08:39KeyAfter 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
10:03KeyBinance 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
09:59KeyBitget 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
09:52KeyYi Lihua: Pullbacks do not affect the bull market trend; opportunities abound in the early stages of a bull market.BlockBeats news, September 28: Liquid Capital founder Yi Lihua stated that the pullback was consistent with expectations. In fact, trading also follows patterns. More than 20 days ago, he predicted that the market would face a major pullback after rising to around $86,000. This is not to show off how impressive it is, but to share while continuously learning and improving, which in turn promotes personal progress and rationality. The pullback does not affect the bull market trend. In the early stage of a bull market, opportunities are everywhere. In addition to the broader market trend, high-quality local assets will rise in turn. Everyone should forget setbacks and ignore the noise, and focus entirely on investment and trading opportunities.Full flash
09:46KeyPUMP bucks the trend with a 12% counter-trend rally.BlockBeats news, September 28th, according to TradingBeats monitoring, PUMP is currently trading at approximately $0.00496, up 11.83% in 24 hours, once again nearing its recent high; during the same period, BTC, ETH, and SOL fell by approximately 1.66%, 2.17%, and 2.19% respectively. Among the 86 native crypto contracts on the Hyperliquid platform with 24-hour trading volume exceeding $1 million, 69 declined, accounting for about 80%. PUMP's contract trading volume during the same period was approximately $147 million, with open interest of approximately $206 million.Full flash
09:41Huobi HTX will list JPYC (JPY Coin) at 21:00 on September 28.BlockBeats news, September 28th, according to an official announcement, Huobi HTX will open JPYC/USDT spot trading and grid trading at 21:00 (UTC+8) on September 28th. JPYC deposit services will open at 15:00 on September 28th, and withdrawal services will open at 21:00 on September 29th. It is reported that JPYC is a Japanese yen stablecoin issued by JPYC Inc. in Japan, regulated under Japan's Payment Services Act, and classified as an electronic payment instrument. It is pegged 1:1 to the Japanese yen, with reserve assets held in bank deposits and Japanese government bonds. Users can mint or redeem it through the JPYC EX platform after completing KYC, and it can also be used on blockchains such as Ethereum and Polygon for payments, transfers, DeFi, and other scenarios. Its design aims to provide a compliant and transparent digital solution for the Japanese yen.Full flash
09:40KeyThorChain: Network Halt Not a Selective Freeze on Specific Funds, but an Emergency Security MechanismBlockBeats news, September 28: ThorChain officially announced that the network interruption was an emergency security mechanism designed to protect the protocol's security. The suspension was not a selective freeze of specific funds, nor an individual swap for any person. In the May 2026 security incident, $10.7 million was stolen from liquidity pools. At that time, the attacker's addresses were not blacklisted, so they could still transact on THORChain. THORChain is a permissionless blockchain platform, and its design intent is to perform no censorship whatsoever. On September 26, Bitget CEO Gracy Chen stated that the attacker addresses related to the platform security incident have been made public and are under continuous tracking. Bitget now formally demands that THORChain refuse to provide services to these addresses. "Decentralization is a design principle and should not be used as a shield to facilitate the movement of known stolen funds," she also said. She added that the entire crypto industry is watching how THORChain handles this matter. Recently, THORChain has repeatedly been used by hackers as a conduit for money laundering, sparking controversy, yet it still refuses to block them on the grounds of decentralization and permissionlessness .Full flash
09:37KeyCircle co-founder Neville resigns, CFO to depart at year-end.BlockBeats news, September 28: USDC issuer Circle (CRCL) filed an 8-K with the SEC. Co-founder and director since 2016, P. Sean Neville, resigned immediately from the board for personal reasons; the company stated this is part of normal board succession and there were no disagreements on operations, policies, or practices, with the board size reduced from 8 to 7 members. On the same day, CFO Jeremy Fox-Geen expressed intent to depart, will serve until the end of December 2026 or until a successor is in place, and the company has initiated a headhunting search. The parties signed a separation restrictive covenant agreement: during the transition period, he retains an annual salary of $500,000 and target bonus for 2026 (110% of base), with equity continuing to vest; after departure, he will receive $1.05 million paid over 12 months, additional accelerated vesting of two months of RSUs, and a 12-month extension of the option exercise period, and is subject to a 24-month non-solicitation and 12-month non-compete restriction. The company stated there were likewise no disagreements regarding his departure.Full flash
09:34KeyU.S. stock index futures continue to decline, with Nasdaq 100 futures falling by 1%.BlockBeats news, September 28th, according to BIT(bit.com) market data, US stock index futures continued to decline, with Nasdaq 100 index futures falling by 1%, S&P 500 index futures dropping 0.44%, and Dow futures decreasing 0.4%. According to Bitget market data, spot gold fell below $4,170 per ounce, down more than 2.6% intraday.Full flash
09:27CleanSpark Subsidiary Completes $2.276 Billion Private Placement of Senior Secured NotesBlockBeats news, September 28th, according to official sources, CleanSpark (Nasdaq stock code: CLSK) announced that its wholly-owned subsidiary CSDC Finance I, LLC has completed the previously announced issuance, with a total issuance amount of $2.276 billion of 7.875% senior secured notes, due in 2031. The notes have not been registered under the Securities Act of 1933 and may not be offered or sold within the United States unless registered or an applicable exemption from registration is available.Full flash
