Custodia Bank Seeks Urgent Rehearing After Fed Denies Master Account
Custodia Bank's Legal Challenge: Custodia Bank is seeking a rehearing after a federal court upheld the Federal Reserve's denial of its application for a master account, arguing that the court misinterpreted the law regarding special purpose depository institutions (SPDIs).
Importance of the Master Account: A Federal Reserve master account is crucial for banks as it allows direct access to the U.S. financial system, enabling faster transactions and greater operational efficiency, particularly for crypto-focused banks like Custodia.
Potential Impact on Crypto Banking: The outcome of Custodia's legal battle could either pave the way for regulated crypto banks to operate on par with traditional banks or reinforce barriers that push crypto services to the fringes of the financial system.
Broader Implications: This case raises significant questions about the Federal Reserve's authority and the rights of states to charter innovative banks, potentially influencing competition, consumer access, and the future of digital asset banking in the U.S.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00163 | 0.0154 | 0.0259 | 0.0397 | 0.0502 | 0.064 | 0.0745 |
| Fibonacci | 0.0154 | 0.0247 | 0.0304 | 0.0397 | 0.049 | 0.0547 | 0.064 |
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