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How does Midnight help Cardano and ADA? Start with the airdrop: about half of the Glacier Drop's NIGHT, roughly 12 billion, went to ADA holders. That's the largest share of the eight networks included (BTC, ETH, SOL, XRP, BNB, AVAX, BAT).
There's also a build reason: as a Cardano partner chain, Midnight can check Cardano directly, while proving Midnight's state back to Cardano is harder. No date has been given for the two-way bridge.
Is the Cardano–Midnight bridge one-sided? For now, yes: the trustless route runs from Cardano into Midnight, not back. The new bridge module in node 2.1.101 stays switched off until Midnight governance enables it. A two-way bridge is planned, not built.
Why one-way first? Hoskinson says the whitepaper set it out from the start: one-way at launch, two-way after mainnet. NIGHT began on Cardano (Dec 2025), and the first route carries it into Midnight.
Midnight published the notes for node 2.1.101 (Nov 8), the release behind the Nov 6 Ledger 9 hard fork. DUST was reset at the fork: NIGHT held on Cardano and registered for DUST came back at its full DUST cap. Unused DUST from before the fork did not carry over.
The release also adds a Cardano-to-Midnight bridge module. It stays switched off until Midnight governance turns it on, so nothing changes for ADA or NIGHT holders yet.
WATCH🚨: @Cardano is expanding its institutional presence through a series of developments across traditional finance and global payments.
CME Group is preparing to list ADA futures, while Germany’s DZ Bank is enabling Volksbanks and Raiffeisenbanks to offer ADA to customers.
Meanwhile, the Cardano Foundation has joined Mastercard’s Crypto Partner Program, highlighting Cardano’s growing integration with banking services, financial markets, and payment infrastructure.
The Cardano Foundation joined Switzerland's CMTA (Oct 29), the industry body that writes the standards for issuing company shares as tokens on a blockchain.
What it means: a Swiss company could put its shares on Cardano and have the tech side certified. What it doesn't: each share issue still needs its own legal review, debt isn't covered, and it's no endorsement of ADA.
JUST IN: RealFi CEO John O'Connor says "I really think we can drive a lot of value in Cardano. We've launched there first, I have strong ties to the ecosystem. We're the only tokenized fund on Cardano. Ultimately, I think we can drive tens of millions of dollars of TVL on $ADA."