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US Democrats target Iran war-linked prediction markets after $679 million in bets
US lawmakers are escalating efforts to restrict prediction markets after hundreds of millions of dollars were wagered on Iran-related military and political events. Several Democratic members of Congress are advancing bills to prohibit war and death-linked contracts and to bar senior officials from trading event derivatives, while the CFTC develops a new rulemaking framework. The clash is sharpening the divide between regulated US venues and offshore crypto platforms as institutional interest and trading volumes continue to grow.
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US-Israel conflict in Iran hits Strait of Hormuz and raises risk for Toyota, Hyundai and Chinese car exports
The US-Israel war in Iran is disrupting the Strait of Hormuz and increasing risk for Toyota, Hyundai, Chery, and other Chinese car brands in key Middle Eastern markets. An analysis from Bernstein highlights that these foreign automakers, which together hold about one‑third of the covered regional market, face shipment delays, higher logistics costs, and potential sales pressure as oil prices surge and traffic through the strait slows. China, which receives around 45% of its oil via this route, is engaging Iran over safe passage for energy cargoes while global automakers and investors monitor the fallout.
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Pakistan's Virtual Assets Act 2026 empowers PVARA to license and police crypto services
On March 6 2026, Pakistan's parliament approved the Virtual Assets Act 2026, creating the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee the country's digital asset sector. The law authorizes PVARA to license exchanges, custodians, wallet providers, token issuers, and lending platforms, with unlicensed activity facing fines up to PKR 50 million, separate penalties for unauthorized token offerings, and possible prison terms. The framework embeds AML and Sharia compliance requirements, follows earlier NOCs for major exchanges and a tokenization MOU with Binance, and is expected to influence regional regulators such as India.
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Curve Finance challenges PancakeSwap over StableSwap code use and licensing terms
Curve Finance has alleged that PancakeSwap's Infinity DEX integrated its StableSwap-style code without following the required licensing process and urged the exchange to seek formal collaboration. The dispute, which also raises broader cybersecurity and legal concerns in DeFi, comes after PancakeSwap Infinity launched in April 2025 on Arbitrum and BNB Chain and later expanded to Base with lower fees and new liquidity tools.
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CMC Markets Launches Blockchain Settlements via JPMorgan Kinexys on March 06, 2026
On March 06, 2026, CMC Markets began using JPMorgan's Kinexys platform to enable blockchain-based settlements and 24/7 payments. The system leverages Blockchain Deposit Accounts on the Base public blockchain and supports cross-border transfers in multiple currencies, while CMC's CEO reports the platform is already live and enhancing capital efficiency. This move positions the broker among the early retail adopters of bank-grade blockchain rails, potentially pressuring competitors to modernize their own settlement infrastructure.
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Trump demands Iran's unconditional surrender as March 2026 conflict fuels global energy shock
After one week of U.S.-Israeli military action against Iran, President Donald Trump on Friday rejected any diplomatic settlement short of Iran's "unconditional surrender" while Tehran dismissed calls for a ceasefire. The escalation has disrupted global energy markets, driven Brent and WTI prices sharply higher, and forced the closure of the Strait of Hormuz, leaving 147 container ships stranded and intensifying pressure on Europe's gas supplies.
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Binance Challenges Blumenthal's Claims and Highlights 1,500-Strong Compliance Team in 2025 Report
Binance issued a detailed reply to U.S. Senator Richard Blumenthal's February 24, 2026 letter, disputing media-based allegations about its sanctions and compliance practices and describing them as false and defamatory. The exchange emphasized a global compliance framework staffed by over 1,500 specialists using more than 25 monitoring tools, handling 71,000+ law enforcement requests in 2025 and helping seize over $752 million in illicit funds. It also reported a sharp reduction in exposure to wallets tied to illegal activity between early 2024 and mid-2025, while explaining actions against accounts linked to Hexa Whale and Blessed Trust.
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