Charles Hoskinson

Midnight’s NIGHT token recovered after a sharp selloff tied to a Wanchain bridge exploit that drained a large amount of tokens. Charles Hoskinson framed the incident as evidence that crypto needs stronger zero knowledge based infrastructure rather than continued dependence on legacy bridge models.

Cardano developer Input Output is preparing to hand key software components to outside specialist teams, marking a major step in the blockchain’s decentralization roadmap. The transition comes as the network faces weak activity and a sharply lower ADA price, making execution a critical test for the ecosystem.