DeFI News by Thebittimes.Com

An altcoin that exploded on the scene this year is surging thanks to a boost from Binance founder Changpeng “CZ” Zhao. In a new tweet, CZ disclosed purchasing 2,090,598 Aster (ASTER) tokens on Binance at around $0.913 each, sparking a 36% price jump to a high of $1.25. Zhao emphasized his philosophy of buying and holding, comparing it to his early BNB investment eight years ago. Aster is a decentralized exchange that’s active on the Solana network, BNB Chain, Ethereum and Arbitrum, offering spot and perpetual trading with up to 1001x leverage. It supports crypto and U.S. stocks, settled in crypto without bridging. Backed by YZi Labs, Aster launched in September 2025 on BNB Chain. CZ’s prior on-chain buys in September fueled early hype. Since launching in mid-September at around $0.10, Aster rocketed over 1,000% to a peak of $2.41 by September 24th, then pulled back to about $1.16 amid volatile trading volumes. Aster is priced at $1.22 ...

Binance co-founder Changpeng Zhao, also known as CZ, is considering launching a meme coin inspired by his pet dog. Speculation around the potential token began after somebody on the X social media platform asked Zhao whether he had a dog, to which he responded that he owns a Belgian Malinois, not a Shiba Inu breed used for the branding of popular tokens including Dogecoin (DOGE) and Shiba Inu (SHIB). Changpeng Zhao Asks How Meme Coins Work After Zhao disclosed the breed of his dog, another X user then asked for a photo and the name of the former Binance CEO’s pet. Caught off guard, Zhao quoted the tweet in a Feb. 12 X post and asked how the whole meme coin process works, posting, “I share my dog’s name and picture, and then people create memecoins?“ Honest newbie question. How does this work? I share my dog's name and picture, and then people create memcoins? How do you know which one is "official"? or does that even matter? (I see many people asking for ...

Join Our Telegram channel to stay up to date on breaking news coverage Following a piece of news from Binance, Luna Classic, which trades as LUNC, is up by more than 60% in under a day and has been holding a rank of #31 on coinmarketcap.com. This rise was followed by news from Binance after they made the announcement to cut the supply of the tokens by 1.2%. The token supply will be reduced under a burn mechanism, where “Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address,” In the process, a token is sent to a cryptocurrency address that isn’t operational by a user and, thus, helps reduce the circulating supply of the token, resulting in the bullish price action of the coin. While this rise has changed the sentiment around LUNC, it still is miles apart from its all-time high of over $100 earlier this year and is currently trading at $0.0003. Changpeng Zhao, CEO of Bin...

Binance CEO Changpeng Zhao recently addressed various pertinent questions about the leading Bitcoin (BTC) trading venue and its future amid ongoing regulatory challenges. Zhao, known within the crypto sector as “CZ,” provided insight on the exchange’s current situation as well as BNB Chain’s momentum in a recent X (formerly Twitter) “Ask Me Anything” session. CZ debunks Binance rumors and FUD Zhao began by addressing the rumors surrounding Binance, emphasizing that negative news often spreads faster than the truth in the crypto world.  He acknowledged the presence of FUD (fear, uncertainty, doubt) but highlighted that Binance is fundamentally different from the disgraced Sam Bankman-Fried’s FTX.  According to Zhao, the key difference lies in Binance’s financial structure. He claims the world’s largest centralized crypto exchange operates without debt, ensuring its financial stability. When asked about the sluggish momentum of th...

Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass. For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series. Master class is a web-based Education platform that offers “ class es” from subject matter experts in their respective spheres of influence. You can learn how to cook with Gordon Ramsay, explore the art of acting with Natalie Portman or master the tennis racket with Serena Williams. Its newly launched series on cryptocurrencies, blockchain and Web3 technology follows in the same vein. Binance CEO Changpeng “CZ” Zhao, A16z general partner Chris Dixon, Coinbase president Emilie Choi and Nobel laureate economist Paul Krugman tackle the ins and outs of the subje...