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In brief Kalshi is facing a lawsuit in California over its resolution of a market related to the former Iranian leader. The prediction market opted to utilize a rules provision called the “death carveout,” which effectively resolved and paid the market on its last traded price. Plaintiffs allege the market’s rules were not disclosed prominently enough and are seeking compensation for their positions. Popular prediction markets platform Kalshi is facing a class action lawsuit related to its handling of a market on the unseating of Iranian leader Ayatollah Ali Khamenei.  Filed in the District Court for the Central District of California,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Dogecoin price may be on the verge of its most historic rally yet, as a crypto market analyst has boldly forecasted an explosive rally to $10. Pointing to historical chart patterns, the analyst believes that if Dogecoin can perfectly repeat past cycle trends, a surge into double-digit territory seems highly probable.  Historical Dogecoin Price Pattern Points To $10 Target On Thursday, March 4, TheMoonHailey shared a bold Dogecoin price forecast on X, predicting a powerful climb to $10 from current levels below $0.1, based on recurring…

Washington lawmakers are moving on multiple fronts to curb the most politically toxic corners of prediction markets after millions of dollars flowed into bets tied to US-linked military action in Iran.Over the past week, several Democratic lawmakers have been pursuing multiple paths to rein in the fast-rising business.One effort, led by Rep. Mike Levin and Sen. Chris Murphy,  focuses on war-related contracts that critics say should never have been listed.Another, spearheaded by US Senators Jeff Merkley and Amy Klobuchar, would seek to bar elected officials and senior executive branch officials from trading event contracts altogether.The central tensions in these efforts…

In brief The Florida State Senate passed Senate Bill 314 unanimously on Friday, positioning Florida to join other states with local stablecoin regulations. Florida Governor Ron DeSantis plans to review the legislation in its final form once it’s “delivered to his desk,” a spokesperson told Decrypt. The bill folds stablecoins into Florida’s existing anti-money laundering laws by defining them as a form of “monetary value.” Florida moved closer to becoming the latest U.S. state to enact stablecoin rules at the local level, following the State Senate’s passage of Senate Bill 314 on Friday.Sam Armes, founder and President of the Florida…

In brief The U.S. lost 92,000 jobs in February, pushing unemployment to 4.4% and sending Bitcoin below $69,000. Bitcoin ETFs lost $228 million on Thursday, though one analyst says stability above $70,000 could signal a healthy reset. Investors are watching next week’s CPI, GDP, and jobs data for clues on inflation and the labor market. Bitcoin plunged below $70,000 on Friday, falling more than 5% over the last day as the U.S. lost 92,000 jobs in February and the unemployment rate inched up to 4.4%, according to the Bureau of Labor Statistics.U.S. Representative Darren Soto (D-FL) was quick to blame…

In brief Binance denied violating Iran sanctions with more than $1.7 billion in transactions in a new letter to Senator Blumenthal. The Senator opened an investigation into the firm following reporting that it had enabled $1.7 billion in transactions and 2,000 Iran-linked accounts on its platform. The exchange previously pleaded guilty to U.S. anti-money laundering laws and violating sanctions in 2023. Leading crypto exchange Binance denied violating Iranian sanctions compliance in a letter sent in reply to U.S. Senator Richard Blumenthal (D-Conn), who recently launched a probe into the firm following media reports on purported violations.Blumenthal’s probe followed a Wall…

Bitcoin’s brief rally above $73,000 during the past day has the feel of a price performance that could still fade, fast, noisy, and familiar to anyone who has watched bear-market rebounds fail.What is different this time is not the price print, but the growing alignment of signals pointing to a possible transition out of peak negative momentum.For context, Swissblock’s momentum framework showed that Bitcoin was climbing out of a deeply negative zone that has tended to appear near major transitions.According to the firm:“We’re exiting peak negative momentum, the kind of transition that often precedes a regime change. The key test…

In brief A Washington man has been jailed for two years for diverting $35 million in company funds to a DeFi platform he operated. Nevin Shetty was found guilty of wire fraud last November for secretly moving the funds to HighTower Treasury. Following the Terra collapse, the value of the funds crashed to near zero, with the impact on Shetty’s employer causing it to lay off 60 people. A Washington man has been sentenced to two years in prison after diverting $35 million in funds from his former employer to his own DeFi platform—and losing nearly all of it.Nevin Shetty,…

Blue Owl Capital’s OBDC II fund permanently halted redemptions in February. The firm replaced quarterly tenders with return-of-capital distributions funded by loan repayments and asset sales, committing to return roughly 30% of net asset value within 45 days.Blue Owl also announced plans to sell $1.4 billion of assets across three credit funds to generate cash and pay down debt.This isn’t a Blue Owl problem, but a private credit structure problem under stress at scale.Manager / vehicleWhat investors asked for (redemption pressure)What the fund did (gate vs raise cap)How cash was raisedWhat it signalsBlue Owl Capital — OBDC IIRedemption requests exceeded…

In brief Dubai’s virtual asset regulator, VARA, issued a cease and desist order to KuCoin saying that it is not licensed in the emirate. The regulator urged consumers and investors not to utilize the exchange as a result. Another crypto exchange, MEXC, also received a similar warning, though it didn’t contain the cease and desist language. Dubai’s digital asset regulatory body has ordered Kucoin Exchange EU Gmbh—operating as Kucoin—to cease and desist its operations in the emirate, according to a Friday announcement. The Virtual Assets Regulatory Authority (VARA) said that the cryptocurrency exchange does not hold a license to provide digital…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Spot Solana ETFs have pulled in roughly $1.45 billion since launching in July even as SOL fell 57% over the same stretch, a combination Bloomberg ETF analyst Eric Balchunas called “about as unlucky timing as you’ll ever see in ETFs.” For crypto markets, the takeaway is not just the headline flow number, but what it may say about the depth and quality of institutional demand. Spot Solana ETFs Beat Bitcoin ETFs Balchunas argued that the resilience of those inflows matters as much as their size. “Solana is…

President Donald Trump projected four to five weeks for the conflict with Iran to come to an end. The market priced its playbook: headline shock, brief spike, diplomatic theater, then normalization.That script worked in 2019 when drones hit Saudi Aramco facilities, and Brent jumped 15% only to surrender the entire gain within weeks. Traders bought the panic, sold the resolution, and moved on.Brent crude comparison chart shows the 2026 US-Israel-Iran conflict maintaining a 17% price surge through day six, diverging from the 2019 Aramco attack’s rapid reversal pattern.However, six days into the US/Israel-Iran escalation, Brent is at $85.49, up 17%…

In brief An account bearing George Cottrell’s name appeared to lose $550k on an Iran strike bet. An additional $125k loss was tied to a wager on Keir Starmer leaving office. Polymarket is not licensed to operate in the UK. An account on the prediction market Polymarket that appears to bear the name and birth year of British financier and Nigel Farage confidant George Cottrell lost more than $550,000 on bets about whether the U.S. would bomb Iran.The “GCottrell93” account wagered roughly $550,000 on the outcome “No” to the question “US strikes Iran by February 28, 2026?” according to Polymarket…

In brief Kazakhstan’s central bank could invest up to $350 million in crypto and related assets. The investments will comprise associated firms and financial products. The allocations could dovetail with Alatau City, a so-called smart city. Kazakhstan’s central bank has earmarked $350 million for investments in the crypto, with plans to deploy capital as early as next month, Reuters reported on Friday.“This includes not only cryptocurrency itself,” National Bank of Kazakhstan Governor Governor Timur Suleimenov reportedly said, while taking questions on the central bank’s latest interest rate decision. “We are currently developing ​a list of instruments in which we ⁠will…

Utexo, a startup building Bitcoin-native stablecoin settlement infrastructure, announced a $7.5 million seed round co-led by Tether, Big Brain Holdings, and Portal Ventures.  The round also included participation from Franklin Templeton, Maven11 Capital, Fulgur Ventures, Alchemy VC, Ethereal Ventures, Auros Ventures, Arcanum Capital, Paper Ventures, Axia8, FlowTraders, Plan B, Gate Ventures, Sats Ventures, and strategic angels including operators from Ledger, Hyperion, BTC Turk, Echo, Legion, and SOLV. The company was founded to address a longstanding gap in the cryptocurrency ecosystem: enabling USDT to settle natively on Bitcoin with robust, production-ready payment rails. Tether’s  CEO, Paolo Ardoino, said that Bitcoin has…