# Wall Street Whisperer?

*Author: Bankless*
*Published: Aug 22, 2024*
*Source: https://www.bankless.com/fr/megaeth-vs-monad-copy-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Frame-50567--6-.png)](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=grayscale-bets&email=true)

  
Wall Street Whisperer?
    
  

  
Published on Aug 22, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Trump's DeFi Play
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-14--1-.png)](https://www.bankless.com/dashboard)- 📣 **Donald Trump Pitches Sons' 'Digital Real Estate' Project. **Trump [looks to onboard](https://www.bankless.com/trump-defiant-project) his Truth Social followers to 'The DeFiant Ones' crypto project.
- 💰 **Magic Eden Makes $ME Token Announcement.** The NFT marketplace [goes](https://www.bankless.com/magic-eden-token) where OpenSea hasn't gone yet.
- 🏔️ **Grayscale Unveils AVAX Trust.** Avalanche [lands](https://www.bankless.com/grayscale-debuts-ava) its own Grayscale Trust product.

.  .  .

 
  
    

    MARKET VIBES

  
  
Sixty Thousand Slump
    
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **BTC is continuing in its weeks-long journey to crack $62K. The asset started the month with a grim slide from $70K to $50K, but its rapid recovery has languished in frustratingly consistent middling price action for the past two weeks, leaving investors wondering what the next big catalyst could be.

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.14T
       

  
    
    ↘ 0.8%
    
  

   
    
    ↗ 5.9%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $60,438
       

  
    
    ↘ 0.9%
    
  

   
    
    ↗ 6.4%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,622
       

  
    
    ↘ 0.7%
    
  

   
    
    ↗ 2.9%
    
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/30986.png)
    

  **KMNO**
   
          $0.044
       

  
    
    ↗ 4.0%
    
  

   
    
    ↘ 6.6%
    
  

  

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💫**New Token Rating: Kamino** TVL may be approaching all-time highs in dollar terms, yet token price remains 60% off its ATH. Is it finally time for KMNO to play catchup?[Unlock KMNO on Token Hub](https://www.bankless.com/tools/token-hub/kamino)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
Grayscale’s Bull Market Bets

  
  
   
     
     Bankless Author: 
     
       [
       
       Jun](https://www.bankless.com/author/arjun)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/image--11-.png)](https://www.bankless.com/grayscale-bets)OG crypto asset manager Grayscale has been awfully busy lately.

When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism. It's a bit like a double-edged sword: **a signal of saturation for some and a beacon of hope for others**.

*What assets have caught their attention lately? Let's find out. *👇

[See Full Analysis](https://www.bankless.com/grayscale-bets)
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