Key Insights
- •ASTER price saw a 15% surge following a significant partnership announcement with World Liberty Financial.
- •The decentralized exchange (DEX) will collaborate with the Trump family-backed DeFi company to enhance the adoption of the USD1 stablecoin.
- •Aster CEO Leonard has confirmed the partnership, with further announcements anticipated at the upcoming Binance Blockchain Week.
Aster Confirms Partnership with World Liberty Financial
ASTER price jumped 15% after Binance-backed Aster DEX announced a partnership with World Liberty Financial (WLFI) on Tuesday. The DEX will collaborate with the Trump family-backed DeFi company to expand the adoption of the USD1 stablecoin. This move has generated significant interest within the cryptocurrency community.
Aster DEX has officially partnered with World Liberty Financial (WLFI), a crypto startup reportedly linked to the Trump family. Aster founder and CEO Leonard confirmed the collaboration via an X post on December 2.
Leonard stated that the decentralized exchange will actively work to boost the adoption of WLFI’s USD1 stablecoin. This collaboration is also expected to foster greater DeFi adoption by integrating stablecoin utility with advanced perpetual trading capabilities.
The development was initially shared within the crypto community on X, with reports indicating that representatives from Aster and WLFI discussed their strategic plans during a private event held at the Binance Blockchain Week.
Aster, Opinion, and World Liberty Financial convened for a private meeting. Leonard subsequently confirmed these details on his official X account, stating:
"Word travels fast in this space. Had an amazing time with World Liberty Financial and everyone who joined us in Dubai. We’re exploring ways to expand USD1 adoption together. Stay tuned."
The event reportedly drew over 176 attendees, including traders, protocol founders, researchers, and prominent figures in the digital asset sector. The gathering commenced with registration, followed by opening remarks and a networking mixer that spanned more than three hours.
Anticipation for Further Announcements at Binance Blockchain Week
Leonard is scheduled to participate in the two-day Binance Blockchain Week, taking place at the Coca-Cola Arena on December 3 and 4. In a Tuesday post, the exchange encouraged attendees to visit their booth for potential further announcements.
The company announced:
"We’re at Binance Blockchain Week! Find us at booth P4 or join us at the events below, and we’d love to connect in person."
Aster’s agenda for the forum includes a main-stage talk titled "Perp DEXs and the Freedom to Trade," a StableFi networking dinner, and a post-BBW DeFi forum named "New Era of DeFi: From Stablecoin to Autonomous Neo Banking" on December 5.
In recent news, Binance founder Changpeng “CZ” Zhao publicly endorsed Aster, which led to a significant increase in demand for the perpetual exchange. This endorsement reportedly contributed to Hyperliquid losing market share, as CZ’s family office, YZi Labs, has invested in Aster.
ASTER Price Experiences a Significant Surge
ASTER's price saw a 6% jump within a two-hour period and a notable 15% increase over the past 24 hours. At the time of reporting, the price was trading at $1.01, with a 24-hour low of $0.884 and a high of $1.029.
Trading volume experienced a 14% increase over the last 24 hours, indicating a growing interest among traders.
Furthermore, Aster's initiation of the fourth round of token buybacks on the current day has provided additional support for the price recovery. This buyback program was implemented to support token holders amidst the ongoing volatility in the crypto market.
Analyst Michael van de Poppe has predicted a potential upside for ASTER. He shared a 4-hour time frame chart, suggesting that the token is poised to break above the 20-moving average.
Data from CoinGlass indicates that the derivatives market experienced selling pressure in the preceding hours. As of this writing, the total ASTER futures open interest had decreased by 2% within an hour, attributed to profit-taking.
Conversely, the 24-hour ASTER futures open interest saw an increase of more than 8%. Notably, the futures open interest on Binance climbed by over 10%.