Opening Bell: Bullish IPO, Crypto Deals, and Market All-Time Highs on August 13, 2025

Bullish Celebrates IPO

• 🚀 Bullish, a company backed by Peter Thiel, is celebrating its IPO on the NASDAQ.
• 💡 Bullish originally attempted to go public via a SPAC in 2022.
• 📌 The company is noted for its ironic name in the current market climate.

Digital Coin Deal and Blockchain

• 💰 Alt 5 Sigma, a blockchain provider, has announced a $1.5 billion digital coin deal.
• 💬 This deal was previously discussed on Squawk yesterday.

Quantum Computing Threat to Crypto

• ⚠️ A significant risk to the crypto market is the potential emergence of quantum computing.
• ⚡ Quantum computers could potentially overrun the blockchain, though this is considered years away.
• ✅ Companies in the space state they are prepared to meet future challenges.

Market Performance and Capital Raises

• 📈 The market has seen 16 all-time highs this year, with 13 occurring in the last 6 weeks.
• 💸 There are numerous capital raises happening across the market.
• ⚠️ The speaker notes a shift from negativity towards positivity, cautioning that excessive belief could be detrimental.