[Bullish CEO: Crypto Industry to Witness Large-Scale Consolidation] According to Cointelegraph, Bullish CEO Tom Farley stated in an interview with CNBC that the cryptocurrency industry may see a trend of more projects being acquired by large companies, potentially leading to a more unified landscape in the coming months. Farley believes that industry consolidation should have occurred one or two years ago, but overly high valuations sustained a false sense of optimism. Many companies will come to realize that 'they don’t have a business, only a product.'