According to @business, Turkish authorities banned a girl band for “indecent acts,” highlighting rising friction between youth and President Erdoğan’s long rule and signaling elevated domestic political risk that can sway local markets (source: Bloomberg). Turkey is among the world’s largest crypto markets by on-chain transaction volume, and periods of lira stress have coincided with increased crypto usage, heightening sensitivity of BTC and stablecoin flows to domestic headlines (source: Chainalysis 2024 Geography of Cryptocurrency Report). Turkey has experienced persistently high CPI inflation that has pressured the lira in recent years, a backdrop that Chainalysis links to elevated crypto adoption in the country, underscoring potential responsiveness of BTC-TRY and stablecoin activity to fresh political shocks (source: Turkish Statistical Institute; Chainalysis 2024 Geography of Cryptocurrency Report).

According to @dydxfoundation, the dYdX community has successfully passed a vote to add the Turkish Lira (TRY) token to the dYdX platform. This decision may open new trading opportunities and diversify the asset options available on the exchange.