Bitcoin is falling. Binance wants to enter the Ukrainian market. Revolut has launched a crypto card. Payoneer has extended its partnership with Upwork and is considering the possibility of payments in stablecoins
Bitcoin’s crash triggered $500 million in liquidations
The price of Bitcoin fell below $75,000 on May 23, 2026. The decline began after the market failed to hold above $80,000. Amid Bitcoin’s drop, Ethereum, Solana, and other major cryptocurrencies also turned negative.
The outflow was triggered by the SEC’s (U.S. Securities and Exchange Commission) decision to postpone a proposal on stock tokenization. The initiative would have allowed crypto platforms to launch digital versions of stocks under less stringent rules. At the same time, holders of such tokens would still retain key shareholder rights. For example, they could receive dividends and participate in company voting.
As a result, traders liquidated long positions with leverage exceeding $500 million. The Crypto Fear and Greed Index fell to 28 points, indicating that cautious sentiment prevailed among investors.
Analysts warn of the risks of further declines. According to forecasts, Bitcoin needs to rise above the $78,300 level again to resume growth.
As of May 25, 2026, BTC is trading at $77,398, Ethereum at $2,118, and Solana at $86.38.
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Binance plans to enter the Ukrainian market after the crypto law is adopted
The Binance crypto exchange is considering a full-scale launch of its local service in Ukraine after the law on virtual assets comes into force. The bill has already passed its first reading, and its final adoption, along with additional regulatory rules, is expected by the end of the year.
Once Binance is fully launched in Ukraine, users will be able to open hryvnia accounts and cards, make payments within the country and abroad, and invest not only in cryptocurrencies but also in traditional assets, such as stocks and precious metals. However, the crypto exchange does not intend to obtain a banking license or provide traditional banking services like loans or deposits.
The company also stated that it wants to combine the main financial instruments of the crypto market into a single app: digital asset trading, futures (contracts to buy or sell an asset in the future), DeFi services (decentralized financial products), stablecoins, and international money transfers.
Moreover, Binance is considering working with domestic government bonds (OVGZ), provided that Ukrainian legislation and market infrastructure allow it.
Over the next two years, the company expects to attract up to 10 million users in Ukraine.
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Revolut has released a crypto card supporting Dogecoin
The Revolut neobank has unveiled its first physical crypto card supporting Dogecoin. With it, users will be able to pay for purchases with cryptocurrency at any store that accepts Visa and Mastercard.
The company launched the card in the style of Dogecoin meme culture. The card features a built-in LED light that illuminates during contactless payments. The main feature of the new product is the direct conversion of Dogecoin to fiat currency at the time of purchase. Revolut claims that the exchange occurs without additional fees within the limits of the selected pricing plan.
The crypto card is currently available to users in the UK and European Economic Area countries, though the service is not yet available in Switzerland, Hungary, and Portugal. The company also noted that the first batches of cards will be limited.
Along with the product launch, Revolut highlighted the risks associated with cryptocurrencies. The company noted the market’s high volatility, the threat of hacking attacks, and liquidity issues during sharp market movements.
Revolut specifically emphasized that government compensation programs do not cover crypto investments, as they are not considered regulated financial products.
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Payoneer and Upwork have extended their partnership for international payments to freelancers
Fintech company Payoneer announced the extension of its 15-year partnership with the Upwork platform. The companies will continue to jointly develop a system for international payments to freelancers worldwide.
Under the new agreement, Payoneer will remain one of Upwork’s primary partners for fund withdrawals. Platform users will continue to receive payments to e-wallets and directly to local bank accounts. The service will be available to clients in Africa, Asia, Europe, Latin America, and the Middle East.
The companies also plan to jointly test payments in stablecoins (cryptocurrencies pegged to traditional currencies). The solution is primarily aimed at freelancers in Latin America and other emerging markets, where fast and flexible international transfers are in high demand.
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