Charles Hoskinson dubs Midnight a next-generation cryptocurrency after a £250M tokenization deal with UK bank Monument. Unique tokenomics and capacity exchange spark debate: should investors swap ADA for NIGHT? On-chain whale activity shows mixed signals.

Monument Bank plans to tokenize up to £250 million in customer savings on Midnight, aiming to bring interest-bearing retail deposits onto a public blockchain while keeping UK regulatory protections in place.

A genesis block is the first block in a blockchain, with no previous block to reference. It sets initial rules, coin distribution, and core network parameters. Bitcoin’s genesis block was mined on January 3, 2009.

Competition in crypto digital banking is moving beyond stablecoin cards. Custodial platforms lead on user experience, but long-term economics appear tied to lending books, banking licenses, on-chain credit models, and control of core infrastructure.

Revolut launched its first physical crypto card on May 18, 2026, featuring Dogecoin theme and LED glow. Zero swap fee, £100,000 per transaction, worldwide Visa/Mastercard. But every purchase triggers UK capital gains tax.

BitMEX co-founder Arthur Hayes predicts Ethereum could fall out of the top three cryptocurrencies by 2030, replaced by AI-focused assets. Meanwhile, UK government negotiates with Anthropic for AI security model deployment, and Mantle proposes lending 30,000 ETH to Aave DAO to address bad debt from a cross-chain bridge attack.

Although the FCA lifted its retail ban on crypto ETNs in October 2025, UK investors still face suitability checks, cooling-off periods, banking restrictions, and narrower tax-advantaged access.

Binance says it is making major changes to its structure, products, and internal processes as it seeks to reapply with the FCA and become a registered crypto asset firm in the UK within 6 to 18 months.