ADA's short positions have reached their highest levels since June 2023, reflecting bearish market sentiment amid weak price action and slow on-chain growth. Meanwhile, the Midnight Foundation, associated with Cardano, announced a partnership with Monument Bank, a UK-regulated institution, to tokenize £250 million in retail deposits. These interest-bearing digital tokens will be fully backed and compliant with relevant regulations, leveraging Midnight's privacy-centric infrastructure to enable controlled data visibility. Cardano CEO Charles Hoskinson called this a major deal that could deliver significant value to the Midnight ecosystem. This issuance adds new use cases for regulated financial applications, with the market closely monitoring developments across the broader ecosystem.