Cardano (ADA) Founder Charles Hoskinson Announced That They Are Working on a Major Development

Cardano founder Charles Hoskinson made noteworthy statements regarding the Cardano ecosystem and the Midnight project. Hoskinson stated that they are working on a major development outside of cryptocurrency, adding that it will be a “Joe Rogan-level” announcement.

Hoskinson stated, “I have something really special that has nothing to do with crypto, and it‘s going to be huge. I can’t wait to talk about it once it‘s announced. It’s something on the level of Joe Rogan, its massive.”

Hoskinson also touched upon Cardano‘s past price performance, reminding those who say Cardano is dead that $ADA previously rose from $0.025 to $3. Hoskinson responded, “Don’t tell me Cardano is dead. $ADA dropped from $1.48 to $0.025, then went up to $3. As long as you have a philosophy, a mission, and a goal to solve real problems, youre never completely out of the game.”

According to Hoskinson, if Midnight is successful, a new structure capable of reaching $10 billion in size could emerge within the Cardano ecosystem. Hoskinson stated that Midnight offers a significant testing ground, particularly in terms of privacy, cross-chain transactions, and agentic trading standards, and that the project could create a “snowball effect.”

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Cardanos founder stated that Midnight supports agentic standards like OWS and x402, and that these are being developed within Midnight City. Hoskinson noted that agentic trading provides a strong testing ground for intent-based transactions and multi-chain signatures, and that successful implementation of this system could accelerate growth.

Hoskinson also argued that Midnight could pave the way for significant growth in the private Bitcoin DeFi space. According to him, Bitcoin could be represented on Midnight in a tax-neutral, custody-free format; users could lend private stablecoins, transact on different networks like XRP, HYPE, ETH, and SOL, and move their earnings to any ecosystem they choose through atomic cross-chain swaps.

Hoskinson, also mentioning Michael Saylor, said he would respectfully welcome a model in the Bitcoin DeFi space that allows users to easily buy Bitcoin, store it in their own wallets or with a multi-signature structure, and earn returns. According to Hoskinson, such an approach could create a new DeFi layer on top of Bitcoin by allowing billions of dollars worth of Bitcoin to be held in users own custody structures.

*This is not investment advice.