midnight

According to The Block, Coinbase announced the launch of fixed-rate Bitcoin collateralized loans through Morpho Midnight, allowing users to borrow USDC and determine the interest rate and repayment date at the time of borrowing. This new option is alongside Coinbase's existing floating-rate loans (based on Morpho Blue), which have outstanding loans exceeding $1.4 billion, corresponding to collateral of approximately $3 billion.Morpho launched Midnight on Base in July, introducing fixed rates and clear loan terms for on-chain lending. A Morpho spokesperson stated that Coinbase is the first mainstream consumer platform to offer Midnight loans on a large scale; since Midnight's launch, deposits have reached approximately $30 million. The outstanding loans for Morpho Blue across all integrations amount to $5.2 billion, with deposits reaching $16 billion.A Coinbase spokesperson did not disclose specific interest rates, stating that rates are determined by the supply and demand of both parties on the on-chain order book. Currently, Coinbase offers loans that mature at the end of the month or the end of the following month, and borrowers must repay before the due date; otherwise, lenders have the right to liquidate their collateral. Jacob Frantz, Coinbase's head of revenue and investment products, stated that Coinbase Borrow allows users to obtain liquidity without selling assets, and fixed-rate borrowing gives users greater choice in credit management. Morpho indicated that Midnight could also be used in the future to build structured credit products and loans collateralized by tokenized real-world assets, with more integrations in progress.

The cryptocurrency wallet application SecondFi tweeted a reminder for users affected by the previous security incident regarding the risks of claiming NIGHT tokens. Some affected users will have a window to claim NIGHT tokens on September 22, but the Midnight Foundation's system only supports claims from the original wallet addresses and cannot switch to other unaffected addresses. The affected wallets have permanently existing security risks. SecondFi advises users not to attempt to claim NIGHT through compromised wallets, or the tokens will face the risk of being stolen.SecondFi also stated that the NIGHT claiming process is independently managed by the Midnight Foundation, and its wallet migration tool and asset recovery tool do not cover NIGHT claims. Affected users should contact the Midnight Foundation directly. Previously, SecondFi experienced a security incident from June 21 to 23, resulting in approximately 16.1 million ADA (about 2.6 million USD) being stolen, involving 374 wallets.

The privacy-oriented public chain Midnight is preparing to open smart contract deployment on the mainnet.

According to CoinDesk, while Wall Street giants like JPMorgan and Citi have processed huge amounts of money through blockchain, tokenized payment services are still primarily aimed at institutional clients and licensed networks. JPMorgan's Kinexys blockchain platform has processed over $3 trillion, and Citi Token Services handles billions of dollars in cross-border payments daily, neither of which is open to regular savings users.The UK challenger bank Monument Bank is attempting to fill this gap. The bank has a balance sheet size of approximately $2.4 billion and plans to tokenize up to £250 million (about $335 million) of retail customer deposits on the privacy public chain Midnight. These deposits will still earn interest, be fully backed by the bank, can be exchanged 1:1 for pounds, and are protected by the Financial Services Compensation Scheme. The project utilizes zero-knowledge proofs to protect customer data and meet regulatory requirements, allowing users to engage without needing to understand or directly use cryptocurrencies.Mintoo Bhandari, founder of Monument Bank, stated that most tokenization projects are currently internal bank projects and have not yet truly allowed retail users to participate directly in tokenization. In the long term, the bank plans to offer fractional private equity, tokenized structured products, and Lombard loans to customers through regular banking applications under compliance, and is considering licensing related infrastructure to other banks through its subsidiary Monument Technology.

According to CoinDesk, London challenger bank Monument Bank has postponed its £250 million (approximately $330 million) project to tokenize UK retail bank deposits for several months, as the bank has been unable to find a local crypto custodian that meets the Financial Conduct Authority (FCA) standards and can handle zero-knowledge privacy proofs.Mintoo Bhandari, founder of Monument Bank, stated that the bank originally planned to tokenize customer deposits on the privacy public chain Midnight, hoping to launch the world's first tokenized deposits two months ago, but it is now expected to take another two months, with a retail customer launch in November. To meet regulatory requirements, the bank expanded its search for custodial partners to overseas, ultimately finding a Canadian custodian approved by the FCA.Midnight is a privacy-first Layer 1 blockchain project funded by Charles Hoskinson, which keeps customer information within the Monument system through zero-knowledge proofs while allowing the bank to prove compliance on-chain and provide audit records to regulators. Monument Bank announced the project in March this year, planning to offer tokenized private equity, structured products, and automated Lombard loans to "mass affluent" customers with investable assets ranging from £50,000 to £5 million.Bhandari stated that customer deposits will continue to earn interest, fully backed by Monument, and can be exchanged at a 1:1 ratio for pounds, protected by the Financial Services Compensation Scheme (FSCS), with a limit of £120,000 per person or company.

According to The Defiant, the decentralized lending protocol Morpho deployed its fixed-term, fixed-rate lending agreement Midnight to Ethereum on September 8, expanding the product from the Base network to Ethereum, allowing Ethereum users to access USDC loans collateralized by WBTC or cbBTC. Morpho co-founder Merlin Egalite stated that the Ethereum launch will start with the "USDC | cbBTC and USDC | WBTC markets" and will gradually expand.The core difference between Midnight and Morpho Blue lies in interest rate certainty. Blue uses open loans where interest rates fluctuate according to a formula; Midnight, on the other hand, trades credit units at market-priced rates with fixed terms, allowing borrowers to determine financing costs in advance, and lenders can lock in returns instead of bearing interest rate changes with each block. Midnight lenders purchase credit units at prices below the one-to-one redemption value at maturity.However, the largest potential source of funds for Midnight remains constrained. The Morpho Vaults, holding approximately $5 billion in deposits, can only allocate to the Morpho Blue market until the DAO enables the Midnight configuration. Morpho co-founder and CEO Paul Frambot stated that enabling the Vault configuration requires just one DAO transaction, but Vault activation is expected to be achieved in the fourth quarter. At launch, the total deposits in the Ethereum Midnight market were approximately $7.41 million, with outstanding loans of about $2.63 million.

According to official news, The Sandbox announced the official opening of SAND compensation claims. Users affected by the cross-chain contract vulnerability incident involving Base and BNB Smart Chain (BSC) networks on August 22, who held bridged SAND on the affected networks before the incident, can receive full compensation in SAND on the Ethereum network at a 1:1 ratio. Eligibility for compensation is based on the on-chain balance snapshot before the incident and is unrelated to any transactions, transfers, or holdings by users after the incident.The Sandbox stated that eligibility for compensation is determined based on the on-chain balance recorded before the contract was compromised. The snapshot for the Base network corresponds to block 50283188 at 23:42:03 UTC on August 21, 2026, and the BSC snapshot corresponds to block 117322025 at 11:42:44 UTC on August 21, 2026.Users holding Base or BSC network SAND through centralized exchanges do not need to take any action, as The Sandbox is coordinating with the relevant exchanges to handle compensation; however, users holding SAND in personal wallets will need to claim it themselves. The claim period is from September 8 to September 22, 24:00 (UTC+8). Claims only require a transaction initiated from the original wallet that held SAND at the time of the snapshot, without the need for token authorization, signing off-chain messages, or transferring to any address.

Midnight Foundation posted on platform X that the Wanchain Cardano BNB cross-chain bridge has experienced a security attack. Currently, several major exchanges, including KuCoin, Kraken, Binance, Bybit, OKX, and MEXC, have quickly responded by taking preventive measures to restrict the flow of stolen assets, including freezing related accounts and addresses, blacklisting the attacker’s wallet, and suspending the deposit and withdrawal services for the NIGHT token.Exchanges have confirmed that this incident is an isolated third-party bridging vulnerability and is unrelated to the Midnight Network mainnet and the NIGHT asset itself.

Morpho officially released the "Morpho Midnight White Paper," announcing the launch of a new non-custodial protocol designed specifically for the fixed-rate, fixed-term credit market. At the same time, the complete codebase of Midnight has been open-sourced, and developers can access it directly through GitHub.

Cardano founder Charles Hoskinson announced the launch of the privacy-oriented sidechain Midnight, which has generated its genesis block, marking the official entry of the project into the operational phase.Midnight is developed by Input Output Global and is positioned as a "fourth-generation blockchain," aimed at driving real-world assets on-chain through end-to-end privacy capabilities. The network employs zero-knowledge proof (ZK) technology to achieve selective disclosure of data, meeting compliance requirements while protecting user privacy. Architecturally, Midnight has its own ledger, consensus mechanism, and smart contract environment, and connects with the Cardano ecosystem through interoperable design. Its hybrid ledger supports the simultaneous processing of public and private data within the same transaction and provides the ability to conceal balance and counterparty information. Additionally, Midnight introduces a programming language called Compact, lowering the barrier for developers to build privacy applications, and adopts a dual-token model to optimize network usage costs and incentive mechanisms.

According to CoinDesk, the Cardano ecosystem privacy public chain Midnight officially launched on Monday. The project is supported by approximately $200 million in funding from Cardano founder Charles Hoskinson, aiming to address what it sees as core design flaws in the cryptocurrency industry.Midnight is built on the Cardano ecosystem, positioning itself not to compete with Bitcoin or Ethereum, but to operate as a complementary network in parallel, allowing users and businesses to use blockchain more securely and conveniently by hiding sensitive data and reducing operational complexity.Hoskinson summarized the three core issues of the cryptocurrency industry as: insufficient privacy, operational complexity, and lack of compliance. In Midnight's design, users do not need to manage private keys themselves, transactions do not automatically expose balances or on-chain behavior, and in some scenarios, users may not even need to be aware of the underlying blockchain's existence.

According to the official announcement, Binance will launch the Binance Earn, Instant Swap, VIP Borrowing, and Margin features for Midnight (NIGHT) on March 11, 2026, at 23:30.Users can purchase NIGHT using a credit/debit card, Google Pay, or Apple Pay through one-click buy, and trade and exchange within one hour after the launch. Full margin and isolated margin trading pairs NIGHT/USDT and NIGHT/USDC will also be launched simultaneously.

According to the official announcement, Binance will launch Midnight (NIGHT) on March 11, 2026, at 23:30 and open trading pairs with USDT, USDC, BNB, and TRY, applicable to seed label trading rules.Users who use BNB to subscribe to principal-protected coin earning or on-chain coin earning products from 08:00 on February 16, 2026, to 07:59 on February 19, 2026, will receive an airdrop allocation, which is expected to be distributed to users' spot accounts within 4 hours after the announcement is made.

According to CoinDesk, Cardano founder Charles Hoskinson announced at the Consensus Hong Kong conference that the long-developed privacy blockchain Midnight will officially launch in the last week of March, operating as a partner chain of Cardano.Midnight is based on zero-knowledge proof technology and employs a "selective disclosure" privacy model: user transaction data is kept private by default and only specific information is disclosed to authorized parties when necessary. This design aims to balance the privacy protection of the blockchain with compliance requirements, supporting different levels of data access views for public, audit, and regulatory purposes. Hoskinson revealed that Google and Telegram have already participated in the collaboration.The concurrently launched Midnight City Simulation testing platform will be open to the public on February 26, simulating a real trading environment through AI agents to validate the network's proof generation and processing capabilities in large-scale scenarios.

According to official news, the data protection blockchain Midnight Network has announced that W3i Software has launched the privacy dollar stablecoin ShieldUSD, aimed at supporting real-world payments and financial workflows (such as payroll, B2B settlements, and institutional-level DeFi transactions) while maintaining privacy.Midnight stated that institutional users can prove the validity and compliance of transactions using ShieldUSD through encryption, without the need to disclose sensitive business or personal data.

The Solana ecosystem prediction market project Space announced that it will launch the $SPACE public sale on December 17 at 18:00 (UTC) (02:00 AM Beijing time on December 18, 2025). This public sale will adopt a fair price discovery mechanism, where all participants will ultimately purchase tokens at the same transaction price, with 100% unlocked at TGE. The public sale aims to raise $2.5 million, with a valuation range of $50 million to $99 million FDV.Space is positioned as a prediction market supporting up to 10x leverage, covering real-world events in crypto, macro, politics, sports, and more, utilizing a CLOB order book and offering a 0% Maker fee rate. The project features a token flywheel mechanism, where 50% of platform revenue will be used for the buyback and burn of $SPACE. The Space team comes from the project UFO, which had a market cap exceeding $1.5 billion in 2021, and the platform is scheduled to officially launch in January 2026.

Binance will launch the Midnight (NIGHT) trading competition on December 11, 2025, at 19:00, and the event will last until December 25, 2025, at 19:00. Participants will be ranked based on the total purchase volume accumulated during the event, and the top 20,500 users will share 34,850,000 NIGHT tokens.In addition, the Binance Alpha token recharge event will also start on the same day and will end on December 18, 2025, at 19:00. The top 18,100 users who complete the recharge will share 19,910,000 NIGHT. Rewards will be distributed before January 1, 2026, at 19:00.

According to the official interface, Binance Alpha has listed Midnight (NIGHT), currently priced at 0.046 USDT.

According to official news, to celebrate the launch of Midnight (NIGHT), MEXC has launched the Airdrop+ event, with a total prize of 50,000 USDT. The event is ongoing and will end on December 15, 2025, at 18:00 (UTC+8).It is reported that MEXC will open NIGHT/USDT spot trading on December 9, 2025, at 18:00 (UTC+8). On the same day at 18:10 (UTC+8), NIGHT U perpetual contract trading will be launched. Leverage of 1-20 times will be supported.