Turkish authorities are trying to stop the crisis at several well-known asset managers from spreading across the wider financial sector. According to Sina Finance, police detained or imposed travel restrictions on several finance executives as an investigation into large fund outflows expanded this week. Police arrested Pusula Portfoy Chairman Muhammed Yariz and detained Hedef Holding Chairman Namik Kemal Gokalp, Destek Holding major shareholder Altunc Kumova, and Tera Portfoy Deputy CEO Ibrahim Bekci. Tera Holding Chairman Emre Tezmen was barred from leaving the country. Earlier on Thursday, regulators announced measures to curb market turmoil, including plans to liquidate about $20 billion in funds managed by firms such as Tera Portfoy. They also filed criminal cases and imposed trading bans on dozens of people over alleged stock manipulation. After a meeting chaired by Finance Minister Mehmet Simsek, regulators said the problem was “temporary and manageable.” Turkey’s central bank also announced measures to boost market liquidity and said it would take further action if needed. The benchmark index initially stabilized after three straight days of selling that had erased nearly 10%, while the banking index briefly jumped 9.4%. The BIST 100 closed up 3% on the day, but hundreds of smaller stocks outside the main index continued to plunge, with more than 100 falling close to the 10% daily limit. The turmoil has drawn attention to risks in Turkey’s fast-growing fund industry, where some managers had held relatively illiquid stocks. At the center of the episode is Tera Portfoy, an asset manager founded by Emre Tezmen that oversees about 730 billion lira in assets. Its flagship fund had a three-year cumulative return of more than 66,000%. Tezmen defended the firm on social media, saying only that some funds were experiencing temporary liquidity problems. He later said the company had been hit by a highly planned, deliberate, and organized speculative attack. The selloff began in August after regulators tightened rules on stock funds that concentrated bets in less liquid shares. That forced funds to sell holdings and triggered a rush by investors to withdraw money. Tera Portfoy and Pusula Portfoy Yonetimi AS funds recently said they could no longer meet client redemption requests. Turkey’s Capital Markets Board said on Thursday morning that it would liquidate more than 100 funds at Tera Portfoy, Pusula Portfoy, and five other asset managers. Funds at Tera Portfoy and Pusula Portfoy accounted for 74% of the total funds mentioned by the regulator. The regulator also announced trading bans for some fund managers at the two firms, citing alleged manipulation of Katilimevim, Gundogdu Gida, and Destek Finans Faktoring AS shares. Turkey’s central bank said it would add liquidity through one-week repo operations if necessary and adjust banks’ borrowing limits.

XRP trades near $1.29 after a sharp correction pushed its two-week Relative Strength Index to the lowest level in the token’s 13-year trading history. The extreme reading has fueled debate over whether XRP has finally found its cycle bottom, according to BeInCrypto, with analysts split between a potential rebound and a break toward deeper support.

Edel announced an expanded institutional push for its tokenized equity and commodity markets on Canton, led by board member Brad Klaas. The move comes as Wall Street institutions move assets onchain and assess what those assets can do once they arrive, according to BeInCrypto, with Edel also joining the DTC Digital Assets Solutions Industry Working Group on the DTCC Tokenization Service. The service is expected to launch in Q4 2026.

According to Wallstreetcn, UBS Chairman Colm Kelleher said he is willing to accept the latest compromise in the debate over capital requirements for Swiss lenders, which would allow banks to use a form of convertible debt to meet part of those requirements.

According to Wallstreetcn, U.K. 10-year gilt yields fell 7.4 basis points to 5.222% on Thursday (September 17), after the Bank of England kept its benchmark rate unchanged at 3.75% at 19:00 (UTC+8).

Artificial Inu (AI), an ecosystem token on Robinhood Chain, has pushed its market capitalization above $361 million and is trading at $361 million, up 31.68% over the past 24 hours. According to Odaily, AI was issued through Robinhood Chain ecosystem launch platform Long.xyz and is paired directly with tokenized Nvidia stock NVDA. Odaily also reminded users that meme coin prices can be highly volatile and urged investors to participate cautiously.

Polymarket’s “Natus Vincere” option in the Counter-Strike StarLadder StarSeries playoff match against Aurora Gaming fell sharply in the “match winner” submarket, dropping from 58.5% one hour earlier to 30%. According to ChainCatcher, the move reflected a 28.5 percentage-point swing and may have been affected by breaking news.

According to Wallstreetcn, Russian stocks extended losses on Thursday, with the Moscow Exchange Index closing at 2,248.87, down 1.6% after briefly falling to 2,236.4 and breaking below the 2,250 support level, while the RTS Index fell 2% to 838.3. Lenta and Mosenergo, which are set to be removed from the index on September 18, led declines with losses of 6.1% and 4.2%, while MTS, Lukoil and the Moscow Exchange fell 4.8%, 3.4% and 3%, respectively.

ZEC has just jumped from the fringes of the cryptocurrency world to become the seventh-largest cryptocurrency by market capitalization globally. What is the real driving force behind this?

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

Hong Kong's first five-year plan: Digital assets are not on the main table; the main theme is the foundation of RMB internationalization; encryption is a standard feature but not the main focus.

Warsh, Federal Reserve, "Hawkish Rate Hike" Warsh "Major Change" Golden Finance, Risks Clearly Lean Towards Interest Rates Remaining High for a Longer Period

Circle's growth is highly dependent on interest rates and distribution partners, and whether Arc can improve revenue retention remains to be seen.

Hong Kong’s first five-year plan shifts its policy focus to digital financial infrastructure, making the application scenarios for stablecoins a key competitive factor.

Can stock tokens become a viable investment opportunity? The author discusses his experience buying stocks on-chain and the policy risks of overseas derivatives in the A-share market.

Balancer, from AMM pioneer to being left behind by the times: Why did Balancer shut down? (Jinse Finance, From AMM pioneer to being left behind by the times)

Telegram groups targeting young people are allegedly becoming a recruitment ground for sabotage and violence, with cryptocurrency used to pay recruits willing to carry out attacks across Europe.

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