Gate News Bot news, on July 29, according to CoinMarketCap data, as of the time of writing, BANANAS31 (Banana For Scale) is currently priced at 0.0083 USD, with a rise of 30.48% in the last 24 hours, peaking at 0.011 USD and dropping to a low of 0.0062 USD, with a 24-hour volume of 293 million USD. The current market capitalization is approximately 83.4 million USD, an increase of 19.5 million USD compared to yesterday. Banana For Scale is a full-stack quasi-autonomous agent protocol, where quasi-autonomous agents driven by decentralized RLAIF, cross-agent economy, and meta-learning self-organize into dynamic collectives, aiming to redefine human-machine collaboration and evolve into an emerging task-specialized society. The protocol establishes a framework that enables anyone to deploy quasi-autonomous AI agents that are

Trump's plan to fire the chairman of the Federal Reserve may lead to capital flowing into assets like Bitcoin. After Turkish President Erdogan fired the central bank governor, the central bank's intervention caused the currency to collapse, leading to capital flowing into BTC. The dollar index has fallen by 10% and has dropped to 98. If Powell is fired, it may further drive the adoption of assets like Bitcoin.

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Gate.TR has officially listed Creator Bid (BID) and an exclusive limited-time reward event is here! Register, deposit, and trade BID now to share a 150,000 TRY prize pool! Event Period: 2025.04.07 - 2025.04.14 (UTC)

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To enhance effective liquidity and trading experience in the market, Gate.io will adjust the minimum price precision (the minimum value of unit price rise and fall changes) for multiple trading pairs on April 2, 2025, at 16:00 (UTC+80. Note: When adjusting price precision, existing orders will not be canceled. After updating the price precision, the system will still match orders in the matching system based on the original order price precision. | Trading Market | Trading Pair | Price Precision Before Adjustment | Price Precision After Adjustment | |----------|----------------|----------------|----------------| | USDT | SSNC_USDT | 5 | 7

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On April 17, the Turkish lira rose after the Turkish central bank raised the policy rate to 46.0% from the previous 42.5%. It also raised the overnight rate from 46.0% to 49% and the overnight rate from 41.0% to 44.5%. Turkey's central bank said it expects monthly inflation in core goods to rise slightly in April due to recent developments in financial markets. The arrest in March of Turkish President Recep Tayyip Erdogan's rival Ekrim Imamoglu led to a sharp sell-off in Turkish assets, including the lira, before Turkey's decision to raise interest rates.

To enhance the effective Liquidity and trading experience in the market, Gate.io will adjust the minimum price precision (the minimum value of unit price rise and fall changes) for multiple trading pairs on April 11, 2025, at 16:00 (UTC+80. | Trading Market | Trading Pair | Price Precision Before Adjustment | Price Precision After Adjustment | |----------|------------------|----------------|----------------| | USDT | UNI5S_USDT | 5 | 6 | | | ETH5L_USDT | 5

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Analysts at Deutsche Bank point out that the Turkish Lira faces continued falling pressure, and policymakers may intervene to maintain the exchange rate floor. He warned that losses in forex reserves are unsustainable, believing that the Lira may continue to depreciate amid ongoing political turmoil or after rivals are detained.

We are very grateful for your trust and support for Gate.TR. Now we are launching a registration gift and transaction gift activity. You only need to deposit and trade to get rewards. Event Duration: March 6, 2025 – April 5, 2025 (UTC)

We are very grateful for your trust and support for Gate.TR. Now we are launching a registration gift and transaction gift activity. You only need to deposit and trade to get rewards. Event Duration: March 6, 2025 – April 5, 2025 (UTC)

In order to enhance effective Liquidity in the market and improve the trading experience, Gate.io will adjust the minimum price precision (the minimum value of unit price rise and fall) for multiple trading pairs on April 11, 2025, at 16:00 (UTC+8). | Trading Market | Trading Pair | Price Precision Before Adjustment | Price Precision After Adjustment | |----------|------------------|----------------|----------------| | USDT | UNI5S_USDT | 5 | 6 | | | ETH5L_USDT | 5

SKALE (SKL) trading commenced on Gate TR on February 28, 2025 UTC. SKALE is an open source Web3 platform by the Node Foundation aiming to enhance blockchain speed and flexibility. Collaboration with SKALE Labs and other entities underpins network evolution.

To enhance the effective liquidity and trading experience in the market, Gate.io will adjust the minimum price precision (the minimum value for unit price rise and fall changes) of several trading pairs on April 2, 2025, at 16:00 (UTC+80. Note: When the price accuracy is adjusted, the original order will not be cancelled. After the price accuracy is updated, the system will still match in the matching system according to the original order price accuracy. | Trading Market | Trading Pair | Price Precision Before Adjustment | Price Precision After Adjustment | |----------|----------------|----------------|----------------| | USDT | SSNC_USDT | 5 | 7

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On March 19, Jin Shi Data reported that Taborski from ING stated that after the arrest of Turkish President Erdogan's main rival, the Turkish lira is facing further decline. Taborski noted that the lira has the most carry trade positions among emerging market currencies, and significant fluctuations could lead to further capital outflows. However, "we should see local banks provide some forex support." Erdogan has long held an unorthodox view that high interest rates exacerbate Inflation.

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Golden Finance reports that the Turkish lira has fallen 10% against the US dollar, dropping below the 40 mark and setting a new historical low.

The Turkish lira has depreciated to a record low, the stock market fell and triggered a circuit breaker, and the president's rival was detained. Erdogan is trying to adjust Turkey's position and influence its trading partners. In the future, attention should be paid to the redefinition of Turkey's economic goals and its position in the global economy.

On March 19, Jinshi Data reported that the Turkish Lira quickly fell against the US Dollar to an exchange rate of 37.05.

On March 19, Jinshi Data reported that Turkey's benchmark stock index fell, triggering the circuit breaker mechanism. The exchange rate of the Turkish Lira against the US dollar fell to 36.85, continuing to hit a historic low. Earlier reports indicated that Turkey's President Erdogan's main rival was detained.

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Gate.TR warmly welcomes you! We have prepared exclusive rewards for new users. Complete registration, KYC, and your first deposit and trade to enjoy a fast, secure, and simple trading experience. Each user can win up to 300 TRY! Click the button below to sign up and participate! Event

To enhance effective liquidity and trading experience in the market, Gate.io will adjust the minimum price precision (the minimum value of unit price rise and fall) for multiple trading pairs on April 2, 2025, at 16:00 (UTC+80. Note: When adjusting price precision, existing orders will not be canceled. After the price precision is updated, the system will still match orders in the matching system according to the original order price precision. | Trading Market | Trading Pair | Price Precision Before Adjustment | Price Precision After Adjustment | |----------|----------------|----------------|----------------| | USDT | SSNC_USDT | 5 | 7

Analysts at Deutsche Bank have stated that if protests are sparked by the detention of Turkish President Erdogan's rival, Imamoglu, and political uncertainty continues, the Turkish lira may weaken, leading to negative international impacts. The lira is expected to continue depreciating, increasing inflation, and Deutsche Bank has raised its USD/TRY exchange rate forecast to 42.0 and 46.0.

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Jin10 reported on March 21 that the Central Bank of Turkey stated it will issue liquidity bills with a maturity of no more than 91 days to support the Turkish lira, with the liquidity bill auction starting on March 24.

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