#BullishIPO

On August 12, following Coinbase, the second cryptocurrency exchange will officially land on the New York Stock Exchange - Bullish plans to raise approximately $990 million through an initial public offering.

On the surface, this is just another routine appearance of the crypto industry. In the past six months, the impressive IPO performances of companies like Circle and Figma, and Coinbase's inclusion in the S&P 500 have opened up the appetite of the U.S. stock market for crypto companies.

Bullish's debut seems to be a continuation of this trend, perhaps even the most ostentatious one yet; this exchange, with $3 billion in assets on its balance sheet, has not only received strong support from top investors like Peter Thiel, Alan Howard, and SoftBank but has also acquired the crypto media giant CoinDesk, firmly grasping the industry's most powerful 'microphone,' with its CEO Tom Farley having previously served as chairman of the New York Stock Exchange.

The strong background and aura make investor demand for Bullish's IPO 'especially strong,' leading Bullish to raise its fundraising scale from $629 million to $990 million on the eve of the IPO.

However, beneath Bullish's glamorous resume lies a past capable of stirring memories in the crypto community, including the fate of the massive financing, the rift between the community and capital, and an abandoned public chain - EOS.

Li Xiaolai, the 'preacher' of EOS, once wrote on August 10, 2018, in his Moments, 'Let's take a look at EOS in seven years,' and ironically, seven years later, the community sees not the growth of EOS but the glory of Bullish ringing the bell - a company with no relation to EOS.