Ripple CTO Finally Reacts to Midnight as 'New Cardano' Enters XRP Conversation
Analysis
Price Impact
LowRipple cto's subtle acknowledgement of cardano's midnight project brings it into the broader utility conversation, potentially offering some symbolic validation for midnight. however, mike novogratz's warnings about both xrp and cardano needing to demonstrate continued real-world utility against 'business tokens' create a cautious long-term outlook.
Trustworthiness
HighThe analysis is based on direct quotes from ripple cto david schwartz and influential crypto investor mike novogratz, ensuring high credibility.
Price Direction
NeutralWhile schwartz's symbolic nod to midnight (a cardano project) is a minor positive for its recognition, it is largely counterbalanced by novogratz's broader concerns regarding the long-term relevance and utility of both xrp and cardano if they fail to adapt to market demands for quantifiable value. this creates a balanced, neutral short-term outlook.
Time Effect
LongThe discussion revolves around fundamental aspects such as long-term utility, privacy solutions, and market relevance for blockchain projects, which are factors that influence adoption and value over extended periods rather than causing immediate price fluctuations.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News Two weeks after its launch, Ripple CTO David Schwartz acknowledged Cardano’s Midnight in true Schwartz style. Advertisement It all started with Cardano’s Charles Hoskinson pitching Midnight as a serious 'next generation' privacy stack and, in the same breath, mentioning the XRP Ledger as an example of a network that is already operating at a real scale rather than just being a concept. However, Schwartz simply accepted that Midnight exists, with a line that reads as ironic but functions as an acknowledgement anyway. HOT Stories There Is No XRP Supply Shock, Top Analyst Says Ripple Moves Huge Amounts of XRP, Shiba Inu (SHIB) Flashes Bullish Signal, Cardano Midnight Outperforms XRP and Solana – Top Weekly Crypto News Crypto Market Prediction: Four 300,000,000 Shiba Inu (SHIB) Barriers to Jump Over, Is XRP Bull Market Comeback Secured? Bitcoin (BTC) Will Only Move After 31st Bitcoin to $10,000? Bloomberg Makes Shocking Crash Prediction I hereby acknowledge midnight. Advertisement — David 'JoelKatz' Schwartz (@JoelKatz) December 29, 2025 For those who missed it, Midnight is a privacy-first blockchain built on zero-knowledge proofs. The goal is not to hide everything, but to separate what must be public from what should stay protected. XRP and ADA utility questions return The protocol, nicknamed 'new Cardano', uses a public–private dual-state ledger approach to keep user, commercial and transaction data protected, while supporting situations where disclosure is required. It also uses a dual-component token design meant to reduce metadata leakage because, in crypto, it is often the metadata that reveals everything, even when the payload is hidden. This is important because it highlights the same principles that XRP has relied on for years: utility, compliance, and systems that can be used by real businesses. However, Midnight aims to achieve this without turning every user action into a public dossier. Advertisement You Might Also Like Mon, 12/29/2025 - 01:43 Ripple Moves Huge Amounts of XRP, Shiba Inu (SHIB) Flashes Bullish Signal, Cardano Midnight Outperforms XRP and Solana – Top Weekly Crypto News By Dan Burgin Interestingly, this is where Mike Novogratz’s view comes in. He has recently been warning that XRP and Cardano could lose relevance if they cannot continue to demonstrate their usefulness in the real world. He argues that the market is shifting towards 'business tokens' with quantifiable value and profitability, away from narrative tokens. So, yes, Schwartz's line is small. But in this market, even a small acknowledgement counts as a win. #Ripple News #XRP #XRP News #Cardano News #Cardano #Cardano Midnight