Binance, the world’s largest crypto exchange, has announced support for the Midnight network’s new native token, NIGHT. The news immediately energized the Cardano community, pushing ADA’s price up by 4% within hours on December 8.
The announcement came through an official X post earlier today, where Binance Alpha confirmed plans to list the privacy-focused token.
Binance Alpha Confirms NIGHT Token Listing
As revealed in the X post, Binance Alpha stated that trading for the NIGHT token will open on December 9. Eligible users will also be able to claim their airdrop using Binance Alpha points once the market goes live.
The exchange noted that more information about its support for Midnight will be released soon. Midnight welcomed the development, saying that Binance’s listing will introduce NIGHT to a wider global audience.
According to the team, the listing will help attract new users, expand the network’s reach, and speed up the use of privacy tools across the Web3 ecosystem.
Midnight Aims to Lead Web3 Privacy
Midnight is a zero-knowledge proof network built to improve privacy for decentralized applications (Dapps) on the Cardano blockchain. Its technology allows developers to build dApps with stronger confidentiality features while staying compatible with Cardano’s infrastructure.
This positions Midnight as a rising competitor to well-known privacy chains such as Monero and Zcash. The token has already gained recognition across the industry. Exchanges like Bybit, HTX, and Bitpanda have confirmed that they will also list NIGHT, adding to the growing support for the project.
Cardano founder Charles Hoskinson reacted positively to the wave of announcements. He shared new details about Midnight’s upcoming launch and urged the community to stay alert for what comes next.
ADA Price Jumps as Traders Respond
The market reacted quickly to the Binance listing news. ADA climbed more than 4% to reach $0.435, after struggling to rebound for months. It briefly traded as high as $0.437 as buying activity accelerated.
Trading volume increased by 85% during the same period. This shows strong interest from traders who viewed the announcement as a bullish signal for Cardano’s ecosystem. Analysts also pointed out that the momentum may continue.
Ali Martinez, a well-known crypto analyst, noted buy signals for ADA from both the Supertrend and TD Sequential indicators. He added that ADA could gain more strength once it breaks above the 50-day moving average at $0.51.
Data from CoinGlass confirms rising confidence in the market. Total ADA futures open interest rose 3.48% to $759 million in the last 24 hours. The 4-hour open interest also grew by more than 3%, signaling that traders are becoming increasingly bullish.