Bullish, a crypto exchange backed by Peter Thiel, has increased its IPO target to a $1 billion valuation, marking a 60% rise from its previous goal. The exchange has secured backing from major financial institutions including JPMorgan, Jefferies, and Citigroup. In other news, Terraform Labs co-founder Do Kwon is reportedly considering a guilty plea in a U.S. fraud case related to the 2022 TerraUSD collapse, which resulted in a $40 billion loss. A change-of-plea hearing is scheduled for Tuesday. Additionally, OSL HK has become the first exchange in Hong Kong to receive approval for offering retail trading of Solana, marking a significant development in the region's crypto trading landscape.