Bullish, a cryptocurrency exchange, terminated a $9bn SPAC merger with Far Peak Acquisition, a special purposes acquisition company. PIPE investors included EFM Asset Management, BlackRock, Cryptology Asset Group, Galaxy Digital and SB Northstar. "Our quest to become a public company is taking longer than expected, but we respect the SEC's ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accounting complexities," Brendan Blumer, Bullish CEO.