Tenth Circuit Upholds Fed's Decision to Deny Custodia Bank's Master Account: Reasons Behind the Court's Support for the Central Bank
Tenth Circuit Ruling: The Tenth Circuit Court of Appeals ruled that the Federal Reserve can deny Custodia Bank's request for a master account to protect financial stability, affirming that eligibility does not guarantee access to Fed services.
Judicial Opinions: Judge Ebel, in the majority opinion, emphasized the Fed's discretion in safeguarding the financial system, while Judge Tymkovich dissented, arguing that the Fed is obligated to serve all eligible non-member banks.
Custodia's Response: Custodia expressed disappointment with the ruling but highlighted the dissent as a form of validation, indicating potential plans for further legal action.
Future of Fed Accounts: The Fed is considering "skinny master accounts" for fintech and crypto firms, which would provide limited access to payment systems while ensuring financial safety and innovation.
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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 | 0.000293 | 0.0143 | 0.0254 | 0.0394 | 0.0505 | 0.0645 | 0.0756 |
| Fibonacci | 0.0143 | 0.0239 | 0.0299 | 0.0394 | 0.049 | 0.055 | 0.0645 |
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