Cardano founder Charles Hoskinson said Midnight City plans to support AI agent-based cryptocurrency trading within the next few months. The platform is developing tools that let users deposit funds, assign strategies to AI agents and have them trade across multiple blockchains and off-chain infrastructure. Hoskinson said control remains with users through strategy selection and permission settings. Midnight is also building a digital identity system and plans a marketplace for sharing trading strategies.

Cardano\'s ADA token rose as much as 12 percent to $0.27, its highest level in five months, as bitcoin and ether showed little movement. The jump coincided with expectations for network expansion and new service launches, including the RealFi RWA tokenisation platform and USDr stablecoin integrations. Founder Charles Hoskinson posted a chart and the hashtag #LeiosIsComing, boosting expectations for the Linear Leios upgrade. Data suggested throughput gains in tests, but short-covering and limited inflows were also cited.