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.

ChainCatcher News, Japan's financial services giant Nomura's cryptocurrency subsidiary Laser Digital has invested in the incubator Webn, supported by Alan Howard, to seek to provide more cryptocurrency-related services to mature financial institutions.The company announced today that as part of the collaboration, Laser Digital CEO Jez Mohideen will join the Webn board as a non-executive director. Laser Digital and Webn did not disclose the scale of the investment.It is reported that Webn was established at the end of 2021 and has already incubated several Web3 companies, including the cryptographic research institution Geometry, the DeFi protocol Trufin, and the non-custodial staking provider Twinstake.

ChainCatcher news, International Monetary Fund (IMF) Vice President Bo Li calls for more action on regulation in the crypto industry to avoid the destabilizing effects of cryptocurrencies on banks and traditional financial institutions. Nobuyasu Sugimoto, Deputy Director of the IMF's Financial Regulation Division, and IMF Vice President Bo Li believe that, given the increasing ties between traditional finance and cryptocurrencies, the volatility of cryptocurrencies could pose systemic risks to the existing financial system.The IMF blog post points out that developed economies are also vulnerable to the financial stability risks posed by cryptocurrencies, as institutional investors were attracted by higher returns in the previous low-interest-rate environment, increasing their holdings of stablecoins. (source link)