News

The Graphic Truth: Crypto's annus horribilis

Crypto bros can't wait for 2022 to be over. The year kicked off with cryptocurrencies riding the wave of the global post-pandemic economic boom. But then Russia's war in Ukraine upended global markets and worsening inflation prompted central banks to start hiking rates, which slashed investors' appetite for risk. What's more, a string of scandals — mainly the collapses of the TerraUSD stable coin and the FTX crypto exchange — undermined overall trust in crypto, leading to the worst annual performance in the industry's history. We track how Bitcoin and Ethereum, which together accounts for more than half of global crypto transactions, have traded since the beginning of the year.

More For You

US President Donald Trump participates in an arrival ceremony at Beijing Capital International Airport during his visit to the country, in Beijing, China, on May 13, 2026.
REUTERS/Evan Vucci

Xi Jinping will welcome Donald Trump with lots of pomp and circumstance. The summit, though, will be short on substance.

- YouTube

Ian Bremmer breaks down the complicated reality inside Venezuela after Nicolás Maduro’s removal from power. While the Trump administration sees the operation as a major foreign policy victory, Ian argues the harder challenge is only beginning; turning Venezuela into a stable economy and a representative democracy.

Noam Bettan from Israel with the song "Michelle" are on stage at the 70th Eurovision Song Contest (ESC) during rehearsals for the first semi-final on May 12, 2026, in the Stadthalle.
Jens Büttner/dpa via Reuters Connect

Even Eurovision cannot escape geopolitics, South Africa’s constitutional court opens door to Ramaphosa impeachment vote, Zelensky’s former right-hand man accused in corruption probe