NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

11,000 Wallets Grab NIGHT Tokens in Cardano Airdrop Amid Disappointing $71M Upgrade

James Halver
James Halver
Last Updated: August 6, 2025 7:00 pm
2 mins read
cardano_ada_adausd_optimized

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano’s Midnight Network has launched its highly anticipated NIGHT token airdrop, and the crypto community responded in full force. Within hours of the August 5 launch of the “Glacier Drop” phase, over 11,000 wallets across eight major blockchains claimed more than 250 million NIGHT tokens.

Related Reading

Ethereum news

Ethereum Is ‘The Biggest Macro Trade Over The Next 10–15 Years,’ Says Tom Lee

1 year ago

The Midnight claim portal, now live, supports wallets from Cardano, Bitcoin, Ethereum, XRP, Solana, BNB, Avalanche, and Brave’s BAT. In total, 33.6 million wallets are eligible to participate in this multi-phase distribution.

cardano ada adausd

ADA's price trends sideways on the daily chart, despite the launch of the highly anticipated Cardano NIGHT airdrop. Source: ADAUSD on Tradingview 

Phased Airdrop Mechanics and Cross-Chain Eligibility

While Cardano users will receive the largest share, 50% of the total 24 billion NIGHT tokens, holders from other networks are also included in the drop. The claim process is designed to be fair and non-custodial, requiring users to verify eligibility and sign a transaction.

This first phase will remain open for 60 days, followed by a second phase (Scavenger Mine) where users can earn unclaimed tokens through on-chain computational tasks. A third “Lost-and-Found” stage will begin post-mainnet and allow late claims for a limited fraction of the original allocation.

Ledger Wallet Glitch Hampers Some Cardano Users

Despite the excitement, not everything has gone smoothly. Many ADA holders using Ledger hardware wallets reported issues when trying to claim NIGHT tokens.

According to Cardano founder Charles Hoskinson, the problem lies with Ledger’s firmware, which currently supports message signing of only 31 bytes, far short of the 251 bytes needed for the Glacier Drop.

Related Reading

XRP

Crypto Fantasy Or Future? Expert Predicts XRP Will Hit $1 Million

1 year ago

Cardano developers are actively working on a workaround, urging affected users to try again later in the month. “If you are one of the impacted people, then come back towards the end of the month and try again,” Hoskinson advised on X.

$71M Upgrade Fails to Lift ADA Price

Surprisingly, the airdrop’s momentum comes at a time when Cardano’s $71 million network upgrade has underwhelmed the market. Designed to enhance smart contract performance and scalability, the update has barely moved ADA’s price, which hovers around $0.72, a 2.92% drop in the last 24 hours.

Cover image from ChatGPT, ADAUSD chart from Tradingview

Tweet123Share196ShareSend
James Halver
James Halver

James Halver

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana bulls FTX

Cardano’s 9.0.1 Hotfix Shows Why Last-Mile Upgrades Matter Before A Hard Fork

Hard forks are usually discussed in big-picture terms, but the final approach is often decided by smaller technical cleanups that...

NewsBTC Editorial Team 3 months ago
Bitcoin

Cardano Node 9.0.0 Release Puts Chang Hard Fork In The Final Stretch

Cardano has reached one of the final technical checkpoints before the Chang hard fork, with node version 9.0.0 now released...

NewsBTC Editorial Team 3 months ago

Cardano Development Activity Pushes Back Against ADA Price Stagnation

Cardano node releases show continued development work even as ADA remains stuck in a tight market range.

NewsBTC Editorial Team 3 months ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano Brings Compliance Rules On-Chain With CIP-0113 Launch

NewsBTC Editorial Team 1 week ago

Charles Hoskinson Pushes Back On Cardano Exit Rumors As Governance Questions Linger

NewsBTC Editorial Team 3 months ago

Cardano Node 9.0.2 Hotfix Keeps Chang Hard Fork Preparations Moving

NewsBTC Editorial Team 3 months ago

Premium Sponsors

Press Releases

  • as

    Shield Swap and Flowdesk expand confidential trading for...

    18 hours ago
  • dr

    Kenson Investments Publishes New Education Series on the...

    2 days ago
  • altcoin

    Sectora Foundation Announces Final Testing of Four Products...

    3 days ago
  • news

    Why More Crypto Holders Are Choosing Wallet-to-Wallet Swaps

    5 days ago
  • US Capitol building and congressional election policy

    Best Crypto to Watch: ConConAI ($CON) Reaches CoinMarketCap...

    2 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.