Changpeng “CZ” Zhao, that indefatigable Binance founder, recently addressed the curious whispers surrounding his alleged entanglements with Aster, that sprightly perpetual decentralized exchange. With a flourish worthy of a Whitehall bureaucrat, he insisted his role was nothing more than a “technological advisor,” a phrase he delivered with the solemnity of a man explaining why he owns three left boots.
“I merely offer counsel on product and tech, like a kindly uncle proffering advice on how to polish one’s cravat,” he declared. “Regulatory matters? Oh, dear, no! That’s not my forte. I’m no solicitor, you understand. I once found myself in a rather sticky wicket with the law, and I’d prefer not to repeat the experience. I’m just helping them-metaphorically, of course.” 🤷♂️
NEW: @cz_binance UNVEILS HIS ASTER ADVENTURE
– DEGEN NEWS (@DegenerateNews) September 27, 2025
Zhao, ever the old boy network enthusiast, noted that Aster’s team brims with ex-Binance alums, “like a cricket team composed entirely of retired vicars.” He also confirmed that YZi Labs, his $10 billion venture capital firm (a sort of treasure trove for early Binance execs), holds a modest stake in Aster. “Modest,” he said, “like the waistcoat of a man who’s just had a very large scone.”
Despite these cozy connections, CZ insisted Aster operates “independently,” a claim as believable as a teapot flying to the moon. Still, he praised it as “a very strong project,” adding that while it competes with Binance, its success “indirectly benefits BNB.” One might call it the financial equivalent of a cat knocking over a vase and then claiming to have improved the decor. 🐱✨
Few grasp the subtlety.
Aster jousts with @Binance, yet aids #BNB.
– CZ 🔶 BNB (@cz_binance) September 28, 2025
Aster’s Rapid Rise
Aster, launched this spring on BNB Chain, has ascended to crypto stardom with the grace of a penguin on roller skates. The platform offers perpetual and spot trading, alongside its native token, ASTER, which serves as a governance tool, discount coupon, and staking reward. The token recently soared to $2.41 before retreating to $1.70, much like a soufflé that forgot to rise.
The recent airdrop, distributing 8.8% of tokens by October 17, has traders buzzing like bees at a picnic. “A token shower from the heavens,” CZ might call it, though one suspects he’d prefer to keep the metaphorical umbrellas closed.
Perpetual DEX Market Surges
The perpetual DEX market has been on a tear, hitting $70 billion in daily volume earlier this week. At present, it stands at $62.48 billion, with Aster accounting for nearly $42.8 billion. Industry observers, armed with spreadsheets and lukewarm tea, have dubbed this “renewed momentum in decentralized finance.” One might call it a party where everyone forgot to bring the champagne, but the confetti’s lovely.
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2025-09-28 19:15