NIGHT token plunged to $0.077, amid a bearish market trend, only a day after outpacing Zcash.
Cardano Midnight Foundation CTO, Sebastien Guillemot, recently hinted at a possible Midnight token EVM compatibility for private computation.
His comment is in response to a developer’s update on new syntax for importing packages and runtime functions added to Starstream.
In an X post, Guillemot emphasized that Starstream, pioneered by the Midnight Foundation, has multi-chain compatibility support.
He explained that developers can deploy the same contract on different chains, or leverage chain-specific behavior if required.
Earlier this year in Cardano news, Guillemot introduced Starstream as a zkEVM Zero-Knowledge Ethereum Virtual Machine solution designed for privacy-preserving smart contracts.
It enables developers to write contracts that execute privately, using zero-knowledge proofs to verify computation without revealing sensitive data.
Several reports indicate that Starstream is designed to make the Cardano blockchain more developer-friendly. The platform also aims to address previous concerns about complexity, cost, and security.
Another key unique feature of Starstream is its use of coroutines. It is a programming concept that enables the simple and flexible execution of smart contracts.
This means transactions, tokens, and even UTXOs (Unspent Transaction Outputs) can be modeled more efficiently, reducing the computational load on the blockchain.
Guillemot envisions Starstream having an EVM multi-chain compatibility, but for private computations like Midnight.
If this becomes possible, Starstream will help strengthen cross-chain deployment and chain-specific optimizations, potentially accelerating DeFi privacy adoption.
Overall, Starstream aims to become the EVM of private smart contracts. While it is starting strong on Cardano and Midnight token, it is open to the entire blockchain ecosystem.
The Midnight project is focused on data protection. It targets users’ growing demand for privacy in blockchain applications, particularly in finance, healthcare, and identity management.
The Midnight Network distinguishes itself from traditional privacy chains by enabling developers to build compliant DApps without compromising privacy.
Taking to the X platform, Midnight revealed plans to ensure the NIGHT token is compliant with regulations and addresses inconsistencies in rules across borders.
The post promotes a short video clip from the Midnight Network “Unshielded” podcast, with Jillian Plomin, CEO of W3i Software. She discussed how zero-knowledge proofs enable regulation-aware transactions that dynamically reveal only required data based on location and rules.
Jillian expressed excitement about having the capability to upgrade the NIGHT token as regulations come into place. The goal is to determine, based on geography, what regulations apply to a token holder.
She believes this will help a user turn on and turn off the information that is being revealed with a flip of a switch.
Jillian believes compliance with regulations will completely change how transactions happen on a global scale.
“I am glad to be a part of it. We are very excited to be building this solution for midnight,” says Jillian.
Meanwhile, the NIGHT token is struggling to regain momentum after posting stronger gains and trading volume on December 22, 2025.
On this day, Midnight token NIGHT rose nearly 7% in 24 hours, while trading volume climbed above $9.34 billion. Due to this performance, NIGHT outpaced Zcash (ZEC), which rose only 1% during the same 24-hour period.
Analysts claim comments from Cardano founder Charles Hoskinson and strong community chatter helped drive attention toward Midnight during this period.
Just a day after this strong move, NIGHT is now back in the red zone. On the daily price chart, NIGHT is down 26% to trade at $0.077.
The trading volume also decreased by over 81% to $1.58 billion, reinforcing the bearish trend.
However, it is important to note that Midnight (NIGHT) is reacting negatively amid a broader downtrend in the crypto market. Bitcoin (BTC), the king coin, is down 2.5% to $87,565.
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