KEYTAKEAWAYS
-
Aster’s 24h perp trading volume hit $21.1B, surpassing Hyperliquid, fueled by CZ’s endorsement and ASTER’s 400% price surge.
-
Vitalik Buterin urges full-stack openness and verifiability across sectors, stressing transparency, fairness, and trust in open-source ecosystems beyond crypto.
-
Tether reportedly seeks up to $20B in private funding, valuing it near $500B, though the company denies active fundraising plans.
CONTENT
ASTER PERP TRADING VOLUME DOUBLES HYPERLIQUID IN 24 HOURS
On September 24, Defillama data showed that Aster’s 24-hour perpetual futures trading volume reached $21.11 billion, more than double Hyperliquid’s $9.72 billion.
The surge comes after Binance founder Changpeng Zhao publicly endorsed Aster’s native token, ASTER. Following its launch, the token price skyrocketed 400% in a short span, attracting intense market attention and speculative inflows. This explosive wealth effect drove a rapid influx of trading activity, pushing Aster’s volume past all competitors.
Still, analysts caution that such growth reflects a short-term spike triggered by strong external catalysts rather than sustainable competitive strength. In crypto, tokens often see volume booms after high-profile endorsements, but this does not necessarily translate into long-term dominance over industry leaders.
VITALIK PUSHES FULL-STACK OPENNESS AND VERIFIABILITY FOR FAIRNESS AND TRANSPARENCY
Ethereum co-founder Vitalik Buterin recently published an essay emphasizing the importance of full-stack openness and verifiability across modern technology sectors, including personal health, digital citizenship, and the global economy.
He argued that ensuring security and fairness requires open-source and verifiable systems to reduce power abuses and enhance transparency and trust at a societal level. Vitalik’s vision involves developing a fully open-source, easily verifiable full-stack solution spanning hardware, software, and biotechnology, with a focus on high-security but non-performance-critical applications.
This perspective underscores the role of open ecosystems in building trustworthy infrastructure and extending decentralization beyond crypto. However, striking a balance between openness and efficiency, as well as between privacy and regulatory compliance, remains a major challenge for future adoption.
TETHER REPORTEDLY EYES $20 BILLION FUNDRAISE
According to Bloomberg, stablecoin issuer Tether is in talks with investors to raise between $15 billion and $20 billion through a private placement in exchange for about 3% equity. If successful, the deal could value the company at as much as $500 billion, placing it among the world’s most valuable private firms. Sources said potential investors have already been granted access to review the data room, with the transaction possibly closing by year-end.
Tether’s advisors and representatives, however, publicly denied that fundraising plans are currently in place.
The news highlights both the market’s focus on Tether’s dominance in the global stablecoin ecosystem and the potential for crypto finance companies to climb toward valuations comparable to leading tech giants. If finalized, the deal would significantly strengthen Tether’s capital position and industry influence. Still, uncertainties remain around the scale and terms of the raise, while market volatility, regulatory scrutiny, and transparency concerns are expected to weigh heavily on investor decisions.
