Welcome to Issue #66 of Wealth Mastery
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In this issue:
I share some Solana NFTs to keep an eye on.
Defi Dad has a tutorial for you on how to earn 36% on Curve Finance via Avalanche.
Rekt Capital breaks down the Bitcoin price action.
Jesse has a review for you on the altcoin Brain Trust which is a freelance job market place backed by the biggest names in crypto.
The team from the Solana based Port Finance join us to talk defi.
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
The market is going wild this week. All eyes are on Bitcoin as the big guy gets ready to go on a run. A move which the market has been anticipating for some time.
The SEC has delayed decisions on 4 Bitcoin ETF applications. They don’t really have any good reason for doing it, except that they can and that the SEC doesn’t want to see spot backed BTC ETF products. Rumors are continuing to circulate that October could see a BTC Futures ETF approved.
Defi darling Compound Finance has been exploited, twice, with the hackers releasing more than a hundred million worth of COMP tokens. This serves as a reminder that all of defi is essentially an in-production experiment. This is why risk management and insurance are both so important.
US regulators are once again stating their desire to rein in stablecoins. In fact, the SEC issued a subpoena against Circle, the maker of USDC this week. (Full story) There is a proposal to get stablecoins to follow the same rules that banks need to follow. In other regulation news the massive US infrastructure bill has been postponed until the 31st of October. The regulatory scene continues to develop, and it is not all bad, which is good.
Uruguay, Tonga, and Brazil have all announced intentions to regulate crypto. These announcements range from allowing for payments in Uruguay to potentially go the legal tender route in Tonga. Pandora’s box has been opened. The scramble to adopt crypto is underway.
Solana NFTs
Solana is quickly becoming the new home of NFTs. The dirt-cheap minting and trading costs are definitely luring in the speculators. So, with that in mind I, wanted to highlight some Solana NFT projects which NFT flippers may want to check out.
First let’s talk about some existing collection that have caught my eye.
Aurory is play to earn JRPG backed by Solana, Alameda, and Animoca Brands. Could this be the Axie Infinity of Solana?
Trippy Bunny has some cool art and is quite “rare”, compared with only 1,111 bunnies in existence. For reference, many popular sets these days have come closer to 10,000.
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.
