Go Boldly! On July 9th Block.one announced to the world that Bullish would be going public on the New York Stock Exchange via a merger with Far Peak Acquisition Corporation. The 9 billion dollar Bullish valuation includes 164,000 bitcoin, 20 million EOS tokens and $600 million in net cash upon completion of the Bullish merger. A private pilot program will be run in the coming weeks, ahead of the public launch expected later in 2021. The CEO of Bullish, Thomas W. Farley, is well respected in the business world having served as the CEO of the New York Stock Exchange in 2013, as its president from 2014 to 2018, and then as CEO of Far Peak Acquisition Corporation.
The Bullish Twitter account sprung into action by publishing a series of 7 tweets presenting their official press release and an exciting 18 minute video that features Bullish CEO Thomas Farley and Bullish Chairman Brendan Blumer explaining their vision for the next-generation Bullish exchange, including spicy quotes such as:
“Bullish’s real-time portfolio balancing tools, deep predictable liquidity, and industry-leading security and compliance represent a new breed of exchange design and can redefine how investors trade and manage digital assets.” – Brendan Blumer
“With the increased interest from institutional players and sophisticated traders, it is critical to iterate on the existing exchange infrastructures we see today.” – Thomas Farley
The Bullish Twitter account also highlighted exposure of the announcement in the business mainstream media, which included articles in the Financial Times, CNBC, Reuters, Bloomberg Crypto, and a video clip from Cheddar News.
A few days later, Brendan Blumer took to Twitter to clarify the relationship between Bullish and EOS, stating that:
“Bullish is a robust stack that uses the best technology for each purpose. We use EOS to cross hash cryptographic proof of all financial movements on the platform. It would be prohibitively expensive to do this on a low throughput chain.” – Brendan Blumer
What is Bullish? Those who want to learn more about the strategic vision and innovative hybrid liquidity pools that will be available on the platform are invited to read the Bullish Investor Presentation that was also released on July 9th. In short, Bullish is powered by liquidity pools that are optimized to generate yield and aims to combine the best of central order books and DeFi exchanges in a way that will benefit asset holders, enable traders, and increase market integrity. It’s time to get bullish!
Block.one also took the opportunity to rebrand their Twitter account, changing it from @block_one_ to @EOSIO and creating a new Block.one Twitter account called @B1. The newly renamed @EOSIO account then confirmed that Bullish will leverage EOSIO and EOS in their powerful technology stack to “securely execute and immutably record all financial movements of the platform. Cryptographic proof of this audit trail will be cross-hashed to the EOS public blockchain to facilitate externally verifiable state integrity – a first for exchange design.”
The new B1 Twitter account introduced itself and invited the world to follow along to see what they’re investing in while also stating that they “believe in empowering creators and communities through strategic capital allocation and pioneering business ventures.”
One such recent investment is part of the $7.5M in seed financing that was awarded to Chintai where Kevin Rose, Senior VP at B1 stated that they’re excited to work with Chintai towards their shared vision of a blockchain-enabled digital asset revolution built on regulated financial services.
B1 capped off the week with the release of EOSIO 2.2, which focuses on supporting an enhanced developer experience.