BANK (Lorenzo Protocol) rose 10.23% in the last 24 hours.

Gate News Bot news, on September 15, according to CoinMarketCap data, as of the time of writing, BANK (Lorenzo Protocol) is currently priced at 0.08 USD, having risen 10.23% in the last 24 hours, reaching a high of 0.09 USD and a low of 0.06 USD. The current market capitalization is approximately 14.4 million USD, an increase of 1.34 million USD compared to yesterday.

Lorenzo Protocol is a platform focused on institutional-grade on-chain asset management. It provides a financial abstraction layer that brings centralized financial products into on-chain infrastructure to meet the complex financial needs within the DeFi ecosystem. The protocol has launched the on-chain trading fund (OTF), allowing ordinary users to access tokenized yield strategies through a single trading code, similar to ETFs in traditional finance. Lorenzo also offers custom solutions for DeFi partners, including tailored financial structures, security frameworks, and product functionalities to meet the needs of different institutions.

Important news about BANK recently:

1️⃣ The regulatory attitude of US crypto banks is becoming stricter The U.S. Federal Reserve recently shut down its cryptocurrency banking regulation program, reflecting a cautious attitude from regulators towards the cryptocurrency industry. This move could impact the progress of DeFi platforms like Lorenzo Protocol in collaborating with traditional financial institutions.

2️⃣ The banking industry calls for a delay in cryptocurrency bank license applications Traditional banking lobby groups are urging regulators to delay processing cryptocurrency bank license applications. This attitude may slow down the integration of DeFi projects like Lorenzo Protocol with the traditional financial system, potentially impacting their market expansion.

3️⃣ Central Bank Digital Currency (CBDC) Development Stalled The U.S. House of Representatives' National Defense Authorization Act has added provisions opposing central bank digital currencies, which could affect the future development of CBDCs. As a platform focused on on-chain asset management, Lorenzo Protocol may need to reassess its strategic positioning in the digital currency space.

From a technical perspective, the BANK token has risen more than 10% in the last 24 hours, indicating market confidence in the short-term prospects of the Lorenzo Protocol. However, given the current complex regulatory environment, investors should closely monitor the potential impact of policy changes on the project's long-term development.

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