Cardano’s New ADA Initiative Targets Privacy and Compliance
Cardano founder Charles Hoskinson recently gave a bold label to the platform’s privacy spinoff, Midnight, describing it on X as the “Manhattan Project” of privacy-enhanced transactions (PET), chain abstraction, and smart compliance. This framing signals a serious approach rather than a casual initiative.
Hoskinson revealed he is producing 80-100 pages of technical documents daily in preparation for internal workshops scheduled for January. As he noted, this effort is powered by coffee, Eurodance remixes, and what he calls “some serious effort.” Reflecting on the ambitious timeline, he added, “2026’s body is not ready.”
Midnight Token Performance
On CoinMarketCap, NIGHT is trading at $0.07676, marking a 19.57% increase over the week. The token has a market capitalization of $1.27 billion and a 24-hour trading volume of $589.1 million. Weekly charts show early gains followed by a retracement to around $0.07, with sideways movement as the market evaluates whether Hoskinson’s statements are narrative-driven or indicative of real development progress.
January Workshops as a Key Milestone
The phrase “smart compliance” is particularly noteworthy. Unlike traditional privacy projects, which often adopt a rebellious marketing angle, Midnight aims to integrate privacy with regulatory frameworks. Hoskinson explained that this approach is likely to attract institutional attention and developer engagement.
Beyond technical specifications, Hoskinson confirmed he is also developing a nontechnical PET-focused book titled “The Land of PET,” designed for Midnight Ambassadors and the broader Cardano community. Analysts suggest that if January workshops yield a concrete roadmap, the “New ADA” initiative could evolve from a concept into a structured development plan, potentially shaping Cardano’s future through 2026.
