The biggest protests in more than a decade have erupted across Turkey following the arrest of Ekrem Imamoglu, the mayor of Istanbul and main rival of president Recep Tayyip Erdogan, on corruption charges. Erdogan, who has ruled Turkey for 22 years with limited checks on his authority, faces a potential challenge from Imamoglu, whose popularity could lead to a democratic transfer of power. The situation poses economic and political risks, with a currency sell-off and concerns about autocracy, as Erdogan navigates internal and external pressures to maintain control.
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Why Altcoins Were Flopping on Friday
On a forgettable Friday, the equities market's decline and concerns over global trade led investors to steer clear of cryptocurrencies, with few showing any positive movement. Ethereum (CRYPTO: ETH) fell nearly 3%, while other notable declines included Solana (CRYPTO: SOL) at 4%, Chainlink (CRYPTO: LINK) at almost 7%, and Dogecoin (CRYPTO: DOGE) dropping over 8%. The ongoing trade war, marked by tariffs from the Trump administration, continued to fuel fears among crypto investors about its...
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