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Prediction Market Kalshi Sued Over Khamenei Trade Carveout

A federal class-action suit targets prediction platform Kalshi, accusing the company of failing to clearly disclose a death carveout tied to a market that forecast the fate of Iran’s former supreme leader. The case centers on the “Ali Khamenei out as Supreme Leader” market, which was halted after the death of Ayatollah Ali Khamenei was confirmed, leaving won bets unsettled in a way the plaintiffs say was not anticipated by users. The plaintiffs contend that the death carveout policy was never incorporated into the user-facing rules summary and was not presented in a way that would alert a reasonable consumer. Kalshi’s co-founder has acknowledged that earlier disclosures were grammatically ambiguous, though the company maintains it did not profit from such markets. The lawsuit also highlights disputes over payouts and reimbursements to traders who were affected. Key takeaways The class-action alleges Kalshi concealed a death carveout in a major political market and failed to disclose ...
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STRC Stock Surge: How Much Bitcoin Can Saylor Buy?

Michael Saylor’s Strategy, linked to MSTR (EXCHANGE: MSTR), continues to funnel capital into Bitcoin (CRYPTO: BTC) via its STRC (EXCHANGE: STRC) stock program, with the potential for further purchases in the coming weeks. The publicly traded vehicle has built a BTC position that some estimates place near $50 billion across its corporate footprint—an all-time high among listed entities. STRC, launched in July 2025 as an income-focused preferred stock, powers an ATM-like mechanism designed to fund incremental BTC buys as demand for yield supports its price and par value. Investors will be watching the next SEC filing, due March 9, for signs of whether another wave of BTC acquisitions is materializing as Bitcoin trades against macro headwinds. Key takeaways STRC (EXCHANGE: STRC) launched in July 2025 as an income-focused preferred stock to raise capital for Strategy’s Bitcoin accumulation plan and later expanded with an at-the-market program. In January 2026, STRC sold about 1.19 mill...
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FL Senate Passes State Stablecoin Bill, DeSantis' Signature Pending

Florida advanced a state-level framework for regulating payment stablecoins, moving SB 314 to Governor DeSantis’ desk for final approval. The bill, which passed the Florida Senate unanimously, would introduce consumer protections and financial oversight for stablecoin issuers operating within the state, aligning with a broader federal trend toward clearer rules for digital assets. The development comes as Florida looks to codify safeguards around payments and digital holdings while contemplating broader crypto exposure in public portfolios. The signing window is anticipated to run roughly a month, per statements from stakeholders involved in the process. Key takeaways SB 314 cleared the Florida Senate with unanimous support and is headed to Governor DeSantis for signature, with a public timeline suggesting approval within about 30 days. The package amends Florida’s money-laundering framework to explicitly cover stablecoins, requiring issuers to comply with applicable regulations an...
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Kalshi, Polymarket chase $20B valuations in fundraising: WSJ

Two prediction-market platforms are pursuing high-value fundraising rounds that could place Kalshi and Polymarket at roughly $20 billion each, according to people familiar with the matter cited by the Wall Street Journal. The discussions, still in their early stages, may not culminate in a deal or reach that lofty valuation. Kalshi operates as a US-regulated exchange offering markets tied to sports, politics, the economy, and cultural events. The company was valued at about $11 billion after a $1 billion funding round in December, with investors including Paradigm and Sequoia Capital. Polymarket, founded in 2020, aims to roll out a regulated domestic version of its platform later this year, after a reported valuation around $9 billion in October following an investment of up to $2 billion by Intercontinental Exchange, the owner of the New York Stock Exchange. The discussions come as lawmakers and regulators scrutinize prediction markets amid a surge of interest in crypto-adjacent finan...
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USDC tops Tether as stablecoin transfers hit all-time high $1.8T

Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a robust appetite for dollar-pegged liquidity across chains. Within that, USDC accounted for roughly 70% of stablecoin activity, while USDt handled about $514 billion in transfers. The divergence—USDC’s dominance in flow despite a smaller market cap—illustrates how on-chain dynamics can outpace headline market-size metrics. The backdrop includes Circle reporting strong Q4 2025 earnings tied to rapid USDC business growth and expanded payments operations, alongside broader regulatory chatter shaping stablecoin frameworks. Key takeaways February set a monthly record for stablecoin transfer volume at $1.8 trillion, according to Allium data. USDC comprised roughly 70% of all stablecoin transfer volu...
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Bitcoin Dip May Continue as Retail Buys Under $70K, Santiment Says

Bitcoin has shown renewed volatility as buyers and sellers clash at key levels. Retail participants have been loading up after the price dipped below $70,000, while larger holders have been trimming positions. Over a period spanning Feb. 23 to Mar. 3, Bitcoin traded roughly between $62,900 and $69,600, underscoring the tug-of-war between accumulation by smaller wallets and profit-taking by whales. The latest moves come as the market tries to discern whether the correction is over or if another leg lower lies ahead, particularly after a brief rally that pushed the price toward $74,000 before retreating. Key takeaways Retail demand increased as Bitcoin failed to sustain a break above $70,000, while large holders began to reduce their exposure after a sharp rally past $74,000. Whales, defined as wallets holding 10–10,000 BTC, reportedly accumulated heavily in late February into early March when the price moved in the $62,900–$69,600 range. From the Wednesday peak, these whales offlo...
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Trump's National Cyber Strategy Backs Crypto and Blockchain

The US administration released its National Cyber Strategy on Friday, signaling that crypto and blockchain technologies are now explicitly targeted for protection and secure integration within the nation’s digital infrastructure. Industry executives say the emphasis could shape policy levers ranging from funding for security research to potential enforcement actions. The six-page document frames the crypto ecosystem not only as a financial frontier but as a critical layer in national security, calling for secure supply chains and privacy protections from design to deployment. As crypto firms digest the implications, questions linger about how the administration will balance innovation with controls on privacy tools, mixers, and unregulated off-ramps. Among the bold lines, the strategy states a commitment to “build secure technologies and supply chains that protect user privacy from design to deployment, including supporting the security of cryptocurrencies and blockchain technologies.”...
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