Aster News Today: Crypto Market Warms Up After CZ's Pardon, ASTER Surges by 20%

The value of

(ASTER), the primary token for the on-chain perpetual trading platform that does not require KYC, has experienced a notable jump recently. This uptick is attributed to renewed enthusiasm in the cryptocurrency sector after the U.S. granted a pardon to Binance founder Changpeng Zhao (CZ). Over the past 24 hours, ASTER climbed by 20%, moving from $0.94 up to $1.13, as reported by . This upward movement happened alongside a general recovery within the Binance ecosystem, with the exchange’s own token, , increasing by 4% during the same period.

This rally was sparked by President Donald Trump’s decision to grant clemency to CZ, a development that experts believe marks a reduction in regulatory pressures for the crypto sector. “The pardon has reignited optimism throughout the Binance ecosystem,” commented one analyst, who also noted that ASTER’s price surge demonstrates a “move toward quality” among projects associated with CZ. The platform, which is a competitor to decentralized exchanges such as Hyperliquid, has consistently gained from

, including his backing at its inception.

Aster’s upward trajectory was further supported by a recent announcement from the platform. The exchange disclosed that it intends to use 70-80% of its Season 3 trading fees for repurchasing ASTER tokens, aiming to maintain price stability and incentivize holders. The precise percentage will vary with market dynamics, but the buyback initiative has already generated optimism, as more than 10 million ASTER tokens have been withdrawn from exchanges by investors expecting future gains.

The token’s recent gains stand in contrast to its previous instability. Only a few weeks ago, ASTER was among several altcoins, including

(TAO) and Mantle (MNT), that led wave, as bearish trends drove prices below important support thresholds. However, the pardon of CZ and the resulting regulatory clarity have changed the outlook, with investors now seeing ASTER as a possible winner as the crypto industry moves toward greater normalization.

Elsewhere, the wider cryptocurrency market continues to be in a state of

. Kraken, a leading U.S. crypto exchange, for Q3, reaching $648 million, as it gets ready for a potential public listing. This performance highlights the rising interest from institutional players in crypto infrastructure, but also points to the sector’s ongoing volatility.