Welcome to Issue #56 of Wealth Mastery
DOWNLOAD THIS ISSUE AS A PDF HERE
In this issue:
I share my portfolio.
Hashoshi has a deep dive on the Maiar wallet and why it is a game changer for user experience!
Defi Dad has a tutorial on how to start earning 19.4% on your stablecoins with Anchor.
Rekt Capital shares his perspective on Bitcoin right now.
Jesse has a report on the enterprise blockchain Klatyn.
Dr. Jemma Green from Power Ledger joins us to discuss how they are disrupting the energy markets.
*** I have removed the weekly calendar section since it was not providing the kind of value I had originally intended it to. On that note all of us here at the Wealth Mastery team are constantly striving to deliver value to you with these newsletters. So please do let us know if there is something you would like to see added or covered in the future.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.
As always, feel free to reach out to me by responding to this email with your comments or questions.
The Big Recap
Holy price action Batman! What a crazy start to the week. Amazon rumors added to a short squeeze of an oversold Bitcoin which saw the price of all crypto assets spiking dramatically. We are still trading under the 200-day moving average, but this just shows how quickly sentiment can turn in this market.
The regulatory push is continuing at full pace this week! There are three main stories I want to update you on.
First is that Blockfi has been served cease-and-desist orders in 4 states in the USA. This means that they cannot accept new customers in New Jersey, Texas, Alabama, and Vermont. Regulators are claiming that their interest accounts are securities. These are the same regulators who gave them the licenses to operate in those states in the first place.
Stock trading keeps getting hammered in the crypto space. First, Binance dropped synthetic stock trading. Then Unsiwap announced that their website, not the protocol, will stop supporting synthetic stock trading. I am now wondering what the future will be for other front ends for synthetic stock trading like Mirror Protocol.
And finally, FTX and Binance have both reduced their maximum leverage from 100X and 125X to 20X! This is long-term good for retail traders, and the fact they both did it at the same time makes me think that they got the wink wink nudge nudge from friends in the right places. I expect we will see other exchanges like Bybit and Phemex fall in line soon too. This is, after all, an international crackdown.
My Portfolio
I have had quite a few of you request for my regular portfolio updates, so I will now begin to include it as a weekly segment. I hope that this, along with my insights, will be a…
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.
