Binance, the world’s largest cryptocurrency exchange, has officially announced support for Midnight’s native token, NIGHT, fueling major excitement across the Cardano community. The exchange revealed through an X post on December 8 that Binance Alpha will list the NIGHT token, with eligible users able to claim their airdrop using Alpha points once trading begins on December 9. Binance noted that additional details regarding its full support for the Midnight network will be released soon.
Midnight, a zero-knowledge proof network built within the Cardano ecosystem, emphasized that the Binance listing will significantly expand NIGHT’s exposure and help onboard a broader user base. By entering a top-tier exchange, Midnight aims to accelerate the adoption of advanced privacy features across Web3. As a privacy-focused chain, Midnight positions itself as a rising competitor to networks like Zcash and Monero. Several major crypto exchanges, including Bybit, HTX and Bitpanda, have already confirmed their support for listing NIGHT. Cardano founder Charles Hoskinson also reacted to the momentum, highlighting developments surrounding Midnight’s upcoming launch.
The market responded swiftly to the news. ADA, Cardano’s native token, surged more than 4% to $0.435 within hours of Binance’s announcement. The price traded between $0.407 and $0.437 over the past 24 hours, while trading volume jumped 85%, signaling strong interest from traders. On-chain analyst Ali Martinez recently pointed to bullish indicators for ADA, noting buy signals from the Supertrend and TD Sequential. According to Martinez, ADA could gain stronger upward momentum after breaking above the 50-day moving average near $0.51.
Derivatives data further reflects growing optimism. CoinGlass reported that ADA futures open interest rose 3.48% to $759 million over the last day, with the 4-hour open interest climbing more than 3%, indicating bullish sentiment building across the market.
Comment 0