Ethereum drops 6% as ETF outflows and macro pressures mount; key support broken
Ethereum declined 5-6% amid seven-day ETF outflow streak, rising yields, and a trendline break. Focus on Fed and US-Iran developments.
Cardano's Midnight project was absent from the TOKEN2049 booth, drawing criticism from Charles Hoskinson who cited governance issues.
Cardano's exhibit at the TOKEN2049 conference lacked any presence of Midnight, its leading project. The privacy-oriented chain holds a significant role within the Cardano network, but its branding was absent from the display.
Charles Hoskinson has voiced criticism over the omission, attributing it to governance politics within the project.
The absence was particularly striking given that just hours before, Midnight had declared its intention to support Solana wallets.
Midnight has become the where's waldo of Cardano
— Charles Hoskinson (@IOHK_Charles) October 7, 2026
Hoskinson gave a tour of the Cardano stand at TOKEN2049, which showcased various projects from the ecosystem. Even SNEK, a Cardano meme token, was included on the wall.
Midnight, however, was absent. This is peculiar since Midnight is Cardano's biggest venture, and NIGHT, its native token, already trades on Binance as a Cardano-native asset.
Hoskinson additionally implied that the Cardano Foundation had a role in deciding the booth's content, and remarked humorously that Midnight might be so private that it declined to show itself.
The disagreement soon escalated.
The booth is a public asset for Cardano. It was funded by the Cardano community.
— Charles Hoskinson
This is significant because Cardano's treasury is ultimately financed and controlled by ADA holders and their delegates.
The display controversy also reveals a deeper political split within Cardano.
Hoskinson has often disagreed with the Cardano Foundation on governance and the ecosystem's direction. This friction reappeared in June when a crypto fund founder demanded Hoskinson's ouster, sparking intense community discussion.
In the meantime, Midnight is expanding its scope.
During a recent Solana Summit, the team announced that Solana users would ultimately be able to execute private swaps without needing to install extra software.
Hoskinson openly endorsed the initiative in a quote post.
Welcome to Midnight, Solana
— Charles Hoskinson (@IOHK_Charles) October 6, 2026
The irony is clear. A project developed within the Cardano ecosystem is now being embraced by Solana, while its own branding is absent from Cardano's flagship conference stand.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Ethereum declined 5-6% amid seven-day ETF outflow streak, rising yields, and a trendline break. Focus on Fed and US-Iran developments.
ASICID Inc. released its IDMINER Series of crypto miners with hashrates up to 9,600 TH/s for Bitcoin and 3,200 GH/s for Litecoin/Dogecoin.
Samsung Wallet will let 82 million US Galaxy devices send USDC without a crypto app, starting late October, with identity checks required.
Bitwise CEO Hunter Horsley and MetaMask CEO Joseph Lubin agree the crypto winter is over, but Lubin says the thaw came much earlier.