Aster (ASTER) popped over 10% on radical ‘buyback and burn’ upgrade. But gains were short-lived

Share This Post

The upgrade marks a shift away from the protocol’s previous linear vesting model, in which tokens were auto-released to market regardless of demand, and it concluded earlier this year, in January 2026.

“Aster’s tokenomics upgrade puts the platform’s own activity to work,” the protocol noted, highlighting that the new rewards are settled on-chain with “no discretionary reserve.”

The token’s bullish price action, however, was short-lived as the Federal Reserve’s hawkish turn sent the dollar higher and weighed on risk assets, including cryptocurrencies.

As of writing, ASTER traded near 68 cents, down 5% on the day.

Related Posts

New Jersey drops Coinbase staking case before midterms

New Jersey’s securities regulator has rescinded its 2023 cease-and-desist...

Bank of Korea Probes Banks’ Exposure to Crypto Hacks

The Bank of Korea has reportedly asked banks and...

Hong Kong Enables 24/7 Tokenized Settlements, Plans Stablecoin Trials

Hong Kong has expanded its Project Ensemble pilot to...

Coinbase Files for Brazil Crypto License Ahead of Deadline

Cointelegraph is committed to providing independent, high-quality journalism across...

HTX Settles FCA Case Over Unlawful UK Crypto Promotions

Update (Oct. 29, 2026 at 13:30 UTC): This article...

Brazil Crypto Rules Leave Questions as Deadline Nears

Cryptocurrency exchanges operating in Brazil face mounting compliance costs...