tl;dr
Caitlin Long, CEO of Custodia Bank, discussed the lawsuit against the Federal Reserve Board and criticized the Fed and OCC for denying Custodia a master account. She also criticized Senator Elizabeth Warren for her stance on crypto. Long predicted a significant rally in Bitcoin price before the U.S....
Article Summary: Custodia Bank CEO on Lawsuit Against Federal Reserve Board and Bitcoin Price Prediction Caitlin Long, CEO of Custodia Bank, discussed the lawsuit against the Federal Reserve Board and criticized the Fed and OCC for denying Custodia a master account. She also criticized Senator Elizabeth Warren for her stance on crypto. Long predicted a significant rally in Bitcoin price before the U.S. presidential election, citing strong fundamentals despite the current dip. She believes the price will surge in October, noting institutional investors' and whales' dip-buying, despite a 35% drop in trading volumes in the last 24 hours.
Caitlin Long, CEO of Custodia Bank, and Michelle Kallen, Appeals Attorney for Custodia, in a discussion with lawyer James Murphy on CryptoLawTV pointed out the recent development in the Custodia Bank lawsuit against the Federal Reserve Board. Long claims the Fed and OCC have been unjustified against Custodia Bank for a master account. She said that the Fed hasn’t adhered to the law and denied a master account requested earlier. Kallen said states and federal entities shared the role of governing the banking system as per the Supreme Court. Custodia Bank’s receiving a master account will be a big win for not only crypto, but also relevant for other entities trying to get a master account.
Caitlin Long has made significant accurate predictions such as stablecoins having hundreds of billions of market cap and Wall Street to financialize Bitcoin. She also predicted that Bitcoin will see the biggest short squeeze in human history after Wall Street’s adoption of Bitcoin. In a new prediction, Long predicts a “rip roaring” bull Bitcoin market before the U.S. presidential election, with fundamentals still looking strong despite the dip in price now. She added that BTC price had always dropped after every Bitcoin halving due to a shakeout in miners who couldn’t afford to stay in business and liquidated their BTC holdings. She believes Bitcoin price will rally massively in October. BTC price currently trades at $61,472, up 1%. Institutional investors and whales have bought the dip, but trading volumes dropped 35% in the last 24 hours. Spot BTC ETF saw first inflow after more than a week, with $31 million in net inflow.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: Technology
Sector: General
Support Levels: None
Resistance Levels: None
Bullish Trend: 0
Bearish Trend: 0
RSI: 0
Moving Averages: None
Breakouts: 0
Head and Shoulders Pattern: 0
Bollinger Bands: 0
More about Rush Street Interactive Inc
Rush Street Interactive Inc Summary
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS
Sub-Sector: AMUSEMENT & RECREATION
Market Cap: 2095337000
Dividend Yield: None
EPS: None
P/E Ratio: -0.17
Price/Earnings to Growth Ratio: 10.48
Price/Book Ratio: -0.0158
Volume: 746228000
Stock Price: 10.03
Dividend: 0
Yield: 0.888