BANK (Lorenzo Protocol) rose 8.77% in the last 24 hours.

Gate News Bot news, on August 28, according to CoinMarketCap data, as of the time of writing, BANK (Lorenzo Protocol) is currently priced at 0.07 USD, with a rise of 8.77% in the last 24 hours, reaching a high of 0.08 USD and a low of 0.05 USD. The current market capitalization is approximately 121,000 USD, an increase of nearly 977,500 USD compared to yesterday.

Important news from BANK recently:

1️⃣ The Federal Reserve closes cryptocurrency bank regulation plan The U.S. Federal Reserve recently decided to terminate its cryptocurrency bank regulatory program, signaling a more lenient attitude from regulators towards the cryptocurrency industry. This move could create a more favorable regulatory environment for cryptocurrency projects like BANK, promoting their development and application.

2️⃣ U.S. Banking Industry Actively Engages in the Stablecoin Sector Large financial institutions such as American banks are actively developing their own stablecoin projects. This trend indicates a growing recognition of blockchain technology and digital currencies within the traditional financial industry, which may bring more collaboration opportunities and market attention to cryptocurrency projects like BANK.

3️⃣ The White House’s new executive order may restrict banks’ “de-banking” actions The White House is considering issuing a new executive order that could penalize banks that terminate services due to clients’ beliefs. This policy change is expected to improve the financial services environment for cryptocurrency businesses, indirectly benefiting the development of projects like BANK.

BANK, as an emerging cryptocurrency project, its rapid rise in price and market capitalization may be related to these macro factors. However, investors should still be aware that the cryptocurrency market is highly volatile and carries high risks.

This message is not an investment advice; investors should be aware of the risks of market volatility.