Clara Medalie News

Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool.

Bitcoin may be a relatively new technology. It can still follow some pretty old market maxims. Back in October postings on X, formerly known as Twitter, suggested that the U.S.

Bitcoin's price has risen strongly in recent weeks with the United States possibly set to allow a popular type of trading in the cryptocurrency that would further normalise the asset. A 30-percent jump since the end of August has been driven by speculation around the creation of a so-called exchange-traded fund for the asset, which would directly track the price of bitcoin. Spot bitcoin ETF would allow more of the general public to invest in the cryptocurrency without having to directly buy it. «Approval is now (a matter of) when, not if,» Charles Morris, founder of crypto analyst group ByteTree, told AFP.

Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. securities regulator stepped up its crackdown on the crypto sector. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdrawal channels as early as June 13, after the U.S. Securities and Exchange Commission asked a court to freeze its assets. Customers have until Tuesday to withdraw their funds. The development is the latest blow for the world's largest cryptocurrency exchange and raises questions about whether its U.S. operation can survive the SEC lawsuit, which alleges Binance manipulated its trading volumes and comingled customer assets, among other civil charges that it denies. «This is very serious for Binance.US,» said Clara Medalie, director of research at Kaiko, a digital asset data provider.

Blockchain infrastructure provider Paxos has recently published a report, that aims at helping the community look beyond the crypto winter and understand how to respond to the current market conditions. 

The two words on every crypto investor's lips right now are undoubtedly «crypto winter.»

The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend.

As Russia continues its invasion of neighbor Ukraine, the Russian markets are spiraling out of control, and an increasing share of the country’s population is seeking financial refuge in cryptoassets. This is reflected in the sky-high premiums for those who wish to exchange RUB into bitcoin (BTC) via peer-to-peer exchanges, as indicated by the latest market data.

Investors saw the crypto market factoring in the geopolitical tensions involving Ukraine and Russia into its cumulative capitalization.

The geopolitical tremors caused by Russia invading Ukraine are a test of whether cryptoassets have become as normalised as other investments.