Binance News: High Volatility in USDT/TRY Pair Amid Political Turmoil in Turkey

In a significant development, political turmoil in Turkey has led to heightened volatility in the cryptocurrency market, particularly affecting Binance’s USDT/TRY trading pair.

Erdogan Rival’s Detention Causes High Volatility in Binance’s USDT/TRY Pair

The detention of Istanbul Mayor Ekrem Imamoglu, a key rival to President Tayyip Erdogan, caused significant market volatility in Turkey. The lira took a sharp nosedive, hitting a new all-time low, and Binance’s USDT/TRY trading pair saw wild price swings, spiking 6.4% in volatility, the highest level since April 2024. This event sparked a rush into crypto as investors sought alternative assets.

Pi Network Launches 2FA and Prepares for Market Volatility

Pi Network has launched a 2-Factor Authentication (2FA) feature to protect users’ assets and verify migration wallets. On March 13th, 2025, this security upgrade aims to strengthen security and ensure a smooth migration to the Mainnet blockchain. Additionally, 97,000 Pi tokens ($110.3M) are set to be unlocked in March, indicating a continuous increase in market volatility. A major crypto X account has also urged followers to push for Pi Coin’s listing on Binance, emphasizing that major exchanges rely on user demand.