{"id":11956,"date":"2025-09-28T15:14:08","date_gmt":"2025-09-28T15:14:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/binance-founder-cz-clarifies-aster-link-just-an-advisor\/"},"modified":"2025-09-28T15:14:13","modified_gmt":"2025-09-28T15:14:13","slug":"binance-founder-cz-clarifies-aster-link-just-an-advisor","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/binance-founder-cz-clarifies-aster-link-just-an-advisor\/","title":{"rendered":"Binance founder CZ clarifies Aster link: \u2018Just an advisor\u2019"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lnk.do\/Bnx5rBi7\">Binance<\/a> founder Changpeng Zhao has clarified his role with perpetual DEX Aster after community speculation about his involvement with the project.<\/p>\n<div id=\"cn-block-summary-block_5186814ae368b7506615da1555d59fef\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>CZ denies being on Aster\u2019s team, says he\u2019s only an advisor with a small stake<\/li>\n<li>Aster competes with Binance but still benefits BNB, says CZ<\/li>\n<li>ASTER token surged 7,000% since launch, driving speculation on CZ\u2019s role<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Zhao, aka CZ, confirmed that several former Binance employees are part of the Aster (ASTER) team and that his venture capital firm YZi Labs holds a minority stake in the platform.<\/p>\n<p>The clarification came after an X user claimed CZ said during Spaces that he was \u201cpart of the Aster team,\u201d prompting the Binance founder to respond directly.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not on the team, just an advisor.<\/p>\n<p>\u2014 CZ \ud83d\udd36 BNB (@cz_binance) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1972123904203448737?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>\u201cNot on the team, just an advisor,\u201d Zhao said. While Aster competes with Binance, it ultimately benefits BNB, he added.<\/p>\n<h3 class=\"wp-block-heading\">Confusion about Zhao\u2019s involvement with Aster<\/h3>\n<p>The confusion about Zhao\u2019s role emerged after market speculation surrounding his involvement with Aster.<\/p>\n<p>One X user posted about holding 300,000 ASTER tokens, claiming CZ confirmed his team participation during X Spaces and setting price targets at $40 based on this perceived endorsement.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Zhao\u2019s quick correction aimed to clarify the nature of his involvement amid growing market interest in the perpetual trading platform.<\/p>\n<p>The ASTER token has experienced significant price movements since launch, surging over 7,000% from its initial price and reaching an all-time high of $2.41 on September 24. This growth has attracted both retail and institutional attention to the decentralized perpetuals space.<\/p>\n<h3 class=\"wp-block-heading\">Aster competes with Binance, but helps BNB<\/h3>\n<p>Zhao\u2019s comment that Aster \u201ccompetes with Binance, but helps BNB\u201d shows a nuanced view of ecosystem competition.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Few understand this.<\/p>\n<p>Aster competes with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Binance<\/a>, but helps <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#BNB<\/a>. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/CmTSvVKUGR\">https:\/\/t.co\/CmTSvVKUGR<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 BNB (@cz_binance) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1972125175085994106?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>This perspective suggests that successful competitors can drive adoption that benefits the overall crypto ecosystem, including Binance\u2019s native token.<\/p>\n<p>Zhao\u2019s public endorsement has amplified Aster\u2019s visibility, with his initial congratulatory post following the token launch helping cause massive market interest.<\/p>\n<p>However, he has consistently denied allegations of market manipulation to favor Aster over competitors like Hyperliquid.<\/p>\n<p>The clarification comes as the perpetual DEX space experiences quick growth and competition.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance founder Changpeng Zhao has clarified his role with perpetual DEX Aster after community speculation about his involvement with the project. Summary CZ denies being on Aster\u2019s team, says he\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11956"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11956\/revisions"}],"predecessor-version":[{"id":11957,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11956\/revisions\/11957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4420"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}