Bullish, run by former New York Stock Exchange (NYSE) President Tom Farley, has acquired crypto media company CoinDesk from Digital Currency Group (DCG).

The transaction amount is unknown.

CoinDesk will operate as an independent subsidiary of Bullish. The media will form an editorial committee chaired by former Wall Street Journal editor-in-chief Matt Murray.

Bullish is also one of the contenders for the FTX relaunch.

Previously, DCG's subsidiary Genesis went bankrupt. The company later shuttered its institutional trading arm TradeBlock and faced charges from the New York Attorney General's Office.

DCG is the parent company of Grayscale.

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