Quant, Midnight Lead Crypto Rally Amid Institutional Partnerships
Quant continued its impressive run this week, with a 154% gain and reaching a price of $252. This growth can be attributed to its growing institutional partnerships, particularly The Clearing House's selection of Quant to power its On-Chain Money Initiative for US tokenized deposit clearing and settlement.
The project's UK-based initiative also made significant strides, with UK banks completing their first live customer transactions using tokenized sterling deposits on a Quant-built platform.
Midnight followed closely behind, gaining 100% this week. The project announced the deployment of permissionless smart contracts on its mainnet, allowing developers to deploy contracts directly without requiring a security review in the network's Preprod environment.
This move has garnered attention from notable figures such as Charles Hoskinson, who compared Midnight's potential with that of Zcash.