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Aster Posts $41.78B Daily Volume, Leaving Hyperliquid in the Dust

Zabi
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Aster Posts $41.78B Daily Volume, Leaving Hyperliquid in the Dust

The derivatives trading market is witnessing a major shake-up, with Aster taking the lead among perpetual decentralized exchanges (DEXes).

According to a recent CoinMarketCap report, Aster has surpassed all other perpetual DEXes, boasting an astonishing $41.78 billion in daily trading volume.

In comparison, its closest competitors, Lighter and Hyperliquid, recorded daily volumes of $10.13 billion and $9.02 billion, respectively.

Aster also led in daily revenue, generating $13.44 million in trading fees, the highest among all decentralized perpetual platforms. Meanwhile, Hyperliquid maintained the largest open interest of $14.68 billion, reflecting its deep liquidity base.

Other notable platforms in the top 10 included edgeX, Apex, Paradex, Pacifica, GRVT, Jupiter, and Reya DEX. All of these platforms are vying to claim a share of the rapidly growing derivatives market.

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DefiLlama Removes Aster Data Amid Correlation Concerns

However, Aster’s dominance came under scrutiny this week after DefiLlama, a prominent Web3 analytics and tracking platform, delisted Aster’s perpetual trading data.

The move followed a public statement by DefiLlama’s pseudonymous founder, 0xngmi. Specifically, he pointed out an unusual statistical pattern in Aster’s reported trading volumes. According to him, Aster’s volume movements started mirroring Binance’s perpetual contracts almost perfectly. Such a level of correlation is highly unusual for independent decentralized exchanges.

Consequently, this raised alarms within the crypto analytics community. Since Aster does not publicly share on-chain order-level data, it becomes difficult for external parties to verify whether its reported volumes reflect genuine organic trading activity or potential wash trading.

Nonetheless, DefiLlama clarified that the delisting is only temporary. The platform’s data will remain suspended until proper verification or independent transparency mechanisms are in place.

Binance Connection Boosts Credibility

Despite the controversy, Aster’s market presence continues to grow, largely because of its strong association with Binance’s ecosystem. The project received a significant credibility boost after Binance founder Changpeng Zhao (CZ) publicly mentioned it on his X (formerly Twitter) account.

Behind the scenes, Aster’s development has a close link with YZi Labs, the rebranded venture investment arm of Binance Labs. YZi Labs made a strategic investment in Astherus, Aster’s predecessor, back in November 2024.

With YZi Labs now connected to both CZ and Binance co-founder Yi He, Aster enjoys deep access to the BNB Chain ecosystem, vast liquidity pools, and global investor attention.

Many analysts believe this connection has been a key driver of Aster’s rapid adoption and reputation as a “Binance-backed” decentralized platform, despite being, in essence, an independent platform.

ASTER Token Skyrockets Over 9,900% Since Launch

Adding to Aster’s headline dominance is the stunning rise of its native token, ASTER. The token was launched during its Token Generation Event (TGE) on September 17, at just $0.02. Remarkably, within a few weeks, it skyrocketed to $1.99, marking a 9,900% surge in value.

This rally pushed ASTER’s market capitalization to $3.37 billion, making it the 52nd largest cryptocurrency in the world, according to CoinGecko.

Here’s Why Not Holding Bitcoin by 2034 Would Be Risky

Mark Brennan
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Here’s Why Not Holding Bitcoin by 2034 Would Be Risky

Escalating economic decay and the prospect that Bitcoin would become even more scarce would make not holding the cryptocurrency by 2034 “risky.”

Crypto enthusiasts continue to rediscover some of the most interesting stories on Reddit. The widely followed Bitcoin-focused account “Trending Bitcoin” shared one from an anonymous user on Sunday, which highlighted the risks of not holding Bitcoin.

The 10-Year Bitcoin Projection

The user shared that the block reward for Bitcoin at the time of his post was 6.25 BTC, which culminates in approximately 900 BTC produced per day. While he made the post in 2024, his block reward thesis suggests it was before the April 2024 halving event.

Notably, the latest halving event reduced mining rewards to 3.125 per block, which remains unchanged to date. Interestingly, the user highlighted that this would decrease further in the next nine years to 0.78125 BTC, effective due to the 2028 and 2032 halving events.

The halvings would have trimmed down Bitcoin’s supply extensively from 900 BTC at the time of his post to 112.5 BTC produced daily. With massive institutional demand and a dwindling supply, Bitcoin would become even scarcer, significantly impacting prices.

Not Holding Bitcoin Is Risky

Furthermore, the anonymous user noted that while some suggest that exposure to Bitcoin is risky, those who don’t hold the premier crypto asset are in a more dangerous position. He drew this conclusion from the decadence that would erode the financial system by 2034 and Bitcoin’s place as a safe haven.

Reddit User's Bitcoin Projection by 2034
Reddit User’s Bitcoin Projection by 2034

For context, the post projected that in 10 years from then, the government’s deficit spending would reach new all-time highs. It claimed this would occur due to an aging population and a smaller workforce amid declining birth rates.

Then, the alternative to increasing taxes would be for the government to print more money, increasing inflation. During such hyperinflationary economic conditions, Bitcoin’s scarcity would ensure it thrives as a store of value.

Meanwhile, the user further raised doubts on fiat currency, noting that he does not know what the currency Bitcoin will be denominated in would be worth by 2034. As a result, he would refrain from making price projections for Bitcoin. This aligns with a comment from Tim Draper that Bitcoin would increase infinitely against fiat currencies like the US dollar.

Bitcoin Gains Popularity as a Safe Haven

Interestingly, the user’s projection is already underway, as Bitcoin has continued to hit new all-time highs against the dollar. Yesterday, it rallied to an unprecedented high of $126,200, boosting the broader crypto market cap to $4.32 trillion.

Many have projected further upsides before the end of the year, as prices continue to gain momentum. Most assertions suggest a range of between $150,000 and $200,000, with a few targeting higher prices.

Moreover, this growth comes despite the government shutdown in the United States due to a budget stalemate. This further strengthens investors’ confidence in Bitcoin as a safe haven, as they trade fiat for the asset in the “debasement trade.”

Team Predicts Shiba Inu to Join Bitcoin in Hitting a New ATH Soon, But it Seems Doubtful

Lele Jima
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Team Predicts Shiba Inu to Join Bitcoin in Hitting a New ATH Soon, But it Seems Doubtful

The Shiba Inu ecosystem team has suggested that SHIB may be gearing up for a rally capable of pushing its price to a new record high.

The team made the suggestion yesterday shortly after Bitcoin set a new all-time high record of $126,198. With Bitcoin achieving the milestone, the team teased that Shiba Inu could be the next in line to reach a new ATH.

Historically, strong Bitcoin rallies have often triggered broader market upswings, benefiting the broader altcoin market. Bitcoin investors often reallocate a portion of their profits into altcoins like SHIB after a rally, triggering price surges across those alternative assets.

Notably, the Shiba Inu team is anticipating a similar trend this cycle and hopes that the inflow will propel SHIB to a new ATH.

Other prominent community members have echoed the same sentiment, including Shib Spain, who predicted that a major breakout, which could help Shiba Inu clinch a new peak price, is imminent.

Can Shiba Inu Reach New ATH?

Four years since Shiba Inu last reached its ATH of $0.00008845, the token has largely underperformed, dropping 85.65% from its peak. For SHIB to set a new record high at $0.00008850, it would need to surge by approximately 596.85% from its current price of $0.00001270.

Meanwhile, the current bull run stands out from previous cycles, which were primarily driven by retail investors. This time, institutional players are leading the charge through substantial investments in Bitcoin ETFs.

Issuers of Bitcoin ETFs, along with other institutional investors, have been accumulating large amounts of BTC, driving the coin to new heights.

Notably, despite Bitcoin reaching a new all-time high, Google search interest for the asset remains low, a sign that retail investors have yet to re-enter the market.

Given that institutions continue to focus on Bitcoin accumulation, the likelihood of them diverting significant capital toward alternative assets, such as SHIB, as observed during the previous bull cycle, appears limited for now.

Bitcoin interest over time
Bitcoin interest over time

Other Factors Hindering SHIB’s Growth Prospects

Moreover, several other factors continue to hinder Shiba Inu’s potential to reach a new all-time high.

Despite the Shiba Inu ecosystem team launching multiple projects, such as Shibarium and ShibaSwap, this momentum has waned.

Concerns have also grown over the team’s lack of transparency, as many members continue to operate under anonymous identities. This absence of accountability makes it challenging for institutional investors to commit funds to SHIB and its related ecosystem tokens.

Additionally, reports of internal conflict have surfaced. Developer Kaal Dhairya recently hinted at tensions within the team, alleging that some early contributors who profited from Shiba Inu’s growth have distanced themselves while claiming to be sourcing funds for the project.

Further complicating matters, specific team figures have publicly supported other projects, diverting attention away from SHIB. Unless these internal and structural issues are addressed, the likelihood of the token reaching a new all-time high remains slim.

US Stocks and Home Prices Have Surged 50% Since 2020, but Dropped 90% Against Bitcoin 

Mark Brennan
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US Stocks and Home Prices Have Surged 50% Since 2020, but Dropped 90% Against Bitcoin 

US stocks and home prices hit record highs in dollar terms, but they’ve dropped significantly when priced in Bitcoin.

Bitcoin has seen a steady upward trajectory over the past seven days. Starting from around $114,000 this month, it peaked at over $126,000 yesterday, October 6, before dipping slightly to hover around $123,000.

This price action comes at a time when Bitcoin and gold continue to outperform traditional assets such as real estate, according to a chart shared by Phil Rosen, co-founder of Opening Bell Daily.

Bitcoin the Debasement Trade Winner 

Rosen’s chart and accompanying commentary highlight a trend in asset valuation. The chart visualizes a contrast between US home prices in dollar terms versus Bitcoin, shedding light on a growing phenomenon: the “debasement trade.”

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This concept refers to the devaluation of traditional assets like US stocks and real estate when measured in hard assets like gold or Bitcoin. While US stocks and home prices have hit record highs in dollar terms, they’ve experienced significant losses when priced in alternative currencies such as Bitcoin.

According to Rosen’s chart, since 2020, US home prices have surged by over 50% in dollar terms, as shown by the Case-Shiller Home Price Index. 

However, when those same homes are priced in Bitcoin, their value has plummeted by 90%. Notably, the discrepancy shows the growing erosion of purchasing power of the US dollar and the increasing dominance of alternative stores of value.

Essentially, the trend confirms that traditional assets may not be as strong as they appear when adjusted for the weakening purchasing power of the dollar.

S&P 500 Performance in Bitcoin Terms

Looking at a separate chart by Rosen, the S&P 500 follows a similar trajectory, showing strong gains in dollar terms but significant losses when measured in Bitcoin. 

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The chart shows a 106.14% gain in the S&P 500 when measured in US dollars, proving a strong performance of US equities in traditional terms. This shows investor confidence and growth in the stock market over the past several years. In contrast, the S&P 500 has seen an 88.36% decline when priced in Bitcoin. 

Bitcoin Against Gold and USD

Meanwhile, despite Bitcoin’s positive growth in recent years, it has yet to surpass its 2021 price when measured against gold. At that time, Bitcoin priced per gold share surged past 400 in GLD units. Today, it is at 342.

Speaking on this, Adam Livingstone suggested that this proves the current bull run for Bitcoin may not have even started yet, implying significant potential for further growth as it catches up to its previous high against gold.

In addition, Bitcoin’s performance in USD terms since 2020 has been nothing short of fluctuations, although in a positive trend. The price has increased by about 1,619% from January 2020, when it was trading just above $7,000, to the current price of $123,800.

Where is Bitcoin Headed Then?

Amid the outperformance, an analyst is eyeing even higher prices for Bitcoin in the coming days. Specifically, Jelle recently highlighted an important technical pattern in Bitcoin’s price chart. The chart shows Bitcoin’s price pushing toward new highs, with the previous all-time highs now acting as a key support level. 

This suggests that Bitcoin is undergoing a bullish trend where past resistance levels are now being retested and held as support. Such levels include $108,500 and $115,500. If these support levels hold, Bitcoin could continue its upward momentum, potentially reaching newer highs in the near term.

Pundit Says XRP Will Be One of the Greatest Assets of Our Lifetime

Abdulkarim Abdulwahab
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Pundit Says XRP Will Be One of the Greatest Assets of Our Lifetime

XRP advocate and industry commentator Coach JV has once again reiterated his unwavering belief in XRP long-term potential.

Specifically, he forecasts that XRP will be “one of the greatest assets of our lifetime.” His latest remarks have stirred conversations about the token’s enduring resilience and prospects.

Conviction in Crisis

In his post, Coach JV reflected on his early conviction in XRP, dating back to December 2020, when the U.S. SEC filed its lawsuit against Ripple. While panic spread across the market and many investors sold their holdings, he said his instincts told him to “go all in.”

According to him, that contrarian decision was a result of intuition and discipline. He credits these qualities for helping him build ecosystems that “will stand the test of time.”

His message syncs with his long-held belief that emotional control and independent thinking are key to building wealth in emerging markets like crypto. Coach JV’s statement also highlights his view that times of widespread fear often bring the best opportunities.

For context, XRP price dipped to $0.17 following the lawsuit announcement. However, with the coin at $3 today, it has surged over 1,664% since then.

Long History of Urging Investment in XRP

Notably, the pundit has been a consistent voice in the XRP community for years. In July 2025, he argued that “XRP will be the greatest missed opportunity of our lifetime”. Accordingly, he urged investors to prioritize long-term vision over lifestyle spending.

Later that same month, he warned that those ignoring XRP risked missing “the greatest wealth transfer in history.” 

Supporting this view, he asserted that Ripple’s technology was not merely competing with the banking system but replacing it.

Meanwhile, in August, Coach JV went even further, forecasting that XRP could overtake Bitcoin and Ethereum by 2030.

He cited Ripple’s legal victory over the SEC and its growing consumer-facing products, such as the Gemini XRP Credit Card, as signs of the company’s expanding reach.

Essentially, despite concerns over XRP’s slow growth, Coach JV remains confident in its future, emphasizing the importance of staying disciplined and focused. His outlook aligns with many XRP holders who see the token as undervalued and believe patient investors will be rewarded.

When Will This XRP Breakthrough Be?

Coach JV’s latest statement predicting that XRP will become one of the greatest assets of our lifetime drew responses from investors who share his long-term optimism. Many expressed hopes of achieving financial freedom through XRP.

Among them, Alex Fifer shared that he is steadily accumulating XRP, XLM, and HBAR to achieve early retirement and live a self-sufficient lifestyle with his family.

Lady Catherine, who has held XRP since 2020, also supported Coach JV’s outlook but noted her curiosity about the timeline of XRP’s major breakthrough. She wonders whether the expected surge will come within the next five or twenty years.

Meanwhile, crypto influencer Christopher Greene presented a broader perspective. Specifically, he pointed out that XRP, along with Bitcoin and Ethereum, has consistently appeared in discussions at major global financial institutions such as the World Bank and the IMF. He sees this pattern as evidence of their foundational role in the future of finance.

Commentaries from community
Commentaries from the community

Here’s How High XRP Could Go if Its Market Cap Reaches the 4.236 Fib Level

Sam Wisdom Raphael
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Here’s How High XRP Could Go if Its Market Cap Reaches the 4.236 Fib Level

Well-regarded analyst Kevin Cage recently projected a possible surge in XRP market cap to the same Fibonacci extension Bitcoin and Ethereum hit in 2021.

Cage’s recent analysis comes on the back of the ongoing uncertainty surrounding XRP price action. Notably, XRP has failed to overcome the $3 psychological mark despite Bitcoin (BTC) hitting a new all-time high during the latest recovery push and the rest of the market gaining considerably.

While XRP has followed the uptrend, it has done so at a slower pace, up only 3% over the past week, as opposed to Bitcoin’s 9% gain and Ethereum’s 12% upsurge within the same timeframe. Amid this divergence, Ethereum has surged to a valuation of $568.5 billion, while XRP remains under the $180 billion mark, as the gap between both assets widens further.

Cage Remains Bullish Despite XRP’s Struggles

However, Cage expects XRP’s market cap to surge massively from the current position despite the recent struggles. For context, after XRP hit a new all-time high valuation of $216.69 billion on July 18, it faced a downtrend and relinquished the $200 billion, $190 billion, and $180 billion marks. 

Now, Cage believes a recovery above these points is imminent. His 1-month chart of XRP’s market cap movements identifies multiple Fibonacci extensions beyond the $128.51 billion mark (Fib. 1) that represent XRP’s possible valuation targets on the journey to greater heights.

XRP 1M Market Cap Chart Kevin Cage
XRP 1M Market Cap Chart | Kevin Cage

With XRP currently boasting a market cap of $178.61 billion at press time, data from the chart shows that it now trades above the 1.27 Fibonacci extension at $161.8 billion but below the next pivotal extension of 1.618 at the $204.6 billion mark. Note that XRP’s market cap surpassed Fib. 1.618 in July, when it crossed $204 billion. 

Today, it now trades below it, but Cage expects another run above the valuation mark. Beyond this, the next Fibonacci level is the 2 extension at $252.05 billion, which would mark a new all-time high in the XRP market cap and price. After this, the next levels are Fib. 2.618 ($328.4 billion) and Fib. 3.618 ($451.95 billion).

XRP Price at the Ultimate Market Cap Fib Target

Interestingly, Cage believes that the ultimate XRP market cap target sits at the Fibonacci 4.236 mark, which aligns with $528.29 billion. From the current market valuation of $178.61 billion, XRP needs a 195.8% increase to reach this ultimate target. 

Despite the upsurge required, Cage has expressed optimism that XRP’s market cap could reach this mark. He called attention to the fact that Bitcoin and Ethereum claimed this same Fib. 4.236 level on their monthly valuation charts during the 2021 bull run.

If XRP ever claims this mark, its price would have soared to greater heights. Specifically, with XRP featuring a circulating supply of around 60 billion tokens, a market cap of $528.29 billion, aligning with Fib. 4.236, would translate to a price of $8.8 per XRP. Notably, Dark Defender, a market analyst, previously predicted a possible XRP run to the $8 level this cycle. 

MetaMask to Launch $30 Million On-Chain Rewards Program as Token Debut Nears

Zabi
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MetaMask to Launch $30 Million On-Chain Rewards Program as Token Debut Nears

MetaMask, the world’s most widely used crypto wallet, is preparing to launch a major on-chain rewards program to give back to its global community.

The company confirmed the move in a post on X over the weekend. It announced that more than $30 million in Linea tokens have been set aside for the first season of rewards.

Described as “one of the largest on-chain rewards programs ever built,” the initiative marks a major milestone for MetaMask. The company emphasized that the program is not a farming opportunity. Instead, it represents a long-term effort to reward genuine engagement among its millions of users.

Program Built to Reward Real Activity, Not Speculation

The new rewards structure is aimed at users who already interact regularly with the blockchain through MetaMask. Specifically, rewards will include referral bonuses, mUSD incentives, exclusive partner perks, early access to tokens, and other benefits.

The platform hopes these incentives will encourage users to explore Web3 applications more deeply while also strengthening trust and loyalty. In particular, MetaMask frames the initiative as a way to “give back” to the community that drove its growth in DeFi.

Moreover, long-term users will be eligible for special privileges and higher-tier rewards. These incentives, in turn, serve to recognize and reward their sustained support since the wallet’s early days.

Joe Lubin: “This Is the First Step of a Much Larger Evolution”

Consensys founder and CEO Joe Lubin described the program as the beginning of MetaMask’s evolution into a user-centric financial platform.

In a detailed post on X late Sunday, he said MetaMask is “building the future of personal finance” through incentives that align with user behavior. He added that this initiative marks the first step in a larger effort to strengthen and empower the MetaMask community.

Additionally, Lubin confirmed that the rewards program is closely tied to the long-awaited MetaMask token, which he first mentioned publicly in September.

MetaMask Token and the Linea Connection

The upcoming MetaMask token will serve as a natural extension of Consensys’ expanding blockchain ecosystem. It follows the launch of LINEA, the firm’s Ethereum layer-2 network designed to improve scalability and lower transaction costs.

Lubin said the MetaMask token will “empower the community and honor the OGs who’ve been with us from the start.”

For instance, Season 1 of the rewards campaign will include early access to the token’s ecosystem, creating additional incentives for loyal wallet users.

 

Expanding Beyond Ethereum: New Features and Broader Access

Alongside the rewards announcement, MetaMask highlighted several platform upgrades. The wallet’s browser extension and mobile apps have both received major performance improvements and design updates.

Crucially, MetaMask has expanded beyond the Ethereum network, now offering support for Bitcoin and other blockchains. Moreover, the company aims to position itself as a multi-chain gateway, giving users control over assets spanning multiple networks. It also ensures seamless access to decentralized applications.

Meanwhile, Lubin encouraged inactive users to return, promising a smoother experience and greater earning potential once the program launches.

He hinted at new and impactful developments every few weeks during Uptober, November, December, and continuing throughout 2026.

Charles Hoskinson Excited New Wikipedia Competitor Could End Years of Bias Against Cardano

Elendu Benedict
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Charles Hoskinson Excited New Wikipedia Competitor Could End Years of Bias Against Cardano

Cardano founder Charles Hoskinson has expressed optimism about Elon Musk’s Grokipedia, a proposed Wikipedia competitor aiming to provide less biased content.

Hoskinson shared on X yesterday that Grokipedia would not just provide real competition for Wikipedia but also help diversify information sources. 

Elon Musk to Launch Grokipedia

For context, Hoskinson’s reaction followed an update from Elon Musk on the launch of a new online encyclopedia called Grokipedia. Musk disclosed that they would publish the first version of the information source in the next two weeks.

The media outlet aims to become the “world’s largest, most accurate knowledge source” for both human and artificial intelligence. According to them, Grokipedia would provide accurate information, free from bias or hidden agendas.

Notably, the Cardano founder buys this idea. He believes this would facilitate truthfulness and, most importantly, reduce information bias. He claimed that Wikipedia has had “bias with Cardano articles.” Notably, Grokipedia could bring an end to that.

The Hoskinson and Wikipedia Dispute

Remarkably, Charles Hoskinson has not had a soft spot for Wikipedia; this brawl dates back to Cardano’s early days. Back in 2020, he claimed that Wikipedia had an agenda against him and Cardano. This comes after he disclosed that the encyclopedia was preventing them from creating pages for the Cardano blockchain.

Hoskinson streamed a YouTube video in March 2020, titled “On Wikipedia,” where he ranted about undue censorship against Cardano by the platform. The founder insisted that the encyclopedia was hostile to Cardano despite being the most cited among its peers at the time.

He also took to X in October 2020 to brand Wikipedia as an “organization of cowards.” He stated in the tweet that one of the founders, Jimmy Wales, had blocked him.

Meanwhile, other blockchains also faced a similar challenge with Wikipedia in their early days, amid widespread censorship of the industry at the time. Even Bitcoin’s pseudonymous founder, Satoshi Nakamoto, expressed frustration over the incessant removal of Bitcoin’s entry on Wiki by the site’s editors.

Essentially, Grokipedia could give Cardano a fair playing ground to push the correct narrative about the ecosystem. It would also mitigate the left slant in several topics.

Expert Teases Major Stablecoin Reveal for Cardano, Says “It’s Just Time”

Lele Jima
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Expert Teases Major Stablecoin Reveal for Cardano, Says “It’s Just Time”

Long-standing Cardano proponent Dan Gambardello has fueled speculation about an upcoming major stablecoin announcement for the blockchain. 

In an X post yesterday, Gambardello referenced unconfirmed reports suggesting that a major stablecoin might soon launch on Cardano. His optimism also stems from the growing institutional involvement within the Cardano ecosystem, which he believes signals increased adoption among large players.

Gambardello further highlighted Cardano’s status as a blue-chip crypto project, citing its strong decentralization and security as key factors that make the network well-positioned for a significant stablecoin rollout.

He expressed confidence about the potential launch of a major stablecoin, noting that “it’s just [a matter of] time” before one will eventually roll out.

Notably, stablecoins are crucial in the cryptocurrency market, as they facilitate trading, lending, and payments while serving as a hedge against market volatility.

Community Reactions and Ongoing Speculation

Gambardello’s remarks sparked mixed reactions within the Cardano community. While some users are enthusiastic about the potential launch of a Tier-1 stablecoin, others remain skeptical and cautious about unverified claims.

Over recent months, community members have speculated that Cardano developers may be working behind the scenes to bring a Tier-1 stablecoin, such as USDC or USDT, to the network. Supporters believe such a development could significantly boost Cardano’s DeFi activity and attract a broader user base.

Despite growing anticipation, no major stablecoin has officially launched on Cardano to date.

Hoskinson Pushes for RLUSD Launch on Cardano

Meanwhile, Cardano founder Charles Hoskinson has publicly revealed plans to integrate Ripple’s stablecoin, Ripple USD (RLUSD), on the network.

In May, he disclosed holding multiple meetings with Ripple executives, including CEO Brad Garlinghouse and outgoing CTO David Schwartz, to advance this goal. Although Hoskinson remains confident about RLUSD’s eventual launch on Cardano, an official timeline for its debut has not been announced yet.

While the Cardano network has yet to attract any Tier-1 stablecoins, it currently hosts several smaller native stablecoin projects. Cardano’s total stablecoin market cap stands at roughly $38.55 million. Moneta (USDM) ranks as the largest, boasting a valuation of $12.97 million.

Djed (DJED), the stablecoin launched by Cardano’s development arm Input Output in 2023, has seen limited growth, with a current market capitalization of just $4.74 million.

Meanwhile, for now, the wait continues for a major stablecoin like USDT or USDC to launch on the network.

Binance Founder CZ Responds to Forbes Billionaires List: ‘Wealth Doesn’t Define Success’

Zabi
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0
Binance Founder CZ Responds to Forbes Billionaires List: ‘Wealth Doesn’t Define Success’

Binance founder Changpeng Zhao (CZ) has dismissed his inclusion among the world’s top billionaires, saying that his true measure of success lies not in wealth but in helping people.

The crypto pioneer’s comments came shortly after Forbes ranked him as the 21st richest person in the world. The publication estimated his net worth at $87.3 billion.

“It’s Way Too High,” Says Zhao

The discussion began when YouTuber Ajay Kashyap posted a screenshot of the Forbes Billionaire List on X. In the post, he specifically drew attention to Zhao’s ranking.

CZ replied to the post, saying that the figures were inaccurate and overstated.

“I don’t believe this is accurate (way too high). I also don’t think it matters,” Zhao wrote. “What matters is how many people we can help, and by how much. Make the world a little bit better than before I arrived.”

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Overall, his words reflect a consistent theme in Zhao’s public statements, downplaying personal wealth while emphasizing the social and humanitarian side of technology.

Even so, as Binance continues to dominate the global crypto exchange market, Zhao remains vocal about his priorities. He consistently emphasizes utility, inclusion, and user security over fame or fortune.

BNB Reaches Record-Breaking Heights

While Zhao deflected attention from his fortune, his company’s token, BNB, was making headlines of its own. The digital asset reached a new all-time high of $1,241.81 on Monday amid renewed investor confidence and network activity.

Notably, BNB’s market capitalization surged to $171.93 billion, cementing its position as the fifth-largest cryptocurrency globally. The coin’s 24-hour price increase stood at 5.3%, fueled by strong trading volumes and bullish market sentiment.

BNB Chain Total Value Locked (TVL), a key indicator of on-chain activity, also rose significantly, climbing from $7.58 billion on September 27 to $15 billion this week. This marks the token’s highest TVL in over three years, reflecting growing trust in Binance’s blockchain ecosystem.

CZ Admits He Spends More Time on X

Amid these market developments, CZ also offered a personal insight that caught the attention of the crypto community. He acknowledged that he spends more time on X than on Binance Square, the company’s in-house social media platform launched in 2023.

When explaining his preference, Zhao cited security practices: he avoids staying logged into Binance.com when not executing trades, and said he enjoys using X to connect with the broader crypto community beyond Binance’s own user base.

Nevertheless, the Binance exchange has achieved impressive growth. The platform recently announced 275 million active users.

Strengthening Ties with Governments and Institutions

Beyond his online activity, Zhao has been actively engaged in global partnerships to integrate cryptocurrencies into national economies.

For context, during a recent visit to Kazakhstan, he met with President Kassym-Jomart Tokayev during the Digital Bridge 2025 forum. The meeting covered several topics, including Binance’s licensing, the growth of the crypto industry, and the potential inclusion of BNB in the country’s state reserves.

As reported earlier by The Crypto Basic, Kazakhstan’s Alem Crypto Fund, managed by the Ministry of Artificial Intelligence and Digital Development, announced that it had added BNB to its long-term investment portfolio, an important validation of Binance’s credibility at the national level.

Meanwhile, in Pakistan, Zhao’s influence also continues to expand. Earlier this year, he was appointed Strategic Advisor to the Pakistan Crypto Council (PCC).

In this role, he collaborates with both the government and private sector to develop a compliant, transparent, and globally competitive crypto ecosystem for the country.

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