The post Charles Hoskinson Announces ADA Airdrop as Midnight Protocol Nears Launch appeared first on Coinpedia Fintech News
Cardano’s ADA surged 5.2% to $0.70, with trading volume spiking 40% in the last 24 hours. While the price action alone turned heads, according to Charles Hoskinson, something bigger is brewing behind the scenes, and it could reshape the Cardano ecosystem entirely.
Here’s Charles Hoskinson Midnight plan!
JUST IN: #Cardano$ADA Founder Charles Hoskinson says "if Midnight is successful, it's the single biggest economic event in the history of Cardano." pic.twitter.com/wJw0SKD2Kg
— Angry Crypto Show (@angrycryptoshow) June 9, 2025
Cardano X Midnight = Mass Adoption?
During a recent AMA, Hoskinson referred to the Midnight protocol as the most significant economic development in Cardano’s history. Designed to enable cross-chain DeFi and confidential smart contracts, Midnight aims to connect Cardano, Bitcoin, and other blockchains through a novel infrastructure powered by zero-knowledge cryptography.
He described the trio of Cardano, Bitcoin, and Midnight as a potential “triumvirate” capable of solving complex financial problems. By combining Bitcoin-grade security with Cardano’s smart contract flexibility, Midnight could create a new standard for scalable and secure blockchain interoperability.
Brian Quintenz Pledges to Tackle Crypto Regulation if Approved by Senate
,
Fairgate and Operator Economy Set the Foundation
Midnight’s infrastructure will be supported by Fairgate, a modular stack that combines Cardano-native tools like Hydra and Blockfrost, as well as experimental efforts such as Thundercloud. Anyone running a full node or light client with the right stack can become an operator, facilitating transactions with either high speed or deep security, depending on user preference.
Hoskinson confirmed the use of BitVMX to transition Fairgate toward supporting Bitcoin Script and RISC-V, enabling long-term scalability secured by Bitcoin’s base layer.
ADA Airdrop 2025
The Midnight Foundation plans to launch a Token Generation Event in the coming weeks, with ADA holders receiving the largest airdrop share. Other chains, including Ethereum, Solana, and XRP Ledger, will also participate.
Meanwhile, Hoskinson confirmed ongoing discussions with global asset manager Franklin Templeton, suggesting that institutional interest in Cardano and Midnight is building. As the Midnight Foundation becomes operational, Cardano’s vision of secure, interoperable finance may be closer than ever.
function subscribed_popupmodal(template_id) { var templateId = ‘6’; getAllSubscriberCategoryList([templateId]); var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’); if (subcribemodal) { var modalContent = `
Never Miss a Beat in the Crypto World!
Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now
if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal =
`
You’ve Unsubscribed Successfully
We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!
Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!
`;
let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]); let subscribedCategoriesString = subscribedCategories.join(‘, ‘);
subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById(‘selectidname’)) { document.getElementById(‘selectidname’).textContent = subscribedCategoriesString; }
function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal
// Function to get cookies function getCookie(name) { let value = “; ” + document.cookie; let parts = value.split(“; ” + name + “=”); if (parts.length == 2) return parts.pop().split(“;”).shift(); }
// Get user token from cookies const userToken = getCookie(‘user_token’);
if (subscribewithoutData === ‘true’ && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id);
// Remove the flag and category ID from localStorage localStorage.removeItem(‘subscribe_without_Login’); localStorage.removeItem(‘subscribe_clicked_id’); } });
var listItems = document.querySelectorAll(‘.subscription-options li’); if (listItems.length === 0) return;
var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(‘input[type=”checkbox”]’); if (checkbox) { if (checkbox.checked) { item.classList.add(‘active’); anyActive = true; // Set anyActive to true } else { item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked } } });
}
function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent=”Subscribe Now”; } else { subscribeButtonSpan.textContent=”Unsubscribe”; } } }
function updateSubscriptionButton() { var listItems = document.querySelectorAll(‘.subscription-options li’); if (listItems.length === 0) return;
var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(‘input[type=”checkbox”]’); if (checkbox) { if (checkbox.checked) { item.classList.add(‘active’); anyActive = true; // Set anyActive to true } else { item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked } } });
// Update the button text based on whether any list item has the ‘active’ class updateButtonText(anyActive); } document.addEventListener(‘click’, function(event) { var clickedItem = event.target.closest(‘.subscription-options li’); if (clickedItem) { var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });
FAQs
What is Cardano’s Midnight protocol?
A Cardano sidechain using zero‑knowledge tech to enable cross‑chain DeFi and confidential smart contracts.
When is the Midnight airdrop for ADA holders?
The Glacier Drop airdrop is due in 2025; exact date TBA. ADA and other chain holders will receive NIGHT and DUST.
What real-world impact did the Cardinal launch have on ADA price?
ADA jumped 5.2% to $0.70, and volume surged 40% after Cardinal enabled Bitcoin DeFi bridging.