Bullish shares surge 14% as subscription revenue offsets digital asset slowdown

Bullish's second-quarter loss of $280 million was mostly attributable to a $244.6 million markdown on the company’s bitcoin holdings.

Bullish (BLSH) posted adjusted second-quarter EPS of $0.09, in line with analysts’ forecasts.
Subscription, services and other revenue reached a record $62.7 million, offsetting softer trading conditions as digital asset sales fell to $32.6 billion from $58.6 billion.
The company posted a net loss for the period, primarily due to a writedown on the value of its bitcoin holdings.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.