said<\/a> the deal makes sense because compliance officers can write scripts defining what\u2019s allowed and how assets interact with other chains while staying compliant with UK regulation.<\/p>\nHe credited Fahmy Syed, who formed over 100 partnerships in nine months at the Midnight Foundation, with closing the deal.\u00a0<\/p>\n
The partnership creates a direct path to syndicate similar deals with U.S. and European financial institutions and the Bank of England.<\/p>\n
Monument wants to step into what Hoskinson calls the \u201cWeb 2.5 space\u201d\u2014one foot in traditional regulated business and one foot in crypto with rules and control. \u201cThere really isn\u2019t a bespoke chain for that,\u201d Hoskinson said.<\/p>\n
Why Midnight Exists<\/p>\n
Hoskinson built Midnight as a programmable privacy system designed for AI agents.\u00a0<\/p>\n
Users in the next five to 10 years will no longer browse websites manually\u2014they\u2019ll delegate tasks to agents that handle crypto transactions.<\/p>\n
\u201cMidnight is an agentic native system,\u201d Hoskinson explained.\u00a0<\/p>\n
The platform combines privacy, chain abstraction, and smart compliance, and uses proofs to verify that agents perform as intended.<\/p>\n
Charles Hoskinson said that everyone everywhere can see crypto transactions forever, with no opt-out. \u201cThen why do you want it with your money?\u201d he said. Midnight uses zero-knowledge proofs to let users prove facts without revealing underlying data.<\/p>\n
The Dual Token Model<\/p>\n
Midnight uses two tokens: Knight and Dust. Knight is public, tradable on exchanges, and controls governance. Dust is private, non-transferable, consumptive, and not listed on exchanges.<\/p>\n
Knight generates Dust and consumes it in transactions. The separation solves Ethereum\u2019s problem where speculators want prices up while users want prices down.\u00a0<\/p>\n
\u201cYou can list a privacy coin on exchanges that ban privacy coins,\u201d Hoskinson said.\u00a0<\/p>\n
Meanwhile, Midnight will likely be the first privacy coin listed in Japan and South Korea.<\/p>\n
How Midnight Boosts Cardano<\/p>\n
Midnight\u2019s security comes from Cardano stake pool validators. Validators making blocks on Cardano also make blocks on Midnight\u2014two income streams instead of one.<\/p>\n
The Glacier Drop airdrop distributed tokens to eight ecosystems across seven chains. Cardano got the largest amount.\u00a0<\/p>\n
Approximately one million people participated, and Midnight became the first Cardano native asset listed on Binance spot.<\/p>\n
Image: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"The $250 Million Monument Deal Hoskinson said the deal makes sense because compliance officers can write scripts defining…\n","protected":false},"author":2,"featured_media":15691,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[24,8148,8111,5893,5892,132,1429,5891,11634,8149,11635,11636],"class_list":{"0":"post-15690","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-google","8":"tag-ai","9":"tag-category-cryptocurrency","10":"tag-category-markets","11":"tag-category-news","12":"tag-cms-wordpress","13":"tag-google","14":"tag-google-ai","15":"tag-pageisbzpro-bz","16":"tag-symbol-ada","17":"tag-symbol-btc","18":"tag-symbol-eth","19":"tag-symbol-sol"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/15690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=15690"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/15690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/15691"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=15690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=15690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=15690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}