Midnight Foundation, a privacy-enhancing blockchain, and Spacecoin, a decentralized satellite internet provider, are partnering to push private communication beyond the reach of traditional censorship into orbit. The collaboration focuses on developing peer-to-peer communication that operates over low-Earth orbit (LEO) satellites, reducing dependence on centralized internet providers while preserving user privacy at multiple layers of the stack.

According to the announcement, Spacecoin’s satellite network coordinated through blockchain-based infrastructure will provide the connectivity layer, while Midnight’s zero-knowledge (ZK) privacy framework will protect message content, user identities, locations, and communication patterns.

Midnight 🤝 @spacecoin

We’re excited to announce we're partnering with Spacecoin to explore a privacy-enhancing, peer-to-peer messaging platform built on decentralized satellite infrastructure.

By combining Spacecoin’s low-Earth orbit satellite infrastructure and… https://t.co/FXCAMSvnKr pic.twitter.com/CWSegLSQve

— Midnight (@MidnightNtwrk) January 29, 2026

Unlike traditional encrypted messaging apps that still rely on centralized servers, the proposed system aims to eliminate single points of control that can be censored, monitored, or shut down.

Cutting the Earth-bound “kill switch”

Internet shutdowns in countries like Uganda and Iran have shown how quickly governments can silence digital communication by pulling centralized levers. Spacecoin’s decentralized satellite network is designed to route data without relying on national gateways, keeping connectivity alive even during nationwide blackouts.

Because the network is coordinated through blockchain logic rather than a single operator, there is no obvious choke point to subpoena or shut down.

Privacy without metadata trails

Most “secure” messaging apps still leak who you talk to, when, and from where. Midnight’s zero-knowledge system tackles that gap directly. Users can prove they are authorized to send or receive messages without revealing phone numbers, IP addresses, or physical coordinates to the network itself.

“Privacy is not a feature or a privilege — it is a fundamental human right. To protect this right, we need to think beyond the application layer. If the underlying infrastructure itself is exploitable, true privacy does not exist,” said Fahmi Syed, President of the Midnight Foundation.

That approach turns privacy into a default property of the system rather than a promise made by a service provider.

Direct-to-device, no servers required

Unlike satellite internet services that depend on proprietary dishes, Spacecoin is exploring direct smartphone connectivity using 5G non-terrestrial network (NTN) standards. When paired with Midnight’s serverless architecture, the result is a communication layer with no central servers to seize, monitor, or quietly compromise.

The goal is resilience by design: fewer trust assumptions, fewer intermediaries, and fewer points of failure.

Recently, Spacecoin partnered with World Liberty Financial to use satellites for decentralized finance, expanding access to the internet and financial services. The company has launched three satellites to provide internet access without relying on traditional providers.

The announcement arrives amid volatility for both projects’ tokens. NIGHT is trading near $0.054, down about 4.8% on the week, while SPACE fell sharply to $0.011 over the same period despite elevated trading volume.

The partnership itself is still exploratory, but it signals a longer-term bet: pushing privacy beyond apps and into sovereign, censorship-resistant infrastructure.

Also read: AVAX Retests $11 Support, Can It Bounce Back to $13?

Hyperliquid, a decentralized exchange, is sharply reducing near-term token supply as it moves to protect HYPE’s price floor following a rapid rally. A message shared by a team member on Discord this week shows that only 140,400 HYPE will be unstaked and distributed to team members on February 6, marking a drop from prior months.

Initial projections had pointed to roughly 9 million HYPE per month entering circulation, a level that analysts warned could overwhelm spot demand. January’s distribution was already cut to 1.2 million tokens, making February’s payout an additional 88% drop month-over-month.

WTF lmao

Initially it was supposed to be 9M $HYPE ($290M) each month.

Then it was reduced to 1.2M $HYPE ($38.7M) the following month.

And now it’s down to 140k $HYPE ($4.5M) this month.

What a goated team.

Hyperliquid. pic.twitter.com/tjBEEuEkDU

— Alex (@alex_hunter20) January 29, 2026

Zero-VC structure enables unilateral supply control

Unlike many derivatives platforms, Hyperliquid launched without venture capital backing. This gives the core team the ability to alter or cancel vesting schedules without negotiating with external investors.

This supply move lands in a market where most HYPE is already constrained. Data from DeFiLlama shows roughly 59.25% of the token supply is locked, with only 40.75% circulating, meaning the team’s decision further tightens an already limited float.

In this context, cutting distributions doesn’t just reduce emissions, it amplifies the supply squeeze underpinning Hyperliquid’s current price structure. By doing so, the team is effectively absorbing short-term opportunity costs to avoid introducing heavy sell pressure during a sensitive phase of price discovery.

Liquidity tightens as demand accelerates

The timing of the cut aligns closely with a rise in activity across Hyperliquid’s markets. Open interest has climbed toward $790 million, while trading volumes have surged alongside the rollout of HIP-3 perpetuals, including traditional assets such as gold and silver.

Reducing token emissions as leverage and participation increase creates a deliberate supply-demand imbalance. With fewer tokens entering circulation, incremental demand has a greater impact on price, reinforcing upward momentum rather than diluting it.

A signal of long-term alignment

At current prices, the change means the team is passing on what would have been massive monthly payouts. Instead of relying on token unlocks, Hyperliquid is leaning on protocol revenue, estimated at around $844 million in 2025, to keep things running.

According to CoinMarketCap, HYPE is trading around $33.69 after a sharp 58% weekly rally, pushing its market capitalization to roughly $10.2 billion. Trading volume remains elevated near $757 million over 24 hours, reflecting heavy positioning even as activity cooled slightly day over day.

The priority is clear. Rather than cashing out early, the team is choosing to limit supply and avoid putting extra pressure on the market. It’s a different approach from many 2024 launches, where heavy unlocks quickly weighed on price. For now, Hyperliquid is signaling that protecting HYPE’s market structure comes first.

Also read: Crypto Trader Makes $2M in 24 Hours on Hyperliquid Amid HYPE Rally

Multiplifi, the DeFi protocol, has seen its total value locked (TVL) surge to nearly $187 million this week after a single large on-chain inflow reshaped the protocol’s balance sheet almost overnight. The jump occurred as tokenized real-world assets were moved into the platform, following Multiplifi’s integration with Centrifuge and the launch of rwaUSD, rather than through steady user deposits.

The timing suggests a pipeline deployment of institutional assets, marking a deliberate shift in how capital is entering the protocol.

RWAUSD emerges as the largest TVL component

Token composition data shows that roughly 67% of Multiplifi’s TVL is now concentrated in rwaUSD, a stablecoin backed 1:1 by short-term U.S. Treasuries, dollar deposits, and cash equivalents. The asset is issued by BitGo, with branding and ecosystem services provided by World Liberty Financial.

The rwaUSD has grown fast. In the past 30 days, its market cap reached $4.93 billion, while monthly transfer volume jumped above $32 billion. Active addresses nearly doubled in the same period, reinforcing that the capital flowing into Multiplifi is operational liquidity rather than idle TVL.

Speculative chatter is happening on social media that the TVL surge stems from its strategic shift toward infrastructure-focused partnerships rather than traditional farming. Users point to the newly launched $50M RWA-backed stablecoin vault, a collaboration with AFI Protocol on Base, as the likely catalyst for this massive liquidity influx.

Seems this was the reason @multiplifi TVL surged soo much.

Thinking multiplifi would do more partnerships like this. Infra as opposed to the normal stablefarms we know.

Also today is the last day to sell your crystals. So sell now if you have thoughts of selling.

gMultipli https://t.co/9xGR1NVtpN pic.twitter.com/XoMviOnjqT

— Jux (@Jameel69420) January 28, 2026

RWA momentum extends beyond one protocol

Multiplifi’s partnership with Centrifuge brings tokenized AAA CLO exposure, including JAAA, alongside tokenized equity and Treasury instruments into a unified collateral framework. Instead of farming incentives, the protocol positions itself as infrastructure: enabling yield on tokenized stocks, borrowing against them, and turning RWAs into productive balance-sheet assets.

The surge comes amid broader expansion in tokenized real-world assets. Over the past 30 days, total on-chain RWA value climbed to $24.02 billion, with asset holders up more than 34%, according to RWA.xyz. Tokenized Treasuries, private credit, and equities are increasingly being treated as long-duration infrastructure flows rather than speculative DeFi rotations.

Solana’s real-world asset (RWA) ecosystem has crossed $1 billion in on-chain value, marking a key milestone for tokenized finance on public blockchains. The growth is coming from tokenized Treasury funds and yield products, which tend to be longer-term and help keep on-chain activity steady even as markets cool.

In that context, Multiplifi’s TVL jump looks less like a one-off anomaly and more like a preview. As large RWA pipelines move on-chain, growth may arrive in blocks—not drips—reshaping how TVL should be interpreted across DeFi.

Also read: Ethereum To Rollout ERC-8004 On Mainnet To Empower AI Agents