Midnight’s NIGHT token rose more than 22% in 24 hours to around $0.044, extending weekly gains to roughly 84% and lifting its market capitalization to about $727 million. Trading volume exceeded $120 million during the same period. The rally followed renewed attention to blockchain privacy, including comments from WallStreetBets founder Jaime Rogozinski that institutions need confidentiality when moving substantial capital onchain. Google Cloud operates critical Midnight infrastructure and a federated node, while Mandiant provides threat monitoring and incident-response support. Monument Bank is testing tokenized interest-bearing retail deposits on the network, with a first-phase target of £250 million. Midnight uses selective disclosure, allowing applications to keep some information private while revealing details needed for regulatory verification. NIGHT is trading above its upper Bollinger Band, with bullish MACD momentum, but the move is technically extended. Resistance is near $0.045, while $0.038 is the first pullback reference and $0.030-$0.033 is a deeper support area. Cardano founder Charles Hoskinson has said Midnight could eventually become larger than Zcash, though that is a forward-looking opinion rather than evidence of current market leadership. The token previously rose about 23% after Midnight’s March mainnet launch before later declining following a Wanchain bridge incident involving 515 million NIGHT; the core network remained secure, according to crypto.news reporting.