Bullish Files For IPO
Bullish has confidentially filed paperwork for an IPO with the SEC in recent weeks according to the Financial Times. We first covered the potential IPO back in February when rumors about it were flying. Details about the IPO are still light, but the company joins the roster of other exchanges (Kraken, Gemini) looking to get public ASAP. Read more →
30% of bitcoin’s supply is held by centralized entities
A new report from Gemini and Glassnode explores the impact of the Strategic Bitcoin Reserve on the broader bitcoin ecosystem. Some really interesting stats and charts but perhaps the most impactful is that over 30% of bitcoin’s circulating supply is now held by just 216 centralized entities. Read more →
Ethereum ETFs tie their longest inflow streak
Ethereum ETFs are on a run. As of market close Wednesday, the ETFs have successfully tied their longest inflow streak of 18 days with more than $1.3 billion funneling into the funds. While the price of ETH is still more than 40% off of its ATHs, a new report makes the case for why it won’t stay low for long. Read more →
