Cardano privacy chain Midnight launches NIGHT token; CEX listings drive ADA up over 4%

The Cardano ecosystem is undergoing a key upgrade as major CEXs officially support the native token NIGHT of the Midnight network, drawing strong market attention. Following the announcement, ADA’s price surged over 4% within a few hours, with trading volume soaring and market sentiment turning distinctly bullish.

On December 8, the exchange announced the listing of Midnight’s NIGHT token, stating that eligible users could claim an airdrop via Alpha Points after trading opens on December 9. More details about asset support and trading pairs will be released gradually. According to Midnight’s official response, the listing of NIGHT on the platform will not only expand its user base but also promote the adoption of Web3 privacy technologies, accelerating global uptake of zero-knowledge privacy networks.

Midnight is a zero-knowledge proof network in the Cardano ecosystem focused on privacy, providing enhanced privacy features for on-chain applications, making it a potential competitor to privacy projects like Zcash and Monero. Several exchanges have already announced support for NIGHT, further increasing the token’s market visibility. Cardano founder Charles Hoskinson has also expressed support for this development, sharing more technical details about Midnight’s launch.

Boosted by this positive news, ADA quickly showed a significant upward trend, with the token price reaching as high as $0.435 and 24-hour trading volume soaring by 85%. Analyst Ali Martinez noted that both Supertrend and TD Sequential have issued buy signals, suggesting that if ADA successfully breaks above the 50-day moving average at $0.51, even stronger upward momentum could follow.

The derivatives market also reflects a strong bullish sentiment. Data from CoinGlass shows that ADA futures open interest (OI) grew by 3.48% in 24 hours to $759 million; 4-hour OI also climbed over 3%, indicating traders are positioning for further upside.

As Midnight’s privacy features go live and the NIGHT token launches on global exchanges, Cardano’s competitiveness in privacy and scalability continues to strengthen. The market widely expects that ADA may see a new wave of trending price action catalyzed by this ecosystem upgrade.