Cardano’s Midnight Gains Recognition From Ripple CTO as NIGHT Surges

TheNewsCryptoPublicado a 2025-12-29Actualizado a 2025-12-29

Resumen

Ripple CTO David Schwartz acknowledged Cardano's new privacy-focused blockchain, Midnight (NIGHT), shortly after its unveiling by founder Charles Hoskinson. Built with a focus on regulatory compliance and interoperability, Midnight aims to provide a secure platform for private smart contracts. The NIGHT token has seen significant market activity, surging 7.62% to approximately $0.09075 with a $1.5 billion market cap, ranking among top gainers. Hoskinson emphasized that Midnight's zero-knowledge proof architecture could complement the XRP Ledger by adding privacy-preserving DeFi capabilities, rather than competing with it. While not confirming a partnership, Schwartz's recognition highlights the project's growing relevance and cross-ecosystem potential.

Ripple CTO David Schwartz acknowledged Cardano’s Midnight, which gained notice from the crypto market. The acknowledgment came roughly two weeks after Cardano founder Charles Hoskinson officially unveiled Midnight, a privacy-focused blockchain built on ideas similar to XRP’s core ideology of efficiency, regulatory compliance, and interoperability.

In brief, the Cardano Midnight (NIGHT) project is all about providing a safe and private space to create smart contracts while staying within the rules. Which potentially seeks to unlock new possibilities to use sensitive information on the blockchain.

Since its launch, Midnight has drawn notable interest. NIGHT is currently trading around $0.09075, reflecting a 7.62% increase, as per CMC data, with a market capitalization of approximately $1.5 billion. Additionally, NIGHT ranked among CoinMarketCap’s top five gainers at the time of writing, highlighting growing relevance just weeks after its debut.

Hoskinson Highlights XRP Integration Potential

Charles Hoskinson, the founder of Cardano, stressed in a post on X on December 27 that Midnight’s zero-knowledge proof architecture could greatly enhance the XRP Ledger rather than rival it.

While XRP provides transparent public ledgers for rapid and efficient transactions, Midnight offers an alternative that aims to strike a balance between privacy and regulatory compliance.

He further said that by combining Midnight with XRP, the network will have compliant, privacy-preserving DeFi capabilities, establishing XRP as a legitimate rival to established banking infrastructure. However, he also mentioned possible advantages for Cardano and Bitcoin.

Then, the recent comments from Galaxy Digital CEO Mike Novogratz, who has warned that XRP and ADA’s long-term relevance depends on proving real-world utility. By that time, the rise of Midnight challenges the context, as it addresses a specific need for privacy while being business-oriented.

With this, David Schwartz’s brief acknowledgment of Midnight got more attention. As it involves only a small recognition, it didn’t confirm any partnership with Midnight. But that shows the Midnight project’s importance and its focus on cross-ecosystem talks.

Highlighted Crypto News Today:

‌SUI Sees Mild Uptick as Price Holds Key Support Around $1.40

Criptos en tendencia

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

Preguntas relacionadas

QWhat is the main focus of Cardano's Midnight (NIGHT) project?

AThe Cardano Midnight project is focused on providing a safe and private space to create smart contracts while maintaining regulatory compliance, aiming to unlock new possibilities for using sensitive information on the blockchain.

QHow did Ripple CTO David Schwartz interact with the Cardano Midnight project?

ADavid Schwartz acknowledged Cardano's Midnight, which brought attention to the project, though it did not confirm any formal partnership.

QWhat potential integration did Charles Hoskinson highlight between Midnight and XRP?

ACharles Hoskinson highlighted that Midnight's zero-knowledge proof architecture could greatly enhance the XRP Ledger by providing compliant, privacy-preserving DeFi capabilities, rather than competing with it.

QWhat was the market performance of NIGHT token at the time of writing?

AAt the time of writing, NIGHT was trading around $0.09075, reflecting a 7.62% increase, with a market capitalization of approximately $1.5 billion, and it ranked among CoinMarketCap's top five gainers.

QWhat concern did Galaxy Digital CEO Mike Novogratz raise about XRP and ADA?

AMike Novogratz warned that the long-term relevance of XRP and ADA depends on proving real-world utility.

Lecturas Relacionadas

How 40.8M staked ETH could strengthen Ethereum’s edge over Bitcoin

Ethereum is showing signs of strengthening against Bitcoin, driven by two key trends. First, significant whale accumulation is occurring, with large holders not just buying ETH but immediately staking 100% of it. This locks away supply, signaling long-term conviction. Ethereum's total staked ETH has reached a record 40.8 million, with a growing entry queue and 33.5% of supply now staked, further tightening liquid availability. Second, Ethereum's DeFi ecosystem is experiencing robust activity, with WETH whale transactions at a multi-year high and Total Value Locked (TVL) rising sharply. These converging factors—reduced supply from staking and increased on-chain demand—are translating into technical strength. The ETH/BTC ratio has broken above resistance and is approaching the 0.03 level, setting the stage for potential continued outperformance against Bitcoin.

ambcryptoHace 26 min(s)

How 40.8M staked ETH could strengthen Ethereum’s edge over Bitcoin

ambcryptoHace 26 min(s)

Global Stock Market's Storm Center: South Korea's Stock Market De-leveraging Is Largely Complete

Storm's Eye: South Korean Market De-leveraging Nears Completion The recent sharp correction in South Korean equities, with the KOSPI index dropping 32% from its June high, has been a key trigger for global tech stock volatility. The core driver was not a fundamental shift but a forced de-leveraging process within the market's unique structure, which is now largely complete. Two main leverage channels amplified the sell-off: 1. **Leveraged ETFs:** Their size, proportionally four times larger than in the U.S., peaked near $50 billion. Their mandatory daily rebalancing mechanism created a vicious cycle of "price drop → forced selling → further drop." Approximately 75% of this excess has been unwound, shrinking to $26 billion, with regulatory curbs now blocking new inflows. 2. **Hedge Fund Leverage:** Using swaps to magnify exposure, hedge funds saw their net long positioning fall by over 50% from peak levels. The most intense phase of this institutional de-leveraging is over. In contrast, **retail margin debt** poses minimal systemic risk. At 0.5% of market cap, it is far lower than in the U.S. or China, lacks automatic triggers, and is concentrated in smaller stocks. The conclusion: the high-leverage structures most prone to "chain-reaction selling" have been substantially cleared. The market is transitioning from a liquidity-driven crash to one priced more on fundamentals. The article argues that the AI trend—centered on Korean memory chips—remains intact. This episode represents a painful but necessary clearing of crowded trades, not the end of the AI revolution. For investors, the key question is conviction in the long-term AI direction; if the trend is real, current volatility is a cost of entry, not a terminal risk.

链捕手Hace 37 min(s)

Global Stock Market's Storm Center: South Korea's Stock Market De-leveraging Is Largely Complete

链捕手Hace 37 min(s)

92.9% of crypto tokens launched since 2024 trade below TGE price: CryptoRank

A recent analysis by CryptoRank reveals that 92.9% of cryptocurrency tokens launched since 2024 and with a market capitalization exceeding $100 million are now trading below their initial Token Generation Event (TGE) price. The study, examining 113 projects, found only eight—or 7.1%—remain profitable, with the median return across the dataset being a stark -95.7%. Top performers include Hyperliquid (HYPE), which gained 1,519%, followed by Ondo Finance (ONDO), EverValue Coin (EVA), and Midnight Network (NIGHT). The findings indicate a market that has become highly selective, with capital concentrating on a small number of projects demonstrating real utility, adoption, or ecosystem growth. This contrasts with previous cycles where new tokens often saw sustained rallies. Investors are now scrutinizing factors like tokenomics, circulating supply, and unlock schedules more closely. This trend may influence future token launches, prompting projects to prioritize sustainable distribution models and long-term growth over aggressive initial valuations, as high fully diluted valuations (FDVs) and large future token unlocks often lead to significant price pressure.

ambcryptoHace 38 min(s)

92.9% of crypto tokens launched since 2024 trade below TGE price: CryptoRank

ambcryptoHace 38 min(s)

The Eternal Fragments of Money: Third-Party Payment Has No First Principle

"The Enduring Fragments of Money: Third-Party Payments Lack a First Principle" Stripe is reportedly attempting to acquire PayPal, marking a significant shift reminiscent of PayPal's merger with the original X.com 30 years ago. The article analyzes Stripe's strategic challenges and the broader payments industry landscape. Despite its initial success with a developer-friendly API model, Stripe missed its optimal IPO window during the pandemic and has since seen its valuation decline. Its attempts to expand through acquisitions and new ventures, particularly in stablecoins (like its OUSD project) and Agent-focused payments (ACP/MPP protocols), have faced headwinds. The author argues that the payment industry remains highly fragmented and is ultimately an adjunct to the traditional banking system. This structure limits the potential for any single player, including Stripe, to achieve complete dominance. While stablecoins and the future rise of autonomous Agent economies present potential growth avenues, they are not yet mainstream and still require integration with the existing financial system. For now, Agent-based transactions are largely used for speculative "volume boosting" rather than substantive business applications. Stripe's current move to acquire PayPal is seen as an attempt to bolster its weak consumer-facing (C-side) business after its stablecoin-focused strategies faltered. Meanwhile, PayPal is described as structurally outdated, unable to revive itself through new products like Venmo or PYUSD. The future of payments may lie not in payments themselves but in value-added services like more efficient settlement networks. The author suggests that companies like Stripe and Circle, which are building their own blockchains (Tempo, Arc) and stablecoins, are positioning themselves to eventually profit from high-efficiency settlement systems. These new networks could potentially bypass some traditional banking layers. In conclusion, the article posits that third-party payment is a perpetually fragmented battlefield where scale alone cannot ensure victory. Players must find new models, focusing on efficiency to compete with the entrenched banking system. Stripe's acquisition of PayPal represents a bet on this uncertain future.

链捕手Hace 1 hora(s)

The Eternal Fragments of Money: Third-Party Payment Has No First Principle

链捕手Hace 1 hora(s)

Ondo Finance up 14% as entity buys $61M ONDO – Is more upside coming?

Ondo Finance (ONDO) surged over 14% in 24 hours, becoming the top performer among the top 100 cryptocurrencies. The rally was driven by significant whale accumulation, including a $61 million ONDO purchase from a Coinbase Prime wallet, and a quadrupling of perpetual futures volume to $155 million. Technically, ONDO has broken out of a multi-month triangle pattern and is forming a potential higher low around $0.34, with indicators like the MACD and RSI supporting bullish momentum. Key resistance levels are at $0.40, $0.44, and $0.48. The strong institutional buying suggests potential for further upside, though a failure to break resistance could see a retracement to $0.34 or $0.30.

ambcryptoHace 1 hora(s)

Ondo Finance up 14% as entity buys $61M ONDO – Is more upside coming?

ambcryptoHace 1 hora(s)

Trading

Spot

Artículos destacados

Cómo comprar NIGHT

¡Bienvenido a HTX.com! Hemos hecho que comprar Midnight (NIGHT) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Midnight (NIGHT) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Midnight (NIGHT)Después de comprar tu Midnight (NIGHT), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Midnight (NIGHT)Tradear fácilmente con Midnight (NIGHT) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

434 Vistas totalesPublicado en 2025.12.08Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de NIGHT (NIGHT).