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What's happening in the industry? (36)
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BIST 100 opens the week up 1.42%
Borsa Istanbul's BIST 100 closed at 12,443.92 on October 5, led by banks and telecoms, with eyes on this week's inflation data.
Read News · Finance 3 min readWeak US jobs data shifts rate bets, bitcoin back above $86,000
The US added 29,000 jobs in September against 90,000 expected. As rate-hike bets faded, bitcoin rose 2.1% back above $86,000.
Read News · Finance 3 min readTurkish inflation falls below 30% for the first time in 57 months
Consumer prices rose 1.84% in September and 29.73% year on year, the first reading below 30% since November 2021. The rent increase cap stands at 31.49%.
Read News · Payments 1 min readBIST 100 falls 2.79%, drops below 12,000
The selloff triggered by the fund investigation continued on Wednesday. The index lost 343 points to close at 11,947.
Read News · Payments 1 min readWeak US data cuts rate-hike bets, bitcoin steadies
With consumer confidence at its lowest since 2014, odds of an October Fed hike fell from 71% to 52%. Bitcoin trades around $83,600.
Read News · Finance 1 min readBitget raises its hack loss estimate to $387.5 million
The amount stolen from crypto exchange Bitget's hot wallets rose to $387.5 million once missed assets were counted. Withdrawals restart on September 28.
Read News · Finance 1 min readBIST 100 falls 2.74% and breaks below 13,000
Borsa Istanbul closed at 12,888 on fund-market worries and rising US bond yields. Every sector index fell.
Read News · Finance 1 min readOctober rate hike bets pull crypto lower
Futures now put the odds of another Fed hike in October at 73-75%. Bitcoin opened September 24 down 2.1%.
Read News · Finance 1 min readThe Fed proposes stablecoin rules under the GENIUS Act
The Fed opened reserve, capital and application rules for stablecoins issued by banks it supervises to public comment. Comments run for 60 days.
Read News · Finance 1 min readThe US weighs pushing dollar stablecoins abroad
Bloomberg reports the Trump administration is weighing public-private stablecoin ventures to support the dollar's reserve role and demand for Treasuries.
Read News · Finance 1 min readNYSE signs Blockchain.com for tokenised stocks
The memorandum aims to give Blockchain.com's 44 million accounts access to tokenised US stocks and ETFs on a planned NYSE digital platform.
Read News · Finance 1 min readWhy Tether skipped an EU licence: the 60% bank rule
Tether CEO Paolo Ardoino said the company chose not to seek a MiCA licence for USDT because of a rule to hold 60% of reserves in banks.
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