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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

$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.