This episode is sponsored by, Chainalysis and FTX US.

On today’s episode of “The Breakdown,” NLW looks at the possible reasons for crypto’s recent rally and discusses the growing role of crypto in Russia and Ukraine related to refugee nonprofits and charities.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at