quant

CryptoQuant CEO Ki Young Ju posted on the X platform that this round of the Bitcoin bull market will bring a 3-5 times increase, rather than another round of parabolic surge exceeding 10 times, followed by a milder bear market.Ki Young Ju pointed out that in this cycle, the MVRV has never fallen below 1. Even at the lows, BTC has remained above the average on-chain cost basis for holders. Some investors have incurred losses, but overall holders have never fallen into a loss.

The cryptocurrency trading platform OKX announced the launch of the QUANTUSDT global perpetual contract, and related trading is now open.OKX introduced that Quant Network builds a programmable currency infrastructure through Overledger and QuantNet to connect banks, blockchains, tokenized deposits, and traditional payment rails.

According to Catcher Predict monitoring, in the market prediction event on Polymarket for "Elon Musk Tweet Count Prediction," the "Yes" option in the sub-market "200-219" has experienced severe fluctuations in winning probability, plummeting from 61.5% an hour ago to the current 40.5% (a fluctuation of 21%). Please note the impact of related breaking news.

According to a report by The Block, CryptoQuant's research director Julio Moreno pointed out that Bitcoin's closing price last week was above the 365-day moving average, confirming the start of a new bull market. However, Moreno stated that after Bitcoin reached an eight-month high of $87,400, several indicators show that upward momentum is weakening, and a market correction may follow.The report noted that the on-chain unrealized profit margin for short-term traders has risen to 33%, the highest level since December 2024. Historically, when profit margins are at similar levels, it often prompts traders to take profits. Data shows that on September 22, Bitcoin holders realized profits of 25,700 BTC in a single day, setting a record for the highest daily profit since 2026; the altcoin market also showed signs of selling pressure. The seven-day cumulative number of altcoin transactions rose to 76,000, the highest level since October 17, 2025. Meanwhile, spot demand continues to shrink, and the growth of futures demand has significantly slowed.After Bitcoin previously reached an eight-month high of around $87,400, the upward momentum has shown signs of fatigue. Julio Moreno indicated that if a correction occurs, the 365-day moving average (around $80,000) will serve as the primary support, followed by the 200-day moving average (around $71,000) and the on-chain realized price for traders (around $67,000). Provided that the support levels hold, this correction is more likely to be a healthy consolidation in a young bull market rather than a trend reversal.

According to Lookonchain monitoring, the founder wallet of Quant Network (0x48E...a170) transferred 25,776 QNT to a new wallet after being inactive for 7 years, worth 6.97 million dollars.The wallet still holds 600,000 QNT, worth 160.39 million dollars.

The digital asset post-quantum security infrastructure company Project Eleven announced the acquisition of Riva Labs to enhance its capabilities in post-quantum signatures, wallets, multi-party computation (MPC), and account abstraction. This acquisition also includes the technology and intellectual property developed by Riva on Ethereum and other public chains.Riva Labs' work encompasses hash-based post-quantum signatures, post-quantum MPC, account abstraction, wallet infrastructure, and hardware signing, and has demonstrated post-quantum signatures on consumer-grade hardware. Project Eleven stated that the relevant teams and technologies will be integrated into its research and product work in post-quantum cryptography, digital asset custody, and blockchain security. Riva will also bring its practices of using artificial intelligence in research and engineering processes into the company.Project Eleven's CEO and co-founder Alex Pruden stated that the acquisition will strengthen the research and engineering teams and accelerate the transition of digital assets to post-quantum security. Riva Labs co-founder Matteo Vena mentioned that both parties share a similar judgment on the tools needed in the industry, and joining Project Eleven will allow for a larger-scale advancement of public chain upgrades.

Ledger CTO Charles Guillemet stated that he disagrees with the view that "only about 30% of BTC faces quantum computing risks, while the remaining approximately 70% is secure due to public key hashing."Glassnode data shows that currently about 30.2% of BTC has exposed spending public keys on-chain, but Guillemet pointed out that this only reflects the static state on-chain; unexposed public keys may still exist in xpub, devices, PSBT, logs, or backups; and once a BTC transaction is initiated, the public key will be revealed before the transaction is confirmed.Guillemet cited research from Google Quantum AI stating that under currently non-existent high-speed quantum computer models, attacks on secp256k1 could be completed in about 9 minutes. Therefore, simply hiding public keys cannot solve the quantum risk, and Bitcoin will ultimately need to migrate to post-quantum cryptography.

According to the official announcement, Gate ETF has launched the QNT3L/USDT and QNT3S/USDT trading pairs on September 28 at 17:00 (UTC+8), where QNT3L is a 3x long Quant (QNT) product, and QNT3S is a 3x short Quant (QNT) product, both with an initial net value of 1 USDT.At the same time, Gate opened the ETF new product trading challenge on September 28 at 17:30 (UTC+8), which will last until October 8 at 17:30 (UTC+8), with a total prize pool of 60,000 USDT. After completing registration, users can trade QNT3L/USDT or QNT3S/USDT to participate in multiple tasks such as the first order of new products, cumulative trading check-ins, the all-participant trading prize pool, and inviting friends.

According to Lookonchain monitoring, the newly created wallet address "0x80Fa" has just withdrawn 10,390 Quant (QNT) from the cryptocurrency exchange Coinbase, worth approximately 2.87 million dollars.

Blockchain interoperability company Quant announced a collaboration with The Clearing House (TCH) to introduce programmable money in the United States, providing an interoperability layer for tokenized deposits within the regulated banking system, allowing tokenized deposits to circulate within the banking system.Quant stated that this collaboration continues its related work in the UK, Europe, and other regions. The company mentioned the On-Chain Money Initiative in the announcement and released a press release and blog explaining the details of the collaboration.

CryptoQuant's Research Director Julio Moreno stated that with the recent rise in Bitcoin, the unrealized profit rate has increased to 33%, reaching the highest level since December 2024.Meanwhile, the scale of Bitcoin profit-taking has risen to 25,700 BTC, marking the highest level since 2026. Moreno believes that the simultaneous rise in unrealized profit rate and profit-taking scale typically indicates that the momentum of this rally is weakening, and the market faces the risk of a correction.

According to CoinDesk, Barclays, HSBC UK, Lloyds, Monzo, Nationwide, NatWest, and Santander have completed the world's first interbank tokenized pound deposit customer transaction through the UK's tokenized deposit scheme.Among them, Lloyds, NatWest, and Barclays completed two remortgage transactions, with funds automatically released upon completion after being locked; three banks, including HSBC, completed peer-to-peer payments simulating online shopping.The platform was built by Quant, with EY responsible for project management, and Yearn Finance drafting the rules. The project plans to establish a company and create a rulebook, intending to issue three digital bonds that can be traded using tokenized deposits in the first quarter of 2027.

StarkWare stated in an update on September 23 that the estimated GPU computing cost for preparing a quantum secure Bitcoin (QSB) transaction has dropped to below $67, a decrease of about 79% compared to the approximately $320 computing expenditure for the first similar mainnet transaction in August. According to StarkWare, the first QSB transaction was packaged and confirmed on August 26, with the engineering work completed by Tomer Giladi, and submitted directly through MARA's Slipstream service. The preparation process consumed about 3100 GPU hours, utilized around 100 GPUs, and incurred a computing cost of approximately $320, excluding Bitcoin network transaction fees.This cost reduction resulted from the quantum secure Bitcoin optimization challenge initiated on September 16 by StarkWare, Yukon Research, and Eigen Labs. The challenge invited developers, researchers, and AI agents to optimize transaction construction software, ultimately resulting in 62 adopted improvements across two computational tasks required to prepare a QSB transaction, with benchmark tests showing an estimated computing cost reduction of about 79%. The relevant dashboard currently indicates that the estimated cost has further decreased to $66.The QSB proposal was released by StarkWare researcher Avihu Levy in April, introducing hash-based quantum attack protection for transactions without altering Bitcoin's consensus rules. Due to limited cost, complexity, and applicability, he described it at the time as an emergency measure while continuing to advocate for adjustments at the protocol level.

According to Cointelegraph, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) stated in a joint risk update that advancements in quantum computing could undermine the cryptographic systems that secure blockchain transactions, communications, and databases.Google Quantum AI researchers estimated in March that the number of physical quantum bits required to break the cryptographic techniques used by many cryptocurrencies is about 20 times less than previously estimated. There currently exists no computer capable of executing such an attack.Bitcoin developer Jameson Lopp and others proposed in February to gradually phase out the current signature scheme and to restrict the usage of untransferred funds five years after the proposal is activated; this proposal has not yet been adopted. The Ethereum Foundation plans to enable Ethereum's execution, consensus, and data layers to be resistant to quantum attacks by December 2029.

Quantum computing hardware and software company IonQ announced that it will introduce the first quantum processor to the NVIDIA Accelerated Quantum Research Center to advance the development of quantum supercomputing.

Bitcoin Magazine posted on X that students from East Texas A&M University announced the construction of the first post-quantum secure solution for the Bitcoin Lightning Network.The Lightning Network is a second-layer payment network for Bitcoin, and post-quantum security generally refers to protective designs against potential vulnerabilities in existing cryptography posed by future quantum computing.

According to Onchain Lens monitoring, after HYPE broke through 97.5 USD, Wintermute has begun to transfer HYPE tokens in large quantities to major centralized exchanges.

Coinbase Chief Cryptographer Yehuda Lindell stated on the MARA Foundation TV program that the exchange is designing a custody system capable of adapting to any post-quantum signature scheme that Bitcoin may adopt in the future. It is currently unclear which post-quantum signature scheme Bitcoin will use in practical applications. Lindell believes it is unlikely that a single signature scheme will be universally adopted, so preparations must be made for different outcomes across various blockchains.Coinbase is custodian for approximately $250 billion in assets for institutions such as BlackRock. Traditional Multi-Party Computation (MPC) relies on key sharding, but many post-quantum signature schemes may be "not friendly to MPC"; for example, hash-based signatures lack the arithmetic structure required for traditional cryptographic key splitting. Although cryptographers like Dan Boneh are researching relevant solutions, this research is still in a highly experimental phase, and it remains uncertain whether a viable MPC-like solution for hash signatures can be developed.To this end, Coinbase is exploring a backup architecture centered around programmable Hardware Security Modules (HSM), where private keys will be encrypted with post-quantum cryptography and assembled only within physically secure HSMs. Lindell stated that while the completion timeline is uncertain, once finished, "I will be able to say, I can support any scheme," without worrying about a blockchain adopting a signature scheme that it cannot support.