Visa reportedly in talks to acquire crypto custody firm Fireblocks for about $2.5 billion

Reports emerged that Visa is in talks to acquire crypto custody firm Fireblocks for approximately $2.5 billion, a move that could reshape stablecoin infrastructure and market valuations. However, Fireblocks has since denied these reports regarding the acquisition talks. This contradiction highlights ongoing valuation challenges within the crypto sector, which may potentially impact investor confidence and broader industry dynamics as the market reacts to the conflicting information regarding the potential deal between the two companies.