#Cardano founder #CharlesHoskinson announced that the #MidnightProtocol will enable private DeFi for $BTC and $XRP , positioning it as a cross-chain privacy layer.

Midnight will use zero-knowledge cryptography to allow assets like BTC and XRP to interact with smart contracts while keeping transaction data private.

The approach involves wrapping external assets on Midnight, unlocking lending, borrowing, and yield use cases not natively available on Bitcoin or XRP Ledger.

This marks a strategic shift for $ADA , framing #Midnight as interoperability infrastructure rather than a standalone Layer-1 competitor. #WriteToEarnUpgrade