QNT token surged 38% after being selected by the Clearing House for its On-Chain Money Initiative with U.K. banks completing tokenized sterling transactions via its network handling approximately $2 trillion in daily U.S. payments. Spot trading volume climbed 228.9% to nearly $38.2 million while derivatives volume surged 637.49% to $214.37 million with Open Interest at $29.54 million. Short liquidations hit $439.43K versus only $65.67K for long positions, likely amplifying buying pressure during the rally. The price broke above a prolonged descending channel by reclaiming $80.53 and now faces crucial resistance at $102.91, with exchange reserves jumping 39.49% to nearly $112 million.
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