Cardano (ADA) Surges 4% as Binance Lists Midnight’s NIGHT Token

Binance just handed Cardano a major boost—and ADA holders are cashing in.

The world's largest exchange announced support for Midnight's NIGHT token, a privacy-focused blockchain built on Cardano. The news sent ADA's price climbing 4% in a single session, proving that ecosystem developments still move markets.

Why This Listing Matters

Midnight isn't just another side project. It's a data-protection protocol designed to let developers build compliant, privacy-preserving applications. Think of it as a regulated backdoor for smart contracts—offering user privacy while keeping regulators at bay. Binance listing NIGHT validates the tech and, more importantly, brings fresh capital and attention to the entire Cardano stack.

The Ripple Effect on ADA

ADA's jump isn't just speculative froth. It's a direct response to increased utility and network activity. When a major application like Midnight gains exchange support, it drives demand for the underlying fuel—ADA. More transactions, more staking, more locked value. It's the flywheel effect every Layer 1 dreams of, finally spinning for Cardano.

A Cynical Take from Finance

Let's be real—a 4% pop won't erase the memories of the last bear market. In traditional finance, this would be a rounding error, maybe a slow Tuesday. But in crypto, it's a headline. It shows how hungry this market is for any narrative that smells like progress, especially when it comes wrapped in a Binance announcement. Sometimes, the market doesn't need a fundamental revolution—just a decent catalyst and a short memory.

The move signals growing institutional comfort with privacy chains, provided they play by the rules. For Cardano, it's a step toward proving its ecosystem can birth real, tradeable assets. For traders, it's a reminder: in crypto, the news flow is still the alpha.

TLDR

• Binance announced it will list Midnight network’s NIGHT token on December 9, with eligible Binance Alpha users able to claim airdrops
• Cardano (ADA) price jumped 4% to $0.435 following the Binance listing announcement on December 8
• Trading volume for ADA increased 85% in 24 hours after the news broke
• Midnight is a zero-knowledge proof network built on Cardano that focuses on privacy features for decentralized applications
• Large whale wallets holding 10-100 million ADA tokens accumulated 160 million tokens since December 2

Binance announced support for the Midnight network’s NIGHT token on December 8. The listing caused Cardano’s ADA price to rise more than 4% within hours.

Binance Alpha will be the first platform to feature Midnight (NIGHT) on December 9.

Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.

Please stay tuned to Binance’s official… pic.twitter.com/CXWKNhHW6D

— Binance Wallet (@BinanceWallet) December 8, 2025

ADA traded at $0.435 following the announcement. The 24-hour low reached $0.407 while the high hit $0.437.

Midnight is a zero-knowledge proof network built on Cardano. The network provides privacy features for decentralized applications. It competes with other privacy chains like Zcash and Monero.

Binance Alpha users can claim NIGHT token airdrops using Binance Alpha points when trading begins on December 9. The exchange said it will share more details about Midnight support soon.

Midnight stated the Binance listing will introduce NIGHT to more users. The team expects it to speed up adoption of privacy features across Web3.

Other exchanges including Bybit, HTX, and Bitpanda already announced NIGHT token listings. Cardano founder Charles Hoskinson shared details about the upcoming Midnight launch in response to the announcements.

Trading Activity Increases

Trading volume for ADA surged 85% in the 24 hours after the listing announcement. This shows growing interest from traders following the news.

Futures market data from CoinGlass showed total ADA futures open interest climbed 3.48% to $759 million in 24 hours. The 4-hour open interest for ADA futures ROSE more than 3%.

Data from Santiment shows whale wallets holding between 10 million and 100 million ADA tokens accumulated 160 million tokens since December 2. During this same period, wallets holding between 1 million and 10 million ADA tokens sold 90 million tokens.

Market Indicators Show Positive Signs

Coinglass funding rate data turned positive on Monday. The metric read 0.0074% on Tuesday. This means long position holders are paying short position holders. When funding rates flip from negative to positive, ADA price has historically rallied.

The Relative Strength Index on the daily chart sits at 43. It points upward toward the neutral 50 level. The Moving Average Convergence Divergence showed a bullish crossover last week.

Cardano broke above a falling wedge pattern on December 3. The price found support NEAR the upper trendline before rising 3.71% on Monday.

SuperTrend just flashed a buy signal for cardano $ADA. pic.twitter.com/DqV11b01oa

— Ali (@ali_charts) December 4, 2025

Crypto analyst Ali Martinez pointed out buy signals from Supertrend and TD Sequential indicators. Martinez stated Cardano WOULD gain upward momentum after breaking above the 50-day moving average at $0.51.