Here’s what happened in crypto today

Bullish Files for IPO Registration with the SEC

Cayman Islands-based cryptocurrency exchange, Bullish, has submitted a filing for an initial public offering (IPO) in the United States. The company, owned by Bullish Global, aims to have its ordinary shares listed on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.” While the exact number of shares to be offered and the price range have not been disclosed, the exchange has given underwriters a 30-day option to purchase additional shares.

Bitcoin Could Consolidate Before New All-Time Highs

Following a surge to new all-time highs, Bitcoin may undergo a brief consolidation phase before potentially reaching new peaks by the end of July. Galaxy Digital’s head of franchise trading, Michael Harvey, anticipates a period of consolidation around current prices but remains optimistic about a potential upward trend towards the end of the year. Harvey emphasized the importance of strong inflows into US-based spot Bitcoin exchange-traded funds (ETFs), continued accumulation by Bitcoin treasury firms, and a surge in retail demand for Bitcoin to achieve new highs by the end of July.

US President Signs GENIUS Act into Law

US President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law on Friday, marking one of the first bills related to crypto and blockchain during his administration. The signing ceremony was attended by various cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson. Trump praised the crypto community for their perseverance and innovation, acknowledging their hard work and dedication leading up to the signing of the bill.