BNY Mellon Launches Tokenized Cash Settlement Capability on Blockchain
- Blockchain Innovation: BNY Mellon launched a blockchain-based platform on January 10, enabling institutional clients to settle deposits more efficiently, significantly enhancing the security and efficiency of financial operations, marking a deep integration of traditional banking with blockchain technology.
- Liquidity Management Improvement: The platform aims to enhance liquidity management for institutional clients and reduce settlement times, aligning with the financial industry's shift towards digital solutions, and is expected to deliver tangible benefits for participants.
- Positive Industry Response: Elizabeth King from ICE and Carlos Domingo of Securitize praised the initiative, noting its potential to enhance settlement efficiency and programmability within the banking system, further advancing regulated on-chain cash and asset systems.
- Market Trend Alignment: This move by BNY Mellon resonates with the growing trend of blockchain applications in finance, aiming to drive workflow optimization for institutional clients by providing 24/7 settlement efficiency within private networks.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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