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Cardano Records 99.5% Turnout in Latest Governance Vote

Albert Brown
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Cardano Records 99.5% Turnout in Latest Governance Vote

Data shows that 99.5% of the 4.657 billion ADA in delegated stake was used to cast votes through Delegated Representatives (DReps).

Input Output Global (IOG) CTO Romain Pellerin highlighted this figure in a tweet today. The voting event, part of Cardano’s Voltaire governance era, gathered input across three categories: Yes, No, and No Confidence.

Of the total votes, 3.57 billion ADA, approximately 76.18%, supported the proposed measure. Meanwhile, 918.19 million ADA voted against it, and 169.17 million ADA were cast as votes of no confidence. The remaining 0.5% of the delegated stake did not participate.

Cardano’s Voltaire framework enables on-chain decision-making through a liquid democracy model. Under this system, ADA holders delegate their governance power to DReps without losing custody of their funds. Their voting power is measured by the amount of ADA allocated to them.

These representatives vote on network-wide proposals, ranging from hard forks to treasury decisions. Notably, voting rights are transferable anytime, providing ADA holders flexibility.

Full Governance Following Plomin Hard Fork

The governance capabilities used in the recent vote became fully operational after the Plomin hard fork in January. This upgrade activated core features of Cardano’s governance infrastructure, including treasury withdrawals and the role of DReps.

As a result, ADA holders were able to assign their voting power or retain it, depending on their desired level of participation.

Following this development, users could vote directly, assign votes to a DRep, abstain, or register a no-confidence stance. The system kept staking rewards unchanged for those choosing not to participate in governance, mirroring pre-hard fork operations. This allowed seamless transition into the new model without affecting existing staking incentives.

Flexible Voting Options

The foundation for this governance flexibility began with the Chang hard fork, introduced last year. At that point, the network added new options for ADA holders to determine how actively they would engage with on-chain decision-making. This allowed the community to choose between passive delegation and active governance, depending on their preference.

Cardano Founder Charles Hoskinson noted at the time that governance participation remained optional and would not affect staking benefits. Users could opt out of the voting process entirely while continuing to receive regular rewards through their delegated pools.

Expert Predicts Bitcoin Next Targets As BTC Crosses $95K

Lele Jima
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Expert Predicts Bitcoin Next Targets As BTC Crosses $95K

Popular Bitcoin maximalist Mike Alfred predicts the next move for BTC as the premier asset surpasses the $95,000 price mark.

In a tweet today, Alfred boldly asserted that Bitcoin would reclaim the $95K level and continue moving forward. Shortly after this assertion, Bitcoin surged past the $95,000 mark, climbing to a daily high of $95,768. 

Bitcoin Crosses $95K Mark 

It bears mentioning that BTC’s price repeatedly flirted with the $95,000 mark in recent days. Bitcoin’s attempts to break above this mark in the past few days have failed several times. 

On April 23, it came close to hitting $95,000 multiple times, with its price reaching a daily high of $94,535. After several attempts, the leading asset dropped to a low of $91,696 the following day.

Interestingly, Bitcoin resumed its efforts to reach the $95,000 psychological target today and has now achieved the milestone. Bitcoin is trading at $95,500, up 2.64% in the last 24 hours.

Bitcoin above 95000
Bitcoin above $95,000 | CoinMarketCap

Alfred Sets Next Bitcoin Targets 

Following Bitcoin’s surge above the $95,000 mark, Alfred expects Bitcoin to continue its sprint toward the $109,000 territory. He emphasized that there is nothing but clear air between the $95,000 mark and the projected target of $109,000, indicating that Bitcoin will not encounter any significant resistance along the way. 

Further, the Bitcoin maxi projects that Bitcoin will continue its ascent toward a lofty target of $315,000. Similarly, he does not think BTC will face any resistance on its potential rise to the $315,000 mark, as he expects nothing but clear skies for the premier asset. 

Timeline for Bitcoin Surge to $315K 

For context, Alfred has remained confident in Bitcoin’s rise to $315,000 in the past two years. He first issued the bullish prediction in January 2023, when Bitcoin was trading around $16,000. At the time, he predicted that Bitcoin would clinch this ambitious milestone by Q4 2025. 

The expert believes that once Bitcoin eventually reaches the $315,000 target, it would be completely irrelevant whether investors bought it at around $60,000. 

Reaching the $315,000 target requires a 229% increase from the current price of $95,500. At this price, Bitcoin’s market cap would soar to $6.25 trillion, assuming the circulating supply remains stable at 19.85 million BTC. 

Meanwhile, the Bitcoin maxi slammed BTC bears, noting that they are in ‘complete disarray’ amid the asset’s latest move above the $95,000 mark. He warned his followers not to bet against Bitcoin, as the premier asset has a tendency to ‘break anyone who fades it.’ 

UAE’s ruya Becomes First Islamic Bank to Offer Bitcoin Investments via Mobile App

Abdulkarim Abdulwahab
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UAE’s ruya Becomes First Islamic Bank to Offer Bitcoin Investments via Mobile App

UAE digital bank Ruya (stylized as ruya) has become the world’s first Islamic bank to directly offer Bitcoin and other crypto asset investments through its mobile app. 

This new service is a part of Ruya’s strategic initiative to combine the rapidly expanding crypto scene with the ethical framework of Islamic banking.

Shari’ah-Compliant Approach to Crypto Assets

The development comes from a partnership between ruya and Fuze, a licensed digital asset infrastructure provider. Notably, this move ensures that all offerings are fully Shari’ah-compliant, adhering to the principles of Islamic finance. 

This collaboration will provide secure access to Bitcoin and other crypto assets while maintaining Islamic finance’s values of ethical investing, fairness, and transparency.

Christoph Koster, Ruya’s CEO, expressed the company’s commitment to transforming the financial scene in the UAE. He emphasized that the firm maintains a dedication to ethical Islamic banking, which is in line with its mission.

The platform promises to offer customers peace of mind that their investments align with Islamic principles.

Supporting the UAE’s Virtual Asset Growth

The launch comes when the UAE has seen explosive growth in crypto assets. In the year leading up to June 2024, the country received over $30 billion in crypto assets, marking a 42% increase from the previous year. This highlights the UAE’s growing role as a leading hub for digital finance in the MENA region.

Now, ruya aims to make crypto asset investments a seamless part of everyday banking, presenting an alternative to speculative trading. Unlike other outlets focusing on short-term, high-risk crypto investments, ruya claims to offer a sustainable and responsible way to participate in the digital economy.

Moreover, ruya also strongly focuses on customer support, ensuring users are well-equipped to make informed investment decisions. The bank offers access to expert guidance through community and hybrid call centers, which allows customers to better understand the opportunities and risks of investing in crypto assets.

XRP Inching Closer to a Historic Breakout to $10, Says Korean Elliott Wave Analyst

Abdulkarim Abdulwahab
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XRP Inching Closer to a Historic Breakout to $10, Says Korean Elliott Wave Analyst

XForceGlobal, Korea’s first certified Elliott Wave analyst, has presented a bold, data-driven forecast for XRP. 

He stressed that the digital asset is setting up for a bull run that could propel it to new all-time highs. According to XForceGlobal, XRP is making significant moves on shorter time frames, presenting clues about how it might reach new highs. 

He noted that the asset has surged 40% from its previous lows but is currently experiencing a short-term pullback, which, according to him, is nothing to worry about.

XRP Corrective Phase Complete

Notably, the analyst highlighted that XRP has completed a WXY corrective pattern and is now setting the stage for a continuation of its larger bullish cycle.

The initial wave W was the market’s first reaction to the take-profit trend following a strong rally, during which XRP experienced a six-fold price surge. Wave X, the connector wave, briefly resumed the prior bullish trend but lacked strong momentum.

Wave Y then completed the correction with another structured move to the downside, forming a second zigzag. Together, this W-X-Y sequence concludes the corrective phase. This potentially marks the end of the retracement and sets the stage for the next impulsive move.

He characterized XRP’s decline from its January 2025 peaks as a healthy, controlled retracement rather than a bearish breakdown. During this period, the price of XRP dipped by approximately 51%, from $3.34 to $1.64. At press time, the asset is trading at $2.19, having rebounded by 33.54%.

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XRP chart by XForceGlobal

XRP Positioning for Wave 3 of a Larger Bull Market

XForceGlobal believes XRP is now in wave 2 of a larger fifth wave, meaning the next major move could be a powerful wave 3. This setup could drive XRP prices significantly higher in the coming months if validated.

His projected targets range from $10 to $20 or even $40, depending on the strength and extension of waves 3 and 5 in the macro structure. 

To put it in perspective, his minimum target of $10, which he has consistently maintained, would represent a 350% gain from current levels. The higher target of $40 would equate to an astonishing 1,726% surge.

Korean Markets Syncing with the XRP/USD Chart

Another major point in XForceGlobal’s analysis is the behavior of the Korean spot markets, which he refers to as the “main driver” of XRP price action. Historically, Korean exchanges have often been the first to identify major tops and bottoms, and they are now signaling that a bottom may be in.

Interestingly, he pointed to the synchronization between XRP’s Korean won (KRW) chart and its USD chart as particularly significant. “We’re seeing the same structure on both charts. That adds conviction that wave 2 may be complete,” he explained.

Smart Money Positioning, DCA Strategies

XForceGlobal also believes that smart money is already positioning itself in XRP and that retail interest is returning. In contrast to Ethereum and Solana, which he believes have seen fading enthusiasm, XRP’s community and fundamentals remain strong.

He noted that XRP’s investor base and sentiment have held up better than most of its peers.

Meanwhile, he observed that many investors are still on the sidelines. The analyst predicted that XRP will likely finish this cycle with a vertical, parabolic move to the upside, sparking a new wave of FOMO.

While the possibility of another downside move exists, he suggested that dollar-cost averaging may be more effective than chasing momentum during this phase.

Analyst Says Either Way, Shiba Inu Is at a Great Buy, Citing Possible Repetitive Fractal

Elendu Benedict
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Analyst Says Either Way, Shiba Inu Is at a Great Buy, Citing Possible Repetitive Fractal

Recent analysis suggests Shiba Inu is selling at a massive discount, as possible fractal repetition could ensure it rallies to unprecedented prices.

Analyzing the Shiba Inu chart in a TradingView commentary yesterday, market watcher “SABoikie” emphasized the memecoin’s bullishness if it repeats a fractal price action from the previous cycle. His analysis highlighted a possible rally to an extended resistance trendline on the weekly timeframe if the growth pattern from the last cycle repeats.

A Good Buy Regardless

The second-largest meme coin by market cap recently gained momentum alongside the broader cryptocurrency market, rallying by nearly 15% since the start of the week. With its bullish price action continuing today, Shiba Inu is on track for its eighth consecutive green day, according to market data.

Nonetheless, the asset is still miles away from its yearly high and all-time high. As a result, analyst “SABoikie” views a SHIB accumulation at this point as a good buy. Furthermore, he predicts that the token might repeat the success of its last cycle with a similar fractal pattern.

An accompanying chart shows that the token broke out from a wedge in September 2021, accompanied by a rally to an ascending trendline, which marked its peak and current all-time high at $0.00008854. While prices have retraced over 84% from the high, SHIB seems to be forming a similar fractal pattern.

SHIB Price Analysis
SHIB Price Analysis

The doggy-themed meme coin is trading below a falling trendline, which kicked in after its early December high of $0.00003343, with its recent uptrend drawing it closer to the tip of the supply zone. While the analyst admitted that the asset faces strong resistance at this point, he stated that a break above $0.000014 would ensure Shiba Inu enters a consolidation phase again.

Per the chart, SHIB would target the ascending trendline, where it peaked in the last cycle upon breakout. Notably, this trendline currently lies above $0.00010, suggesting a rally of over 607% from the current market price if SHIB captures it.

Interestingly, analysts like “illagodzilla” and “Cap. Parabolic Turbulence” support this price target, with the commentators predicting a rally to $0.000173 and above $0.00010, respectively.

Shiba Inu Targets $0.000015 Next?

Meanwhile, analyst Lingrid has highlighted positive Shiba Inu price actions, suggesting further upside. In a Wednesday analysis, he stressed that the bullish momentum would push SHIB back towards March’s price high.

She stressed that Shiba Inu formed a double bottom in early April and has bounced from the support around $0.00001028 to trend on an ascending wedge. Most recently, it retested the bottom of the trendline, with the support at $0.00001250 holding firm.

Moreover, the token regained momentum from this support to break and close above another crucial support level at $0.00001313. Amid the momentum, the analyst predicts further upsides, with the next target an uptick to $0.000015.

Shiba Inu Analysis
Shiba Inu Analysis

In the meantime, SHIB trades at $0.00001414, up 3% today.

Dogecoin Breaks Out, Signals Potential 170% Moonshot: Analyst

Albert Brown
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Dogecoin Breaks Out, Signals Potential 170% Moonshot: Analyst

Dogecoin breaks out of a falling wedge pattern, signaling the potential for a bullish trend reversal, according to a prominent market watcher.

Dogecoin (DOGE) has shown significant upward momentum over the past week, rising from around $0.16 to slightly over $0.18 between April 19 and April 25, 2025. This 7-day performance reflects a solid 17.2% increase, with a 24-hour figure of +6.1%. The recent price surge is accompanied by a breakout from a falling wedge pattern, signaling a potential for further gains.

Dogecoin Breaks Out

The breakout from the falling wedge pattern is a notable technical development, often seen as a bullish reversal signal. According to an analyst on TradingView, the pattern had previously held DOGE within a downtrend, testing resistance at $0.28 in February and again at $0.16 in April. 

Notably, the recent breakout, which occurred near the $0.18 mark, comes with rising volume and reclaiming previous support levels. These indicators suggest a potential trend reversal and a continuation of the upward movement.

The falling wedge pattern typically signals a shift from a bearish to a bullish trend, and DOGE’s breakout aligns with this. With strong support at the $0.143 and $0.16 levels, the analyst is targeting a price of approximately $0.46, representing a 170.59% rise from the current value. 

Dogecoin Price Prediction
Dogecoin Price Prediction

Dogecoin Could See $1?

Furthermore, other market analysts have noted the potential for a bigger spike in Dogecoin’s price. Trader Tardigrade, an analyst on X, also confirmed that DOGE has broken through a significant mid-term resistance trendline. 

According to Tardigrade, the breakout is not a false one, and the price movements resemble those seen in February 2024, which preceded a massive price rally. If the current momentum continues, Tardigrade suggests a significant surge could push DOGE past the $1 mark by May 2025. This prediction builds on the earlier price action of DOGE, which has already begun to show strength. 

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Dogecoin chart by Tardigrade

Growing Bullish Sentiment

The bullish outlook for Dogecoin is also supported by a surge in DOGE Futures Open Interest, as observed by data from Coinglass. Open interest refers to the amount of capital locked in DOGE futures contracts, which has risen by 8.58% to $2.01 billion, a level last seen in late March 2025.

This increase reflects the growing confidence in the asset, with more capital being invested in DOGE futures as traders take long positions in anticipation of future price increases.

Dogecoin Open Interest
Dogecoin Open Interest

Dogecoin Breakout Rally Hits $0.18: Is $0.25 Next Amid Rising Long Positions?

Albert Brown
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Dogecoin Breakout Rally Hits $0.18: Is $0.25 Next Amid Rising Long Positions?

Dogecoin hits $0.1825 with rising long positions. Can bullish momentum push DOGE past $0.2131 and toward $0.25?

As Bitcoin sustains above the $93,000 mark, meme coins are on a bullish run. Over the past 24 hours, the market capitalization of the meme coin segment has surged by 8.60%, reaching $56.47 billion.

Amid the bullish recovery, the biggest meme coin, Dogecoin, with a market cap of $27.20 billion, has increased by 6.30% over the past 24 hours. Currently, DOGE trades at a market price of $0.1825, teasing a potential breakout of the $0.20 level. 

Will this breakout rally drive Dogecoin for a 2x rally? Let’s find out.

Dogecoin Price Analysis

In the daily chart, the Dogecoin price action showcases a bullish breakout from a falling wedge pattern. The breakout occurred with a 12% surge on April 22, creating a bullish engulfing candle.

The breakout rally has surpassed the 50-EMA line and the 23.60% Fibonacci level at $0.1820. With a new streak of bullish candles, the meme coin is projecting a trend reversal.

Dogecoin Price Chart
Dogecoin Price Chart

Currently, the intraday candle shows lower price action and reveals a bullish struggle to sustain above the 23.60% level. With the short-term turnaround, the MACD and signal lines are on the verge of entering positive territory.

Furthermore, the newly formed positive histograms reflect increased bullish momentum. As the meme coin surpassed the 50-day EMA, the next dynamic resistance stands at the $0.20 psychological mark and the 100-day EMA line.

As the wedge breakout rally gains momentum, the Fibonacci levels suggest the next price target is $0.2131, at the 38.20% level.

Long Positions Build Up Anticipate Extended DOGE Price Recovery

As the Dogecoin breakout rally gains momentum, bullish sentiment in the derivatives market is increasing. According to Coinglass, long positions in Dogecoin derivatives have witnessed a sharp spike.

The long-to-short ratio chart reveals that 63.66% of positions are long, built up over the past few hours. This pumps the long-to-short ratio to 1.7518 and fuels the possibility of an extended recovery.

Dogecoin Long/Short Ratio Chart
Dogecoin Long/Short Ratio Chart

Analyst Signals 600% Dogecoin Rally Incoming

As the short-term price analysis reflects significant upside potential for Dogecoin, Trader Tardigrade, a crypto analyst, targets a massive upswing. The analyst anticipates a potential 600% surge for Dogecoin.

In the price chart, the analyst highlighted a long-standing support trendline, which previously gave a 200% and 400% rally. With the new price target of 600%, the analyst expects a price surge to $0.93.

SUI Price Surges 70% in a Week: Can It Hit $5 Soon?

Albert Brown
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SUI Price Surges 70% in a Week: Can It Hit $5 Soon?

SUI has surged 70% in the past seven days and is currently trading at $3.55. With bullish technicals, rising TVL, and an ecosystem revival, could the rally push SUI past $5?

With the bullish recovery in the crypto market, SUI has been one of the top performers over the past week. The SUI cryptocurrency has surged nearly 70% over the past seven days.

Currently, it is trading at $3.55, with a 24-hour rally of 16.88%. As the uptrend gains momentum, will the ecosystem boost and new partnerships drive the SUI price trend beyond the $4 mark? Let’s find out.

SUI Price Analysis

As predicted in our previous SUI price analysis, the Falling Wedge breakout rally has led to a sharp recovery. The uptrend has surpassed the 200-day EMA line and the 23.60% Fibonacci level at the $3 psychological mark, with a streak of five consecutive bullish candles.

SUI price chart
SUI price chart

With a fresh surge in bullish momentum, the MACD and signal lines have surged into a positive trajectory.

Additionally, the massive spikes in positive histograms highlight a strong possibility of an uptrend continuation. With the growing bullish influence, the uptick in the 50 EMA line teases a potential golden crossover.

Furthermore, the 100 and 200 EMA lines will likely regain positive alignment. Hence, with the breakout rally gaining momentum, the Fibonacci levels suggest the next crucial price target near the $5.29 peak.

This highlights a 50% upside potential. On the other hand, a potential retest of the broken 23.60% Fibonacci level at $3.00 will likely signal a buy-the-dip opportunity.

SUI Network Revival Records Key Metrics Surge

In a recent tweet, LookOnChain highlighted the sudden revival of the SUI ecosystem. The total value locked (TVL) of the SUI network has increased by nearly 40%, reaching $1.645 billion.

Furthermore, the volume of decentralized exchange trading over the past 24 hours has been close to $600 million. This marks a 177% surge over the past week.

Additionally, the stablecoin supply on the SUI network has seen rapid growth in the last two months, increasing from $482 million to $879 million, accounting for an 82% increase.

Hence, with the massive turnaround in the SUI network, the uptrend in its market price is likely to continue.

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Bitcoin Nears $95K Breakout with Whales and ETFs Buying Spree: Is $100K Next?

Albert Brown
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Bitcoin Nears $95K Breakout with Whales and ETFs Buying Spree: Is $100K Next?

Bitcoin struggles below $95K amid profit-booking by short-term holders and miners. Will institutional demand and whale accumulation lead to a breakout rally?

Following an intense bullish start this week, the bullish momentum in Bitcoin and the crypto market is gradually waning. With the loss of momentum, Bitcoin is back at $93,308, with an intraday pullback of 0.75%. 

This comes with the bullish struggle to sustain above the $94,000 level. Will rising institutional support and declining exchange supply help Bitcoin sustain the recovery rally?

Bitcoin Price Analysis: Key Barricade Near $95K

In the daily chart, the BTC price trend showcases a double-bottom breakout rally gaining momentum. The uptrend has surpassed the 100 EMA line to reach the 78.60% Fibonacci level at $94,959.

BITSTAMP:BTCUSD Chart Image by Trojan69420

After a streak of six consecutive bullish candles, the Bitcoin price witnessed an intraday pullback. This reflects a sudden decline in bullish momentum, increasing the possibility of a potential retest.

However, the prevailing recovery run has led to a massive uptick in the 50-100 EMA lines, teasing a bullish crossover. Furthermore, the prevailing surge in momentum sustains the positive trend in the MACD and signal lines. This highlights the possibility of a potential breakout rally.

Based on the Fibonacci levels, the 78.60% Fibonacci level breakout at $94,959 will likely push past the $100,000 mark. This could drive BTC prices to the 100% Fibonacci at $106,184.

On the flip side, crucial support remains at the 100 EMA line at $87,850.

New Wave of Positive Inflows Surge Bitcoin Demand

Over the past 5 days, U.S. Bitcoin spot ETFs have recorded consecutive net inflows. On April 17, ETFs recorded $107 million in inflows, peaking at $936 million.

On April 24, the daily total net inflows stood at $442 million. BlackRock accounted for an inflow of $327 million, followed by ARK Invest at $97.02 million. 

Bitwise and Invesco saw inflows of $10.2 million and $7.5 million, respectively, while other ETFs recorded zero flow. The continuous surge in ETF inflows fuels rising demand and the possibility of an extended rally.

Whales and Sharks Add More BTC as Prices Bounce Back

Along with the Bitcoin ETFs, crypto whales are expanding their Bitcoin portfolios. As per the recent tweet by Santiment, the 11% Bitcoin value surge has led to a new buying spree by key Bitcoin whales and sharks. 

According to the data, Bitcoin wallets holding 10 to 10,000 BTC have added 19,255 BTC tokens over the past week. With the enormous surge in whale and shark holdings, the demand for Bitcoin could continue to surge. 

However, the recent price surge has led to a minor profit booking by short-term holders and Bitcoin miners. 

Profit Taking

According to a tweet by Maartunn, an analyst for CryptoQuant, short-term holders are booking profits. In the past 24 hours, the STH P&L to Exchanges data reveals 47,428 BTC in profits sent to exchanges. This is one of the largest profit-taking spikes from short-term holders in the past few weeks.

Additionally, Bitcoin miners have added supply to the market during the recent recovery run. Ali Martinez, a crypto analyst, has highlighted that early miners realized a profit surge to $18.57 million as Bitcoin crossed the $93,000 mark.

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While the short-term supply surge seems to be the reason behind the intraday pullback, the growing support from institutions and crypto whales will likely propel BTC prices higher.

Cardano Founder Confirms Lace Wallet to Support XRP

Lele Jima
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0
Cardano Founder Confirms Lace Wallet to Support XRP

Crypto users will soon be able to store, send, and receive XRP through the Cardano Web3 non-custodial blockchain wallet, Lace. 

This comes after Cardano Founder Charles Hoskinson announced plans to add XRP support to the ecosystem’s native wallet. The Cardano founder recently announced the initiative in a ‘Surprise AMA’ session on YouTube. 

During the session, which lasted over three hours, a user asked Hoskinson whether he was still discussing potential partnerships with the Ripple team. In response, Hoskinson confirmed that things are moving well between the IOG and Ripple teams, suggesting their initial rivalries are behind them. 

Lace Wallet to Support XRP 

As for potential partnerships, he revealed that the development team behind Cardano–IOG intends to add XRP support for Lace Wallet. 

He opined that the support will enable XRP users to hold their XRP coins in the Lace Wallet. In addition to storing XRP on Lace, users would be able to send and receive the coin.  

Recall that the IOG launched Lace on the Cardano mainnet in April 2023, referring to it as the most innovative and secure wallet platform. At its launch, it only supported Cardano native assets like ADA. 

However, the team has released interesting updates over the past few months to transform Lace into a multi-chain wallet. Last month, it added support for Bitcoin, allowing users to store, send, and receive BTC. 

Now, Hoskinson has revealed plans to integrate XRP into the Lace Wallet. However, he did not reveal when this integration will happen. 

XRP to be Part of Midnight Airdrop 

Further, the Cardano founder reiterated that XRP users will also participate in the upcoming airdrop for the Midnight token, NIGHT. For context, Midnight is a privacy-focused blockchain that allows decentralized applications to handle sensitive data while maintaining transparency and security. 

Like most blockchain projects, Midnight has two native tokens: NIGHT and DUST. While NIGHT serves as Midnight’s governance token, DUST will be used for shielded transactions. 

Earlier this month, Hoskinson revealed plans to airdrop NIGHT tokens to 37 million users across 8 blockchains, including XRP’s underlying network, XRP Ledger (XRPL). In his recent AMA session, he confirmed that XRP holders are still eligible for the NIGHT airdrop, which is expected to be distributed in the coming months. 

Ripple Invites Hoskinson to Speak at an Event 

Lastly, the Cardano founder disclosed that Ripple’s CTO, David Schwartz, invited him to speak at a Ripple event. While he did not provide many details about the invitation, it signals a strong vote of confidence in him from the Ripple team.

With Hoskinson and the Ripple team having reconciled, both sides have hinted at potential partnerships involving RLUSD and Midnight. The integration of XRP into Lace and Schwartz’s invitation for Hoskinson to speak at a Ripple event suggest that the relationship between the two parties is evolving.

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