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Cardano founder Charles Hoskinson announced the launch of the privacy partner chain Midnight mainnet. It features a hybrid ledger architecture with ZK zero-knowledge proofs and a dual-token system, securing a £250 million tokenization partnership with Monument Bank. He has named this week "Midnight Week" and stated in the announcement that "cryptography is responding to a systemic crisis," claiming that Midnight is the infrastructure that the entire crypto industry needs. Not a sidechain, not L2, what is Midnight? Midnight is positioned as Cardano's "partner chain," developed by IOG and managed by the Midnight Foundation, deeply integrated with the Cardano main chain, but operating independently, with its own consensus and fee mechanisms. Hoskinson emphasized in the release that the design intention of this architecture is not to replace Cardano but to provide a compliant parallel track for institutional applications that require privacy protection. ZK zero-knowledge + hybrid ledger: how is privacy achieved? Midnight's core technology employs a hybrid ledger architecture: only public state hashes are stored on-chain, while all private data is processed entirely off-chain, with only ZK-SNARKs zero-knowledge proofs being put on-chain. This zero-knowledge system is based on the Kachina framework, utilizing the Pluto-Eris elliptic curve, with all proofs generated locally on the user's device, meaning private messages never leave the user's hands. Selective disclosure is Midnight's compliance tool: users can prove their age, credit score, and KYC compliance to regulators or partners without exposing underlying data: a verifiable but non-revealing design logic. In terms of smart contract language, Midnight has launched Compact, a TypeScript-style language that requires developers to explicitly declare which data falls under the private category when writing contracts, attempting to "build in" privacy design rather than making it an "add-on." The official claim is a performance of over 1,000 TPS, with block confirmations under 1 second. Dual-token system: NIGHT and DUST Not much use talking about it, check it out yourself 😄 Ecosystem partners: From Google Cloud to MoneyGram, the ecosystem partner list announced alongside Midnight's launch covers multiple industry depths: cloud infrastructure includes Google Cloud and Blockdaemon, payment scenarios involve MoneyGram, communication layers include Telegram and Vodafone's Pairpoint, and fintech includes eToro and AlphaTON. The most notable is the tokenization partnership agreement signed with the UK Monument Bank, worth £250 million (approximately $320 million). Hoskinson described it as "one of the most important partnerships in history," covering the tokenization of deposit certificates and other bank assets on-chain. In terms of market positioning, Hoskinson clearly stated that Midnight's target audience is not users of privacy coins like Monero or ZCash, but institutional clients that need to handle sensitive data within a compliance framework. He also revealed that Midnight's technical architecture is designed to be extensible to Bitcoin and XRP Ledger, not limited to the Cardano ecosystem. ADA dropped to $0.24 Just as Hoskinson declared this a turning point in crypto history, ADA has currently dropped to $0.24, touching its lowest point since June 2023. Some in the community mocked: Midnight's privacy technology is indeed advanced enough that its potential for growth is kept under wraps from the entire market. Cardano forever🤣🤣🤣🤣 I'm a hater, just sharing the upgrade content. I highly do not recommend you buy this token🤣🤣 $ADA

The cryptocurrency world in recent years can be said to have magnified human nature to the extreme. You think you are trading, but in reality, you are battling your own greed, fear, and luck. During a bull market, everyone feels like a genius, every random purchase goes up, and once leverage is applied, the world is yours. Not long ago, there were countless stories about financial freedom, but now it has turned into a reality show of forced liquidations. Huang Licheng, 335 liquidations. You read that right, it's not 3 times, not 35 times, but 335 times. This is no longer trading; this is being repeatedly educated by the market, and every lesson is very expensive. From once making 1.4 billion to now losing 1 billion, the period in between is not called volatility; it's called a plot twist in life. What's even harsher is that the account is left with only 30,000 dollars. The cruelest part of the market has never been whether you will lose, but rather that it will make you believe you won't lose when you are winning a lot. Then you slowly increase your position, amplify your leverage, boost your confidence, and in the end, take everything back in one last go. Many people laugh at such stories, but if you break down the elements of leverage, frequent trading, and emotional highs, it's really just amplifying the mistakes that most retail investors make by 100 times. The market has never lacked geniuses; what it lacks are those who can survive until the end. Some people lose because they can't understand trends, some lose because they can't control risks, but more people lose because they don't know when to stop, which is very similar to day trading in the stock market, where they always believe they will win. 335 liquidations are not just a record. It's more like a reminder that if you don't have risk control, the market will do it for you. What you earn by luck will ultimately be lost by skill. $ETH

Last night's 8 hot topics that everyone was discussing (4/28) 1. Aave's firefighting action DeFi United has raised over 132,000 ETH (over $300 million), fully covering the previously calculated gap of about $160 million. Consensys founder Lubin personally contributed 30,000 ETH, and Circle simultaneously bought AAVE to support the situation. 2. Bitcoin spot ETFs have seen net inflows for 9 consecutive days, accumulating $2.1 billion this round, setting the longest record since 2025, with BlackRock seeing nearly $1 billion in inflows last week alone. 3. Bernstein: BTC at $60,000 is already a phase bottom, with 60% of the chips not moving for over a year, institutional funds continue to enter, and this bull market cycle will be longer than before. 4. Galaxy Digital-related addresses deposited 15,000 ETH (about $34.74 million) into exchanges, with the funds being withdrawn from Aave on the day of the Kelp incident, closely tracked on-chain. 5. MegaETH's TGE is the day after tomorrow, with Polymarket predicting a 90% chance of the first day's FDV breaking $1 billion and a 59% chance of breaking $1.5 billion, with pre-market MEGA reported at $0.17, up nearly 10%. 6. Strive bought another 789 BTC, raising its total holdings to 14,557 BTC, with an average price of about $77,900, as institutional accumulation continues. 7. Microsoft and OpenAI's collaboration "unbundles*", no longer exclusively holding the latest model IP, with Microsoft briefly dropping 4% in pre-market. 8. Nvidia rose 4% to set a new historical high, with a market cap of $5.2 trillion, as expectations for AI chip demand continue to support stock prices upward. 9. Most importantly… as shown in the image $DOGE $BTC #加密立法倒计时：525最后窗口

Is the crypto space regressing by ten years? Hong Kong Web3 Carnival Has it turned into a direct sales conference? "China's Buffett" and Happy Planet gather together. The 2026 Hong Kong Web3 Festival, although positioned as an industry event, was filled with numerous direct sales and grassroots promotion projects, even featuring "China's Buffett" promoting AI stock trading and U.S. stock listings. Hosted by Wanxiang Blockchain Lab and HashKey Group, and organized by W3ME, the 2026 Hong Kong Web3 Festival took place from April 20 to 23 at the Hong Kong Convention and Exhibition Centre. Officially, this event is touted as an important Web3 and cryptocurrency industry conference in Asia, gathering exchanges, public chains, developers, regulatory representatives, and industry professionals to discuss digital assets, Web3 infrastructure, and regulatory trends. However, as the event concluded, a completely different observation emerged from the community: beneath the surface crowd, some participants and KOLs pointed out that the venue was filled with projects heavily flavored with "direct sales" and "grassroots promotion," with even older attendees being brought to the exhibition area to hear narratives about high returns, financial freedom, and NASDAQ listings. Many industry insiders lamented that what should represent the forefront of the industry, the Web3 festival, instead presented an absurd sense of "industry regression by ten years." Public chain events are left with only "how to survive the bear market": founders personally struggling to hold on. During the Web3 Festival, the atmosphere of multiple public chain and project events starkly contrasted with the rapid expansion seen during the last bull market. In the past, public chain events often featured ecosystem subsidies, developer tools, application explosions, and capital narratives, but this year, the keywords heard more frequently were "how to survive the bear market." Many projects at booths or surrounding activities no longer had complete marketing, operations, or BD teams; apart from a few technical personnel, only the founders remained. This scene left some attendees feeling quite disheartened. What was originally expected to be a showcase for the Asian Web3 industry instead resembled a microcosm of a retreating tide of funds: the number of people truly working on technology and products has decreased, replaced by a large number of grassroots-style pitches focusing on "getting rich quick," "going public," "hundredfold returns," and "financial freedom." The quality issues of the Web3 Festival did not just emerge this year. According to Scott's post on X, during the past events in 2024 and 2025, many unknown projects could set up booths simply by paying, but at that time, most participants were crypto workers and local Hong Kong audiences, without the KOLs on Twitter vocally criticizing, gossiping, and spreading the word, so the issues were not amplified. Scott believes that the sudden surge in discussions online this year is due to the cancellation of Token2049, which was originally to be held in Hong Kong, leaving a lack of large international events for industry professionals to attend, causing those who were still hesitating about coming to Hong Kong for BD to ultimately decide to go. Additionally, Binance hosted a Super Meetup, and with He Yi present, it attracted a large number of Chinese KOLs to take photos, collect merchandise, and participate in activities, which also led them to the Web3 Festival. Even sharper critiques pointed out that the crypto space, which should be discussing cryptography, financial infrastructure, on-chain applications, and regulatory developments, is gradually being packaged into faith, prophecies, and performance art. One netizen sarcastically remarked, "If the crypto space is turned into a faith-based system, it wouldn't be surprising if one day we invite Laozi to come and talk about coins." $OKB #玩转策略

BTC is currently trading in the range of $78,500 ~ $79,300. Today it has risen about 1.5% ~ 2.2%.  The high in the past 24 hours was close to $79,400, with a low of about $78,500. Market capitalization is around $1.57 ~ $1.59 trillion, with 24-hour trading volume maintaining above $20 ~ $40 billion. Bitcoin dominance has rebounded to over 60%, which is the first time this year, indicating that funds are flowing back from altcoins to BTC.  This rebound from the February low (around $62K) has exceeded 25%. It is currently in a long-term accumulation range of $70K ~ $82K (having accumulated for about 82 days). Moving Averages Short-term: BTC has risen above the 50-day EMA (around $70K ~ $72K) and is maintaining above the 20-day / 50-day SMA, showing a bullish arrangement. Medium to long-term: still contending near the 100-day MA (around $75K ~ $77K), while the 200-day MA is at a higher position (around $76K ~ $78K, slightly varying depending on the data source). Most short-term MAs (5/10/20 days) are showing Buy signals, supporting the current rebound. Overall: The price has emerged from the shadow of the "Death Cross," but to confirm a long-term trend reversal, it still needs to hold above $78K and break through $80K ~ $82K. MACD (Moving Average Convergence Divergence) The daily MACD has shown a bullish crossover (golden cross), with red bars expanding, confirming the rebound from $65K ~ $70K in early April. Momentum is strengthening, but if the histogram shortens, a short-term pullback may occur. Bollinger Bands The price is close to or touching the upper band, indicating an expansion of volatility. It is currently running above the middle band, supporting the continuation of the bullish trend, but caution is needed for profit-taking pressure when approaching the upper band. So, has the bear 🐻 been defeated? Let's discuss in the comments below～ $BTC #比特币ETF连续9日净流入，机构累计买入$21.2亿

The entire industry joins forces to save Aave from a $200 million bad debt Can DeFi United really fill the huge gap? In the face of the $200 million asset loss caused by the KelpDAO vulnerability, Aave's founder has led the establishment of the DeFi United fund, attempting to resolve the chain reaction through collective industry investment. Decentralized finance has a core tenet: users' money is safeguarded by code, and when something goes wrong, there’s no need to find anyone to take responsibility. Now, the largest lending protocol in DeFi, AAVE, is organizing the entire industry to pool funds and take responsibility. In the early hours of April 24, Aave founder Stani Kulechov posted on X, stating that he would contribute 5,000 ETH, worth about $11.5 million at the time, to a fund called "DeFi United". This money is intended to cover the gap. Earlier this week, a hacker exploited a vulnerability in the KelpDAO cross-chain bridge, creating a batch of fake tokens without any collateral backing, which were then used as collateral in Aave to borrow nearly $200 million worth of real ETH. Aave is the largest lending protocol in DeFi, managing over $30 billion in user assets. After the news broke, whales and institutional users quickly withdrew their funds, and within six days, Aave's total deposits plummeted by nearly $15 billion, draining the core liquidity pool. Those depositors who didn’t flee are now unable to withdraw their own money. According to CoinDesk, the utilization rate of the USDT and USDC liquidity pools once approached 100%. $200 million in funds stolen: Aave's core pool faces massive withdrawals Stani's tweet is worth pondering; he referred to Aave as his "life's work." When a founder publicly uses this term, it usually indicates that the situation has become serious enough to warrant a statement. Thus, DeFi United is an industry rescue mechanism led by Aave's founder. As of today, publicly committed contributors include Ethereum staking protocol Lido, restaking protocol EtherFi, the Golem Foundation, and Mantle under Bybit, among others. #KelpDAO危机终结：DeFi史上最大链上协作救援收官 $AAVE $ETH

"Sui's Largest Lending Protocol" Scallop Attacked 150,000 SUI Stolen, Full Compensation Promised The Sui ecosystem lending protocol Scallop has suffered an attack due to a side contract vulnerability, resulting in a loss of approximately 150K SUI (about $525,000) from the sSUI spool reward pool. The protocol has frozen the affected contracts and promised to fully cover the losses, ensuring that user funds are unaffected. In an official announcement tonight, Scallop stated that a side contract related to the sSUI spool reward pool was attacked, leading to the outflow of about 150,000 SUI, with estimated losses of around $525,000 based on current market prices. The official statement indicated that the affected contract has been immediately frozen, and the core contract of the protocol remains intact, with all other funds pools also unaffected. Only the sSUI reward pool was compromised, core contract is safe Scallop stated that the scope of this incident is clearly limited to the side contract of the sSUI spool and does not indicate any issues with the main structure of the protocol. sSUI is the yield certificate obtained by users after staking SUI in Scallop. The damaged contract is responsible for distributing spool rewards, not the core lending logic that manages user principal. Other currency pools, including USDC, USDT, wETH, etc., are operating normally. The protocol will fully compensate, users need not worry about losses Scallop has clearly promised in the announcement to bear 100% of the losses this time and will not pass the gap onto users. The team is currently actively investigating the attack methods and the flow of funds, and has stated that a complete post-mortem report will be released soon. For users holding sSUI or using Scallop's lending services, the protocol emphasizes that no proactive actions are required." $SUI

Litecoin Exploit Zero-Day Vulnerability, v0.21.5.4 Patch Released Urgently On the 25th, the Litecoin network experienced a 13-blockchain reorganization due to an MWEB input validation vulnerability, exposing approximately $600,000 in NEAR Intents assets to risk; the official team urgently released v0.21.5.4 patch and called on all node operators and wallet users to upgrade immediately. The Litecoin network faced a security incident on the 25th: an input validation vulnerability affecting the MWEB (MimbleWimble Extension Blocks) protocol layer was triggered, causing 13 blocks to be continuously reorganized (reorg) for over 3 hours. The normal block generation time for Litecoin is one block every 2.5 minutes. In the early stages of the incident, on-chain monitoring tools issued abnormal alerts, and some observers mistakenly judged it to be a 51% attack. After confirmation by the core development team, the root cause pointed to a logical flaw in the MWEB protocol itself, rather than external hash power hijacking. Core of the Vulnerability: MWEB Kernel Sum Imbalance According to the official Litecoin announcement, the main vulnerability (commit 1dcbf3f) allowed the MWEB kernel sum to fall into an unbalanced state, directly compromising the accounting integrity of MWEB inputs and outputs. Attackers could exploit this to unlock coins in MWEB and transfer them to third-party decentralized exchanges (DEX). Developer Loshan pointed out in the official announcement: "This release includes important security updates, and we strongly recommend all node operators and wallet users to upgrade as soon as possible (ASAP)." v0.21.5.4 also synchronously patched multiple related security issues: Added input commitment and public key dual verification for MWEB inputs (commit e7cbf1d), providing additional defense depth; fixed the kernel fee integer overflow issue during MWEB transaction verification (42e7071); cleared block data of mutated blocks to prevent miner DoS (742ee94); miners will no longer include MWEB transactions when the input/output commitment sums to zero (f423a84). NEAR Intents: $600,000 at Risk, Promises to Compensate Users NEAR Intents publicly stated that this chain reorganization event exposed approximately $600,000 in assets on its platform to potential risks. NEAR Intents has promised to compensate affected users and has suspended related LTC operations, waiting for network confirmation of stability before resuming. The network restored normal consensus later on the day of the incident, and after the official release of v0.21.5.4, all the aforementioned vulnerabilities have been patched. Ecosystem Resilience Background: MWEB Coverage Exceeds 90% Since MWEB was enabled in 2022, the current support rate for MWEB nodes has exceeded 90%, with a total balance of 260,000 LTC, making it a core pillar of Litecoin's privacy features. This vulnerability involved the accounting logic at the protocol layer, affecting not only specific wallets but all nodes running old versions are at risk. Additionally, v0.21.5.4 also synchronously launched stability fixes: including data corruption issues during PMMR rewind (23e5eac), improvements in MMR file write durability, and added MWEB view keys to wallet dumpwallet output, as well as fixing compatibility issues with Boost >= 1.78. Currently, the price of LTC is approximately $56.26. In March, the SEC-CFTC joint framework classified LTC as a "digital commodity," with continuous inflows into Spot LTC ETF funds; the LitecoinVM zero-knowledge aggregation testnet also went live in early April. This security incident is a sudden situation at the protocol layer, and the development team has responded quickly, with the long-term ecological development direction unchanged. $LTC

Whales have swept up 40,000 BTC in two weeks! Santiment: The strongest signal of a bull market is taking shape. On-chain analysis platform Santiment shows that wallets holding between 10 and 10,000 BTC have accumulated 40,967 bitcoins since April 10, worth approximately $3.17 billion, while retail investors only bought 46 during the same period. Santiment states that if whales continue to accumulate while retail investors start to take profits, this is "one of the strongest signals of a long-term bull market forming." Bitcoin nearly reached $80,000 on the 23rd of this month, just a step away, but has now returned to the $77,000 level. However, the driving force behind this surge is not retail sentiment, but the balance of whale wallets. In two weeks, 40,000 BTC were swept up, while retail investors only bought 46. Santiment pointed out that "key stakeholders" holding between 10 and 10,000 BTC are rapidly accumulating bitcoins. Since the 10th, whales have purchased 40,967 bitcoins, valued at approximately $3.17 billion at the time of writing. In contrast, the actions of retail investors are even more interesting, as wallets holding less than 0.1 BTC have only accumulated about 46 bitcoins during the same period, worth approximately $3.56 million. The scale difference between the two sides is nearly 900 times. Santiment states, "The ideal scenario is for large holders to continue accumulating while retail investors start to take profits," and this combination is "one of the strongest signals of a long-term bull market." Bitwise's European research director Andre Dragosch also stated on the X platform that "institutional demand for Bitcoin is clearly accelerating." In four days, sentiment flipped from "extreme pessimism" to FOMO. Santiment noted in another post that the sentiment of Bitcoin holders flipped from "extreme pessimism" on Monday to "super FOMO mode" on Thursday in just four days. However, the overall sentiment in the crypto market remains cold, with the Crypto Fear & Greed Index scoring 39, still in the "fear" range. The speed of the sentiment flip contrasts with the distance from the price, as BTC is still 3% away from $80,000, but holders' mentality has already priced it in. Santiment states that a BTC breakout above $80,000 will be key to reigniting traders' interest, but the ideal situation would be to break through when "optimistic sentiment has cooled slightly." The above is not investment advice. $BTC #BTC现货ETF累计突破50万枚

The card game monetization model has directly moved onto the blockchain ecosystem 666 The traditional mobile game "Pokémon" has already been very good at making money, relying on daily free pack openings + rare card effects + the psychological incentive of "just one more pack to hit it big." In its first year, revenue exceeded $1.3 billion (breaking the record of "Pokémon GO"). Now the blockchain version takes it a step further: • Platforms like Courtyard (Polygon), Collector Crypt (Solana), and Phygitals (Solana) store physical Pokémon cards in professional vaults, rate them, and issue corresponding NFTs 1:1. • Users can buy virtual packs (Digital Packs / Gacha Machine) on-chain, randomly opening NFTs, feeling just like opening a real pack. • After opening, they can be traded, lent, or staked instantly, completely decentralized, with no risk of physical shipping, and solving the fake card problem. • Some platforms even have instant buyback mechanisms (e.g., 90% of market price), providing extremely high liquidity. Data shows that the Gacha spending on these platforms is very fierce: • A small number of "whales" contribute over 90% of the spending (a typical monetization model on steroids). • Collector Crypt and others have monthly transaction volumes in the tens of millions of dollars, with annual revenues exceeding $100 million. • The overall tokenized Pokémon card trading volume easily surpasses $100 million, with some weeks seeing earnings soar into the millions. This is equivalent to combining the addictive nature of mobile game monetization + the real value of physical collectibles + the transparent liquidity of blockchain into one. Many people say this could be the next "Polymarket moment"—turning traditional collectibles into on-chain predictable, tradable, and yield-generating assets. It seems my grandfather's inherited Pikachu needs to see the light of day again and establish a new world order. #OKX星球话题来啦

Recently, on-chain analyst Abu La observed a special indicator with significant "market sentiment reference value" and named it the "King bro Index." The so-called King bro is a representative host figure in Hawk's evening sessions, whose movements in the community are often seen by many veteran players as a kind of "sentiment barometer." The core logic of this index is very simple: It counts the frequency of King bro appearing in other live streams and the duration of his stay. In the past, the norm was that King bro usually just made brief rounds, with an average stay time of less than 5 minutes, belonging to a quick observation type of operation. However, today, around 5 PM Beijing time, this indicator showed a significant anomaly— The King bro Index surged directly to a recent peak. Not only did the frequency of appearances increase significantly, but more importantly, his stay time in specific live streams broke through 30 minutes for the first time, far exceeding the usual level. This change is not a small matter in on-chain sentiment analysis. For those familiar with the Hawk ecosystem, King bro's presence often signifies more than just "watching a live stream"; it resembles a kind of capital sentiment, community expectations, and even subtle signals before a major market movement. Combined with the recent market's continued heating up of the World Cup Narrative, the intensity, topicality, and community capital attention have all risen in sync, creating a strong resonance effect. Therefore, on-chain analyst Abu La made a clear judgment: "Hawk is very likely to welcome a wave of explosive upward trends soon." #这届嘉年华我记住了这句话

I have a card in my hand I don't know if I can play it $BTC