Cardano Midnight Volume Crashes 45%, but Price Still Up

Midnight (NIGHT), a privacy-centric blockchain of the Cardano ecosystem, jumped into the top 100 in less than three weeks after the token's launch. In 24 hours, it has outperformed all major rivals and shines as one of the best-performing coins.

Midnight (NIGHT) price in best performers, cements itself in top 100

Today, on Dec. 27, 2025, while the cryptocurrency market benchmark is down by 1.3%, only a few cryptocurrencies managed to deliver positive gains. NIGHT, the core native utility and governance crypto of Midnight Network, is among the top performers.

In 24 hours, NIGHT gained 7%. The price of NIGHT hit a local high over $0.086323. The aggregated capitalization of NIGHT jumped past $1.4 billion.

The token is only outperformed by Zcash (ZEC), the flagship coin of the Q4, 2025 privacy crypto season. ZEC's price surged by 13.8% and hit $508.

Canton Network (CC), an RWA-focused blockchain, saw its token posting similar gains. On ultra-low trading volume, the capitalization of CC exceeded $4 billion.

As covered by U.Today previously, Midnight Network, launched on mainnet this December, is an EVM-compatible privacy-centric spin-off of Cardano , a veteran PoS blockchain.

The blockchain is designed to meet the increased interest in private DeFi as well as the interoperability between Cardano's UTXO design and EVM blockchains.

ZEC, XMR in green: Privacy coins rally is back?

Cardano founder Dr. Charles Hoskinson is betting big on Midnight, comparing it to the "Manhattan project" of crypto.

All top-five cryptocurrencies are down today. The aggregated capitalization of the crypto market has all chances to drop below $3 trillion.

By contrast, privacy coins like Zcash (ZEC) and Monero (XMR) are gaining traction. It is interesting that both are rivals for the 22nd largest cryptocurrency position.

ZCash (ZEC), Monero (XMR) and some smaller cryptos like COTI, TORN, RAIL were catalyzed by the "privacy rally" momentum in the last months of 2025.

Indian law enforcement has arrested a former Coinbase customer service agent in Hyderabad in connection with the exchange's data breach disclosed in May, CEO Brian Armstrong announced Thursday.

"We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice," Armstrong wrote on X. "Another one down and more still to come."

The breach, which began in Dec. 2024, involved cybercriminals bribing offshore customer service representatives to obtain user data including names, addresses, phone numbers, and government IDs. Coinbase disclosed in a filing with the Maine Attorney General's Office that 69,461 users were affected. The attackers demanded a $20 million ransom, which Coinbase refused, instead launching a matching bounty for information leading to arrests.

A Fortune investigation traced the breach to agents at TaskUs, a Texas-based business process outsourcing firm with operations in India. TaskUs told Fortune that it identified two employees who were allegedly "recruited by a much broader, coordinated criminal campaign against [Coinbase] that also impacted a number of other providers servicing this client." 

Coinbase confirmed $307 million in breach-related expenses in its Q2 earnings report, covering remediation and customer reimbursements. The company faces a shareholder class action lawsuit over alleged delayed disclosure.

The arrest comes one week after the Brooklyn District Attorney's Office indicted Ronald Spektor, 23, on 31 counts for allegedly stealing $16 million from approximately 100 Coinbase users through a separate phishing scheme. Blockchain investigator ZachXBT contributed to identifying the suspect.

Coinbase shares fell about 1.2% to $236.90 on Friday, per The Block's Coinbase stock price page. Indian law enforcement has not made a public statement regarding the arrest.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The team’s X post on the v2.2.5 rollout states that a new video feature has been added to the Atoshi mobile app for early adopters who install the latest build via the link in the announcement. Mechanically, this expands the app’s functionality and may increase user engagement and time in-app, especially if video is tied into the project’s Web3 and community-mining narrative. For ATOS price, higher engagement can support long-term fundamentals if it translates into more active users and on-chain activity, but the immediate effect is mainly narrative-driven and likely to produce modest, sentiment-based trading rather than a structural supply shock.

Turbo’s team will host “Dinner with $TURBO #7,” a live update session streamed via Höms’ X account using StreamYard at 20:00 CET (19:00 UTC), as detailed in the official X post. Mechanically, this is a recurring community call where developers and hosts share project updates and interact with holders in real time. For a meme-driven asset like TURBO, these sessions can influence short-term price by shaping sentiment around progress, upcoming initiatives, or community strength. Active discussion and positive messaging often boost social volume and speculative interest, which can translate into increased trading volume and intraday volatility.

According to the X Space announcement, LBank will host “$LC Unwrapped, Inside the Ecosystem and What’s Coming Next” with representatives from Shiba Inu and LC SHIB on 28 December 2025 at 11:00 UTC. Mechanically, this is a live information event where teams can outline ecosystem development, integrations, or strategic direction to a trading-focused audience. For price, such sessions often act as catalysts for short-term speculative flows: traders position ahead of potential disclosures and react quickly to any roadmap clarity, product hints, or liquidity-related comments, which can drive intraday volatility in LC and SHIB around the broadcast window.

According to Sharplink co-CEO Joseph Chalom, Ethereum could see a major jump in total value locked (TVL) next year if certain onchain trends pick up.

Chalom put a bold number on it: 10X TVL in 2026. That claim ties together rising stablecoin use, bigger tokenization of real-world assets, and increased interest from big financial groups.

Stablecoin Activity On Ethereum

Based on reports, the total stablecoin market stands at about $308 billion now and could grow to $500 billion by the end of next year, a rise of roughly 62%.

Over half of all stablecoin activity — about 54% — happens on Ethereum. That math matters: more stablecoin flows on Ethereum tends to lift the protocol’s TVL because many of those dollars sit in smart contracts for swaps, lending, and liquidity pools.

Sharplink Gaming holds 797,704 Ether, worth roughly $2.30 billion at the time of publication, a signal that some public treasuries are already staking big bets on the network.

Tokenized Assets Gain Traction

Chalom also expects tokenized real-world assets to expand rapidly, forecasting a $300 billion market for RWAs in 2026 and saying tokenized assets will 10X in AUM next year as funds, stocks, and bonds get wrapped onchain.

He points to rising interest from mainstream firms like JPMorgan, Franklin Templeton, and BlackRock. Reports note that sovereign wealth funds may increase their Ethereum exposure by five- to tenfold, which could bring large, patient capital into tokenization projects and protocol deposits. Ethereum Price Action

Ethereum was trading near $2,921 on December 25, 2025, giving the network a market value of about $352 billion, while 24-hour trading volume came in at roughly $11.47 billion.

Over the course of 2025, ETH moved through a full market swing. It opened the year around $3,298, climbed to about $4,390 in August, and stayed below its record high of $4,942, before sliding back to the $2,921 area by year-end.

Price swings were heavy, with annual volatility close to 140%. Technical readings show mixed momentum. The weekly RSI sits at 41.7, placing Ethereum in a neutral-to-bearish zone, while the daily MACD histogram remains negative at -0.15. Price action has also been boxed into a narrow band between $2,774 and $3,038.

Futures data adds to the cautious tone. Total open interest stands near $37 billion, down 0.62% over the past 24 hours, pointing to reduced exposure from traders. Liquidation data shows more than $100 million in potential long liquidations clustered between $2,880 and $2,910, an area now seen as a key pressure point.