Peter Thiel is doubling down on crypto in public markets. His backing of Bullish, the Cayman Islands-based digitalasset platform led by former New York Stock Exchange President Tom Farley, helped the company complete a $1.15 billion IPO last month, mostly settled in stablecoins on the Solana network: a US first. Coinbase will custody most of the proceeds, primarily in USDC, with a portion in EURC. Bullish priced its IPO at $37 per share, but the stock opened at $90 on the NYSE under the ticker