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Bullish Posts $280M Quarterly Loss, Yet Adjusted Revenue Surges 62%
Blockchain

Bullish Posts $280M Quarterly Loss, Yet Adjusted Revenue Surges 62%

Peter Thiel-backed crypto exchange Bullish released its Q2 earnings, revealing a net loss of $280 million as core digital asset sales fell 44%—yet adjusted revenue bucked the trend with 62% growth.

SEC Delays Tokenized Exchange Exemption Again, Bullish and Coinbase Slide in Tandem
Blockchain

SEC Delays Tokenized Exchange Exemption Again, Bullish and Coinbase Slide in Tandem

The SEC abruptly canceled a meeting on crypto asset issuance rules and pushed back its long-awaited "innovation exemption," sending Bullish tumbling 8% and Uniswap's UNI leading declines on the CoinDesk 20 Index, even as bitcoin and U.S. stock indexes stayed nearly flat on the same day.