Some big moves were made in the crypto space yesterday from a presidential denial to a token skyrocket to Zhao’s revelation of a personal $2.5 million stake.
So let’s get into the nitty gritty of what happened yesterday in crypto.
CZ sends Aster Token flying in big move
CZ, fresh from his high-profile pardon, shared his wallet holdings on social media saying, “I bought some Aster today, using my own money on Binance.”
He emphasized his long-term strategy: “I am not a trader. I buy and hold.”
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Binance co-founder Changpeng “CZ” Zhao disclosed that he now holds over $2.5 million in Aster.
This personal endorsement triggered an immediate big move in Aster’s price action, showcasing how influential figures can catalyze market momentum.
President Trump denies he even knows CZ
Meanwhile, in another CZ related story, US president Donald Trump has defended his pardon of CZ, insisting he “doesn’t know” the Binance co-founder personally. He said his decision was in no way politically motivated.
In a CBS News’ 60 Minutes interview on Sunday, Trump dismissed ties amid reports of Binance facilitating a $2 billion stablecoin deal linked to his World Liberty Financial (WLFI) platform.
“OK, are you ready? I don’t know who he is,” Trump said, labeling CZ’s prior case a “Biden witch hunt.”
He brushed off “pay-for-play” allegations, saying, “Well, here’s the thing, I know nothing about it because I’m too busy doing the other.”
Trump’s pardon in late October, following CZ’s 2023 admission to facilitating money laundering has fueled debates.
95% of Iran’s Crypto Mining Devices are Illegal: Iranian officials
Shifting gears to another arena of big moves that are not at all positive, Iranian officials have found that over 95% of Iran’s crypto mining devices are in fact illegal creating a huge power crisis in the nation.
Akbar Hasan Beklou, CEO of Tehran Province Electricity Distribution Company, exposed this menace, noting that these rogue setups consume over 1,400 megawatts nonstop.
According to reports, over 95% of Iran’s approximately 427,000 crypto mining devices are running illicitly.
Iran has inadvertently become the world’s fourth-largest hub for crypto mining devices, a “paradise for illegal miners,” according to Beklou.
This has crippled supply chains, leaving households in darkness and sparking fury among energy leaders. Authorities are currently carrying out crackdowns to restore power reliability and protect citizens.
To wrap it up, this week’s big moves from Aster’s triumphant rally to regulatory overhauls and political endorsements signal a bullish horizon. Crypto enthusiasts, big moves are here and they’re only getting better.
Stay tuned to Coin Medium for all the details.
