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Aster Deepens WLFI Partnership With USD1 Perpetual Markets

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ASTER Chart

The perpetuals exchange is promoting WLFI’s stablecoin as a trading asset ahead of the Aster Chain Layer 1 launch.

Aster, the decentralized perpetuals exchange backed by YZi Labs, is expanding its collaboration with World Liberty Financial, the DeFi project affiliated with the Trump family, adding USD1-denominated perpetual contracts and an incentive program aimed at bootstrapping stablecoin liquidity ahead of the platform’s Layer 1 launch.

The exchange is starting with BTC, ETH, and SOL pairs, with more than 10 additional pairs planned in the coming weeks. USD1 is also supported as a core margin asset and collateral equivalent to USDT, and Aster is offering zero maker fees and a 0.5-bps taker fee on USD1 pairs, an approximately 87.5% reduction compared to its standard 4-bps USDT taker fee.

Up to 2.5 million WLFI tokens will be distributed monthly through the USD1 perpetual trading incentive program based on trading activity, with rewards distributed weekly.

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Donald Trump Jr., co-founder of World Liberty Financial, promoted the launch on X, saying, “This is how you scale stablecoin utility beyond just payments.”

“Aster Chain’s success depends on the depth of its underlying liquidity,” said Leonard, CEO of Aster. “By bringing USD1 into our core trading engine during this phase, we’re building the trading foundation for the Aster Chain launch.”

ASTER is trading at around $0.70, down 10% in the past 24 hours to a market cap of approximately $1.7 billion, per CoinGecko. WLFI is down 3.5% over the same period.

ASTER Chart
ASTER Chart

Aster originally launched as ApolloX in 2021 and rebranded following a merger with Astherus in December 2024. The platform is incubated by YZi Labs, previously Binance’s venture arm, and received a high-profile boost when Binance co-founder CZ began promoting it on X, sending its token on a roughly 40x run.

Aster is currently the second-largest perp DEX by open interest after Hyperliquid, according to DeFiLlama, and recently launched the genesis phase of Aster Chain, a privacy-focused Layer 1 that uses ZK proofs to keep trades private by default.

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Crypto World

the trader called Jason who keeps shorting Bitcoin on time

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A pseudonymous whale called Jason has built a 2,281 BTC short on Binance, now in multi‑million profit, extending a pattern of eerily well‑timed macro trades.

A pseudonymous trader known online as Jason (@Jason60704294) is once again drawing scrutiny from on-chain analysts after data published Wednesday by blockchain sleuth @ai_9684xtpa revealed that Jason currently holds a short position of 2,281.09 BTC on Binance, with a nominal value of approximately $169 million and an opening average entry price of $74,238. With Bitcoin (BTC) trading around $72,467 at the time of monitoring — roughly 2.38% below Jason’s entry point — the position carries an unrealized floating profit of approximately $4.155 million.

The trade is not an isolated event. It is the latest chapter in a documented pattern that has made Jason one of the most closely tracked retail-sized whale accounts in crypto markets. According to on-chain analysis aggregated by Blockchain.news, Jason had just days earlier closed a long position with a profit of $14.668 million before pivoting sharply to the short side, opening an initial position of 28.48 BTC at an estimated entry price of around $74,210. Wednesday’s data confirms that position has since been substantially scaled up to over 2,281 BTC — a markedly more aggressive commitment.

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Jason’s history adds considerable weight to the current trade. In August 2025, the trader opened short positions on BTC at $120,948 and on ETH at $4,712, positions that — if held — would have generated substantial returns as both assets declined sharply in subsequent months. Earlier, the trader had reportedly exited positions recording a $58.89 million loss, underscoring that the strategy carries real risk despite its headline-grabbing wins.

The timing of today’s short aligns with a broader market deterioration. Bitcoin has been under sustained pressure since late February, when U.S.-Israel military strikes on Iran triggered a Strait of Hormuz crisis that has since disrupted approximately 15% of global oil supply. Wednesday’s release of U.S. February PPI data — coming in at 0.7% month-on-month against a 0.3% forecast — compounded the risk-off sentiment, further dimming expectations for Federal Reserve rate cuts that had previously underpinned crypto’s bull case.

It is worth noting the platform context. Jason’s current position is held on Binance, not on Hyperliquid, making real-time on-chain tracking of the exact account more difficult, as Odaily reported. The figures cited are derived from analyst monitoring of wallet behaviour and social media timestamps rather than direct smart contract reads. Nonetheless, the data is broadly consistent with Jason’s established trading fingerprint: high-conviction, concentrated directional bets placed at key technical inflection points.

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Whether Wednesday’s short is prescient once again, or whether it becomes a cautionary tale in an eventual Bitcoin rebound, remains to be seen. What is clear is that a growing cohort of on-chain analysts are watching every move — and that in a market defined by opacity, Jason has become something of an unlikely signal in the noise.

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2 Bullish Signals for Ripple’s XRP Despite Ongoing Correction

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Spot XRP ETF Inflows. Source: SoSoValue


The negative ETF streak finally came to an end, which is the first good sign for XRP.

Ripple’s native cross-border token was rejected at over $1.60 yesterday and has dropped by over 10% since that local peak to $1.45 as of press time.

Nevertheless, there are a couple of positive signs for its short-term price movements, including the reactivation of whale wallets.

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2 Bullish Signs

The spot XRP ETFs in the United States had entered their worst streak in terms of consecutive daily net outflows (or lack of any flows) that lasted nearly two straight weeks – from March 5, when investors pulled out just over $6 million, to March 16, when the withdrawals were just shy of that number. In the meantime, there were two days with zero reportable activity.

However, that negative trend was finally broken yesterday as the funds attracted $4.64 million – the highest single-day figure since March 3. As such, the total net inflows have remained above $1.2 billion.

Spot XRP ETF Inflows. Source: SoSoValue
Spot XRP ETF Inflows. Source: SoSoValue

The second positive news for the XRP Army comes from whales. After a prolonged period of lack of any substantial activity, these large market participants have resumed their accumulation spree. Citing data from Santiment, Ali Martinez asserted that they have bought 200 million tokens in the past two weeks. In terms of USD, this stash is worth roughly $300 million at current prices.

XRP Price Rejected

Yesterday’s positive net inflow day for the ETFs, aligned with the accumulation from whales and the overall market-wide resurgence, led to an impressive rally for XRP. The token surpassed BNB in terms of market cap after it jumped to a monthly high of around $1.63.

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Although analysts began praising the move and setting new big targets ahead, XRP was rejected at that point and driven south by over 10%. It currently struggles to remain above $1.45. This correction comes despite the recent expansion news from the company behind the asset, as well as the fact that the top traders on Binance have been “quietly buying XRP long positions,” according to data from popular analyst CW.

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FTX Recovery Trust Announces Fourth Round of Creditor Repayments

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Bankruptcy, Sam Bankman-Fried, FTX

Additional reporting by Turner Wright.

The FTX Recovery Trust, which oversees the distribution of funds to creditors and former customers of the failed crypto exchange, announced on Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026.

Eligible creditors will receive their funds through their chosen distribution provider within one to three business days, according to an announcement from the Trust. 

The fourth distribution includes a 18% payout for Dotcom Customer claims, a 5% distribution for US Customer Entitlement Claims and a 15% distribution for both General Unsecured Claims and Digital Asset Loan Claims.

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Convenience claims will receive a 120% reimbursement under the recovery plan, according to the announcement.

Following the fourth round of distributions, about $10 billion will have been paid out to creditors and former customers of the exchange. The fifth round of payments is scheduled for May 29, 2026, according to the trust. 

The reimbursements could effect crypto prices in the short term if creditors and former customers of the FTX exchange, which collapsed in 2022, invest the recovery funds in digital assets. 

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Related: Court sets deadline for US to address Bankman-Fried’s new trial motion

FTX recovers billions in payouts, but creditors say it isn’t nearly enough

The FTX Recovery Estate began creditor payments in February 2025, with a $1.2 billion payment, followed by a $5 billion distribution the following May. The third round of creditor payments was distributed in September 2025 and totaled $1.6 billion. 

Despite the billions of dollars recovered, creditors and former customers of the FTX exchange say they were short-changed by the recovery plan.

Creditors and former customers were reimbursed according to crypto asset values at the petition date in 2022, when legal action was taken against the exchange by creditors and customers.

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Bankruptcy, Sam Bankman-Fried, FTX
Source: Sunil Kavuri

Crypto asset values were much lower when the petition was filed, with Bitcoin (BTC) then trading at about $16,871, and Ether (ETH) at about $1,258. 

“FTX creditors are not whole,” FTX creditor and creditor advocate Sunil Kavuri said in response to the reimbursement plan.

Convicted founder “SBF” pursues appeal, prison change

The latest effort to make victims whole comes amid appeal efforts by Sam “SBF” Bankman-Fried, the former CEO of FTX, who was sentenced to 25 years in prison following his 2023 conviction related to the misuse of customer funds.

He has posted to his X account using a proxy, often praising US President Donald Trump’s actions in the country’s conflict with Iran and his approach to regulating digital assets. Many experts speculate that the former CEO is lobbying the president for a pardon, but Trump reportedly said in January that he would not consider it.

As of Wednesday, Bankman-Fried was housed at the Federal Correctional Institution Terminal Island in the Los Angeles area. However, a Monday court filing by his mother claimed that he would be relocated “sometime in the next couple of weeks.”

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Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom