Financial Times: Crypto company Bullish has secretly submitted an IPO application

ChainCatcher news, according to the Financial Times, the crypto company Bullish Global, backed by former PayPal CEO Peter Thiel, has secretly submitted an IPO application.

Bullish attempted to go public via SPAC in 2021 but failed due to a deteriorating market environment. This new push for an IPO comes as the U.S. crypto market is recovering, with the Trump administration showing a pro-crypto stance and market demand for digital asset investments warming up.