Bullish Exchange Eyes U.S. IPO with Valuation up to $4.23 Billion

Bullish, a Peter Thiel-backed crypto exchange, is pursuing a U.S. IPO targeting a $4.23 billion valuation. Riding momentum from the GENIUS Act, it aims to attract institutional investors and expand its regulated platform with support from Wall Street heavyweights.

Copper Futures Cool After Tariff-Driven Surge

Copper futures pulled back modestly from record highs after the sharp rally triggered by looming U.S. import tariffs. Prices jumped following President Trump’s announcement on July 9 of a 50% copper import tariff, set to take effect August 1.