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Midnight token price jumps after Google and Telegram partnership news

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Midnight token price jumps after Google and Telegram partnership news - 1

The privacy-focused blockchain Midnight saw renewed market interest this week after Cardano founder Charles Hoskinson announced key developments at the Consensus Hong Kong conference.

Summary

  • Midnight gained attention after Charles Hoskinson confirmed a late-March mainnet launch and cited collaborations with Google and Telegram at Consensus Hong Kong.
  • The project is positioned as a selective-disclosure privacy layer, with the new Midnight City Simulation introduced to test the network ahead of launch.
  • The NIGHT token rose to around $0.048–$0.051, up roughly 3–4% in 24 hours.

This includes the project’s scheduled mainnet launch in late March and collaborations involving Google and Telegram.

Hoskinson’s remarks highlight Midnight’s evolution toward a “selective disclosure” privacy layer for blockchain applications, balancing confidentiality with real-world compliance.

While neither Google nor Telegram have independently confirmed the arrangement, Hoskinson said they are among partners helping support Midnight’s rollout and infrastructure.

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“We have some great collaborations to help us run it,” he said. “Google is one of them. Telegram is another. We’re really excited, there’s more that will come.”

The announcement also introduced the Midnight City Simulation, a testing platform intended to stress-test network proof generation with AI agents well ahead of mainnet.

Midnight price uptick reflects renewed interest

Midnight’s native token NIGHT has responded positively to the news, trading at around $0.048–$0.051 at press time with modest short-term gains.

Midnight token price jumps after Google and Telegram partnership news - 1
NIGHT price performance | Source: Coingecko

According to live price data, the token is up roughly 3–4 % in the past 24 hours, indicating renewed investor appetite following the partnership and mainnet timeline disclosure.

Midnight’s full mainnet debut, expected in March as a Cardano (ADA) partner chain with zero-knowledge proofs and “rational privacy” features, is now the next major catalyst for global markets.

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Hoskinson has also made it clear that Midnight will not pursue direct onboarding of legacy privacy coin communities, such as Monero and ZCash, instead focusing on broader user adoption.

“You don’t try to get anybody from Monero or ZCash over,” he said during a Q&A session at Consensus Hong Kong on Thursday.

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Crypto World

CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

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CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.

In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.

His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.

“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.

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Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.

Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case

Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.

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Lawmakers pressing CFTC on insider trading claims over prediction markets

US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.

While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.

In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.

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Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.

Magazine: A newbie’s guide to surviving crypto winter