7 articles tagged with #midnight. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Cardano founder Charles Hoskinson highlighted a new partnership between Midnight (Cardano's privacy network) and Monument Bank, where the UK lender plans to put retail customer deposits on a public blockchain. Hoskinson described this as potentially one of the largest commercial deals for the privacy-focused network, with the potential to bring billions in total value locked (TVL).
Google Cloud, MoneyGram, Vodafone's Pairpoint, and eToro will run launch nodes for Midnight, a zero-knowledge privacy network targeting banks and financial institutions. The network focuses on selective disclosure and compliance verification rather than anonymity, with mainnet launch planned for March 2026.
Cardano achieved significant institutional milestones in Q4 2025 with the formation of the Pentad coalition and a ₳70 million budget for critical integrations, while the Midnight network token launch exceeded $1 billion market cap. Despite a 14-hour chain partition from a legacy bug, the network demonstrated resilience with DEX volume rising 17.3% though daily active addresses declined 30%.
The Cardano community is criticizing the architecture of Midnight, Cardano's privacy-focused sidechain project. The criticism has prompted Cardano founder Charles Hoskinson to publicly respond and defend the project.
Charles Hoskinson has been focusing his attention on Midnight rather than Cardano, raising concerns within the Cardano community. The shift in focus from the founder could potentially signal underlying issues with Cardano's development or strategic direction.
Cardano founder Charles Hoskinson praised ShieldUSD's milestone progress on the Midnight privacy protocol, calling it one of the most exciting initiatives. He highlighted privacy-preserving stablecoins as a key strategic bet for Cardano's ecosystem growth and utility expansion.
Midnight (NIGHT) token, referred to as the 'new Cardano,' has been listed on Binance, the world's largest cryptocurrency exchange. The listing resulted in a 13% price increase and was accompanied by a 1% supply airdrop to users.
