Tag: QNT

  • Quant’s QNT Token Skyrockets After Role in US Clearing House Tokenized Payments Network

    Quant’s QNT Token Skyrockets After Role in US Clearing House Tokenized Payments Network

    Quant’s native token QNT experienced a dramatic price surge after The Clearing House selected the company to support its new tokenized payments network for financial institutions. The token climbed from the USD 60–70 range to an intraday high above USD 350 before profit-taking caused a partial pullback.

    QNT Price Rally Details

    Data from TradingView shows QNT broke out from a months-long trading range near USD 60–80, surged past the USD 100 mark, and then accelerated sharply through USD 120, 150, 170, and 194 before reaching an intraday peak above USD 350. The rally brought QNT close to its all-time high of USD 427.42 set in 2021, though subsequent selling trimmed some gains.

    Quant Joins The Clearing House’s On Chain Money Initiative

    The catalyst was the announcement that The Clearing House selected Quant to provide interoperability, transaction management, and orchestration for its On Chain Money network. Quant will also help connect the platform with existing payment systems such as RTP and CHIPS. The initiative aims to link tokenized commercial bank deposits with traditional payment infrastructure, enabling faster and programmable settlement. Participating financial institutions are expected to gain access during the first half of 2027.

    The Clearing House clears and settles over USD 2 trillion daily through wire transfers, ACH payments, check images, and real-time payments. Quant CEO Gilbert Verdian called the selection a major milestone for programmable money, noting that tokenized deposits allow banks to move money on-chain while keeping those deposits within the regulated banking system.

    Expansion of Quant’s Banking Role

    This US project follows a similar initiative in the UK, where major banks including Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest, and Santander completed live customer transactions using tokenized sterling deposits on Quant’s infrastructure under the Great British Tokenized Deposit initiative. The tests moved beyond simulations, including two remortgage transactions and an online marketplace payment with conditional fund reservation.

    Together, these projects place Quant at the center of two institutional programs exploring blockchain-based commercial bank deposits. However, the token’s price performance remains separate from its technology’s institutional adoption, as market participants must assess the token’s economic factors independently.

    Technical Analysis and Support Levels

    Before the rally, QNT traded in a narrow range near its 200-day moving average of USD 69.40. The breakout left the token far above that level, creating a wide gap with limited recent trading activity between roughly USD 100 and the upper rally levels. This leaves less defined support structure during pullbacks. QNT remains within reach of its 2021 all-time high of USD 427.42 if buyers regain control above the latest resistance area.

  • Crypto Weekly: Bitcoin ETFs See $2.38B Inflows, QNT Jumps 260%, UK Launches Crypto Licensing

    Crypto Weekly: Bitcoin ETFs See $2.38B Inflows, QNT Jumps 260%, UK Launches Crypto Licensing

    Bitcoin spot ETFs recorded $2.38 billion in weekly net inflows, while Quant (QNT) surged 260% to a five-year high. Meanwhile, the Bitget hacker began moving stolen funds, Wintermute-linked shorts on Hyperliquid reached $126 million, and the UK Financial Conduct Authority (FCA) opened its new crypto licensing window.

    Bitcoin Spot ETFs Attract $2.38 Billion

    According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $2.38 billion last week. BlackRock’s IBIT led with $1.158 billion, followed by Fidelity’s FBTC at $702 million. The total net asset value of Bitcoin spot ETFs now stands at $108.42 billion, with the ETF net asset ratio at 6.43% and cumulative net inflows totaling $57.55 billion.

    QNT Surges to Five-Year High

    QNT climbed roughly 260% weekly to a peak of about $370 before settling around $205. The rally was driven by The Clearing House selecting Quant for its On-Chain Money Initiative. Additional catalysts include Quant’s integration into Murex MX.3 and its selection by the European Central Bank for digital euro testing.

    Bitget Hacker Moves Stolen Funds

    The wallet linked to the September 24 Bitget hack began transferring Ethereum (ETH) into THORChain vaults and swapping assets into Bitcoin. Bitget confirmed the breach did not compromise private keys; instead, a critical backend component was exploited to pass fraudulent transaction data through the exchange’s authorization process.

    Wintermute’s Hyperliquid Shorts Reach $126 Million

    Onchain Lens reported that a Wintermute-linked wallet held roughly $126.25 million in short positions on Hyperliquid as of September 28, with a $46.92 million Ethereum short representing the largest position. The wallet showed approximately $963,600 in unrealized profit at the time and a lifetime P&L of around $197.22 million.

    UK Opens New Crypto Licensing Window

    The FCA began accepting crypto license applications at 7 am UK time on September 30. Firms have until February 28, 2027, to submit during the main application window. The new regime starts October 25, 2027. The FCA published a 73-page preview requiring details such as firm activities, regulated permissions, control structure, customer asset handling, and financial/operational standards.

    FAQs

    How much did Bitcoin spot ETFs attract last week?

    Bitcoin spot ETFs recorded $2.38 billion in weekly net inflows. BlackRock’s IBIT led with $1.158 billion, followed by Fidelity’s FBTC with $702 million.

    Why did QNT surge 260% in a week?

    The rally coincided with The Clearing House selecting Quant for its On-Chain Money Initiative. Other factors include Quant’s integration with Murex MX.3 and its involvement in digital euro testing.

    What happened to the funds stolen from Bitget?

    A wallet linked to the September 24 Bitget breach began moving ETH through THORChain and swapping into Bitcoin. The exchange attributed the breach to a compromised backend component.

    How large are the Wintermute-linked Hyperliquid short positions?

    On-chain tracking identified approximately $126.25 million in short positions. The largest was a roughly $46.92 million ETH short.

    When does the UK’s new crypto licensing window open?

    The FCA’s crypto authorization gateway opened on September 30, 2026. The main application window runs until February 28, 2027, with the new regime beginning October 25, 2027.