BankChain Alliance bets banks, not crypto, own the path to on-chain money

Crypto Insight Summary: A group of 39 state bankers associations has founded the BankChain Alliance for establishing a blockchain network wherein commercial banks will have ownership, with the hope that small banks and their clients will rely on regulatory banks for on-chain finance instead of crypto firms. The initiative raises a crucial question: will digital currency eventually circulate... Crypto Insight Analysis: Direction: Bearish ETH / Neutral BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Bank-led blockchain initiative could divert institutional interest from public chains.