Hoskinson Defends Cardano and Midnight Against Renewed Grift Criticism
Charles Hoskinson is pushing back against claims that Cardano and Midnight fail to meet standards set for crypto projects.
Charles Hoskinson is pushing back against claims that Cardano and Midnight fail to meet standards set for crypto projects. Cardano (ADA) is trading at $0.1544, up 1.6% since this brief published. This is an original TLT brief synthesising 2 outlets (CaptainAltcoin, Bitcoin World), plus live market data, as of Sun, 15 Nov 2026 19:15:02 UTC.
The exchange puts renewed scrutiny on two Cardano-linked assets as their market performance diverges sharply. The response may influence how critics assess the projects, although no independent reporting corroborates the latest exchange.
- Hoskinson disputed claims that Cardano and Midnight are grifts.
- CaptainAltcoin is the sole outlet reporting the exchange.
- ADA fell 6.73% over 24 hours and 16.46% over seven days.
- NIGHT rose 6.06% over 24 hours and 22.27% over seven days.
- Cardano whales offload 50 million ADA as the token faces renewed pressure
- Hoskinson says Cardano roadmap is complete as ADA remains depressed
- Hoskinson Defends Cardano and Midnight Against Renewed Grift Criticism — this brief
- Hoskinson Promises Better Times for Cardano as ADA Slides
- Hoskinson Declares Cardano Roadmap Finished, Pivoting Toward Founder-Independent Governance
CaptainAltcoin reports that Charles Hoskinson has responded to renewed criticism of 
Cardano and 
Midnight. He argues that some commentators are applying an unattainable standard to the ecosystem, marking another round of the founder’s public defense of the projects.
The reported exchange followed a reaction from crypto commentator Bill, also known as Late Night Onchain, who questioned whether Cardano was the largest fraud in crypto history. Hoskinson’s response focused on the inconsistency of the expectations being applied, according to CaptainAltcoin’s summary of the dispute.
CaptainAltcoin is the only supplied outlet covering this exchange, so the claims and characterization of Hoskinson’s argument are not independently corroborated. No additional figures, supporting statements or responses from the critics were provided in the available coverage.
Market data shows a pronounced split between the two assets. ADA trades at $0.151992, down 6.73% over 24 hours and 16.46% over seven days, with a $5.71 billion market capitalization. NIGHT trades at $0.049456, up 6.06% over 24 hours and 22.27% over seven days, with an $820.93 million capitalization. The broader crypto market is broadly down: 
Bitcoin fell 2.45% over 24 hours, total market capitalization stands at $2.27 trillion, and the Fear & Greed index is at 10, indicating extreme fear.
Since this brief published about 11 hours ago, Cardano (ADA) has moved from $0.152 to $0.1544 — +1.58%.
The chart plots ADA's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ADA ≈ ₦218.31 (about $0.1544), down 0.4% over 24 hours. The naira itself trades about 4.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 15, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hoskinson Defends Cardano and Midnight Against Renewed Grift — questions & answers
Who criticized Cardano and Midnight?
CaptainAltcoin reports that the latest criticism followed a post from Bill, also known as Late Night Onchain. The available coverage does not identify additional critics involved in the exchange.
How did Hoskinson respond to the criticism?
Hoskinson argued that some commentators had set an impossible standard for the ecosystem. CaptainAltcoin characterizes this as his latest public defense of Cardano and Midnight.
How are ADA and NIGHT performing?
ADA is down 6.73% over 24 hours and 16.46% over seven days. NIGHT is up 6.06% over 24 hours and 22.27% over seven days.
How much is 1 Cardano worth in naira today?
About ₦218.31 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1544. The naira price moves with both ADA's US-dollar price and the USDT/NGN rate; use our Cardano in naira page for any amount.
Has Cardano's price moved since this brief was published?
ADA is up 1.58% since this brief first published — trading at $0.1544 now versus $0.152 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CaptainAltcoin, Bitcoin World, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.