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Charles Hoskinson may shift focus from Cardano to Midnight amid disputes with Cardano institutions

Market News
03 Nov 2026, 19:12 WIB
Tokenpost
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Neutral
Charles Hoskinson may shift focus from Cardano to Midnight amid disputes with Cardano institutions

Charles Hoskinson, founder of Cardano, might be reallocating his time and resources from Cardano to the Midnight project due to ongoing conflicts with Cardano institutions like the Cardano Foundation and EMURGO. Criticism arose after a hack involving EMURGO's DeFi project, SecondFi, though no direct blame was assigned. Hoskinson has invested $200 million in Midnight and continues to support Cardano initiatives, indicating no full break from the ecosystem. The shift reflects disagreements over governance, funding, and development priorities within Cardano's ecosystem.

Charles Hoskinson's potential shift from Cardano to Midnight comes as a backdrop to a mixed cryptocurrency market on Pluang. For readers following the crypto sector, here is Pluang's market snapshot as of Nov 04, 2026 00:02 WIB: out of 50 major cryptocurrencies priced, 25 rose and 24 fell today. Notable movers include YFI at Rp36.267.786 with a 2.46% increase and a typical hold time of 94 days, XLM at Rp2.968 down 2.30% with an 85-day hold time, and FIL at Rp15.900 up 2.22% with a 100-day hold time.

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