The dispute began after Blockfrost added Filecoin integration, giving Cardano developers access to premium cloud storage. Hoskinson had openly supported the move, describing it as part of a broader effort to strengthen infrastructure options within the Cardano network.

However, the decision reportedly created tension with Iagon, which already provides decentralized storage and compute services within the same ecosystem. Because both platforms operate in similar areas, many community members viewed the Filecoin integration as a direct source of competitive pressure for Iagon.

Tensions rose when Hoskinson accused Iagon’s leadership of opposing Input Output Global’s treasury proposals for reasons unrelated to their merit. According to him, the resistance was driven more by frustration and rivalry than by governance concerns.

This is the exact point. The fact pattern is unambiguous and regardless of how many bag holding trolls materialize over X, it doesn't change.

Iagon voted no on IOG proposals out of spite and anger over filecoin on blockfrost, they then started publicly shaming volunteer… https://t.co/DfwT8usO9b

— Charles Hoskinson (@IOHK_Charles) April 26, 2026

Treasury Vote Tensions Escalate

At the center of the conflict was Iagon CEO Navjit Dhaliwal, who reportedly urged Delegated Representatives (DReps) to vote against IOG’s nine treasury proposals. These proposals were designed to fund improvements intended to strengthen Cardano’s network performance and ecosystem development.

Hoskinson also criticized what he described as public pressure placed on governance participants, claiming that efforts were made to discourage support for the proposals. He argued that this behavior was damaging to constructive governance and created unnecessary division within the community.

Iagon later said Dhaliwal’s remarks were his personal views, not the company’s. The clarification didn’t sway Hoskinson.

He stated clearly that he was cutting ties with the project and expressed concern that Iagon could struggle significantly if leadership remains the same. He further warned that the value of the IAG token could continue to weaken under those conditions, potentially affecting long-term holders.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Hoskinson added that Cardano’s long-term strategy remains focused on supporting multiple decentralized infrastructure providers rather than relying on a single storage solution. This includes backing projects such as Filecoin alongside other service providers to ensure flexibility and reliability for developers building on the network.

IAG Records Sharp Decline as Market Reacts

The public fallout quickly affected market sentiment around Iagon’s governance token, IAG. Within 48 hours, the token declined from approximately $0.038 to around $0.025, representing a drop of roughly 34%. Although it later recovered slightly and traded near $0.02815, the asset remained significantly lower on both daily and weekly timeframes.

At the same time, trading activity increased sharply. Daily volume rose by 44% to reach $14.59 million, with most of the movement reflecting strong selling pressure rather than accumulation.

This pattern suggested that investor confidence had weakened following the dispute, as traders reacted to uncertainty surrounding the project’s leadership and its future relationship with the broader Cardano ecosystem.

The situation has now placed Iagon under increased scrutiny, with market participants watching closely to see whether leadership changes or governance adjustments will follow.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In an X post, the commentator summarized Hoskinson’s position with the remark that what he described as “Clarity Act insanity” is being promoted by members of the XRP community.

The post included a video in which Hoskinson presents a detailed critique of the legislation and its potential impact on the cryptocurrency industry in the United States.

He argued that if the Clarity Act were implemented in its current form, it could significantly disrupt the industry’s structure. According to him, such a framework would negatively affect not only emerging projects but also established digital assets.

Hoskinson stated that under the existing regulatory ambiguity, several crypto firms had successfully defended themselves in court. He pointed to XRP as an example, noting that it prevailed under unclear legal conditions.

However, he asserted that under the Clarity Act, the situation would change substantially. He said that if companies like Ripple were founded today, their associated digital assets, including XRP, would likely be classified as securities.

Clarity Act Insanity being propagated by the XRP Army according to Charles Hoskinson pic.twitter.com/MXG4Q34UGC

— Digital Asset Investor (@digitalassetbuy) April 25, 2026

Claims of Broad Classification as Securities

Expanding on his argument, Hoskinson said that multiple major cryptocurrencies would fall under the same classification. He specifically mentioned Ethereum, XRP, and Cardano’s ADA, stating that all could be deemed securities under the proposed rules. He warned that a regulatory body similar in approach to Gary Gensler would then have clear legal authority to enforce such classifications.

Hoskinson emphasized that the current ambiguity has worked in favor of crypto firms, as regulators have struggled to secure consistent legal victories. In contrast, he argued that the Clarity Act would remove this uncertainty and provide regulators with stronger enforcement tools.

He further claimed that the legislation lacks a viable pathway for blockchain projects to evolve into what regulators might consider “mature” networks. According to his assessment, this would limit growth factors such as liquidity and community expansion.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Debate Extends to Community Responses

The post also included reactions from users responding to the video. One commenter, identified as optictopic, stated in an X reply that Hoskinson acknowledged benefits for both Ripple and Cardano but disagreed with legislation that could restrict future innovation while favoring established entities.

Another user, (Real)DegenXRPHolder, took a different perspective. In an X comment, the user questioned whether the market should support a large number of tokens, suggesting that a smaller number of high-quality projects might be preferable. The comment also expressed criticism of NFTs, indicating a broader concern about inefficiencies within the digital asset space.

Hoskinson concluded his remarks in the video by warning that once such legislation is enacted, reversing it could be difficult. He also suggested that future political shifts could lead to the law being used in ways that may not align with the current intentions of its supporters.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The proposed system operates through a structured sequence of financial actions. Bitcoin supplied by users would be utilized within lending mechanisms to obtain stablecoins. These stablecoins would then be deployed into decentralized finance applications within the Cardano ecosystem, particularly those aligned with its RealFi strategy. 

Returns generated from these activities would subsequently be used to acquire additional Bitcoin, effectively increasing the user’s holdings over time. At the end of the cycle, the accumulated Bitcoin would be returned to the user.

Earn yield on Bitcoin privately.

RealFi on Cardano gives the yield.

Midnight gives it privacy. pic.twitter.com/5PXQb62Dyf

— Input Output Group (@IOGroup) April 20, 2026

A key aspect of this proposal is the abstraction of technical complexity. Users would not need to manage lending protocols, monitor yield strategies, or understand underlying liquidity flows. Instead, the entire process is intended to be executed through a simplified interface that requires minimal input.

Privacy and Infrastructure Requirements

An important component of this initiative is Midnight, which is being developed to enhance data protection within the Cardano ecosystem. According to Hoskinson, this infrastructure will ensure that user transactions and financial activities remain confidential. This focus on privacy addresses a longstanding concern within decentralized finance, where transparency can sometimes expose sensitive user information.

However, the success of this system depends on further technical advancements. Both Cardano’s core network and Midnight will require upgrades to support the necessary scalability and efficiency. The functionality of the proposed solution is contingent on these improvements being implemented effectively.

Timeline and Strategic Implications

Hoskinson has indicated that the platform could be introduced before the end of the year, as long as development milestones are met. If successfully done, the system could expand Cardano’s role significantly within decentralized finance by attracting Bitcoin liquidity.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

The broader objective is to integrate Bitcoin into Cardano’s financial ecosystem in a way that benefits both networks. Bitcoin holders would gain access to yield-generating opportunities, while Cardano would see increased activity and capital inflow. Hoskinson has previously suggested that this approach could unlock substantial value from dormant Bitcoin assets.

Ongoing Progress in Bitcoin Integration

Efforts to connect Bitcoin with Cardano’s infrastructure are already underway. In 2024, EMURGO collaborated with BitcoinOS to implement the BOS Grail bridge. This technology uses zero-knowledge proofs to enable secure and trustless transfers between the two networks, reducing reliance on intermediaries.

Additionally, a technical milestone was achieved by Fluid Tokens, which completed an atomic swap between Bitcoin and Cardano earlier this year. The transaction involved a small exchange of BTC for ADA and demonstrated the feasibility of direct interoperability between the two ecosystems.

These developments indicate that Cardano’s strategy to incorporate Bitcoin into its decentralized finance framework is progressing, with further advancements expected as infrastructure continues to grow.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In an X post highlighted by crypto enthusiast Diana, Hoskinson addressed a fundamental misunderstanding among XRP holders about ownership and rights of the ecosystem.

In a broadcast with CryptoWendyO, Hoskinson argued that XRP holders have no legal ownership of assets acquired by Ripple. He stated directly, “XRP holders have no legal ownership of those assets,” emphasizing that any business expansions or acquisitions made by Ripple remain under the company’s control rather than extending to token holders.

NEW: Cardano Founder Says XRP Holders Have “NO LEGAL OWNERSHIP” Of Ripple’s Other Assets — Claims Ripple Kept 70–80% Of Supply

During a broadcast with @CryptoWendyO, @IOHK_Charles went DIRECTLY at the $XRP model — arguing that even if @Ripple keeps making big headlines… pic.twitter.com/NNcL4SAi85

— Diana (@InvestWithD) April 18, 2026

Claims About Supply Distribution and Business Model

Hoskinson also revisited longstanding criticisms about XRP’s initial distribution. He claimed that Ripple retained approximately 70% to 80% of the total supply during the project’s early stages.

Based on this premise, he described what he believes to be a recurring operational model in which Ripple generates attention through announcements, influences XRP’s market price, sells portions of its holdings, and uses the proceeds to acquire other assets.

According to his remarks, these acquired assets belong exclusively to Ripple as a corporate entity. He stressed that XRP holders cannot redeem their tokens for equity, business interests, or cash flows associated with those acquisitions.

Hoskinson added that even if Ripple develops new financial infrastructure or expands into additional ventures, the XRP token itself does not grant holders any claim over those developments.

He concluded that the token “doesn’t really have much to say or do with that,” backing his position that XRP operates independently from the ownership structure of Ripple’s broader business activities.

Community Responses Highlight Legal Distinctions

The statements prompted responses from members of the XRP community. A user identified as Ron Adams responded that XRP is not designed to represent ownership in Ripple, stating that no informed holder expects it to function as company stock.

He added that XRP’s value proposition is tied to its role within the broader financial network Ripple is building, suggesting that growth in that ecosystem could still influence the asset’s value.

Another user, identified as “xrpholder,” expressed concern that Hoskinson appeared to conflate the difference between XRP and Ripple. Meanwhile, a commenter named Jay pointed out that if XRP had characteristics implying ownership in Ripple, it could have strengthened regulatory arguments classifying it as a security.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Ongoing Debate Over XRP’s Role

Hoskinson’s remarks, as reported in Diana’s X post, reflect an ongoing debate within the cryptocurrency sector about how digital assets relate to the entities that develop or promote them. His comments focus specifically on the absence of legal claims for XRP holders over Ripple’s assets, while responses from the community emphasize that this distinction is already understood and, in some cases, seen as necessary from a regulatory standpoint.

The exchange highlights differing interpretations of XRP’s role, particularly regarding whether its value should be viewed independently of Ripple’s corporate activities or as indirectly influenced by them.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Crypto commentator Wendy O brought the discussion back into focus after sharing part of her interview with Charles Hoskinson, where he explained why Midnight and its governance token, NIGHT, are “radically different” from Ripple and XRP. Hoskinson argued that the difference goes beyond privacy technology and extends into how value is created and returned to token holders.

Midnight’s Privacy-Driven Structure

Midnight is Cardano’s privacy-focused partner chain built around zero-knowledge proofs and selective disclosure. The project aims to let users and institutions protect sensitive transaction data while remaining compliant with regulatory requirements.

Its token structure uses two components. NIGHT functions as the public governance and capital asset, while DUST powers private transactions and smart contract execution. Holding NIGHT automatically generates DUST over time, creating what Midnight describes as a rechargeable “battery” model instead of the traditional gas-fee system. This design allows users to transact without constantly spending the governance token itself.

WATCH: Charles Hoskinson explains how Midnight and $NIGHT are "radically different" from Ripple and $XRP pic.twitter.com/i5H1Z8xDbF

— Wendy O (@CryptoWendyO) April 17, 2026

Hoskinson says this model creates stronger alignment between network participation and token ownership because users benefit directly from holding and using the asset.

Hoskinson’s Criticism of Ripple’s XRP Model

During the interview, Hoskinson contrasted Midnight’s structure with Ripple’s long-standing XRP model. He argued that Ripple often sells XRP to raise capital for acquisitions, external investments, and broader corporate expansion that do not necessarily create direct value for XRP holders.

His criticism focused on the relationship between corporate growth and token-holder benefit. According to him, Midnight is designed so that participation inside the network creates more visible alignment between users and the ecosystem, while Ripple operates more like an enterprise infrastructure company using XRP as part of a larger strategy.

This argument is not new. Hoskinson has previously questioned whether XRP holders benefit proportionally from Ripple’s business growth, especially when major enterprise deals strengthen Ripple’s corporate position more than token demand itself.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Why XRP Supporters Pushed Back

The comments quickly triggered strong reactions from XRP supporters, many of whom defended Ripple’s enterprise-first strategy. They pointed to Ripple’s payment infrastructure, institutional partnerships, RLUSD stablecoin expansion, and growing XRP Ledger integrations as proof that the model delivers real-world utility.

Critics of Hoskinson also argued that Cardano has faced slower adoption and weaker market performance compared to Ripple’s stronger institutional footprint.

The Bigger Picture

The Midnight versus XRP debate reflects a larger question across crypto: should token value come primarily from corporate expansion or from direct user participation inside the network?

Hoskinson believes Midnight offers a better answer through privacy-focused infrastructure and tighter token alignment. XRP supporters believe Ripple’s enterprise adoption already proves the strength of its model.

Ultimately, markets—not online debates—will decide which structure creates lasting value.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post presents the remarks as direct and forceful, emphasizing disagreements over regulatory approaches and their potential consequences for the crypto industry.

The tweet quotes Hoskinson as comparing Garlinghouse to Gary Gensler and accuses him of supporting a legislative effort that could harm the industry. It also describes the situation as an escalating divide between supporters of different digital assets, particularly ADA and XRP, while asking followers to choose sides.

Charles Hoskinson just went NUCLEAR on Brad Garlinghouse:

"Brad is the new Gary Gensler… This bill f*cks the whole industry! FCK ALL OF US!"#Ripple CEO selling out crypto for $XRP?

ADA vs XRP war just went thermonuclear

Who's side are you on? #CryptoCivilWar https://t.co/2FqhwQRubh pic.twitter.com/qOmi7yn9qs

— ᙢinus ᙡells (@MinusWells) April 14, 2026

Hoskinson Explains His Position on Accountability

In the attached video, Hoskinson explains that he holds individuals accountable when their actions could create lasting consequences for the crypto ecosystem. He states that discussions in the space have become highly polarized, making it difficult for people to engage with arguments without reacting emotionally.

Hoskinson emphasizes that his criticism is based on Garlinghouse’s actions rather than personal intent. He claims that the proposed bill, “Clarity Act,” would classify digital assets as securities by default unless proven otherwise. According to him, this approach reflects regulatory practices previously associated with Gensler and could create serious challenges for new projects.

He argues that such a policy would allow certain entities to obtain exemptions while limiting competition for others. In his view, this creates an uneven environment that could affect how innovation develops within the industry.

Concerns About Developer Liability

Hoskinson also raises concerns about the removal of protections for decentralized finance developers. He warns that the bill could expose developers to what he describes as unlimited liability, where individuals may be held responsible for how unknown third parties use their code.

He questions how developers working on open-source software would be protected under such conditions. Hoskinson states that holding developers accountable for external use cases could discourage participation and slow development across the sector.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Community Responses Highlight Division

The post includes a response from an X user, Third Eye XRP, who challenges Hoskinson’s position. The user refers to calls for regulatory action regarding Ripple and XRP and argues that current developments reflect earlier decisions.

This exchange suggests disagreement among crypto community members, especially regarding regulation and competition. Minus Wells’ post presents Hoskinson’s remarks in a confrontational tone, encouraging continued debate among users on X.

As reactions continue to emerge, the situation reflects clear divisions within the crypto space, with influential figures expressing opposing views on policies that could affect the direction of digital assets.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The discussion centers on what happens when Bitcoin loses its top position. Squire linked this directly to XRP’s past performance. XRP surpassed Ethereum by market cap in 2018. He presented that moment as evidence that shifts at the top trigger immediate reactions across the industry. Hoskinson’s comments provide the foundation for that view.

MARKET WAR EXPOSED

Charles Hoskinson drops a brutal truth. The moment any asset flips Bitcoin, everything changes. $XRP already flipped Ethereum in 2018… and the attacks on Ripple started instantly.

This was never about rules. It was survival. pic.twitter.com/X7h0R6JHVg

— John Squire (@TheCryptoSquire) April 7, 2026

Bitcoin’s Value Tied to Scale

Hoskinson explained that Bitcoin’s strength comes from its size and adoption. He stated, “The only reason Bitcoin is valuable is it’s big.” He emphasized that user perception and network effects sustain that position. He then outlined the consequences of a change at the top. “The minute that some other asset comes along that flips it… Bitcoin dies.”

He believes that a competing asset can match Bitcoin’s monetary design while offering more advanced capabilities. XRP fits that role, and experts have predicted that it can flip Bitcoin. That creates a strong incentive for capital to move.

Institutions Prioritize Yield and Efficiency

Hoskinson addressed how institutions approach digital assets. He made it clear that returns drive decisions. “If I can have an ETF that pays a 3% dividend, I’m going to get more investors.”

This makes yield a key factor. He also described how Bitcoin can operate on other networks to generate that yield. This shifts attention toward ecosystems that support programmability and financial products. Platforms that enable these features gain an advantage.

XRP Aligns With Utility-Driven Demand

Squire’s framing places XRP within this evolving structure. XRP focuses on cross-border payments, liquidity, and fast settlement. These capabilities align with the type of utility Hoskinson described.

Its previous position as the second-largest cryptocurrency remains relevant. XRP showed it can compete at scale. That event supports the idea that rankings can change when a more functional asset gains traction.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Ripple continues to expand XRP’s presence in global payment corridors. This strengthens the digital asset’s role in a system that values efficiency and real-world application.

Market Direction Favors Functional Assets

Hoskinson also pointed to a future where Bitcoin moves across networks to access additional financial opportunities. This creates a layered ecosystem where utility plays a central role. Assets built for integration and transaction flow stand to benefit from this structure.

Squire’s post and Hoskinson’s remarks align on a clear outcome. Market leadership depends on adoption, functionality, and capital flow. XRP fits perfectly due to its established utility.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In the post, Xaif Crypto asserts that Bitcoin’s dominance is vulnerable the moment another asset surpasses it in market capitalization rankings, particularly on CoinMarketCap.

According to the tweet, Hoskinson suggested that Bitcoin’s value is largely tied to its size and widespread adoption rather than its technical capabilities. Xaif Crypto emphasized a key claim, saying that if another asset overtakes Bitcoin, its dominance could collapse.

The analyst connected this argument to XRP’s past market performance, noting that XRP overtook Ethereum in 2018 and alleging that this shift triggered immediate resistance toward Ripple. The post claims that such actions were not driven by regulatory concerns but by competition and survival within the market.

BREAKING: @IOHK_Charles just revealed something big

"the minute some other asset flips bitcoin on coinmarketcap bitcoin dies.$XRP flipped ethereum in 2018. the attacks on @ripple started immediately. they knew bitcoin was next. the suppression was never about rules it was… https://t.co/O48AI5HL0N pic.twitter.com/gjkrUH2CRc

— Xaif Crypto (@Xaif_Crypto) April 6, 2026

Core Argument on Bitcoin’s Value and Limitations

In the attached video, Hoskinson explains that Bitcoin maintains its value because of user perception and its large network of holders. He argues that the asset’s strength lies in collective belief rather than utility. He states that once a competing asset emerges with similar monetary properties but greater functionality, users may begin to shift away from Bitcoin.

Hoskinson adds that Bitcoin benefits from regulatory clarity, institutional participation, and acceptance by governments and central banks. However, he also points out structural limitations, particularly its inability to evolve quickly. He contrasts this with networks that have active leadership and adaptable development cultures.

He further claims that Bitcoin lacks a central figure to guide innovation, unlike Ethereum, which he notes has visible leadership. According to him, Bitcoin’s culture resists change, making it difficult to implement new features or respond to competition.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Comparison to Market Shifts and Institutional Behavior

Hoskinson draws a comparison between Bitcoin and past technology monopolies, stating that dominant players can lose their position if they fail to adapt. He references how companies with strong market control historically declined when innovation slowed.

He also discusses the growing role of decentralized finance and structured financial products. Hoskinson explains that Bitcoin can generate additional value when used on other networks that offer yield opportunities. He suggests that institutional players, such as BlackRock, are more focused on returns than ideological alignment, which could drive demand for Bitcoin-based financial products outside its native network.

Xaif Crypto’s post concludes by reinforcing the idea that XRP’s earlier rise in market rankings signaled a potential shift in the competitive landscape. The analyst presents this as evidence that market dynamics extend beyond technology and include strategic positioning among leading digital assets.

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Hoskinson clarified, “I did support you when you got sued by the Security Exchange Commission. There’s videos of me. You could pull them up from years ago, where I said it was the wrong decision.”

While he had issues with the XRP army at the time, he still realized that the SEC’s actions were wrong. Despite this, some in the XRP community questioned why he did not provide financial aid.

An XRP Community Lecture. I wonder why he didn't mention the Ethereum ICO? pic.twitter.com/FeBXW3AerS

— Digital Asset Investor (@digitalassetbuy) March 28, 2026

Ripple’s Financial Independence

Hoskinson emphasized that Ripple had significant resources to manage the SEC case independently. “The Ripple organization gave itself a mammoth pre-mine. That’s a fact. It’s like tens of billions of dollars now that they have access to. They didn’t need any money,” he said.

He compared Ripple to other projects such as EOS, which allocated $4 billion to itself in 2017. Hoskinson highlighted that Cardano, by contrast, did not allocate 70% of its supply to founders.

Funding and Revenue

Hoskinson questioned the origins of Ripple’s funding for major initiatives. He asked where Ripple secured the funding to acquire Hidden Road for $1.25 billion. He also drew attention to the revenue from RLUSD, the stablecoin the company launched in late 2024.

He pointed out that standard subscription models alone could not generate the scale of these projects. His remarks show that Ripple kept XRP to fund its operations rather than giving the tokens out to the public.

Hoskinson’s Selective Focus

Digital Asset Investor noted that while Hoskinson critiqued the XRP community, he did not address Ethereum’s ICO and its funding model. He is publicly criticizing Ripple’s actions, but just like the SEC did, he has not called out Ethereum, which did a similar thing through its ICO.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

This omission is crucial because Ethereum also had substantial pre-mined allocations. This raised questions about the balance of Hoskinson’s critique, even as he acknowledged past engagement with Ripple executives and expressed willingness to collaborate with the company.

The Challenge in Crypto Discourse

Hoskinson addressed challenges in crypto discussions, noting that many people struggle to separate arguments from personalities. He criticized the effects of social media, cable news, and poor information habits, emphasizing that these factors make nuanced conversation and critical thinking difficult in the industry.

However, as Digital Asset Investor highlighted, Hoskinson criticized the XRP community while failing to mention Ethereum’s ICO. This selective focus raises questions about consistency in his critique.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The timing of the message is important because Midnight is expected to launch later this month as a Cardano partner chain. Direct communication like this from Hoskinson often reinforces the community’s confidence that something big is imminent.

Who's ready for Midnight? pic.twitter.com/hlMR0lPWbG

— Charles Hoskinson (@IOHK_Charles) March 23, 2026

The Video That Sparked Discussion

Along with the message, Hoskinson shared a video of astronaut Chris Hadfield performing “Ground Control to Major Tom” aboard the International Space Station in 2013. The inclusion of the performance led to widespread discussion within the crypto community, as many attempted to interpret the reason behind the choice.

While Hoskinson did not explain the meaning directly, the post and video together were widely viewed as a signal that Midnight is approaching a major milestone. The post also drew responses from members of the Cardano ecosystem, including TapTools, Atlas, and even Input Output Global, which publicly expressed readiness for the project’s launch.

Midnight’s Purpose and Investment

Midnight is a privacy-focused blockchain developed by Input Output Global and designed to function as a partner chain within the Cardano ecosystem. The network is intended to deliver programmable privacy through zero-knowledge proofs while still maintaining regulatory compliance. This approach is designed to allow both institutions and individuals to protect sensitive information while operating within legal frameworks. 

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Hoskinson has previously disclosed that approximately $200 million has been invested into the development of Midnight, highlighting the scale and importance of the project within Cardano’s long-term strategy.

Partnerships and Token Activity

The project has already secured several notable partnerships ahead of launch. Midnight has established connections with major technology platforms, including Google, and the Midnight Foundation recently added Bullish and Worldpay as federated node operators responsible for supporting network infrastructure.

Meanwhile, the project’s native token, NIGHT, is already trading on major exchanges. The token recently rose 1.02% in 24 hours to $0.04790. This move followed a swift rise of over 5%. However, its market capitalization, which surpassed $1 billion shortly after its December debut, has since declined to approximately $792.2 million as the market awaits the full mainnet launch.

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