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Zhao Changpeng (CZ), the former CEO of Binance, has denied viral claims that BlackRock, the world’s largest asset manager, had applied for an secured capital exchange (ASTER) fund.
The link between CZ’s capital and CZ’s capital is related to CZ’s significant personal investment and public support of the decentralized derivatives exchange, which has sparked significant price spikes and speculation in the past.
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Has BlackRock Asked The Aster ETF?
A social media post claiming that BlackRock has filed for an exchange-traded fund with the SEC went viral on X (formerly Twitter) today. The post included what appears to be an official S-1 registration document dated December 5, 2024, mentioning “iShares Staked Aster Trust ETF” and listing BlackRock’s contact information.
The photo went viral, leading to speculation about corporate moves regarding Capital. However, it is important to note that there is no evidence of such a filing in official SEC filings. The fake document closely mimicked the files of the royal commission, making the forgery difficult to detect at first glance.
However, a closer look at the photo reveals that it is a Photoshop fake. In fact, the description in the document refers to iShares Staked Ethereum Trust ETFA proprietary recording made by BlackRock on December 5. In addition, the asset manager has made it clear in the past that its current focus is on … Cryptocurrency exchange funds are limited to Bitcoin and ethereal.
CZ also quickly responded to deny the misinformation. He warned his followers that the big opinion leaders in the cryptocurrency space could be deceived.
He wrote: “Fake. Even great opinion leaders sometimes deceive. The capital does not need these false images to grow.”
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It is worth noting that The relationship between CZ and capital Dating for a long time. In September, the CEO expressed His support for the platform. Additionally, YZi Labs (formerly Binance Labs) owns The minority stake in DEX.
In November, CZ revealed that he had He personally bought the equivalent of about $2 million worth of VC tokens as a long-term investment. This caused a 30% increase in the price of the ASTER coin.
ASTER price falls despite buyback program
At the same time, the ASTER token is facing market headwinds despite the recent efforts of the buyback project. On December 8, the team announced that it will begin a Phase 4 purchase acceleration program, increasing its daily purchases to approximately $4 million in tokens, up from a previous pace of approximately $3 million.
“This acceleration allows us to bring the fees of Phase 4 accumulated since November 10 on the chain more quickly, giving more support in volatile conditions. Based on current fee levels, we estimate that a flat execution will be reached in 8-10 days, after which each day of Phase 4 buybacks of 60-90% of the previous day’s income will continue until the end of Phase 4.
So far, this move has not translated into an upward price push. ASTER is down nearly 4% in the last 24 hours, deepening recent losses.
At the time of writing, it was Trading Altcoins At $0.93. Trading activities also weakened, as the daily volume decreased by 41.80%.
