According to the analysis of historical data by encryption KOL and industry analyst Lark Davis, the current pullback in the encryption market is just a 'Bull Market breath' rather than 'Bull Market end'. He pointed out that in December 2020, BTC fell by 12% after a significant pump, but rose by 136% in the following 23 days, while the current decline of about 13% is after the same strong performance in the fourth quarter. However, Lark Davis pointed out that BTC may still pull back 10-15%, but at the same time emphasized that BTC and the broader Crypto Assets market still have enough momentum. In addition, industry insiders believe that the adjustment in the price discovery phase is both common and necessary, usually lasting for several weeks, and the Bull Market cycle usually appears no more than four times.

Odaily Planet Daily News Cryptocurrency analyst Lark Davis posted on X, "I am reducing position of a portion of the investment portfolio." When the market Rebound, you can laugh at me all you want. The reasons are as follows: 1. I am paranoid about the liquidation risk of Collateral for BTC and ETH loans. 2. A large portion of my net worth is in Cryptocurrency, leaving only a small cash position, which needs to be changed; 3. For the sake of capital preservation. I know it's best to Buy the Dips now, the current Oversold level is likely to be the first real buying opportunity in the market, if I have funds available, I can take advantage of this opportunity. Despite many people 'dodging the flying knives' in the past 72 hours, please remember that there is still uncertainty in the Japanese, American, and Iranian markets, and this uncertainty may still bring more attractive opportunities. I still hold a large amount of Cryptocurrency. I have not completely exited the market yet.

Ether inflow soared: Inflows reached 69 million USD this week, hitting a record high. ETF trading is about to launch. What's next? Following the recent surge in Ethereum (ETH) price to nearly $4,000, the second largest cryptocurrency has seen a renewed inflow of funds and market enthusiasm. This is a response to the SEC's approval of a major asset management company's Ethereum ETF application. According to the report, the cumulative inflow of funds into digital asset investment products reached $2 billion, with a consecutive five-week inflow of $4.3 billion. In addition, the trading volume of Exchange Traded Products (ETPs) has increased to $12.8 billion this week, a 55% increase from the previous week. It is worth noting that all providers have seen a flow of funds, indicating a turnaround in market sentiment. The outflow of funds from existing providers has also slowed, further enhancing positive market sentiment. Bitcoin (BTC) continues to dominate the market, with a total inflow of $1.97 billion this week. On the other hand, Bitcoin short products have seen outflows for the third consecutive week, totaling $5.3 million. Similarly, there has been a significant increase in the inflow of Ether, recording the highest single-week inflow since March at a total of $69 million. This may be a response to the unexpected decision by the U.S. Securities and Exchange Commission to allow spot ETFs on Ethereum. Despite positive progress, the price of Ethereum has been difficult to maintain its bullish momentum and has failed to retest the annual high of $4,100 set in March. On Friday, the price fell to $3,577. However, Ethereum addresses holding over 10,000 ETH have increased by 3% in the past three weeks, indicating significant buying pressure. Market analysts have different views on the future price trend of Ethereum. 'Trader Tank' predicts that ETH may fall to $3,500, but also acknowledges that once it recovers to the $3,700 level, ETH may see a bullish reversal. On the other hand, cryptocurrency analyst Lark Davis emphasized that the supply of Ethereum on exchanges is at its lowest level in eight years, indicating that the upcoming ETF launch could trigger a 'massive supply shock' and potentially lead to a significant increase in the price of ETH. Ultimately, due to the uncertain price of Ethereum, market participants eagerly await the next move of the cryptocurrency. As investors and analysts closely monitor market trends, the question of whether it will break $4,000 or retest the lower support level of $3,500 remains unanswered. The current trading price of the second largest cryptocurrency in the market is $3,690, a 6.5% decrease in the past two weeks. (Data source: Ronaldo Marquez)

coin Jiejie.com reports: A popular Crypto Assets analyst said that TOTAL2 has completed the BCH correction phase of the Wyckoff method, and now the moment for a breakthrough is coming. Lark Davis noted that the altcoin market capitalization has regained the support of the 50-day index MA, and the MACD confirmed the expectations of the last pump. However, Daan Crypto Trades believes that sentiment towards altcoins is "quite low" and investors are starting to become pessimistic. The BTC price has not yet returned to the safe zone of $69,000

According to the CryptoRank data disclosed by Lark Davis on X platform on April 11th, in the first quarter of 2024, the number of on-chain settlement transactions of Solana exceeded the sum of Tron, Near, BNB Chain, Sei, Polygon, Injective, Sui, zkSync, and Ethereum, reaching 2.4 billion transactions.

According to CryptoRank data disclosed by cryptocurrency analyst Lark Davis on the X platform (as of April 3), in the first quarter of 2024, the number of transactions settled on-chain by Solana exceeded that of Tron, Near, BNB Chain, Sei, Polygon, Injective, Sui, zkSync and Ethereum combined, reaching 2.4 billion.

Bitcoin Recovery: Analysts expect a near-term target of $69,000 Crypto analyst and enthusiast Crypto Jelle expressed optimism about Bitcoin's price action, emphasizing that the digital asset has the potential to re-hit the $69,000 threshold in the near term. The price of Bitcoin fell 5.60% to $66,650 due to weaker interest in the cryptocurrency market. However, the latest price drop doesn't seem to dampen traders' and analysts' expectations for a sustained bull market, with analyst Crypto Jelle being one of them. Crypto Jelle, an advocate of the largest crypto asset, noted that while Bitcoin did not break above $69,000 all at once, it currently appears to be making new higher lows. He believes that the token may soon reach the above price again, urging investors to hold the price level of around $66,500. Therefore, he advises the crypto community and traders to be patient as the much-anticipated Bitcoin halving is just around the corner. Jeller emphasized that Bitcoin's all-time high will not happen overnight. According to the analyst, over the past few years, each ATH breakout has been preceded by a period of decline. As a result, many people tend to lose hope in crypto assets, prompting them to stop investing in Bitcoin. Jelle claims that given BTC's recent performance, we are witnessing the same thing happening again. Jelle drew attention to the bullish pennant pattern, saying that Bitcoin seems to be preparing to break out of this area for now. This is due to a strong rally from the 4-hour exponential moving average (EMA) of 200, which has now reached higher lows. Depending on the developments, cryptocurrency experts expect a breakout to occur in the coming weeks. In the next 15 days, the Bitcoin halving event is expected to begin. Given its past impact on BTC prices, Crypto Jelle's predictions are likely to come true sooner than expected. While the community hopes that the halving event will raise the price, crypto expert Lark Davis points to two other events that could have a significant impact on the asset, affirming BTC's bull run. These include the U.S. election scheduled for November, as well as the Federal Reserve's rate cut. Davis believes that these events are just as important as the halving event because they will further drive the bull market. Since the stock market has traditionally performed well, around 83% during the election, and Bitcoin has become a part of Wall Street, BTC is expected to rise. Davis then mentioned that Goldman Sachs said it would cut rates three times starting in June in 2024. Notably, Goldman Sachs expects the terminal rate to fall between 3.25% and 3.5%. Davis believes that these reductions will increase market liquidity and encourage investors to invest more in crypto assets. (Source: Godspower Owie)

Odaily Crypto Assets analyst Lark Davis said on social media that as long as the U.S. SEC approves SpotEthereum ETFs, then AltCoin-based ETFs "may soon" flood the market, including DOGE ETFs and SOL ETFs, as well as Chainlink and Avalanche, among others, and he expects AltCoin-based ETF products to emerge in 2025. （U.today）

Crédit AgricoleItalia's bond Token platform BlockInvest has announced plans to Token two different sets of non-performing loans (NPLs). It is partnering with asset-backed securities (ABS) company Centotrenta Servicing to issue Token securities backed by non-performing loans. It also partnered with Davis & Morgan, a small bank, to Token distressed mortgages. Both sets of Tokens will be issued on the Polygon public Blockchain.

New Zealand Crypto Assets analyst Lark Davis said Ethereum will rise to $10,000 in 2024. However, Davis pointed out that buying and holding ETH does not guarantee huge wealth, and that Layer2 platforms like StarkNet and ZK Sync have matured with potentially explosive growth, and he believes that they may even surpass ETH in terms of profitability.

According to the research of China Galaxy Securities, the computer industry is expected to usher in a "Davis double-click" in 2024, the molecular side: AI "three elements" (computing power, data, algorithms) resonance, active fiscal policy is expected to bring about an improvement in downstream demand expectations, and data elements are included in the table, driving the overall performance of the industry is expected to bottom out; In terms of investment suggestions, AI will open the sixth round of Kangbo, and in 2024, it is recommended to grasp the six main lines of computing power, data, algorithm, terminal, ecology and scenario.

According to a Nov. 20 SEC memo, Grayscale CEO Michael Sonnenshein, head of legal Craig Salm, ETF head Dave LaValle and four other executives, as well as five representatives of Davis Polk Law Firm, met with the SEC's trading and markets department, according to a Nov. 20 SEC memo. The memo said the discussion "involves a proposed rule change by NYSE Arca, Inc. to list and trade shares of the Grayscale Bitcoin Trust (BTC) under NYSE Arca Rule 8.201-E." According to a document shared by Bloomberg ETF analyst James Seyffart, Grayscale detailed that it has entered into a transfer agency and services agreement with Bank of New York Mellon. The bank will act as an agent for the Grayscale Bitcoin Trust (GBTC), facilitate the issuance and redemption of shares and maintain shareholder accounts.

The 15th day of the Sam Bankman-Fried (SBF) trial began, with the prosecution continuing to cross-examine the defendants, and finally the defense adjourned to prepare closing arguments. The day's sessions focused on reviewing SBF's relationship with the Bahamian government, handling client funds, and transparency issues. The defense conducted a re-examination directly to clarify the former billionaire's position on some of the points made by the prosecution. The prosecution also said it no longer intends to have rebuttal witnesses testify, meaning the trial could end sooner than expected. The prosecution first questioned SBF's relationship with the Bahamian government, in particular Prime Minister Philip Davis. SBF admits that he has established relationships with some members of the government. However, when asked about the discussion of repaying the Bahamian debt, SBF claimed not to remember.

PANews reported on October 31 that according to Cointelegraph, FTX founder Sam Bankman-Fried (SBF) claimed that spending customers' fiat deposits is only part of Alameda Research's "risk management". In SBF's court testimony today, New York Southern District Attorney Danielle Sassoon asked SBF if he thinks it could cost FTX customers $8 billion in fiat currency. "I think it's incorporated into risk management," SBF said. As the CEO of Alameda, I care about their portfolio. At FTX, I've been paying attention, but not to the extent I should be. ” According to SBF, during his tenure as CEO of FTX and Alameda, no one has been fired for allegedly misappropriating $8 billion worth of customer funds for speculative trading. SBF says it doesn't understand certain characteristics of its employees. SBF also revealed that it has close ties to the Bahamian government. Sassoon asked SBF if they gave the Bahamian Prime Minister and his wife courtside seats at FTX Stadium in Miami, to which SBF replied, "I'm not sure, I think they did go to see a game." I don't know the details. "SBF allegedly discussed the repayment of the Bahamian debt with Bahamian Prime Minister Philip Davis, and although SBF denied this, he admitted to helping Philip Davis' son find a job.

Two months before FTX's collapse, Bahamian Prime Minister Philip Davis asked SBF to advise his son on an NFT project, according to an email evidence filed by prosecutors on Tuesday. Internal emails show that in response, SBF sent his phone number and said he could be reached by phone or Zoom. This request made by the Prime Minister of the Bahamas to the SBF in September 2022 highlights the close relationship between the FTX Exchange and officials in the Bahamas. The Bahamian government has faced criticism for overly lax regulation of cryptocurrency companies, and the Bahamas Securities Commission has allowed FTX to operate without a license for more than two years. （CoinDesk）

Two months before the FTX crash, Bahamian Prime Minister Philip Davis asked SBF to advise his son on an NFT project, Golden Finance reported. Internal emails show that in response, SBF sent his phone number and said he could be reached by phone or Zoom. The request made by the Prime Minister of the Bahamas to Bankman-Fried in September 2022 highlighted the rapport between the FTX Exchange and officials in the Bahamas. The government has faced criticism for overly lax regulation of cryptocurrency companies, and the Bahamas Securities Commission had allowed FTX to operate without a license for more than two years.

Bahamian Prime Minister Philip Davis Says Future of Crypto Needs Stable Regulatory Framework Bahamian Prime Minister Philip Davis expressed his confidence in the future of digital assets during his speech at the D3 Bahamas event. He emphasized the importance of developing a stable regulatory framework to support the industry's growth. The Bahamas has been a pioneer in blockchain technology, launching the world's first blockchain-based central bank digital currency, the Sand Dollar, in 2020.