Crypto Updates: Fireblocks, Singapore Ransomware, Bitcoin ETFs
Summary:
Fireblocks Expands Services with Coinbase Partnership:
Fireblocks has partnered with Coinbase to offer institutional access to crypto spot and derivatives products via the Coinbase International Exchange. This integration targets institutional investors such as hedge funds and family offices, providing enhanced management and security for exchange operations. The service is available outside the United States.
Singapore Faces Akira Ransomware Threat:
Singaporean authorities have issued a warning about the Akira ransomware, which has previously stolen $42 million from over 250 organizations globally. Local businesses are advised to be cautious as the ransomware variant targets entities in Singapore. The FBI had earlier identified Akira’s focus on businesses and critical infrastructure.
U.S. Bitcoin ETFs See Massive Inflows:
Last week, U.S. Bitcoin ETFs bought 25,729 BTC, eight times the amount mined in the same period, marking the largest buying week since March. The ETFs recorded net inflows of $1.83 billion, although Bitcoin’s price remains influenced by broader economic and geopolitical factors.