CoinMeta data: Midnight has seen a price increase of over 22% in the past 24 hours, with the current trading price being around $0.044. This rise is attributed to the attention paid to blockchain privacy, institutional use cases, and partnerships with Midnight companies. According to CoinGecko data, the market capitalization of Midnight is approximately $727 million, with a gain of about 84% in the past 7 days. The trading volume during the same period exceeded $120 million. WallStreetBets founder Jaime Rogozinski stated that as institutions transfer larger amounts of capital onto the blockchain, privacy may become increasingly important. His comments represent market opinion and do not imply that institutions are currently purchasing Midnight. The arguments of Rogozinski focus on the transparency of public blockchains; large institutions using completely public networks may expose wallet balances, transaction links, and transaction activities. The design of Midnight revolves around selective disclosure, allowing applications to maintain the privacy of certain information when needed while still providing proof of other details.