The post Cardano Creator Reacts to ‘New ADA’ $1 Billion Day as XRP Falls Behind appeared on BitcoinEthereumNews.com. A token for Cardano’s privacy-focused networkThe post Cardano Creator Reacts to ‘New ADA’ $1 Billion Day as XRP Falls Behind appeared on BitcoinEthereumNews.com. A token for Cardano’s privacy-focused network

Cardano Creator Reacts to ‘New ADA’ $1 Billion Day as XRP Falls Behind

2025/12/14 17:43

A token for Cardano’s privacy-focused network, Midnight (NIGHT), entered active market trading, recorded more than $1 billion in 24-hour volume and market cap, even ranking ahead of XRP by turnover on Bybit.

Of course, the main man behind Cardano, Charles Hoskinson, reacted to the astonishing milestone, though in a laconic manner, saying that $1 billion in volume is an “absolutely remarkable” achievement for a new token.

Now to NIGHT, which traded at around $0.069 across major exchanges, pushing its market capitalization above $1 billion. The volume-to-market-cap ratio currently stands at 96.5%, so to say that the trading activity for the token many may see as the “new ADA” is hot is to underestimate it.

As was mentioned above, Bybit, the second largest cryptocurrency exchange in the world, alone accounted for over $650 million in turnover, with Binance, Alpha, OKX, KuCoin and Gate following close behind. This confirms that the activity was widespread, not isolated.

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Midnight is not marketed as a meme or a short-term narrative asset. It is positioned as a programmable privacy network built on zero-knowledge proofs, dual-ledger architecture and selective disclosure tooling aimed at enterprises, identity systems and compliant DeFi.

NIGHT price chart reflects hype

After trading below $0.05 for most of the session, NIGHT surged into the $0.07 zone in a near-vertical move, then entered a consolidation band between $0.066 and $0.071.

For traders, the $1 billion print indicates that Midnight has joined the conversation about liquidity with top-tier Layer-1 ecosystems. For developers, it suggests an early commitment of capital ahead of mainnet tooling and the rollout of zero-knowledge (ZK) applications.

For Cardano itself, Midnight’s breakthrough redefines the ecosystem as a multi-network stack in which privacy, compliance and scalability can coexist without compromises.

Source: https://u.today/cardano-creator-reacts-to-new-ada-1-billion-day-as-xrp-falls-behind

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U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

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The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
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BitcoinEthereumNews2025/09/18 09:14