Good morning. The SEC just made a massive change to the approval process of crypto ETFs…altseason ain’t seen nothing yet. Let’s break down what’s changed and how many new crypto ETFs this could bring to the market.
All of that, plus your…
- Chart of the Day. LINK is close to breaking out.
- Trade of the Day. This is where to go to long on BTC.
- Degen Play of the Day. CZ backed a new token and it pumped over 1,500%.
Chart of the Day
Chainlink is having its best quarter since Q1 2021, up around 82% so far. The potential was always there and it’s finally coming to fruition thanks to institutional RWA adoption. Exchange reserves have reached their lowest level since June 2022 hinting that a continued rally is coming.
And this chart from OtterBiraajCharting suggests that the bullish momentum is just getting started. A cup and handle pattern is forming on the monthly timeframe stretched across 45 months.
If a breakout follows past the current resistance at $25, this would put the long-term price target of LINK to $125. That’s a 415% rally from its current price of around $23.
Don’t underestimate Chainlink in this bull market.
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Trade of the Day
Bitcoin is currently in a nice uptrend, despite what feels like constant sideways chop. Believe it or not, 2025 has been Bitcoin’s best performing September so far. Historically when September closes green, Q4 usually turns out to be super mega bullish.
The next target is $135,000, which is the 1.618 Fibonacci line. Any retests of the 20-day EMA from here to there, currently around $114,580, are likely long opportunities. Especially given the Fed has finally made its first rate cut of 2025.
Your job right now is to survive September, because what has historically come next in Q4 has been worth the wait. And we’re almost there.
Alpha Leak
- Curve [CRV] has been listed on Robinhood and jumped 8% on the news. Could this be the catalyst for a breakout to $1? Only time will tell.
- MetaMask’s [MASK] token launch is coming “sooner than you would expect right now” which is hinting at an imminent debut. It was reported earlier this year that it would be accessible directly in the wallet.
- Ripple’s [XRP] first spot ETF [XRPR] launched in the US and saw $24 million in trading volume within the first hour. WOW. That’s 5x higher than the first-day performance of any XRP Futures ETF, according to Bloomberg’s Eric Balchunas.
- Dogecoin’s [DOGE] first spot ETF [DOJE] launched in the US and saw almost $6 million worth of volume in the first hour, blowing away estimates of $2.5 million.
- World Liberty Financial’s [WLFI] community has passed its token buyback and burn proposal, sending WLFI up over 13% in the past week. This is bullish news.
News Roundup
SEC Approves Faster Crypto ETF Framework
Oh my, how times have changed. The Securities and Exchange Commission (SEC) just approved a framework reducing the time it takes to review a crypto ETF from 240 days to just 45 days.
Under the current rules, exchanges must file a 19b-4 form for crypto ETFs, triggering a review period of up to 240 days. Under the new rules, approval can move forward without the 19b-4 form.
The first ETP has already been approved using this new framework. Grayscale’s Digital Large Cap Fund has become America’s first multi-crypto ETP with exposure to:
- BTC
- ETH
- XRP
- SOL
- ADA
The fund already holds over $900 million in assets.
This new framework is going to send the number of crypto ETFs skyrocketing. Bloomberg’s Senior ETF Analyst Eric Balchunas believes there’s a “good chance” the market will see over 100 crypto ETFs in less than 12 months.
Get ready for altseason on steroids!
Next Ethereum Upgrade Coming In December
Ethereum’s next major upgrade Fusaka has been given a tentative launch date of December 3rd.
With this upgrade, Ethereum aims to:
- boost L2 TPS to 100,000+ and reduce fees by 70%
- double its blob capacity in 2 weeks
- increase its block gas limit from 30 million to 150 million
- make improvements to EVM performance
Ethereum developers will confirm the exact dates in the coming days and weeks, so be prepared for things to change slightly…as they tend to with ETH upgrades.
But the go-live schedule is currently as follows:
- Holesky testnet: October 1st
- Sepolia testnet: October 14th
- Hoodi testnet: October 28th
- Mainnet: December 3rd
Looking ahead into 2026, the next upgrade after Fusaka will be Glamsterdam, which will focus on scaling. It’s hard not to be bullish on ETH right now.
Crypto Treasury Companies Are Still Buying
Bitcoin
- ZOOZ Power [ZOOZ] has received shareholder approval to raise $180 million for its new Bitcoin treasury. The PIPE offering is expected to close next week but the stock price already spiked 262% on the announcement.
Ethereum
- Tom Lee’s Bitmine [BMNR] bought another $69 million worth of ETH through Galaxy’s OTC desk. BMNR now holds around $8.66 billion in ETH.
Solana
- Nasdaq company Helius [HSDT], backed by Pantera, has raised $500 million to buy Solana. The stock price jumped over 200%.
- Nasdaq sports company Brera [BREA] has rebranded as Solmate and raised $300 million to buy SOL for its new Solana Treasury. The company will stake its SOL and run a validator operation in Abu Dhabi. The stock price jumped 500%.
❗REMINDER: Not your keys, not your crypto❗
That’s why you should always self custody your coins with best-in-class Ledger wallets.
I have been using Ledger wallets since 2017 and I love them.
Degen Play of the Day
Aster is a beta play to Hyperliquid backed by Binance Founder CZ. It was listed on Binance this week and pumped over 1,650% on Day 1. This is either going to make a lot of traders rich AF or it’s going to zero.
For it to be considered a serious contender to Hyperliquid it’s going to need some aggressive token buybacks. So this could either be a massive opportunity or it’s going to go the way of Binance’s failed memecoin launch back in February.
Final Notes
Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.
If you are reading this it means you are on the free version of the Wealth Mastery Investor Report, which is great for news and tips on the crypto markets.
If you really want to take advantage of fastest growing asset class EVER, then the Premium subscription is for you.
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See you next time!
Lark and the Wealth Mastery Team
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Legal Disclaimer
Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
You can find a full disclosure of all my crypto & venture investments here.
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
