CZ Refutes Viral BlackRock Aster ETF Claim as Token Faces Market Pressure

Changpeng Zhao (CZ), the previous CEO of Binance, has debunked viral claims that BlackRock, the world’s largest asset supervisor, filed for a staked Aster (ASTER) exchange-traded fund (ETF).

The hyperlink between Aster and CZ stems from CZ’s vital private funding and public endorsement of the decentralized derivatives trade, which has sparked huge worth rallies and hypothesis prior to now.

Did BlackRock File For An Aster ETF?

A social media publish alleging BlackRock had filed for a staked ASTER ETF with the Securities and Exchange Commission went viral on X (previously Twitter) at this time. The publish included what gave the impression to be an official S-1 registration doc dated December 5, 2024, citing an “iShares Staked Aster Trust ETF” and itemizing BlackRock’s contact data.

The picture unfold shortly, resulting in hypothesis about institutional strikes concerning ASTER. However, it’s essential to notice that there isn’t any proof of such a registration in official SEC filings. The fabricated doc intently imitated actual SEC filings, making the forgery tough to detect at first look.

Still, a better take a look at the picture reveals it’s photoshopped. The description within the doc truly refers to the iShares Staked Ethereum Trust ETF, an actual submitting BlackRock submitted on December 5. Furthermore, the asset supervisor has made it clear prior to now that its present deal with crypto ETFs is limited to Bitcoin and Ethereum.

CZ additionally responded promptly to debunk the misinformation. He cautioned his followers that even established crypto opinion leaders may be deceived.

“Fake. Even massive KOLs will get fooled occasionally. Aster doesn’t want these faux photoshopped pics to develop,” he wrote.

Notably, the connection between CZ and Aster dates again a good distance. In September, the executive voiced his help for the platform. Furthermore, YZi Labs (previously Binance Labs) holds a minority stake in the DEX.

In November, CZ revealed that he had personally bought about $2 million price of Aster tokens as a long-term funding. This triggered a 30% surge in ASTER token’s worth.

ASTER Price Slips Despite Buyback Program

Meanwhile, the ASTER token is going through market headwinds regardless of the mission’s newest buyback effort. On December 8, the crew introduced that it could provoke an accelerated Stage 4 buyback program, rising its every day purchases to roughly $4 million price of tokens, up from the earlier tempo of round $3 million.

“This acceleration permits us to convey the accrued Stage 4 charges since Nov 10 on-chain extra shortly, offering extra help throughout risky situations. Based on present payment ranges, we estimate reaching steady-state execution in 8–10 days, after which every day Stage 4 buybacks will proceed at 60–90% of the day past’s income until the tip of Stage 4,” Aster posted.

So far, the transfer has not translated into upward worth momentum. ASTER fell almost 4% over the previous 24 hours, extending latest losses.

At the time of writing, the altcoin was changing arms at $0.93. Trading exercise additionally weakened, with every day quantity dropping by 41.80%.

The publish CZ Refutes Viral BlackRock Aster ETF Claim as Token Faces Market Pressure appeared first on BeInCrypto.