07:39KeyAfter QNT, who will be the next hot "TradFi on-chain narrative" target?BlockBeats news, September 28 — After holding a top position on the gainers list for several consecutive days, a tweet citing its 2013 bullish record on Bitcoin and advising investors to "buy at least 1 QNT" quickly spread, further amplifying market sentiment. According to statistics circulating in the market, QNT's single-day gain once exceeded 140%, with a cumulative four-day gain of over 400%, followed by a notable pullback from its highs. However, social media was not the only driver of this rally. On the news front, what prompted the market to re-examine Quant was its partnership with The Clearing House, a major U.S. bank clearing institution. On September 24, The Clearing House announced it had selected Quant to provide interoperability, orchestration, and transaction management technology for its On-Chain Money Initiative. The project aims to establish a network for financial institutions to clear and settle tokenized deposits, connecting existing payment systems such as RTP and CHIPS, and is expected to open to participating institutions in the first half of 2027. Nevertheless, market opinions on QNT are clearly divided. Some analysts noted that The Clearing House selected Quant's Overledger technology rather than explicitly incorporating the QNT token into clearing, settlement, or collateral processes. In their view, this partnership undoubtedly constitutes a fundamental positive, but whether the token can derive direct value transmission from institutional business still lacks public contract details to support it — "the positive is priced in the moment it lands." Meanwhile, Canton and its token CC deserve more attention. Unlike The Clearing House's focus on tokenized deposits, the narrative Canton carries is closer to securities custody, collateral management, and clearing networks. DTCC completed real production transactions of certain tokenized securities in July this year and plans to officially launch its Tokenization Service in October. For the market, CC's appeal lies in the fact that it corresponds not to a single bank or payment institution, but to the larger securities clearing and custody system. This logic also has variables. Although Canton has a relatively clear institutional network positioning, whether large institutions will use CC through public networks in the future still requires validation through actual business deployment. In other words, DTCC's participation can strengthen Canton's narrative, but it cannot automatically equate to CC's demand having already materialized. The following are other TradFi on-chain narrative projects worth watching, compiled by BlockBeats, with sources cited from project teams and the DTCC official website: Chainlink (LINK) In May 2026, DTCC announced that its Collateral AppChain will adopt the Chainlink Runtime Environment (CRE) and Chainlink data standards to provide pricing, valuation, asset transfer, margin calculation, settlement, and automated orchestration capabilities for collateral management. The platform is expected to go live in Q4 2026. Collateral management is a high-frequency and complex segment of the traditional financial system. As tokenized assets, on-chain settlement, and 24/7 markets gradually advance, trusted data, asset valuation, and process coordination will become foundational requirements. Chainlink also disclosed that on-chain and off-chain revenue generated from its enterprise adoption will be converted into LINK and deposited into the Chainlink Reserve. Going forward, the scale of usage and related business flows after the Collateral AppChain goes live will be worth watching. Ondo (ONDO) Ondo's narrative centers on the issuance and distribution of tokenized assets. Its products include tokenized U.S. Treasury-related product OUSG, yield-bearing dollar asset USDY, and Ondo Stocks. According to Ondo's official website, Ondo Stocks already offers more than 450 tokenized stocks and ETFs, giving eligible non-U.S. users on-chain economic exposure to U.S. equities and ETFs. Market attention on ONDO mainly revolves around the asset scale of tokenized securities, trading depth, cross-chain distribution, and DeFi composability. The ONDO token currently represents governance rights in the Ondo DAO, and holders can govern matters related to Flux Finance's markets, interest rate models, oracles, and reserves. The link between product scale, protocol activity, and the token's governance value will remain an important point of observation going forward. Stellar (XLM) In May 2026, DTCC and the Stellar Development Foundation announced that the two parties plan to connect tokenization services for DTC-custodied assets to the Stellar network, with the relevant assets expected to be available in the first half of 2027. The asset classes under evaluation by both parties include Russell 1000 constituents, major index ETFs, and U.S. Treasuries. This collaboration provides a clear timeline catalyst for XLM. The market will focus on the scope of assets to be onboarded subsequently, the first batch of participating institutions, and the actual circulation of DTC-tokenized assets on the Stellar network. XDC Network (XDC) XDC's narrative centers on trade finance. In August 2026, SBI XDC Network APAC, TOPPAN, and Ginco were selected for an Osaka Prefecture-related project to test trade finance processes combining vLEI corporate identity with on-chain export factoring, with goals including improving KYB, transaction record management, and accounts receivable processing efficiency. Trade finance involves corporate identity verification, credit credentials, accounts receivable, financing, and cross-border settlement. XDC's subsequent catalysts depend on whether the pilot further extends into the actual business processes of banks, export enterprises, and trade finance institutions. Axelar (AXL) Axelar's highlight is cross-chain interoperability. In 2023, J.P. Morgan Onyx, Apollo, and Axelar completed a proof of concept under the Monetary Authority of Singapore's Project Guardian framework, demonstrating the ability of tokenized asset portfolios to automatically rebalance and settle across multiple chains. Axelar's enterprise page lists integration information for institutions including Onyx by J.P. Morgan, Deutsche Bank, and Mastercard. As traditional financial institutions simultaneously use public chains, private chains, and existing financial systems, cross-chain communication, asset transfer, and permission management will continue to be key needs. Going forward, attention can be paid to whether its institutional partnerships can form clearer production-grade businesses.Full flash
09:47Bitget CEO: Will replenish the protection fund to over $300 million within a week after its use.BlockBeats news, September 28: Bitget CEO Gracy Chen stated during the "Bitget Incident Review" livestream that at 2:31 AM Beijing time on September 25, assets in some infrastructure of Bitget's hot wallet and warm wallet were subject to unauthorized transfers across multiple chains. Investigation revealed that attackers exploited vulnerabilities in third-party security products to steal internal network credential permissions, forged withdrawal instructions to the wallet system, and bypassed risk control checks. Private keys were not compromised, and the cold wallet was unaffected. The attack path has now been identified, the vulnerability has been fixed, and the incident has been fully contained. It has been confirmed that approximately $388 million in assets were transferred out, and the attacker's addresses and on-chain tracking data have been publicly released. Gracy Chen stated that the entire loss will be covered by the user protection fund, and Bitget will replenish the protection fund to at least $300 million within one week after the fund is used. Bitget has now initiated asset recovery-related plans and will share confirmed vulnerabilities and attack information with industry stakeholders, and will continue to publicly disclose asset tracking progress.Full flash
09:44KeyMeme coin e/acc market cap breaks through $13 million, up 212% in 24 hours.BlockBeats news, September 28, according to GMGN market data, the market capitalization of Solana chain Meme coin e/acc surpassed $13 million, with a 24-hour increase of 212% and a trading volume as high as $26.3 million. This token, through the creator fee automatic splitting tool UsePaid, pays the generated creator fees to the Silicon Valley influencer account Beff Jezos (@beffjezos) on X. The real identity behind the account is generally believed to be Guillaume Verdon, a former Google quantum computing and quantum machine learning engineer who later founded the AI hardware company Extropic. More famous than himself is that he popularized the Silicon Valley effective accelerationism slogan e/acc (effective accelerationism): referring to using technology and capital to push AI, energy, and growth to the limit. After the Meme coin e/acc launched, he initially thought the X Money account suffered a DDOS attack, and after understanding the situation, he stated that he might use these funds for e/acc-related non-profit activities. It is worth noting that he has no official issuance relationship with the token; he is merely named and passively receives payments. BlockBeats reminds users that Meme coins mostly have no practical use cases, and their prices are highly volatile, so investment requires caution.Full flash
09:38KeyAltcoins surged then pulled back in the afternoon, with QNT retreating to $278, while W, CETUS, JUP, SUI, MET, and others gave back their gains.BlockBeats news, September 28th, according to HTX market information, altcoins surged in the morning and then underwent a pullback in the afternoon. Tokens that led gains in the morning and significantly retraced include: QNT fell from $304 to $278, with its gain narrowing from 103% to 59%; JASMY's gain narrowed from 16% to 4%, and IMX's gain narrowed from 17% to 6%; ORCA, NMR, ONDO, and NIGHT rose about 10% in the morning, and their gains have now narrowed to single digits. W, CETUS, JUP, SUI, MET, WOO, CVX, and others have given back their 24-hour gains. Relatively strong altcoins include: AUDIO rose 14% in the morning and is now up 20% over 24 hours; ONE rose 14% in the morning and is now up 21% over 24 hours, completing its catch-up rally; Niu Lai and MARSCOIN showed strong performance following Binance's announcement that it will support the "SpaceX (SPCXB) airdrop plan for MarsCoin (MARSCOIN) holders, as well as the Invesco QQQ Trust (QQQB) airdrop plan for Niu Lai (Niu Lai) holders." MARSCOIN's market cap is temporarily reported at $140 million, and Niu Lai's market cap is temporarily reported at $109 million.Full flash
09:34KeyGoldman Sachs: South Korean retail funds flow into crypto, leading to a lack of buying support for the upward movement of the KOSPI index.BlockBeats news, September 28: Chris Cha, Korea equity analyst at Goldman Sachs Global Investment Research (GIR), said in a September 23 report that KOSPI is positioned for a short-term "tactical breakout," but the continued flow of Korean retail liquidity into crypto markets will make the index's subsequent upside more dependent on foreign investors and local institutions reallocating back into equities. Goldman Sachs said in the report that Fed rate concerns have been partly priced in by the market, and risk appetite is rotating back toward the "agentic AI" theme. Korean memory chips will also provide fundamental support, with Q4 DRAM contract prices expected to rise double digits quarter over quarter, while HBM4 capacity ramp-up will continue to constrain standard server DRAM supply. Samsung Electronics' large shareholder returns, consecutive institutional buying, and foreign investors turning net buyers could all help drive KOSPI toward the 7,000 to 7,200 resistance zone. But the report also warned that the absorption capacity of Korean domestic retail investors is weakening. After Bitcoin returned to $85,000, Korean crypto trading rapidly heated up. DefiLlama data shows that Upbit's single-day spot trading volume was about $770 million on June 13 and rose to $1.817 billion on September 22, an increase of about 136%. Based on the report's cited combined trading volume of $3.27 billion across Korea's five major exchanges on September 22, Upbit alone accounted for more than half, enough to reflect that Korean domestic risk capital is flowing back into digital assets. Goldman Sachs believes this will make KOSPI's subsequent performance more dependent on foreign and institutional buying. October will be a key window to test whether foreign investors are willing to continue increasing exposure to Korean semiconductor and AI assets.Full flash
09:29KeyKioxia's "1-for-3 split" has triggered on-chain unified settlement, with the largest long position exiting at a loss just before breaking even.BlockBeats news, September 28: According to TradingBeats monitoring, the Kioxia stock split triggered the unified settlement of the KIOXIA perpetual contract deployed by Trade.xyz on Hyperliquid . Old positions in on-chain accounts were closed at $338.38, and some positions have not yet returned to their entry cost, with unrealized losses converted into realized losses. Among the top 20 settlement accounts on the holdings leaderboard, 8 accounts settled at a loss, involving approximately $3.6785 million in positions, with confirmed losses of about $161,400; among the top five on the holdings leaderboard, 4 accounts exited at a loss, involving a total of approximately $2.8017 million in positions, with confirmed losses of about $80,300. The long position of approximately $1.0473 million is the largest in the entire market and the only whale exceeding $1 million. Its position holds 3,094.963 contracts, with a cost of $343.99. The settlement price was only about 1.66% away from the cost, ultimately confirming a loss of about $17,400 (0x053f).Full flash
09:28KeyBitget hacker is swapping ETH for BTC through THORChain.BlockBeats news, September 28, according to Lookonchain monitoring, the Bitget hacker who stole $351.6 million is now swapping ETH for BTC through THORChain.
09:03KeyBinance will suspend deposits and withdrawals on the Base network on September 30 to support an upgrade and hard fork.BlockBeats news, September 28: Binance announced that, to support the Base network upgrade and hard fork, it will suspend token deposits and withdrawals on that network starting September 30, 2026, at 17:00 (UTC). The upgrade and hard fork are expected to take place at 18:00 (UTC) the same day. Trading of Base network-related tokens will not be affected. Once the network is stable after the upgrade, deposits and withdrawals will resume without further notice.Full flash
08:59KeyBitget to Resume Withdrawals in Phases Starting at 16:00, Community Livestream to Begin SoonBlockBeats news, September 28: Bitget's phased resumption of withdrawals is about to begin. According to previous announcements, the opening schedule is subject to the platform display and official channels. In addition, Bitget CEO Gracy Chen and Chinese region head Xie Jiayin will continue live streaming in the community at 3:30 PM today (30 minutes before withdrawals start) to discuss this security incident and answer questions from the community. The withdrawal plan is proposed to proceed according to time (UTC+8): September 28 at 16:00: BTC (Bitcoin network) opens; September 29 at 16:00: ETH (Ethereum, BSC, Arbitrum, Base, Optimism) opens; September 30 at 16:00: USDT (Ethereum, BSC, Solana, Tron) opens; October 2 at 16:00: other tokens, fiat currencies, and P2P open.Full flash
08:55X user claims MEXC account was hacked, losing approximately $340,000, and questions why the platform did not revoke the attacker's API, resulting in assets being drained.BlockBeats news, September 28: X user @shuangfei8 posted that their MEXC account was hacked, resulting in a loss of approximately $340,000. In the early hours of September 25, the attacker successfully applied to reset security settings (change linked email, unbind Google Authenticator) using forged documents, which were approved within 10 minutes. They then controlled the account for about 7.5 hours, during which they reset the password, bound Google Authenticator, and created an API. After a review by MEXC identified the risk, the account was frozen and the email was changed back to the original, but the API was not revoked. After the individual changed the password and re-bound Google Authenticator as required, a 24-hour withdrawal restriction was imposed. On September 27, from 04:12 to 04:25 (Beijing time), just about 27 minutes after the restriction was lifted, 322,110 USDT and 9,133,999 ONE were withdrawn from the account, totaling approximately $340,000, with no new login records during the withdrawal period. The individual stated that MEXC's help center specifies that associated APIs should be invalidated after an account is frozen, but this did not take effect in practice; API withdrawals do not require Google or email verification. They have formally filed a claim with MEXC and attempted to report to the police, demanding that the platform preserve logs, provide written answers to relevant questions, and return the assets, while also reminding other users to check the API management page for any abnormal keys. In response, MEXC officially replied: A preliminary investigation has been completed and corresponding solutions provided. To better protect the account and personal information, follow-up will be conducted via one-on-one email communication, with updates on the handling progress and required information. Users are advised to monitor their registered email and official channel emails.Full flash
