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

BeInCrypto
Former Binance CEO CZ debunked a viral, photoshopped claim that BlackRock filed for a staked ASTER ETF, noting the token faces market pressure despite buyback efforts.

Summary

Changpeng Zhao (CZ), former CEO of Binance, publicly refuted viral social media claims alleging that BlackRock filed for a staked Aster (ASTER) exchange-traded fund (ETF) with the SEC. The viral post contained a fabricated S-1 registration document that closely mimicked real SEC filings; however, closer inspection revealed it was photoshopped, referencing a real filing for an iShares Staked Ethereum Trust ETF instead. CZ warned that even major crypto opinion leaders can be fooled by such forgeries, emphasizing that ASTER does not need fake promotions to grow. This incident occurs while the ASTER token is experiencing market pressure, falling nearly 4% despite the project announcing an accelerated Stage 4 buyback program, increasing daily token purchases to about $4 million.

(Source:BeInCrypto)