ChainCatcher news, according to Cointelegraph, Texas House Republican Cody Harris spoke on November 21 at the North American Blockchain Summit about the development of Texas's gold-backed token. He believes that the gold-backed tokens issued by the Texas government could serve as a gateway for Texans to explore digital assets like Bitcoin.Previously, in April 2023, two Texas lawmakers introduced two bills aimed at creating a state-issued digital currency backed by gold. Under the plan, each unit of the digital currency would represent a specific fraction of an ounce of gold held in trust. Harris stated that this initiative could help skeptics become more accepting of cryptocurrency by providing a government-issued digital alternative before transitioning to decentralized assets like Bitcoin; for those who are very reluctant to own Bitcoin or explore cryptocurrency, tokens issued by startups may feel somewhat "reassuring" compared to government-issued tokens. While encouraging Texas's gold-backed digital currency project, Harris is opposed to central bank digital currencies (CBDCs).

ChainCatcher news, Satoshi Action Fund founder Dennis Porter stated on social media that a new paper indicates Bitcoin mining can play a key role in the transition to a sustainable energy future by enhancing grid stability, promoting the use of renewable energy, and supporting economic viability.

ChainCatcher news, TradFi executives stated that BTC and ETH derivatives will play a key role in the integration of cryptocurrencies into traditional finance (TradFi) and in driving them to reach historical highs. TradingView General Manager Pierce Crosby pointed out that derivatives have always been an important part of cryptocurrency trading, but high fees and slippage have adversely affected traders.CME Group's Global Head of Cryptocurrency Products Giovanni Vicisoso believes that a spot Bitcoin ETF will attract investors who are reluctant to use centralized exchanges and will aid in Bitcoin price discovery. TJM Institutional Services Managing Director Jim Iuorio stated that the Federal Reserve may have to lower interest rates and implement easing policies, which would be beneficial for stocks and Bitcoin.Crosby also mentioned that large institutional investors are changing the narrative that cryptocurrencies are merely an extension of tech stocks; although the market can sometimes be affected by internal black swan events, the crypto market will ultimately recover.

ChainCatcher message, DWF Labs co-founder Andrei Grachev stated that CZ has played a key role in the entire cryptocurrency industry, building the largest market, chain, ecosystem, and a generation of millions of crypto users. But how the game is played is how it is played. We need to learn and then move forward. The starting point is the endpoint, and the endpoint is the starting point.