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Cardano (ADA) founder Charles Hoskinson has given a clear response to claims that his new project and token, NIGHT, will replace ADA. Hoskinson argued that these discussions missed the point, asserting that NIGHT was designed to expand the Cardano ecosystem, not to replace ADA. Hoskinson stated, “NIGHT will not replace ADA,” adding that the idea of selling ADA and switching to NIGHT presents a misleading framework. He explained that the NIGHT token powers Midnight, Cardano’s new privacy-focused network, but this structure does not compete with Cardano’s main economic and governance hub, ADA. Related News Company Managing $4 Billion Shares Latest Forecasts on Bitcoin, Solana, and Ethereum According to Hoskinson, Midnight will play a strategic role in privacy-focused use cases expected to grow rapidly in the coming years. The Cardano founder stated that he predicts $10 trillion in real-world assets (RWA) will be created in the blockchain sector by 2035, and that he aims for a large portion of these assets to be located on Midnight. He also expressed his desire for private decentralized exchange (DEX) transactions, confidential prediction markets, and similar privacy-requiring applications to primarily operate within the Midnight ecosystem using the NIGHT token. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

The ongoing discourse on blockchain interoperability has seen a significant development with the insights shared by Midnight developer Sebastien Guillemot regarding the long-awaited integration between Ethereum (ETH) $2,929.62 and Cardano $0.3569 (ADA). This integration has stirred excitement within the altcoin community. Guillemot has positioned Midnight as a cross-blockchain and computational layer compatible with existing wallets of both networks. Central to this approach is the facilitation of user interaction across ecosystems without needing to switch platforms, while also standardizing privacy features. Critical technical preparations necessary for this integration have reportedly been completed. Contents Midnight as a Privacy Catalyst between Ethereum and Cardano Hoskinson’s Vision Midnight as a Privacy Catalyst between Ethereum and Cardano Guillemot suggested that once implemented, Midnight could function as a privacy layer or bridge between Ethereum and Cardano. This initiative focuses on allowing ETH and ADA wallet users to interact across platforms without transitioning to new protocols, thereby keeping privacy concerns minimal. The development team has succeeded in launching one of the key cryptographic functions crucial for cross-blockchain interaction. This involves a “hash function” to facilitate the verification of data from different blockchains, with Keccak compatible with Ethereum and Blake2b integrated with Cardano. The framework also emphasizes accurate verification of wallet ownership across the two blockchains. The goal is to produce proof of ownership without revealing users’ private details. Guillemot highlighted that “privacy should be at users’ fingertips,” indicating that Midnight is designed not as a compulsory transition layer but as an optional privacy infrastructure. Hoskinson’s Vision Charles Hoskinson, the founder of Cardano, articulated earlier this year that Midnight’s privacy layer could bring significant benefits to billions of users. Highlighting a strategic collaboration with Brave Wallet, Hoskinson pointed out that Brave’s 84 million users could leverage cryptographic protection online. The narrative around Midnight extends beyond just a vision. Positioned as the “privacy-first” smart contract layer, it is supported technically by Shield Technologies’ privacy protocol, while core responsibility for private computation remains with Midnight. Additionally, the NIGHT coin Airdrop reaching over 50 million addresses underscores the potential scale and expansion of the project. By offering a privacy-centered approach that spans well-known blockchain networks, Midnight holds promise in furthering the goals of secure and private interactions, raising anticipation among crypto enthusiasts and stakeholders alike.

Shiba Inu Open Interest jumps nearly 8% XRP defies broader crypto outflows as funds exit Bitcoin and Ethereum Midnight (NIGHT) extends rally as privacy hype accelerates Shiba Inu Open Interest jumps nearly 8% SHIBflashes crucial bullish signal in the derivatives market as traders reveal positioning ahead of 2026. Open interest spike. Shiba Inu open interest reached $75.76 million in the last 24 hours, equivalent to 10,346,899,754,165 SHIB, marking a nearly 8% increase. According to CoinGlass data, Shiba Inu open interest reached $75.76 million in the last 24 hours, which translates to 10,346,899,754,165 SHIB. This represents a nearly 8% increase. Whereas Shiba Inu open interest has declined in prior days, the current increase marks a significant shift. Into 2026. Rising open interest often reflects stronger trader conviction, especially as participants reposition heading into year-end and early 2026. Rising open interest remains significant in a number of ways; it might suggest improving liquidity as new positions are opened, with conviction and participation returning to the markets once again. This may not be far-fetched, as traders adjust positioning at the year's end heading into 2026. According to a recent report by 10x Research, while year-end liquidity still remains subdued across crypto markets, the implications might go well beyond quiet holiday trading. Futures positioning, ETF flows and options markets are sending a coordinated signal about how traders are de-risking into year's end. XRP defies broader crypto outflows as funds exit Bitcoin and Ethereum XRPjust became the only big winner in CoinShares' flows this week, with $62.9 million in. Against the backdrop. XRP recorded $62.9 million in inflows, up 34% from the prior week’s $46.9 million and the strongest positive figure among tracked assets Fresh CoinShares' data for the week available shows digital-asset investment products losing $952 million, with Bitcoin taking $460 million of that hit, and Ethereum led the exits with $555.1 million, a pattern CoinShares ties to Clarity Act delays and the return of "whale selling" anxiety. Inside that red week, XRP pulled in $62.9 million. That is a 34% jump from the prior week’s $46.9 million and the largest positive figure on the table, ahead of Solana’s $48.5 million. Month-to-date, XRP is sitting at $354.6 million of inflows, with $3.244 billion year-to-date and about $2.946 billion in assets under management. Outperforming. U.S. spot XRP ETF data as of Dec. 19 shows $13.21 million in daily net inflows, lifting cumulative net inflows to $1.07 billion. U.S. spot ETF figures, as of Friday, tell a similar story in a different wrapper: total XRP spot ETFs logged $13.21 million in daily net inflow on Dec. 19, pushing cumulative net inflow to $1.07 billion, with total net assets at $1.21 billion and $58.90 million traded on the day. On the weekly view, Dec. 19 shows $82.04 million of net inflow, with $213.86 million in value traded. Midnight (NIGHT) extends rally as privacy hype accelerates Midnight protocol from Cardanois shining with a high price and trading volume as investors refocus on privacy tokens. Bull run. Cardano’s Midnight (NIGHT) has continued its bullish run, surging by 20%. Cardano’s Midnight (NIGHT) has continued its bullish run, surging by 20% as privacy hype mounts in the broader blockchain world. The privacy protocol is outpacing the broader crypto market, whose growth stands at just 0.98%. CoinMarketCap data shows that Midnight has even flipped its own seven-day rally and breached the $0.10 resistance to show massive potential. As of press time, Midnight is changing hands at $0.1054, which represents a 20.15% increase within this time frame. 60% surge. Over the weekend, Midnight’s volume surged more than 60% to above $3.5 billion. Earlier, NIGHT soared to $0.1189, showing that the token has the potential for more upside as privacy hype continues to gain traction. The asset’s trading volume is also up by 81.94% to $8.98 billion, signaling significant engagement from holders and investors alike. Over the weekend, Midnight’s volume soared by over 60% to more than $3.5 billion. That volume spike pushed the price from $0.063 to $0.07. The sustained interest has now paid off, with the token reclaiming the $0.10 range.

Major cryptocurrency prices are trading sideways this Wednesday as investors exercise caution. This market stagnation is driven by light holiday trading volumes, anticipation of upcoming U.S. economic reports, and a record options expiry this week. Summary Crypto prices are experiencing slight declines on Wednesday, amidst thin holiday liquidity. Traders are awaiting the release of a key U.S. economic data set for later today. A major options expiry event due Friday is adding to the caution. According to data from CoinGecko, the total crypto market cap fell slightly, by 0.7% to $3.02 trillion last check on Wednesday, Dec. 24, Asian time. Bitcoin (BTC), the world’s largest crypto asset by market cap, seesawed between $86,800 and $88,100 before stabilizing near $87,000 when writing, down by 0.5% in the past 24 hours. Ethereum (ETH) slid 0.8% to $2,940 while other large-cap cryptocurrencies such as BNB (BNB), XRP (XRP), Solana (SOL), and Tron (TRX) recorded losses between 1-2%. Some of the smaller-cap crypto assets, such as Midnight (NIGHT), Pump.fun (PUMP) and Uniswap (UNI) stood as the top laggards, posting losses of 14%, 8%, and 7%, respectively. Investors are maintaining a cautious stance and reducing exposure to risky assets ahead of the Christmas holiday period, which is typically characterized by lower trading volumes as traders realize profits. Data compiled by CoinGlass shows that the futures open interest of the total crypto market has declined by 1.3% over the past 24 hours to $128.1 billion. The volume in the spot market also dropped 10% to $101 billion. At the same time, investor appetite remains in check due to a confluence of macro headwinds and upcoming market events. When writing, the Crypto Fear Greed Index was at 24, indicating persistent “Extreme Fear.” Traders remain cautious ahead of US Jobless data Crypto prices have remained suppressed as traders have taken aback today as they wait for the release of U.S. jobless data later today. The data is expected to come slightly hotter at around 223,000–225,000 new claims. As such, hotter-than-expected data could tend to put more pressure on the Fed to cut rates. However, comments from several Fed officials and the Fed chair himself have lately set a more hawkish tone for rate cuts, at least for early 2026. Cryptocurrencies tend to rally on expectations of rate cuts and pull back when they are delayed or deemed less likely to occur in the near future. The market had turned bearish just days before after the Bank of Japan raised interest rates to 0.75%, the highest in the past 30 years, a divergence from the Fed, which cut rates in December to a range of 3.50%-3.75%. Cryptocurrencies have historically been volatile when the BoJ ramped up interest rates, as it can strengthen the yen and potentially unwind “carry trades” that involve borrowing in Japan to invest in higher-yielding, riskier assets elsewhere. Record options expiry spooks investors Adding another layer of bearish pressure, traders are also preparing for nearly $27 billion to $28.5 billion of options expiry from Bitcoin and Ethereum contracts on Deribit that will take place on Friday, Dec. 26. If this record expiry comes to take place, it would mark the largest expiry in the exchange’s history. As such, the hedging from market makers around the “max pain” price (currently around $96,000 for BTC) could keep prices fixated until the options expire. However, it should be noted that once the record expiry takes place on Friday, it could trigger a post-expiry relief rally or increased volatility as mechanical hedging pressure dissipates and the market resets for 2026. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.