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SEC acting chair voted against suing Elon Musk over Twitter stock disclosure

The acting chair of the US Securities and Exchange Commission has reportedly voted against the agency suing Elon Musk over the billionaire’s alleged securities violations concerning the disclosure of Twitter stocks. 

Citing anonymous sources, Reuters reported on March 24 that the SEC’s five commissioners conducted a vote on whether to sue Musk or not before the agency filed its lawsuit against the billionaire. 

Four commissioners voted in favor, while the lone dissent came from Mark Uyeda, who was appointed acting chair by US President Donald Trump on Jan. 20. SEC Commissioner Hester Peirce voted along with three other commissioners to sue Musk. 

Uyeda and Peirce are known for their dissenting opinions on the SEC’s enforcement actions against the crypto industry during former SEC Chair Gary Gensler’s time in office.

SEC lawsuit against Elon Musk

In 2022, Elon Musk bought Twitter for $44 billion and rebranded the social media platform to X. After the acquisition, the SEC began investigating whether Musk violated any securities laws as he acquired the platform. 

SEC acting chair voted against suing Elon Musk over Twitter stock disclosure
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XRP, Solana lead altcoin ETP inflows as Ethereum slumps — CoinShares

XRP and Solana led all altcoin-based exchange-traded product (ETP) inflows during the week ending March 21, with $6.71 million and $6.44 million respectively, according to digital asset investment firm CoinShares.

Other altcoin inflows were comparatively modest, with Polygon (MATIC) logging $400,000 and Chainlink (LINK) adding $200,000.

Sentiment toward altcoins remained mixed overall, as Ether (ETH) alone saw significant outflows totaling $86 million. Other notable outflows included Sui (SUI), with $1.3 million, Polkadot (DOT), with $1.3 million and Tron (TRX) with $950,000.

Despite Ether’s substantial outflows dragging down the altcoin sector, digital assets collectively reversed a five-week streak of net outflows, registering inflows of $644 million. Bitcoin (BTC) led this recovery with inflows amounting to $724 million, snapping its own five-week negative streak.

Ethereum outflows pull down altcoins ETP performance, but Bitcoin carries digital assets. Source: CoinShares

XRP, Solana lead altcoin ETP inflows as Ethereum slumps — CoinShares
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$52M Canadian commercial property tokenized by Polymesh, Ocree Capital

Securities dealer Ocree Capital has launched a regulated real estate platform in Canada, giving investors access to tokenized shares of commercial property on the Polymesh blockchain.

The new Ocree platform debuted on March 24 with a $51.9 million commercial real estate listing in Winnipeg, Manitoba. The featured property is a Class “A” multi-residential development with 156 units. 

Ocree said $4 million of equity is being offered to investors via fractional shares.

“Investors are not providing debt; they are participating in the equity of the asset,” Ocree CEO Ted Davis told Cointelegraph. “The investors purchase an interest in a limited partnership that invests in the underlying property.”

15 Berwick Court in Winnipeg, Manitoba, is the first commercial property listing on Ocree’s platform. Source: Google Maps

$52M Canadian commercial property tokenized by Polymesh, Ocree Capital
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Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes

Bitcoin may reach a new all-time high of $110,000 before any significant retracement, according to some market analysts who cite easing inflation and increasing global liquidity as key factors supporting a price rally.

Bitcoin (BTC) has been rising for two consecutive weeks, achieving a bullish weekly close just above $86,000 on March 23, TradingView data shows.

Combined with fading inflation-related concerns, this may set the stage for Bitcoin’s rally to a $110,000 all-time high, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.

BTC/USD, 1-week chart. Source: Cointelegraph/TradingView

Hayes wrote in a March 24 X post:

Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes
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Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase

Update: March 24, 2025, 1:11 pm UTC: This article has been updated to include the settlement date of Strategy’s $711 million offering.

Michael Saylor’s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.

Strategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC). 

Strategy’s SEC filing, March 24. Source: US SEC

Following the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive of fees and expenses.

Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase
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DYDX shoots up 10% as buybacks get a quarter of protocol revenue

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

DYDX shoots up 10% as buybacks get a quarter of protocol revenue
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StilachiRAT malware: How it targets crypto wallets on Chrome

What is StilachiRAT malware?

In November 2024, Microsoft Incident Response researchers uncovered a remote access Trojan (RAT) called StilachiRAT. This discovery highlights the evolving nature of cyber threats, with the malware combining multiple malicious functions into a single tool for maximum impact.

Designed to evade detection and exfiltrate sensitive data, StilachiRAT steals credentials and extracts and decrypts usernames and passwords stored in Google Chrome. It performs extensive system reconnaissance, collecting details such as operating system information, BIOS (Basic Input/Output System) serial numbers, camera presence and active remote desktop protocol (RDP) sessions. 

With a focus on stealing cryptocurrencies, StilachiRAT scans for up to 20 crypto wallet extensions within Chrome, including those from Coinbase, Fractal, Phantom, Manta and Bitget. It also monitors clipboard activity and running applications, specifically looking for sensitive information like passwords and private keys.

Although Microsoft has yet to attribute StilachiRAT to a specific threat actor or region, current observations indicate that it is not yet widely distributed as of March 2025. However, its advanced capabilities make it a significant cybersecurity concern.

StilachiRAT malware: How it targets crypto wallets on Chrome
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Infini takes legal action after $50 million stablecoin exploit

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. 

Infini takes legal action after $50 million stablecoin exploit
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Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue

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.

Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue
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Dohrnii Labs accuses Blynex of illegally liquidating token assets

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

Dohrnii Labs accuses Blynex of illegally liquidating token assets
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DWF Labs launches $250M fund for mainstream crypto adoption

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.

DWF Labs launches $250M fund for mainstream crypto adoption
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RSI breaks 4-month downtrend: 5 things to know in Bitcoin this week

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.

RSI breaks 4-month downtrend: 5 things to know in Bitcoin this week
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How to use ChatGPT to predict crypto market trends

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.

How to use ChatGPT to predict crypto market trends
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Tokenized US gold could ultimately benefit Bitcoin: NYDIG

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.”

Tokenized US gold could ultimately benefit Bitcoin: NYDIG
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US Treasury argues no need for final court judgment in Tornado Cash case

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. 

US Treasury argues no need for final court judgment in Tornado Cash case
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Bitcoin sidechains will drive BTCfi growth

Opinion by: Brendon Sedo, Core DAO initial contributor

Bitcoin is outgrowing the “digital gold” narrative. The primary driver of this shift is the rise of Bitcoin DeFi (BTCfi), which looks beyond the mere store-of-value use cases. 

In 2024, Bitcoin (BTC) became a natively yield-generating asset and the centerpiece of Ethereum-style decentralized finance ecosystems. 2025 is when that kindling can grow its flame on innovative Bitcoin sidechains. 

Most past attempts to tap Bitcoin’s value as a productive asset required significant changes to its base layer. That’s a big reason they failed. The Bitcoin layer 1 is not designed for much change, leaving most Bitcoiners to merely hodl and not do much else. The result is that Bitcoin remained underutilized as a network and an asset.

Bitcoin sidechains have emerged as the perfect solution to all these problems, scaling Bitcoin’s utility without altering or being limited by the base layer. Naturally, these protocols will be the most potent catalyst for BTCfi’s growth, especially with BTC surpassing $100,000, constituting over 60% of the total crypto market share, and entering a new regulatory landscape with the first “pro-crypto” US government regime.

Bitcoin sidechains will drive BTCfi growth
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Centralized exchanges’ Kodak moment — time to adopt a new model or stay behind

Opinion by: Ido Ben Natan, co-founder and CEO of Blockaid

Centralized exchanges (CEXs) have controlled what people can trade for years. If a token wasn’t listed on major exchanges, it didn’t exist for most users. That system worked when crypto was small. But today? It’s completely broken.

The rise of Solana-based memecoins, the popularization of projects like Pump.fun and developments in AI-driven token creation are driving the creation of millions of new tokens each month. 

Exchanges have not evolved to keep up. That must change. Coinbase CEO Brian Armstrong recently weighed in on the topic, saying that exchanges must shift from an allowlist model to a blocklist model, where everything is tradeable unless flagged as a scam.

In many ways, this is the Kodak moment for CEXs. Kodak’s failure to adapt to digital photography has made it a poster child of failed strategy. Now, exchanges are faced with the same threat. The old way of doing things isn’t just slow — it’s obsolete. The real question is: What comes next?

Centralized exchanges’ Kodak moment — time to adopt a new model or stay behind
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Trader nets $480K with 1,500x return before BNB memecoin crashes 50%

An unknown trader pocketed nearly half a million dollars in profit from a newly launched memecoin shortly before the token lost half its value, fueling insider trading allegations amid a recent wave of memecoin collapses.

The savvy trader made an over 1,500-fold return on his initial investment, turning it into over $482,000 in less than 24 hours on the Bubb (BUBB) memecoin.

Source: Lookonchain

“Turned $304 into $482K on $BUBB—a 1,586x return! This trader spent only $304 to buy 43.94M $BUBB and sold 28.9M $BUBB for $122K, leaving 15.64M $BUBB($360K),” wrote Lookonchain in a March 21 X post.

The profitable trade happened shortly before the token shed over 50% of its value, dropping from a peak market capitalization of $43.7 million at 10:00 pm UTC on March 21 to $22.6 million currently, according to Dexscreener data.

Trader nets $480K with 1,500x return before BNB memecoin crashes 50%
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Will new US SEC rules bring crypto companies onshore?

Once, long ago, cryptocurrency companies operated comfortably in the US. In that quaint, bygone era, they would often conduct funding events called “initial coin offerings,” and then use those raised funds to try to do things in the real and blockchain world.

Now, they largely do this “offshore” through foreign entities while geofencing the United States.

The effect of this change has been dramatic: Practically all major cryptocurrency issuers started in the US now include some off-shore foundation arm. These entities create significant domestic challenges. They are expensive, difficult to operate, and leave many crucial questions about governance and regulation only half answered. 

Many in the industry yearn to “re-shore,” but until this year, there has been no path to do so. Now, though, that could change. New crypto-rulemaking is on the horizon, members of the Trump family have floated the idea of eliminating capital gains tax on cryptocurrency, and many US federal agencies have dropped enforcement actions against crypto firms.

For the first time in four years, the government has signaled to the cryptocurrency industry that it is open to deal. There may soon be a path to return to the US.

Will new US SEC rules bring crypto companies onshore?
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Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years

Update: the CTO of TradingView told Cointelegraph in comments that the reports of a bug were inaccurate, and the Twitter user partially withdrew his earlier claims that the tool was broken.

Popular chart analysis service TradingView reportedly contains a bug in the Fibonacci retracement technical analysis tool, according to a tweet by self-proclaimed certified Elliott wave analyst Cryptoteddybear published on June 13.

The Elliott wave principle is a type of technical analysis for predicting prices in financial markets by looking at recurring patterns.

In a video that he uploaded to YouTube, the analyst explains that the tool does linear calculations when in logarithmic charts, which he notes is a significant issue for Elliot wave traders. The official Twitter account of the company behind the charting service answered his tweet, announcing that the issue is being investigated, to which Cryptoteddybear answered:

“Thank you @tradingview for finally taking this issue seriously.”

Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years
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