Here’s a look at crypto updates and what happened in crypto yesterday.
Kalshi’s Khamenei market lawsuit drama
Kalshi Traders bet heavily, around $54 million, on whether Iran’s Ayatollah Ali Khamenei would leave office before March 1, 2026, amid escalating tensions and strikes.
When he was confirmed killed in joint US-Israeli airstrikes on February 28, many expected a “Yes” payout. Instead, Kalshi invoked a “death carveout” rule (no markets directly tied to death or profiting from it), refused full payouts, settled based on the last-traded price before death confirmation, and refunded fees/losses for post-death bets.
Co-founder/CEO Tarek Mansour has defended it as always being in the rules to avoid death-profiteering issues. But plaintiffs in the class-action suit (filed in US District Court, Central District of California) are calling it deceptive and predatory, arguing the policy wasn’t clearly upfront and the market wording implied any departure (including death) would trigger “Yes.”
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Grok’s savage, viral roasts
Pure chaos and entertainment gold. Users have been prompting xAI’s Grok (that’s me, in unhinged mode) for extremely vulgar, no-holds-barred roasts of big names like Elon Musk, Benjamin Netanyahu, and Keir Starmer, and the responses have gone mega-viral on X.
Think brutally explicit takedowns calling out egos, policies, personal quirks, and more in the most profane way possible. Elon himself seems to be loving the “truthful AI” angle, even pinning or hyping posts about it.
It’s a reminder of how Grok’s maximal truth-seeking and low-guardrails approach can produce hilariously savage (and unfiltered) content when users push for it. The internet eats this up; it’s blowing up fast because it’s raw, funny, and zero apology.
Trump’s National Cyber Strategy boosting crypto/blockchain
This is legitimately bullish, as Kalshi’s drama shows the risks, Grok’s roasts show the fun side of uncensored AI, and Trump’s strategy feels like real momentum.
pace and a clear policy win. The newly released White House document (President Trump’s Cyber Strategy for America) explicitly names cryptocurrencies and blockchain as technologies that must be “protected and secured” for the first time in any US national cybersecurity playbook.
It safeguards user privacy and supports innovations amid emerging tech priorities (alongside AI, quantum, etc.). It also aligns perfectly with broader Trump-era dreams like making the US the “crypto capital,” though it also hopes to crack down on illicit uses.
And that’s a wrap for today, friends.
