Across Protocol has floated a temperature check proposal dated Mar. 22 to move away from a token-and-DAO setup toward an equity-based corporate structure. Investors and analysts cited governance speed, partnership friction, and token designs that often lack direct claims on revenue as reasons more projects may weigh similar restructurings, while noting tokens can still fit some protocols.

JPMorgan said Hyperliquid has seen rising activity as some non-crypto traders use its 24/7 perpetual futures to get oil exposure during weekends and off-hours. The bank highlighted the WTI crude CL-USDC perp, where daily volume peaked near $1.7 billion in mid-March and open interest climbed to about $300 million, alongside leverage up to 20x.

According to CryptoQuant, bitcoin's current rally could encounter technical resistance first around $75,000 and then near $85,000, levels tied to on-chain realized price bands tracked for active traders. The firm noted that perpetual futures positioning has turned decisively bullish, with more long positions, positive funding rates and buy volume outweighing sell volume, even as rising bitcoin transfers to exchanges suggest possible selling pressure ahead. Bitcoin is trading close to $74,500, roughly 1% higher over the past 24 hours.

Onchain analytics firm CryptoQuant, through its head of research Julio Moreno, said Ethereum's price could decline toward $1,500 by late Q3 or early Q4 if the current bear market persists. The firm highlighted an "adoption paradox," where daily active addresses and internal contract calls on Ethereum recently hit all-time highs even as ETH trades more than 50% below its cycle peak and around $2,070. Moreno noted that elevated ETH exchange inflows relative to bitcoin and negative realized capitalization point to selling pressure and capital outflows that must reverse for ETH to escape bear market conditions.

Ripple has initiated a share repurchase of up to $750 million that values the company at $50 billion, according to a person with direct knowledge of the transaction. The tender offer will allow existing investors and employees to sell shares back to the blockchain payments firm and is expected to run through April. The move follows a prior $1 billion buyback attempt and comes after Ripple's $500 million funding round at a $40 billion valuation in November.

Bitwise Chief Investment Officer Matt Hougan argued in a Tuesday memo that bitcoin could eventually trade at $1 million per coin if it captures a larger slice of the global store-of-value market. He noted that this market is currently just under $38 trillion, with bitcoin at about 4%, and projected it could grow to roughly $121 trillion within a decade. Under that scenario, bitcoin would need to reach around a 17% share of the market to justify a $1 million price, although Hougan also highlighted risks around slower market growth and bitcoin's adoption.

On Mar. 8, Intercontinental Exchange, the listed parent of the New York Stock Exchange, was reported to have taken a minority stake of about $200 million in crypto exchange OKX at a roughly $25 billion valuation and to have secured a board seat. Investors and analysts cited OKX's global user base, derivatives-focused structure and strategic positioning as key reasons, while viewing the deal as part of a broader push toward tokenization and future digital market infrastructure.

TD Cowen's Jaret Seiberg wrote in a Monday note that U.S. banks are likely to ultimately lose the political battle over stablecoin yield restrictions, even as they push to curb consumer rewards. He cautioned that the prolonged clash over how the OCC implements the GENIUS Act could create regulatory uncertainty and delay or endanger passage of the CLARITY Act market structure bill.

The Aave Chan Initiative, a key delegate and service provider for the Aave DAO founded by Marc Zeller, plans to end its engagement with the DAO by July and wind down operations over four months. The decision follows BGD Labs' February 20 announcement that it will stop contributing in April, deepening concerns over Aave's governance, revenue sharing and voting power distribution. ACI is also proposing to convert its existing GHO funding stream into a lump-sum payment to support an orderly transition while it exits.