Input Output CEO and founder Charles Hoskinson announced the a deal to get the institutional-focused LayerZero ported over to the Cardano blockchain. Feb 12, 2026, 2:09 a.m. Input Output CEO and founder Charles Hoskinson announced the a deal to get Layerero ported over to the Cardano blockchain during a keynote speech at Consensus Hong Kong on Thursday. LayerZero is a blockchain aimed at powering institutional-grade markets that received investment from Citadel Securities on Wednesday. STORY CONTINUES BELOW The announcement comes alongside the rollout of Midnight's mainnet, which was also revealed on Thursday morning. Hoskinson, who was comically wearing a McDonalds uniform in a nod to the recent market downturn said: "The industry is not healthy. S*** is getting real. Twitter is a nuclear dumpster fire. Sentiment is at an all time low." But he insisted it was a micro downturn, and the macro remains bullish. More For You Hong Kong remains committed to digital assets but feels competition from an ‘aggressive’ UAE 7 hours ago Dubai and Abu Dhabi have established a solid regulatory framework for virtual assets, and each region has brought this under the auspices of a single, dedicated regulatory authority. What to know: Hong Kong could take lessons from the UAE and Korea regarding crypto regulation, said a member of the China National Committee, speaking at Consensus Hong Kong. The undersecretary from Hong Kong's Treasury said an enduring attraction of Hong Kong is that there are “no surprises” from regulators. Read full story