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Binance’s USDT pair with Turkish lira sees largest amplitude since 2024 after key Erdogan rival detained

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Binance’s USDT/TRY trading pair saw its highest volatility since April 2024 after Istanbul Mayor Ekrem Imamoglu, a key rival to President Tayyip Erdogan, was arrested. Turkey’s arrest of Istanbul Mayor Ekrem İmamoğlu, a key political figure, and potential 2028 presidential candidate, sent shockwaves through the country’s markets — sparking a sharp drop in the lira … Read more

Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

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Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.  Hakan Akgun | Getty Images The Turkish lira fell to a record low against the dollar and the country’s benchmark stock index dropped by … Read more

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