Cardano’s privacy-focused blockchain Midnight went live on March 24, aiming to address shortcomings in privacy across the crypto industry, complicated operations, and a lack of compliance. The project was backed with a $200 million investment by founder Charles Hoskinson, helping users securely and conveniently use the blockchain.

Gate News message. On March 30, a suspected insider, low-frequency trading address began continuously buying a predicted event—"a U.S. invasion of Iran before the end of March"—starting yesterday (March 29) at around midnight. Its average position cost was 10¢, with $42,000 invested. Later, at 03:51 this morning (March 30), it sold at 46¢, earning $50,000 in profit. Previously, the same address had profited $150,000 from a prediction that the U.S. would strike Iran this year.

Cardano's ecosystem has made progress, with Midnight reaching an agreement with the UK bank Monument to tokenize £250 million in deposits on-chain. This marks a new step in the integration of traditional finance and blockchain, while also promoting the development of tokenized assets. However, Cardano still faces challenges in the DeFi space, and the ecosystem's activity level needs to be improved.

On March 26, the cryptocurrency market showed mixed performance. The top five gainers were Midnight (+7.62%), DeXe (+5.45%), Ondo (+1.23%), UNUS SED LEO (+0.80%), and Nexo (+0.70%). The top five losers were Siren (-27.08%), River (-18.29%), Kite (-14.06%), MemeCore (-10.62%), and Aave (-7.61%).

Regulated UK-based Monument Bank plans to tokenize approximately $335 million of retail customer deposits on the Midnight network. These deposits will continue to accrue interest and be fully insured under the Financial Services Compensation Scheme. In the future, tokenized investment products and asset-backed loan services will be launched.

On March 25, the top five gainers among the top 100 cryptocurrency tokens were Siren (+132.90%), MemeCore (+31.75%), Bittensor (+17.70%), Artificial Superintelligence Alliance (+7.29%), and Ethena (+6.95%). The top five decliners were Midnight (-10.18%), River (-9.48%), Sun (-5.64%), World Liberty Financial (-4.00%), and LayerZero (-2.28%).

Gate News, On March 25th, UK challenger bank (emerging digital bank) Monument Bank plans to tokenize up to £250 million (approximately $335 million) in retail customer deposits on the Midnight public blockchain network, becoming the UK's first regulated bank to implement this initiative on a public blockchain. The relevant deposits will continue to accrue interest, be fully backed, and be protected by the UK Financial Services Compensation Scheme.

On March 23rd in the cryptocurrency market, the top five gainers were Midnight (+11.84%), DeXe (+6.52%), Kite (+5.56%), Shiba Inu (+5.50%), and Pepe (+5.36%). The top five losers were River (-4.62%), Ethena (-3.41%), Decred (-3.15%), Kaspa (-3.04%), and TRON (-2.88%).

On March 23rd, Cardano (ADA) faced selling pressure, with prices retreating to $0.25, affected by the US-Iran conflict as market risk assets were liquidated. Futures contracts show shorts dominating, with technical indicators suggesting a breakdown below $0.22 could accelerate the downtrend. However, analysts identified buy signals, with ADA potentially maintaining above $0.23 potentially driving price increases. Meanwhile, the development team released Node 10.7.0, laying the groundwork for future upgrades, and Midnight privacy sidechain launching this week could bring growth potential.

On March 12, among the top 100 cryptocurrencies by market cap, River (RIVER) had the highest gain at +22.15%; Midnight (NIGHT) had the largest decline at -8.18%. Additionally, tokens such as Pi, Sky, Bittensor, and Render also showed varied gains.