in regions like Brazil, the EU, and the U.S. The focus has shifted from whether tokenization is permitted to how quickly it can scale, underpinned by years of behind-the-scenes infrastructure development that will define the next decade of finance.

ambcrypto54 min fa

From SpaceX to trade invoices: Here’s how tokenization is changing how the world moves money

ambcrypto54 min fa

Bitcoin miner Riot’s 500 BTC transfer sparks sell-off fears – Correction possible IF…

Riot Platforms transferred 500 BTC (approx. $30.7M) to NYDIG Custody, sparking sell-off speculation. However, this movement alone does not confirm a sale, as it could be routine treasury management. The company's Bitcoin reserves have decreased from 19,368 BTC at the end of 2025 to 15,680 BTC, following sales earlier in 2026. This trend is mirrored by other major miners like Hut 8, Mara Holdings, and Core Scientific, who have also reduced their BTC holdings. The article links these reserve adjustments to changing mining dynamics in 2026. After a profitable late-2025 period, Bitcoin's price drop from over $120,000 to around $65,000, combined with high network hashrate and mining difficulty, created a financial squeeze. This has led to less efficient miners shutting down equipment and financially stable firms actively managing their Bitcoin reserves rather than simply holding them. The overall network hashrate has declined from its peak, putting constant pressure on mining profitability.

ambcrypto1 h fa

Bitcoin miner Riot’s 500 BTC transfer sparks sell-off fears – Correction possible IF…

ambcrypto1 h fa

Trading

Spot
活动图片