NIGHT (Midnight) is currently trading at $0.05, with a market capitalization of about $840 million

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, NIGHT (Midnight) is currently trading at $0.05, down 88.76% in 24 hours, reaching a high of $1.81 and falling back to $0.02, with a current market capitalization of about $840 million.

NIGHT’s recent important news:

1️⃣ Gate World Premiere Launch and Launchpool Detonate Market Demand NIGHT will launch spot trading on Gate at 18:00 on December 9, and the 344th Launchpool will be launched at the same time. Users can stake ETH, GUSD, or NIGHT to participate in mining, sharing a total of 1.25 million NIGHT tokens. The Launchpool runs from 20:00 on December 9 to 20:00 on December 23, during which the system distributes rewards on an hourly basis based on the proportion of users’ staked assets. The listing of the initial exchange is often accompanied by high liquidity and high market sentiment, but it can also exacerbate price volatility due to the relative concentration of circulation in the early stage.

2️⃣ The launch of regular wealth management products releases long-term optimistic signals for the project Gate Yubibao has launched a NIGHT 180-day fixed savings product with an annualized rate of return of 50% and a total amount of 10 million NIGHT. The product runs from 18:00 on December 9 to 18:00 on June 9, 2026, attracting users to lock tokens to participate in financial management. This move shows that the platform has confidence in the long-term value of NIGHT while locking up some token liquidity through high-yield incentives, but the high APR also reflects the market’s high volatility expectations for the coin.

3️⃣ Multi-chain layout and privacy track competition intensify NIGHT is the native token of the privacy-first L1 public chain launched by Midnight Network, with network utility and governance functions, and serves as a privacy-focused zero-knowledge proof network within the Cardano ecosystem, competing with privacy projects such as Zcash and Monero. The Gate exchange platform has launched NIGHT, which supports one-click exchange with more than 2,200 cryptocurrency assets, including the NIGHT/USDT trading pair. The competition in the privacy track is fierce and market perception is still in the cultivation stage, and new projects often face drastic adjustments in valuation and liquidity in the early stage.

This news is not intended as investment advice, and investment should be aware of the risk of market fluctuations.