Bitcoin Surpasses $78,000

According to HTX market data, the crypto market remains range-bound and volatile. Bitcoin is trading at $85,000, Ethereum at $2,700, SOL at $122, ZEC at $1,590, and BNB at $783. The total cryptocurrency market cap is down 1% over 24 hours, standing at $2.966 trillion. Altcoins continue to rotate, with cross-chain infrastructure token QNT leading gains, followed by GRT and W. Among Solana ecosystem tokens, PUMP is the top gainer, with ORCA, JUP, MET, and others rising around 10%. Top gainers include: QNT, trading at $304.01, up 102.85% in 24 hours. On September 24, The Clearing House selected Quant to provide interoperability and settlement technology for its on-chain currency project, and the market has been buzzing over its partnership with the U.S. banking system. Other notable gainers: GRT at $0.03517 (+28.45%), W at $0.01565 (+19.47%), IMX at $0.1916 (+16.69%), JASMY at $0.005544 (+16.24%), PUMP at $0.005073 (+15.69%), SEI at $0.08109 (+13.75%), AUDIO at $0.01698 (+13.65%), NOM at $0.002325 (+12.65%), and ORCA at $1.795 (+9.92%).

California Governor Gavin Newsom signed a series of bills on September 27, including banning California public officials from issuing meme coins and prohibiting trading platforms from listing meme coins featuring public officials’ images. The legislation also establishes a victim recovery mechanism to crack down on cryptocurrency fraud and money laundering, and clarifies procedures for seizing crypto assets belonging to transnational criminal networks. In his signing statement, Newsom specifically criticized former President Donald Trump’s 2025 personal meme coin TRUMP, noting that nearly 1 million buyers have suffered total losses exceeding $3 billion, while Trump himself profited approximately $636 million.

According to HTX market data, Bitcoin has broken through the $85,000 level, with a 0.75% 24-hour gain. Ethereum has surged past $2,700, posting a 0.2% rise over the same period.

Solana-based token launch platform StonkFun’s official X account has been restored to normal following a brief suspension by the X platform. According to GMGN data, STONK’s current market capitalization stands at $202 million.

According to HTX market data, Quant (QNT) has rallied more than 85% to break above $285, leading gains in the altcoin market. On the development front, Quant announced on September 24 that it will provide technical support for an on-chain currency program under The Clearing House, responsible for network interoperability, orchestration, and transaction management layers, while connecting existing fiat payment systems including RTP and CHIPS, with a planned rollout to participating institutions in the first half of 2027.

Multichain DEX DYORSWAP has released an official statement on the "False GIWA Mainnet 9134 Incident", clarifying that this was not an attack on DYORSWAP’s contracts, but rather the project and its users were affected by a fake network impersonating the GIWA Mainnet 9134. This network features a bridge and batcher similar to OP Stack, and was deployed at 02:10:59 (UTC+8) on September 27, 2026. Approximately 8.5 hours before deployment, the address received around 0.045 ETH from an address associated with ChangeHero. Just 39 blocks after the bridge went live, three deposits totaling 0.4 ETH entered in the same second, two of which were the first outgoing transactions from their respective wallets. DYORSWAP believes these addresses strongly match the characteristics of internal test wallets. The fake L2 then began operating normally and posted transaction batches to the Ethereum mainnet. Data shows that a total of 1,335 addresses deposited approximately 767.65 ETH into the bridge, with roughly 766.25 ETH ultimately siphoned off. The siphoning transactions occurred in Ethereum block 26067309. The DYORSWAP team stated that it has distributed more than 200 ETH to affected users using its own funds, adding that the investigation is ongoing and will trace the deployer, source of funds, test wallets, batcher infrastructure, and the destination of the siphoned funds.