Privacy-focused Midnight blockchain to go live next month, says Cardano's Charles Hoskinson
Input Output Global's Founder Charles Hoskinson said Midnight, the long-awaited privacy-focused blockchain, will launch in the final week of March as a partner chain to Cardano.
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Input Output Global founder Charles Hoskinson said Midnight, a long-awaited privacy-focused blockchain, will launch in the final week of March as a partner chain to Cardano.
Midnight allows users to keep transactions private by default while sharing specific data with authorized parties when required.
A new Midnight City Simulation, opening to the public on Feb. 26, is designed to test the blockchain’s ability to generate and process proofs at scale under real-world-like transaction loads.
Last week's rout delivered bitcoin's biggest realized loss ever; bottoming signals grow
The Feb. 5 shock booked the largest-ever realized loss — $3.2 billion — in bitcoin history.
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The Feb. 5 crash in bitcoin saw $3.2 billion in realized losses, officially overtaking the 2022 Terra Luna collapse as the single largest loss event in bitcoin's history.
According to data platform checkonchain, daily net losses exceeded $1.5 billion.
$BTC Strategy's STRC returns to $100, poised to unlock more bitcoin accumulation
The perpetual preferred STRC hits $100 par amid bitcoin downturn, enabling potential further BTC purchases for the company.
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Stretch (STRC) reclaimed its $100 par value for the first time since mid-January, a move that enables Strategy (MSTR) to resume at-the-market offerings for additional bitcoin purchases.
The preferred equity stabilized near par despite recent bitcoin volatility, supported by a monthly dividend rate that Strategy recently increased to 11.25%.
Midnight will target "billions who don't know they need privacy" rather than privacy maxis as mainnet launch nears in March, he said.
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Charles Hoskinson said Midnight won't actively recruit Monero and ZCash users, calling them a "different demographic" that already cares deeply about privacy.
Midnight will rather target "billions of people that don't know they need privacy" with default privacy protection instead of optional features.
Hoskinson argued privacy isn't a binary "light switch" like privacy coins suggest, criticizing the on/off approach of Monero and ZCash.
The Treasury appointed banking giant and law firm Ashurst to steer its digital gilt trial this year as Britain plays catch-up to Hong Kong and Luxembourg.
What to know:
The pilot will run inside the Bank of England's "digital sandbox," allowing the tokenized government bond to be tested under relaxed regulatory rules before any permanent market structure changes.
The banking giant has already orchestrated over $3.5 billion in digital bond issuances through its proprietary Orion system, including Hong Kong's $1.3 billion green bond — one of the largest tokenized debt sales to date.
Industry experts note that even if the pilot succeeds, full-scale adoption of digital gilts will need new laws and clarified tax treatment before becoming a standard feature of UK debt markets.
$USD1 Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong
Folkman says more details will be revealed soon at an event at Mar-a-Lago.
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World Liberty Financial, a Trump-family-linked crypto project, plans to launch a foreign exchange platform called World Swap as part of its USD1 stablecoin ecosystem.
Co-founder Zak Folkman said World Swap aims to simplify cross-border transfers and challenge traditional remittance providers that charge fees of 2% to 10% per transaction.
The company is building a broader financial stack around its cash-backed USD1 stablecoin, including the recently launched World Liberty Markets lending platform, which has attracted hundreds of millions of dollars in deposits.
Analysts react as Robinhood slumps 10%, with slowdown in crypto trading weighing on results
JPMorgan and Compass Point were among the sell-side teams trimming price targets on HOOD.
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Robinhood shares dropped 10% after fourth-quarter revenue of $1.28 billion missed estimates.
Crypto revenue slid 38% year over year to $221 million, dragging transaction revenue and contributing to misses in adjusted EBITDA and net interest income.
JPMorgan lowered its price target to $113 from $130, citing moderating growth and tougher 2025 comparisons.
$UNI BlackRock takes first DeFi step, lists BUIDL on Uniswap as UNI jumps 25%
BlackRock will make shares of its $2.2 billion tokenized U.S. Treasury fund tradable on the decentralized exchange Uniswap.
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BlackRock will make shares of its $2.2 billion tokenized U.S. Treasury fund, BUIDL, tradable on the decentralized exchange Uniswap, marking its first move into DeFi.
UNI, the exchange's governance token, jumped 25% on the news.
Trading BUIDL on UniswapX will allow pre-qualified, whitelisted investors to swap the tokenized Treasury fund around the clock with approved market makers using stablecoins, with Securitize handling compliance.
$BTC Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades With so many other asset markets in rally mode, investors for the moment appear to have moved on from crypto.
What to know:
Friday's crypto bounce is sharply reversing on Wednesday, with bitcoin falling back below $66,000.
Fading Fed rate cut hopes are weighing on markets, but the crypto bear market began last year as the U.S. central bank was cutting rates.
The hard data, along with anecdotal evidence, suggests crypto investors have lost interest and moved on to any number of other rallying markets.
The human brain's edge is fading. AI could outhink us in 2 years, Ben Goertzel says
"The human brain is better at taking the imaginative leap to understand the unknown ... We should enjoy it for a couple more years."
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Ben Goertzel, CEO of SingularityNET, predicts that artificial intelligence will surpass humans in high-level market thinking and strategy in about two years.
While AI systems like his Quantium project are good at predicting bitcoin volatility, people still currently excel at long-term, imaginative strategic thinking.
Goertzel sees growing interest in real-world DeFi and TradFi integration and decentralized AI as proof the technology is maturing.
The Protocol: Robinhood unveils its layer-2 testnet Also: Citadel Securities backs LayerZero chain, MegaETH mainnet debut and ENS scraps L2 plans
What to know:
Welcome to The Protocol, CoinDesk's weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.
In this issue:
Robinhood starts testing its own blockchain as its push into crypto and tokenization deepens.
Citadel Securities backs LayerZero as it unveils ‘Zero’ blockchain for global markets.
MegaETH debuts mainnet as Ethereum scaling debate heats up. Ethereum's ENS identity system scraps planned rollup after Vitalik's warning about layer-2 networks.
Institutional crypto platform BlockFills reportedly halts withdrawals, restricts trading It's shades of 2022, when any number of crypto platforms were forced to suspend withdrawals as prices crumbled.
Crypto Long & Short: Gen Z trusts code over bank promises In this week’s Crypto Long & Short Newsletter, Haider Rafique of OKX shares a firm study on the generational perspectives of crypto investing. Then, Sky defies 2026 downturn in Chart of the Week.
Why crypto VCs at Consensus Hong Kong are playing a 15-year game
With capital tightening, investors are backing “what’s working,” like stablecoins and tokenization, while selectively betting on AI and prediction markets.
What to know:
Capital is concentrating in stablecoins, payments and tokenization as deal counts fall.
Venture capitalists cited missed bets (Polymarket) and late pivots (NFTs) as reminders to balance conviction and flexibility.