ChainCatcher news, Jon Ma, the founder of the encrypted data platform Artemis, shared his cryptocurrency investment journey. He first encountered Bitcoin in 2015 through a computer science course but did not pay much attention to it; he only began purchasing cryptocurrencies like BTC and Litecoin at the peak of the bull market in 2017. Conversations with ShapeShift founder Erik Voorhees made him realize that government and currency could be separated.After that, he missed the DeFi summer of 2020 and the NFT boom of 2021, returning to the crypto market only in mid-2021, purchasing SOL and Solana NFTs through FTX US, and engaging with projects like ENS and Wonderland Money. He also participated in Axie Infinity with his girlfriend and established a scholarship program in the Philippines.Ma stated that compared to traditional SaaS, fintech, and internet consumer sectors, cryptocurrency has created a larger global labor and financial system. Looking ahead, he expects traditional finance (TradFi) participants to drive the market capitalization of crypto assets from the current $3.5 trillion to over $100 trillion.With major asset management institutions like Fidelity and BlackRock launching digital asset ETFs, and payment giants like Stripe and Visa entering the crypto payment space, traditional finance participants are expected to become the main force shaping the global digital financial system after 2025.

ChainCatcher news, 10xResearch posted on social media that, contrary to popular belief, it believes that the price of Bitcoin is driven by demand rather than changes in the supply of BTC itself (mining).Each cycle of Bitcoin's five bull markets has been driven by innovations in how investors acquire it, from the creation of early spot trading platforms to the use of contracts, unsecured loans, spot Bitcoin ETFs, and now options on these ETFs.This development highlights the increasing integration of Bitcoin with traditional financial markets, and the regulatory approvals from U.S. agencies such as the CFTC and SEC have accelerated this trend, as these agencies have legalized Bitcoin-related financial products over time.

ChainCatcher message, Michael Saylor stated that MicroStrategy's main "work" is to connect traditional financial markets with the crypto economy through Bitcoin.

ChainCatcher message, Michael Saylor stated that MicroStrategy's main "job" is to connect traditional financial markets with the crypto economy through Bitcoin.

ChainCatcher news, according to CryptoSlate, a report by Standard Chartered Bank indicates that stablecoins are shifting from their initial use in cryptocurrency exchanges to a broader application in global finance. Research shows that stablecoins are increasingly being used for purposes similar to traditional finance, such as dollar savings and trading, as well as facilitating cross-border payments.The report also notes that the market capitalization of stablecoins is currently $163 billion, which, while small compared to the overall financial market, still has significant growth potential.

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on the X platform that MicroStrategy is being pushed up by BTC, with the premium rate continuously reaching new highs, which traditional finance cannot understand, and there is a certain degree of sluggishness towards the MicroStrategy model.

ChainCatcher news, according to CryptoSlate, Robinhood CEO Vlad Tenev recently emphasized the significant efficiency advantages of operating in cryptocurrency, believing that the cryptocurrency business model outperforms traditional finance in terms of cost and customer service.Tenev stated on CNBC on November 12 that the cost of operating a cryptocurrency business is "about an order of magnitude lower than traditional financial services." He highlighted that blockchain technology significantly reduces transaction and operational costs, providing a substantial competitive advantage for crypto platforms.While many industries are still debating the future of digital assets, Tenev believes that cryptocurrency is a key component of the next generation of financial services. The current regulatory environment is heavily influenced by the U.S. SEC, leading many crypto innovations to shift overseas. However, Tenev believes that recent statements from the Trump administration may pave the way for a more lenient regulatory approach in the U.S.

ChainCatcher news, according to Bitcoin Magazine on the X platform, the CEO of Cantor Fitzgerald, with a market capitalization of $13.2 billion, stated that under better regulation, large banks and traditional finance will "be the first to get involved in Bitcoin." "This is what is about to happen. And it is coming soon."

ChainCatcher news, Franklin Templeton CEO Jenny Johnson stated at the Wyoming Blockchain Symposium held in Jackson Hole that she spends 30% of her daily work researching disruptive technologies, as her main focus is positioning the company for the next generation, which includes digital assets. Johnson believes this is one of the two obvious trends she does not want to miss (the other being artificial intelligence)."What’s crazy to me is that in traditional finance, they have no idea about the amount and transaction volume of (Bitcoin)," Johnson added.In 2023, Bitcoin processed over $36.6 trillion in transactions, far exceeding Mastercard ($9 trillion) and Visa ($14.8 trillion). Johnson believes that the traditional finance sector is almost completely unaware of Bitcoin and its massive transaction volume, stating, "The entire ecosystem has almost ignored a parallel, huge ecosystem."

ChainCatcher news, according to The Wall Street Journal, cryptocurrency and blockchain venture capital firm New Form Capital has launched a $100 million fundraising effort aimed at returning to the once-troubled cryptocurrency industry.New Form Capital stated that the venture will focus on reshaping traditional finance through crypto-related technologies, including trading markets and payment systems. Additionally, they revealed that they will also invest in some AI startups related to cryptocurrency and blockchain.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated at the DAS conference that if the Ethereum spot ETF launches in December, it will gather more assets compared to a May launch. Traditional finance needs more time to digest the Bitcoin ETF.Bloomberg analyst James Seyffart retweeted and said: "I tend to agree, Bitwise does not have an active Ethereum spot ETF application in front of the SEC."

ChainCatcher news, according to The Block, U.S. Senator Elizabeth Warren stated that she is willing to work with the cryptocurrency industry but reiterated that the cryptocurrency industry must adhere to the same rules as traditional finance. Senator Warren is a member of the Senate Finance Committee and the Committee on Banking, Housing, and Urban Affairs. She has been critical of cryptocurrencies and has recently pushed for her anti-money laundering bill.In an interview with Bloomberg Television, Elizabeth Warren said, "I want to work with the industry. What I don't understand is why this industry seems to say that only by leaving enough space for drug dealers and human traffickers can they survive, oh, and also terrorists, ransomware scammers, consumer fraudsters, and rogue nations. About half of North Korea's nuclear missile program is funded by cryptocurrency, and all of this must remain open."Additionally, Warren reiterated her stance that it must follow the same rules as traditional finance. She said, "Remember, in our financial system, almost everyone follows the same set of rules. I'm talking about banks, credit unions, credit card companies, gold traders, and stock brokers. Private equity funds now also have to follow the rules. Precious metals traders, Venmo, Western Union, but not including cryptocurrency."

ChainCatcher news, fintech company Fideum Group stated that its collaboration with traditional payment giant Mastercard will enable it to "integrate digital assets into everyday financial activities."

ChainCatcher news, OKX Ventures partner Jeff Ren was invited to attend the "Hong Kong FinTech Week 2023" event, where he participated in a roundtable discussion on DeFi innovation and transformation alongside Fabian Astic, Global Head of DeFi and Digital Assets at Moody's Investor Services, and Janine Grainger, CEO of Easy Crypto. The roundtable was hosted by CoinTelegraph journalist Tom Mitchelhill. During the discussion, Jeff Ren stated that based on fundamental principles, DeFi brings decentralized, programmable, automated, and transparent financial services through the smart contract technology of blockchain networks, representing a significant innovation and complementary integration with traditional finance. For example, RWA (Real World Assets) bringing real assets on-chain and securely transferring ownership is one of the best application cases.It is reported that OKX is the diamond sponsor of "Hong Kong FinTech Week 2023." The event is organized by the Hong Kong Financial Services and the Treasury Bureau and the Invest Hong Kong of the Hong Kong SAR Government, co-organized by the Hong Kong Monetary Authority, the Securities and Futures Commission of Hong Kong, and the Insurance Authority of Hong Kong. It is expected to attract over 30,000 participants from around the world and 5 million online views.