Decentral Block Post

Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.

According to the announcement, 25% of the protocol’s net fees will be dedicated to monthly buybacks of its native dYdX (DYDX) token on the open market.

Following the announcement, DYDX surged over 10% and was trading at about $0.731 at the time of writing, according to CoinGecko. The token has gained more than 21% over the past two weeks.

DYDX spikes on buyback news. Source: CoinGecko

Related: dYdX explores sale of derivatives trading arm

Stablecoin payment platform Infini filed a Hong Kong lawsuit against a developer and several unidentified individuals suspected of involvement in a hack that drained nearly $50 million in crypto assets.

On March 24, the Infini team sent an onchain message to the attacker, citing developer Chen Shanxuan and three unidentified persons with access to wallets involved in the exploit as defendants in the lawsuit. 

Infini said that the 49.5 million USDC (USDC) traced from the plaintiff’s funds are subject to an ongoing legal dispute and are contentious in nature. “Any subsequent holders of the said crypto assets (if any) once held in those wallets that they cannot claim the status of bona fide purchases without notice of the dispute,” Infini stated. 

The Hong Kong court sent an injunction order through an onchain message, a method to send legal notices to anonymous crypto wallets containing stolen funds. It also included a writ of summons that required the defendants to attend the return date hearing. 

Infini offered a 20% bounty to hacker

Following the $50 million hack on Feb. 24, Infini offered a 20% bounty to the hackers responsible for the attack. 

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21.

Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the biggest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue.

US-based spot Bitcoin ETF net flows get back on track. Source: SoSoValue

Five funds contributed to the inflows, with the bulk coming from BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $537.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $136.5 million.

The renewed inflows come after a bearish period for both the crypto market and the broader global economy, marked by growing concerns over escalating trade tensions and rising recession concerns.

Learn-to-earn platform Dohrnii Labs filed a police report in the United Arab Emirates accusing local crypto exchange Blynex of liquidating its tokens without authorization and failing to deliver a promised loan. 

According to a statement shared with Cointelegraph, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens — valued at more than $500,000 — with Blynex. On March 23, the company said it used 8,650 of those tokens as collateral for a 30-day loan in exchange for 80,000 of Tether’s USDt (USDT).

Dohrnii claims the exchange never delivered the USDT. Furthermore, the team said Blynex liquidated its entire 8,650 DHN position on Uniswap, receiving 149,151 USDT and causing a drop in the token’s market value. 

Attempts to withdraw the remaining 4,000 DHN tokens were unsuccessful, the company said.

Source: Dohrnii Labs

Dubai-based crypto market maker and investor DWF Labs launched a $250 million Liquid Fund to accelerate the growth of mid- and large-cap blockchain projects and drive real-world adoption of Web3 technologies.

DWF Labs is set to sign two investment deals worth $25 million and $10 million as part of the fund.

The initiative aims to grow the crypto landscape by offering strategic investments ranging from $10 million to $50 million for projects that have the potential to drive real-world adoption, according to a March 24 announcement shared with Cointelegraph.

Source: DWF Labs

The fund will focus on blockchain projects with significant “usability and discoverability,” according to Andrei Grachev, managing partner of DWF Labs.

Bitcoin heads into the end of Q1 near two-week highs as trader sentiment diverges from improving technicals.

Bitcoin (BTC) market participants are positioned for a fresh BTC price dip, which could even form new multimonth lows.

PCE week coincides with the last full trading week of March, and risk assets are showing a hint of optimism.

When it comes to BTC price strength, RSI is increasingly demanding bullish continuation.

Bitcoin’s short-term holders are under pressure amid serious unrealized losses.

Key takeawaysTo generate crypto market insights via ChatGPT, collect accurate historical and real-time data on prices, trading volumes and market capitalization.Organize data into clear formats, such as tables with consistent date formats and labeled columns, to help ChatGPT identify patterns and trends.Use precise and focused prompts to guide ChatGPT in generating actionable insights, enhancing the relevance and clarity of its responses.Cross-check ChatGPT’s outputs with up-to-date information from reputable sources before making trading decisions to account for potential inaccuracies.

Predicting crypto market trends can feel like navigating a storm — unpredictable and fast-changing. Prices can spike or crash unexpectedly due to investor sentiment, regulatory changes or sudden events such as exchange hacks. For traders, staying ahead means finding reliable ways to analyze these movements and make informed decisions.

This is where ChatGPT can help. 

By analyzing historical data and recognizing patterns, ChatGPT offers insights that can support better decision-making. But for AI tools to deliver meaningful results, especially when using ChatGPT for crypto investments, it’s essential to follow the right process. Combining well-structured data, clear prompts and effective risk management can improve the accuracy and usefulness of its insights.

This article explores practical ways of how to use ChatGPT for crypto market analysis — from collecting and organizing data to crafting effective prompts that help the model generate actionable insights.

How to harness ChatGPT for crypto market analysis

While predicting crypto trends will always have its challenges, using data-driven insights with ChatGPT can make market behavior easier to understand. With the right strategy, ChatGPT becomes a powerful tool to identify patterns, highlight emerging trends, and support smarter trading decisions.

An idea to tokenize or track US gold reserves to make their movements transparent on a blockchain won’t work in the same trustless way as Bitcoin does, but doing so could help the cryptocurrency, says a research analyst.

Greg Cipolaro, global head of research at New York Digital Investment Group (NYDIG), said in a March 21 note that Trump administration officials, including Elon Musk, have floated using a blockchain to track US gold and government spending — an idea supported by crypto executives.

“Here’s the thing about blockchains. They’re not very smart,” Cipolaro said. “They’re limited in the information they convey. For example, Bitcoin has no idea what the price of Bitcoin is or even the current time.”

He said the tokenization or tracking of gold reserves on a blockchain could help with audits and transparency but would still “rely on trust and coordination with central entities” compared to Bitcoin, which “was designed to explicitly remove centralized entities.”

Cipolaro added that tokenization and blockchain-tracking ideas aren’t competitive with the crypto market and might help to increase awareness of it, which “could ultimately benefit Bitcoin.”

The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list.

In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging the protocol helped launder crypto stolen by North Korean hacking crew the Lazarus Group, leading to a number of Tornado Cash users filing a lawsuit against the regulator. 

After a court ruling in favor of Tornado Cash, the US Treasury dropped the mixer from its sanctions list on March 21, along with several dozen Tornado-affiliated smart contract addresses from the Specially Designated Nationals (SDN) list, and has now argued “this matter is now moot.”

Because Tornado Cash has been dropped from the sanctions list, the US Treasury Department argues there is no need for a final court judgment in the lawsuit. Source: Paul Grewal

“Because this court, like all federal courts, has a continuing obligation to satisfy itself that it possesses Article III jurisdiction over the case, briefing on mootness is warranted,” the US Treasury said. 

Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to a crypto analyst.

“Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” 10x Research’s founder Markus Thielen said in a March 23 report.

The Federal Reserve signaled in its March 18-19 meeting that it would also “look past short-term inflationary pressures, laying the groundwork for potential future easing,” Thielen added.

“Powell’s mildly dovish tone suggests that the Fed's put remains intact, providing further support for a recovery in stock prices.”

10x Research’s Bitcoin reversal indicators have turned bullish as a result, with Bitcoin’s (BTC) 21-day moving average now at $85,200, Thielen noted.

Bitcoin’s bottoming formations over the last two years. Source: 10x Research

The UK should begin taxing crypto purchases in a bid to sway Britons to invest in local stocks, which could boost the country’s economy, says the chair of investment bank Cavendish, Lisa Gordon.

“It should terrify all of us that over half of under-45s own crypto and no equities,” Gordon told The Times in a March 23 report. “I would love to see stamp duty cut on equities and applied to crypto.”

Currently, the UK lumps a 0.5% tax on shares listed on the London Stock Exchange, the country’s largest securities market, which brings in around 3 billion British pounds ($3.9 billion) a year in tax revenue.

Gordon added that a cut could sway people to put their savings into shares of local companies, which could then spark other firms to go public in the UK and help the economy.

In comparison, she called crypto “a non-productive asset” that “doesn’t feed back into the economy.”

US authorities are seeking to return $7 million to victims of a social engineering scam that tricked them into sending money to fake cryptocurrency investment platforms. 

The scam involved the fraudsters contacting victims and earning trust before directing them to websites masquerading as legitimate crypto investment platforms, Virginia’s Eastern District US Attorney’s Office said in a March 21 statement.

Once victims made a deposit, the funds were funneled through over 75 bank accounts under the names of shell companies, then sent abroad “deceptively characterized” as domestic wires, despite being transferred to a bank outside the US.

Source: US Attorney’s Office, Eastern District of Virginia

“The sites falsely represented to the victims that their investments were making sizeable gains,” Virginia’s US Attorney’s Office added in its statement.

Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space.

Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills.

While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said.

Fidelity’s filing to register a tokenized version of the Fidelity Treasury Digital Fund. Source: Securities and Exchange Commission

The OnChain share class aims to provide investors transparency and verifiable tracking of share transactions of FYHXX, although Fidelity will maintain traditional book-entry records as the official ownership ledger.

Cathie Wood, founder of the Ark Invest investment firm, will give the inaugural lecture for El Salvador's new Urban Centers for Welfare and Opportunities (CUBO) AI program, a public education initiative spearheaded by the government of El Salvador.

According to El Salvador's Bitcoin Office, the program will bring university-level AI courses to students and professionals and follows the country's highly successful CUBO Bitcoin (BTC) and Lightning Network developer program.

The program will leverage industry experts to provide AI education to the public. El Salvador's Bitcoin Office wrote in a March 23 X post:

"As El Salvador turbocharges its transformation into the ultimate tech and financial powerhouse of the region, CUBO AI will arm students and professionals in the country with the tools to dominate the AI frontier."

El Salvador continues to attract crypto businesses and foreign direct investment as the Central American country positions itself as a regional tech and digital finance hub.

Cathie Wood pictured left, with El Salvador’s President Nayib Bukele in the center, and economist Art Laffer, on the right, meet in May 2024. Source: El Salvador’s Bitcoin Office

The Bitcoin (BTC) mining hashprice — a miner's daily revenue per unit of hashing power expended to mine blocks — has remained constant at around $48 per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin difficulty.

Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on March 23, up from the 112.1 trillion difficulty in the previous epoch.

According to TheMinerMag, a hashprice below $50 places financial stress on miners running older hardware such as the Antminer S19 XP and S19 Pro.

The older hardware coupled with declining network transaction fees risks pushing some miners into unprofitable territory — forcing them to turn off their hardware until they upgrade their application-specific integrated circuits (ASICs) or network conditions change.

Mining firms have been struggling since the April 2024 Bitcoin halving event, which slashed the block subsidy to 3.125 BTC per block mined, generally increasing network difficulty, and the recent downturn in the crypto markets due to macroeconomic uncertainty.

Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.” Lee added that a close above $87,000 would give a clearer bullish confirmation.

Tariff wars have rocked both traditional markets and the cryptocurrency markets in the past few days. Nansen research analyst Nicolai Sondergaard believes the markets may remain under pressure until April 2. While speaking on Cointelegraph’s Chainreaction daily X show, Sondergaard said that if the tariffs get dropped, it could act as “the biggest driver at this moment.”

Crypto market data daily view. Source: Coin360

Although analysts remain bullish for the long term, some expect a short-term decline. Analyzing previous bear market declines, market analyst and author Timothy Peterson said in a post on X that the current bear market should only last for 90 days. The analyst anticipates a fall in the “next 30 days followed by a 20-40% rally sometime after April 15th.”

If Bitcoin starts a sustained recovery, several altcoins could follow suit. What are the top cryptocurrencies that look strong on the charts?

Bitcoin (BTC) circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Bitcoin price meets decisive RSI setup

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding strength during weekend trading.

Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins.

“I think this next week will be telling where the market wants to head for the next higher timeframe move,” popular trader Daan Crypto Trades wrote in part of his latest X analysis, noting the closing position of CME Group’s Bitcoin futures.

Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering.

The executive shared a Sunday Bitcoin chart on X, hinting at another BTC purchase the following day — when traditional financial markets reopen — alongside the playful caption, “needs more orange.”

According to SaylorTracker, the company’s most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC.

Strategy’s total Bitcoin purchases. Source: SaylorTracker

Strategy’s March 17 BTC acquisition represents one of its smallest purchases on record and came after a two-week break in buying.

Ethereum’s native token, Ether (ETH), has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1,750 in March 2025. Nevertheless, it is now well-positioned for a sharp price rebound.

65% ETH price rebound in play by June

From a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone. Historically, bounces from this multi-year support have led to explosive rallies — most notably gains of over 2,000% and 360% during past cycles.

ETH/USD two-week price chart. Source: TradingView

As of March 23, the ETH/USD pair was hovering near $2,000, close to the given support area. A bounce from this zone can lead the price toward $3400 by June—up 65% from current prices.

This level coincides with the lower boundary of Ether’s prevailing descending channel resistance.

Opinion by: Nick Denisenko is the chief technology officer and co-founder of Brighty

You can’t fight it. Crypto investments and transactions are on the up. The technology is seamless in crossing borders and making international transactions convenient. Many people report this as a reason for choosing to receive payments in crypto. Using cryptocurrency to pay bills is becoming increasingly popular as digital currencies gain wider acceptance. And, with the number of digital nomads expected to exceed 60 million by 2030, the shift toward crypto has glaring consequences for businesses attracting talent in a global market. 

Crypto companies are multinational by default. Spread across the globe, they’re no stranger to paying salaries in crypto. But today, the traditional economy also leans toward crypto payments for a straightforward reason. 

Crypto promises to unlock talent from across the world. There are tricky compliance issues involved in hiring employees from abroad. By using crypto, companies will unlock the opportunity to pay — and work with — those who best fit their needs.

Foreign hires could even be cheaper and a better fit than locals. With border-crossing crypto fintech, the traditional economy will follow in the footsteps of crypto businesses, and location will no longer make up a competitive edge in hiring. 

Ether needs to reclaim the “macro” range above the $2,200 mark to amass more upside momentum as crypto markets remain pressured by global macroeconomic concerns until at least the beginning of April.

Ether (ETH) price is down over 51% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows.

ETH/USD, 1-day chart. Source: Cointelegraph/TradingView

To stage a reversal from thncoinglis downtrend, Ether price needs to reclaim the “macro range” above $2,200, wrote popular crypto analyst Rekt Capital in a March 19 X post:

“If price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2,196-$3,900 Macro Range (black).”

ETH/USD, monthly chart. Source: Rekt Capital

Bitcoin analysts are closely watching the weekly close to assess the cryptocurrency’s price trajectory for the coming week, as both traditional and crypto markets remain directionless amid a mix of global trade war fears and easing inflation concerns.

Bitcoin's (BTC) price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.

“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegraph, adding:

“A close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.”

BTC/USD, 1-year chart. Source: Cointelegraph

Bitcoin’s price has been lacking momentum, rising only 0.9% over the past week, Cointelegraph Markets Pro data shows. A disappointing weekly close risks a revisit to the previous week’s price low of $76,600.

The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter.

Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying currency.

The blockchain project is developing an algorithmic stablecoin that offers an annual percentage rate (APR) of up to 23%, according to Andre Cronje, co-founder of Sonic Labs and founder of Yearn.finance.

Cronje wrote in a March 22 X post:

“POC looks good. Yielding > 200% APR @ 10m tvl, around 23.5% APR @ 100m, steady at around 4.9% at 1bn+. Will scale up and get team for a full release.”

Source: Andre Cronje

Chip-making giant Nvidia’s (NVDA) stock is flashing a major bearish signal — the last time this pattern appeared, it retraced nearly 50%. This may raise questions for the AI crypto sector, which has, at times, seemed to react to Nvidia’s price.

“NVDA just formed a Death Cross for the first time since April 2022. The last one sent shares plunging 47% over the next 6 months,” markets data platform Barchart said in a March 23 X post. A death cross is a bearish signal that occurs when the 50-day simple moving average (SMA) of an asset’s market price falls below the 200-day SMA.

Nvidia stock price. Source: Barchart

While Nvidia’s stock price formed a bearish signal before the trading week closed on March 21, several crypto AI tokens have risen since then. Render (RENDER) is up 4.06%, while Bittensor (TAO) and Artificial Superintelligence Alliance (FET) are both up around 2.88%, according to CoinMarketCap data. 

Nvidia has been a closely watched stock for AI crypto traders in recent times. While some crypto analysts have linked AI crypto token surges to NVDA’s performance — like its nearly 70% rally ahead of Nvidia’s Q2 earnings in 2024 — there have also been times when no clear correlation emerged. 

A crypto analyst says that inaccurate narratives continue to circulate in the cryptocurrency market, largely driven by distorted information rather than being supported by onchain data.

“Beware of misinformation. Despite the data, misleading narratives persist,” CryptoQuant contributor “Onchained,” said in a March 22 market report.

“Such claims often lack onchain validation and are driven by sensationalist market sentiment rather than objective analysis,” the analyst said, adding:

“Trust data, not noise, verify sources and cross-check onchain metrics.”

Onchained pointed to the recent movements of Bitcoin (BTC) long-term holders (LTH) — those holding for over 155 days — as an example of false narratives clashing with real data.

The analyst pointed out that while some narratives claim Bitcoin long-term holders are “capitulating,” the data shows they’re remaining consistent. “The data leaves no room for speculation,” Onchained said.

Cryptocurrency wallet providers are getting more sophisticated, but so are bad actors — which means the battle between security and threats is at a deadlock, says a hardware wallet firm executive.

“It will always be a cat and mouse game,” Ledger chief experience officer Ian Rogers told Cointelegraph when describing the constant race between crypto wallet firms adding new security features and hackers finding more advanced ways to access victims’ wallets.

Rogers said, unfortunately, the most straightforward scams work best because scammers rely on people making simple mistakes.

“People give their 24-word phrases to people every day, so as long as that happens, then they are going to go for the low-cost tax,” he said, adding:

“Anyone who asks for your 24 words is a criminal.”

Rogers highlighted a common crypto scam where victims get tricked by replies under “any post on Twitter about crypto,” with messages like “DM me, and I’ll help you.”

Gold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold's inflation-hedging properties and minimum volatility, according to Bitcoin (BTC) maximalist Max Keiser.

Keiser argued that gold is more trusted than the US dollar globally, and said governments of foreign nations with an adversarial relationship to the United States would not accept dollar-pegged stablecoins. The BTC maximalist added:

"Russia, China, and Iran are not going to accept a US dollar stablecoin. I predict they will counter the USD stablecoin with a Gold one. China and Russia have a combined 50,000 tonnes of Gold — more than what is reported."

The potential for gold-backed stablecoins to outcompete dollar-pegged tokens in international markets would upend plans to extend US dollar dominance through stablecoins proposed by US lawmakers.

Source: Max Keiser

Related: Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines

The current Bitcoin (BTC) bear market, defined as a 20% or more drop from the all-time high, is relatively weak in terms of magnitude and should only last for 90 days, according to market analyst and the author of Metcalfe's Law as a Model for Bitcoin's Value, Timothy Peterson.

Peterson compared the current downturn to the 10 previous bear markets, which occur roughly once per year, and said that only four bear markets have been worse than the price decline in terms of duration, including 2018, 2021, 2022, and 2024.

The analyst predicted that BTC will not sink deeply below the $50,000 price level due to the underlying adoption trends. However, Peterson also argued that based on momentum, it is unlikely that BTC will break below $80,000. The analyst added:

"There may be a slide in the next 30 days followed by a 20-40% rally sometime after April 15. You can see that in the charts around day 120. This would probably be enough of a headline to bring weak hands back into the market and propel Bitcoin even higher."

Crypto markets experienced a sharp downturn following United States President Trump's tariffs on several US trading partners, which sparked counter-tariffs on US exports, leading to fears of a prolonged trade war.

Comparison of every bear market since 2025. Source: Timothy Peterson

Bilal Bin Saqib, the CEO of Pakistan's Crypto Council, has proposed using the country's runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council's inaugural meeting on March 21.

According to an article from The Nation, the council is exploring comprehensive regulatory frameworks for cryptocurrencies to attract foreign direct investment and establish Pakistan as a crypto hub.

The meeting included lawmakers, the Bank of Pakistan's governor, the chairman of Pakistan's Securities and Exchange Commission (SECP), and the federal information technology secretary. Senator Muhammad Aurangzeb had this to say about the meeting:

“This is the beginning of a new digital chapter for our economy. We are committed to building a transparent, future-ready financial ecosystem that attracts investment, empowers our youth, and puts Pakistan on the global map as a leader in emerging technologies.”

The Crypto Council represents a radical departure from the government of Pakistan's previous stance on crypto. In May 2023, former minister of state for finance and revenue, Aisha Ghaus Pasha said crypto would never be legal in the country.

Pasha cited anti-money laundering restrictions under the Financial Action Task Force (FATF) as the primary motivation for the government's anti-crypto stance.