TOKEN 2049 LIVE Updates: Hoskinson Questions Cardano Foundation Over Midnight Absence

Cardano founder Charles Hoskinson questioned the Cardano Foundation on October 7 after finding no mention of Midnight at its 108-square-meter TOKEN2049 exhibit. “The largest project on Cardano doesn’t seem to be listed anywhere in the ecosystem,” he said in a video recorded at the booth. Minswap, Iagon, SNEK and GravityDEX all featured at the stand, he pointed out, and he quipped that the privacy-focused network may have been left off for exactly that reason. Hoskinson said Midnight has a Binance listing and brings fresh users to Cardano. He followed up on X: “Midnight has become the where’s waldo of Cardano.”

BitMine chairman Tom Lee said on stage at TOKEN2049 Singapore that the company will halt its ether purchases once its holdings reach 5% of supply. “We only need to get another 100,000 ETH to get to 5%,” Lee said. He called the 5% level BitMine’s “hard cap” and said it optimizes shareholder value.

Crypto commentator 0xJeff said in a post on X that roughly 90% of conversations at the event centre on real-world assets, tokenized stocks and structured products. He described the trend as the institutionalization of crypto. The remaining 10%, by his estimate, covers AI and efforts to bring compute and other assets onchain.

A wallet on trading app FOMO linked to trader Frogmanhaha has reportedly been drained of more than $4 million in assets, according to a post by X account @MrketInsider. The post said the hack is rumoured to have happened at the TOKEN2049 conference in Singapore. Neither Frogmanhaha nor FOMO has confirmed the loss in the material available, and the method of the breach is not known.

Crypto analyst Ran Neuner was seen speaking on one of the side stages during the stream. His remarks centred on blockchain-based social trading apps, which he described as a blend of social networking and trading.

McLaren driver Lando Norris appears on the OKX Main Stage alongside OKX’s Haider Rafique and Mastercard’s Raj Dhamodharan. Henri Arslanian also joins the roughly 25-minute session, “Lando Norris × OKX: The Drive to Win.” The agenda excerpt gives no start time.