Two journalists, Elif Bayburt and Nisa Suda Demirel, were detained in dawn raids in Istanbul as part of a crackdown on media workers covering protests against the arrest of opposition Mayor Ekrem Imamoglu. The Turkish government has also targeted political activists and trades’ unionists, leading to arrests and restrictions on opposition channels and journalists. The protests have resulted in nearly 1,900 arrests, with reports of unlawful detentions and police crackdowns on peaceful demonstrations, prompting concern from international observers and opposition politicians.
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The dangers of stablecoins
Donald Trump criticized Federal Reserve Chair Jay Powell, calling him “dumb” and a “moron,” while central bankers, including the Bank for International Settlements (BIS), defended Powell and criticized stablecoins as inferior substitutes for money. The BIS warned that choosing stablecoins could lead society to repeat historical mistakes related to unsound money, despite their rapid growth driven by their role in cryptoasset ecosystems and deficiencies in traditional payment systems. Need More Context? 🔎
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