Bullish’s 2% Win: Crypto Dream or Mirage?

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In the shadow of Wall Street’s towering spires, the once-dreaming Bullish saw its stock rise, a mere 2%, yet it danced like a hopeful farmer after a meager harvest, for the numbers, though modest, outpaced the whispers of the analysts. 🐍💸

The exchange, with its ledger of $57 million, outshone the gloomy predictions of $55.75 million, while its earnings per share, a giddy 93 cents, left the skeptics scratching their heads. 📈

Net income? A roaring $108.3 million, a phoenix from the ashes of last year’s $116.4 million loss. A tale of two quarters, as if the crypto gods had finally leaned in to whisper, “You’re not dead yet.” 🦅

Bullish, once the belle of the crypto ball, joined the ranks of Circle, Gemini, and eToro, all vying for the spotlight in a market as fickle as a desert wind. 🌪️

Bullish adds to day’s gains with 2% after-hours bump

The shares, like a tired traveler, limped to $55.50 after hours, boosted by the earnings “beat.” A 2% bump, but in the world of crypto, even a step is a leap. 🚶♂️

Earlier, a 5.8% surge had the crowd cheering, thanks to a BitLicense, that golden ticket from New York. Now, the stock’s tale is one of peaks and valleys, a rollercoaster with no seatbelts. 🎢

Bullish debuted on the NYSE like a newborn, but its price has since wandered the wilderness, losing 20% from its $68 high. Yet, it still clings to a 47% gain from its $37 IPO-proof that even in chaos, hope persists. 🌱

Crypto sales soar, firm gives confident Q3 outlook

Crypto sales, like a wildfire, surged 18% to $58.6 billion, while trading volume, a beast of its own, leapt 35% to $179.6 billion. A feast, but the market’s appetite is fickle. 🍽️

CEO Tom Farley, ever the optimist, declared, “We’re excited!” as if the numbers were a symphony and the market, a captive audience. 🎻

For Q3, the firm forecasts adjusted EBIT between $25m and $28m, a modest climb, while trading volumes slow, like a sun-bleached horse. Bitcoin and Ether, once kings, now tread cautiously, their peaks a distant memory. 🐐

Bullish’s options trading, a “limited mobilization,” hints at a future where the wild west of crypto meets the rules of Wall Street. But for now, it’s all smoke and mirrors. 🕯️

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2025-09-18 09:22