Charles Hoskinson just gave Cardano’s privacy spinoff a major label, telling X that Midnight is set to become the “Manhattan Project” of privacy-enhanced transactions (PET), chain abstraction and smart compliance. He is not framing this as a weekend brainstorm. According to Hoskinson, he is writing 80-100 pages a day of technical documents in preparation for internal workshops in January, fueled by coffee, remixed Eurodance and what he calls “some serious effort.” Then came the punchline: “2026’s body is not ready.”
The one-week chart reflects this: a rapid rise earlier in the week, a drop back into the $0.07 area and then sideways movement as traders decide whether the tweets are just narrative fuel or a sign of real delivery pressure. The “smart compliance” wording is the giveaway. On CoinMarketCap, NIGHT is priced at $0.07676, marking a +19.57% increase over the week. It boasts a market cap of $1.27 billion, with a 24-hour trading volume of $589.1 million following a period of consolidation.
Midnight is going to be the Manhattan Project of PET, Chain Abstraction, and Smart Compliance. The replies, Hoskinson confirmed that he is also working on a nontechnical PET book called “The Land of PET,” aimed at Midnight Ambassadors and the broader community. This seems to be narrative packaging for a bigger rollout. If the January workshops result in a concrete roadmap, the “New ADA” concept could cease to be a mere idea and begin to resemble a 2026 development plan.
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