stoking

After a surge in Border Patrol activity in North Carolina’s largest city over the weekend, including dozens of arrests, Gov. Josh Stein said the effort is “stoking fear,” not making Charlotte safer.

The Trump administration has made the Democratic city of about 950,000 people its latest target for an immigration enforcement surge it says will combat crime, despite fierce objections from local leaders and downtrending crime rates. Charlotte residents reported encounters with federal immigration agents near churches, apartment complexes and stores.

“We’ve seen masked, heavily armed agents in paramilitary garb driving unmarked cars, targeting American citizens based on their skin color, racially profiling, and picking up random people in parking lots and off of our sidewalks,” Stein said in a video statement late Sunday. “This is not making us safer. It’s stoking fear and dividing our community.”

Stein acknowledged that it was a stressful time, but he called on residents to stay peaceful. If people see something wrong, he said they should record it and report it to local law enforcement.

The Department of Homeland Security, which oversees CBP, has said it was focusing on North Carolina because of so-called sanctuary policies, which limit cooperation between local authorities and immigration agents.

Several county jails house immigrant arrestees and honor detainers, which allow jails to hold detainees for immigration officers to pick them up. But Mecklenburg County, where Charlotte is located, does not. Also, the city’s police department does not help with immigration enforcement. DHS alleged that about 1,400 detainers across North Carolina had not been honored, putting the public at risk.

Gregory Bovino, who led hundreds of U.S. Customs and Border Protection agents in a similar effort in Chicago, documented some of the more than 80 arrests he said agents had made in social media posts on Sunday. He posted pictures of people the Trump administration commonly dubs “criminal illegal aliens,” meaning people living in the U.S. without legal permission who allegedly have criminal records. That included one of a man with an alleged history of drunk driving convictions.

The activity has prompted fear and questions, including where detainees would be held, how long the operation would last and what agents’ tactics — criticized elsewhere as aggressive and racist — would look like in North Carolina.

However, some welcomed the effort, including Mecklenburg County Republican Party Chairman Kyle Kirby, who said in a post Saturday that the county GOP “stands with the rule of law — and with every Charlottean’s safety first.”

Bovino’s operations in Chicago and Los Angeles triggered lawsuits over the use of force, including widespread deployment of chemical agents. Democratic leaders in both cities accused agents of inflaming community tensions. Federal agents fatally shot one suburban Chicago man during a traffic stop.

Bovino, head of a Border Patrol sector in El Centro, California, and other Trump administration officials have called their tactics appropriate for growing threats on agents.

Tareen, Witte and Dale write for the Associated Press. Tareen and Dale reported from Chicago. Witte reported from Annapolis, Md.

As companies focused on buying bitcoin and major cryptocurrencies face challenges from market oversaturation and negative sentiment, new players are exploring less popular, riskier tokens, raising concerns about volatility. Following U. S. President Donald Trump’s supportive stance on cryptocurrencies and the success of Michael Saylor’s investment strategy, the number of public companies investing in cryptocurrencies has surged. By September, there were over 200 digital asset treasury (DAT) companies, primarily invested in bitcoin, with a total value of around $150 billion, tripling from the previous year according to DLA Piper.

Many new companies, often penny stocks looking for profit increases, are emerging daily. As bitcoin prices decline, these companies are turning to more volatile tokens to enhance returns, with firms like Greenlane, OceanPal, and Tharimmune announcing plans to invest in assets such as BERA, NEAR, and Canton Coin. This shift indicates a growing connection between the cryptocurrency market and traditional sectors, which could pose risks for investors. Moody’s analyst Cristiano Ventricelli warns that the move toward less stable cryptocurrencies could lead to higher risks, especially when markets decline.

Since April, many DAT companies have raised funds for token purchases through private placements (PIPEs), selling shares to private investors at discounted prices. Between April and November, more than 40 DATs collectively raised over $15 billion through these PIPEs, with only a handful focusing on bitcoin. Bitcoin itself saw its first monthly loss since 2018 in October. Notable crypto investors involved in these deals include Winklevoss Capital and Kraken. While some institutional investors can directly buy tokens, DATs provide regulated exposure to cryptocurrencies for more cautious investors. However, reliance on PIPEs can cause stock price fluctuations, particularly during market downturns.

This vulnerability was highlighted on October 10, when tensions between the U. S. and China caused market declines, leading to significant drops in share prices for companies like BitMine and Forward Industries. Peter Chung from Presto Research noted that while initial hype around DATs has decreased, there is potential for a rebound. Some companies, such as OceanPal, are promoting their token acquisitions for their technological advantages, while Greenlane chose not to comment.

Earlier this year, many DAT companies traded at higher prices than their crypto holdings, as investors believed they could leverage credit for more purchases. However, as bitcoin prices have diminished and competition from similar strategies has risen, some companies are struggling, with at least 15 trading below their assets’ net value. Retail investors incurred losses of about $17 billion from investments in these companies, while others face pressure to repurchase shares to support stock prices.

Overall, DATs hold 4% of all bitcoin, 3.1% of all ether, and 0.8% of all solana, which could significantly influence coin values. Analysts project further consolidation in the sector. Company executives emphasize the importance of making prudent investment choices to ensure long-term success. Companies like SUI Group are also diversifying by launching stablecoins to boost shareholder value, warning that merely acquiring tokens without strategic actions could lead to failures in the long run.

With information from Reuters

Tigray was the centre of a devastating two-year war that pitted the TPLF against Ethiopia’s federal army.

Ethiopia’s Afar region has accused forces from neighbouring Tigray of crossing into its territory, seizing several villages and attacking civilians, in what it called a breach of the 2022 peace deal that ended the war in northern Ethiopia.

Between 2020 and 2022, Tigray was the centre of a devastating two-year war that pitted the Tigray People’s Liberation Front (TPLF) against Ethiopia’s federal army and left at least 600,000 people dead, according to the African Union.

In a statement released late on Wednesday, Afar authorities said TPLF fighters “entered Afar territory by force today”.

The group, which governs the Tigray region, was accused of “controlling six villages and bombing civilians with mortars”. Officials did not provide details on casualties.

“The TPLF learns nothing from its mistakes,” the Afar administration said, condemning what it described as “acts of terror”.

The conflict earlier this decade also spread into neighbouring Ethiopian regions, including Afar, whose forces fought alongside federal troops.

According to Afar’s latest statement, Tigrayan forces attacked the Megale district in the northwest of the region “with heavy weapons fire on civilian herders”.

The authorities warned that if the TPLF “does not immediately cease its actions, the Afar Regional Administration will assume its defensive duty to protect itself against any external attack”.

The renewed fighting, they said, “openly destroys the Pretoria peace agreement”, referring to the deal signed in November 2022 between Ethiopia’s federal government and Tigrayan leaders, which ended two years of bloodshed.

While the fragile peace had largely held, tensions between Addis Ababa and the TPLF have deepened in recent months. The party, which dominated Ethiopian politics from 1991 to 2018, was officially removed from the country’s list of political parties in May amid internal divisions and growing mistrust from the federal government.

Federal officials have also accused the TPLF of re-establishing ties with neighbouring Eritrea, a country with a long and uneasy history with Ethiopia. Eritrea, once an Italian colony and later an Ethiopian province, fought a bloody independence war before gaining statehood in 1993.

A subsequent border war between the two nations from 1998 to 2000 killed tens of thousands. When Prime Minister Abiy Ahmed came to power in 2018, he signed a landmark peace deal with Eritrea, but relations have soured again since the end of the Tigray conflict.