Thousands of banks just agreed to build their own blockchain

Thirty-nine state banking associations just agreed to build their own blockchain. They are defending against stablecoins draining their deposits, and Scott Melker's guest this morning pointed out there is no data showing that happens at all. What has actually been hollowing out community banks is deposit flight to the big banks, plus a generation that will not walk into a branch when SoFi, Robinhood, and Coinbase live on their phone. He also revises Monday's read on Strategy, whose net leverage is now near zero, and gets angry about the ECB promising a private digital euro. Timestamps 00:00 Bitcoin hits a wall at $80,000 01:47 Why the greed reading is bullish, not bearish 03:27 The one level that matters, and Strategy's leverage hits zero 05:30 What Strive did that Saylor is copying 06:28 Saylor stopped stockpiling bitcoin, started stockpiling cash 07:22 39 state banking associations are building a blockchain 08:31 There is no evidence stablecoins drain deposits 09:31 What is actually killing regional banks 10:15 Japan and Revolut both move on stablecoins 11:53 The ECB says the digital euro will be private 12:43 Why a CBDC is the real surveillance risk 13:47 How Not To Invest: the AI supercomputer Ponzi #Stablecoins #Banks #Bitcoin #MichaelSaylor #Strategy #CBDC #DigitalEuro #Robinhood #DailyWolf #ScottMelker #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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