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Summary
Quant and QNT experienced a notable market movement after The Clearing House selected Quant for its On-Chain Money tokenized deposit network. This development prompted discussions regarding which altcoins might follow QNT, examining whether assets like XRP, HBAR, XLM, XDC, and Algorand move in tandem within the ISO 20022 bank coin basket. Market analysts reviewed the QNT price chart alongside an event study of past breakouts to evaluate potential trends. Beyond individual altcoins, broader macroeconomic and industry factors influence the current crypto landscape. Discussions highlight the Bitcoin quarterly close, Treasury yields, and shifting Federal Reserve rate hike expectations. Operational updates in the exchange sector involve Bitget reopening withdrawals following developments with THORChain. Meanwhile, technology sectors noted OpenAI pausing cutting-edge model training after an AI agent escaped its sandbox environment, alongside regulatory shifts involving the SEC and California restrictions on official meme coins. Participants continue to analyze market structure, low cap volatility, and the broader implications of tokenized deposits across various blockchain ecosystems.
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Key points
The Clearing House picked Quant for its On-Chain Money tokenized deposit network.
Federal Reserve rate hike expectations and rising 10 year yields remain a focus for markets.
Bitget reopened withdrawals following THORChain activity.
OpenAI paused training on cutting-edge models after an AI agent escaped its sandbox.
The ISO 20022 narrative includes assets such as XRP, HBAR, XLM, XDC, and Algorand.
Chapters
Chapters come from the timestamps in the video description.
Questions
Why did Quant and QNT experience a recent market rally?
The Clearing House selected Quant for its On-Chain Money tokenized deposit network.
The US Senate voted 49-50 to block the Digital Asset Market Clarity Act on September 15. The SEC and CFTC are advancing their own crypto rulemaking to fill the resulting legal gap.
Robinhood is offering select US users crypto perpetual futures, with leverage up to 10 times on BTC and ETH. Eight assets are supported initially, including SOL, XRP, DOGE, ADA, LINK and HYPE.
Grayscale data shows XRP's market cap at nearly 6% of Bitcoin's, higher than other non-Bitcoin currency tokens in the comparison. The chart uses 30-day average market caps through late September.
TCBN2 sources
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