Midnight is not sitting on a switched-on retail bank deposit, whatever a loud 11 November post implied, and the token still gained 7.5 percent from 06:00 UTC on 10 November to 06:52 UTC on 12 November. CoinGecko's hourly chart for coin id midnight-3 prints $0.04306 at the open and $0.04629 at the close. Bitcoin, on the same feed, moved from $74,740 to $73,364, a 1.8 percent decline.
Ian Rand, chief executive of Monument Bank, kept the timetable in the future tense. "Partnering with Midnight allows us to bring something genuinely new to our clients in the coming months," he wrote in the bank's 27 March 2026 post, Tokenised deposits: Building the bank for the future. The page targets up to £250 million of client deposits, each token meant to match one pound already at the bank, still paying interest and still inside the Financial Services Compensation Scheme.
Mintoo Bhandari, founder of Monument Bank, told CoinDesk on 10 September 2026, "I thought it would have been two months ago that we would have rolled out the first tokenized deposits in the world, but it'll probably be two months more from now." Updated on 11 September, the story says Monument had hired a Canadian custodian for Financial Conduct Authority rules and expected retail tokenized deposits by November, at 250 million pounds ($330 million), with the firm left unnamed. A receipt dated 12 November would look different, and none was on the pages opened while reporting.
The 48-hour tape
Hourly prints climbed, then stalled. The low was $0.04102 at 17:00 UTC on 10 November, and the high was $0.04791 at 18:00 UTC on 11 November. At 06:51 UTC on 12 November, CoinGecko's rolling 24-hour field showed an 8.63 percent rise to $0.04630, a $768.9 million market cap, rank 83 and $35.2 million of volume. Bitcoin's 24-hour change at 06:50 UTC was a 0.04 percent decline to $73,500, which still fails as proof that client deposits have been minted.
What Monument published
The March deposit token represents pounds already at the bank, while NIGHT is the coin that rose 7.5 percent. Charles Hoskinson, chief executive of IOG, wrote on X on 11 November, "This is just the beginning. All the assets of the world want some NIGHT mode," quoting a claim that Midnight and Monument go live "in days." The post identifies him as CEO of IOG. That line is sentiment until Monument publishes a launch notice of its own. Separate pages cover the Zcash forecast and the Cardano case.
A ledger package from 8 November
The node repository shipped release 2.1.101 on 8 November 2026, before this window. The GitHub note calls it the ledger 9 hard-fork package, says a federated-authority motion must enact the runtime, and leaves a Cardano-to-Midnight bridge inert until governance sets its scripts. Dust state resets when that fork runs, and Monument's clients are absent from the note.
Key facts
- Midnight (NIGHT) rose 7.5 percent, from $0.04306 at 06:00 UTC on 10 November 2026 to $0.04629 at 06:52 UTC on 12 November 2026. Source: CoinGecko market chart, coin id midnight-3, retrieved 12 November 2026.
- Bitcoin moved from $74,740 to $73,364 on that 48-hour clock, a 1.8 percent decline. Source: CoinGecko bitcoin market chart, retrieved 12 November 2026.
- Market cap was $768.9 million, rank 83, with $35.2 million of 24-hour volume and an 8.63 percent rolling 24-hour rise at 06:51 UTC on 12 November 2026. Source: CoinGecko /coins/midnight-3, retrieved 12 November 2026.
- Monument Bank's 27 March 2026 post targets up to £250 million in tokenised deposits and places the product in the coming months. Source: Monument Bank, retrieved 12 November 2026.
- On 10 September 2026 Mintoo Bhandari told CoinDesk the rollout was probably two months further out, and the standfirst expected deposits by November. Source: CoinDesk, retrieved 12 November 2026.
| Measure | Midnight (NIGHT) | Bitcoin |
|---|---|---|
| 10 November 2026, 06:00 UTC | $0.04306 | $74,740 |
| Latest chart print, 12 November 2026 | $0.04629 at 06:52 UTC | $73,364 at 06:56 UTC |
| Change across that window | +7.5 percent | -1.8 percent |
Table figures are CoinGecko hourly market-chart prints in US dollars, retrieved 12 November 2026, for Midnight coin id midnight-3.
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What to watch
Watch for a Monument or Midnight Foundation page, dated after 11 November, that names a go-live day and a custodian. Until that page exists, the September interview remains the latest bank comment opened while reporting. Also watch whether the node 2.1.101 motion is enacted, and whether Midnight's gap over bitcoin holds after the 11 November posts age. The path itself stays undescribed here.
This article is not a recommendation to buy or sell Midnight or any other asset. Crypto prices move sharply, the figures above come from CoinGecko, Monument Bank, CoinDesk, GitHub and an X post opened on 12 November 2026, and those pages can change after publication.