DefiLlama Delists Aster Over Wash Trading Concerns

📉 Aster Token Drops Then Recovers

Token Price Movement: Aster's token dropped over 10% within a day after DefiLlama delisted its perpetuals volume data on October 5th. The decline reflected concerns over data integrity. However, the token recovered after Binance announced the listing of Aster with a Seed Tag on October 6th.

Data Integrity Issues: DefiLlama’s co-founder, 0xngmi, announced the delisting, citing a near-exact correlation between Aster’s and Binance’s perpetuals volumes starting late September. “Aster doesn't make it possible to get lower-level data... until we can get that data to verify if there's wash trading, aster perp volumes will be delisted,” 0xngmi stated. Aster lacks transparency on order details, raising wash trading suspicions.

Delisting Complaints Addressed: In a thread on October 5th, 0xngmi responded to complaints about the Aster delisting. He explained that DefiLlama prioritizes accurate data for user decisions, denied any payments for the delisting, noted the action followed a recent volume surge, preferred public announcements to prevent conspiracy theories, considered adding warnings instead of full delisting, and affirmed impartiality by referencing prior delistings of other DEXs like Lighter. Read More.

️ On today's Top Picks:

  1. 🌈 Rainbow launches Perps powered by Hyperliquid $HYPE.
  2. 🦊 MetaMask confirms upcoming Rewards program.
  3. 🤝 $AMD signs chip supply deal with OpenAI.
  4. ⚠️ Signal to leave EU market if CSAM regulation passes.

Read time: ⏰ 5 minutes


Crypto News


Bitcoin $BTC reaches new all-time high of ~$126K; Gold also reached a new all-time high of ~$3970.

Grayscale enables staking for its Ethereum $ETH Trust ETF & Solana $SOL Trust; Grayscale Solana Trust is pending regulatory approval of an uplisting to an ETP.

• ⭐️ DefiLlama delists Aster $ASTER due to data integrity concerns; DefiLlama founder 0xngmi says Aster volumes mirror Binance $BNB perp volumes almost exactly.

Delphi Digital releases new report on EigenCloud $CLOUD; explores the EigenCloud stack, economic model of EIGEN, roadmap, & much more.

Jupiter $JUP launches Jupiter Wallet for Desktop; features gasless trading, integration with Jupiter products, & more.

Digital Asset Investment Products saw ~$5.95B of inflows last week; Bitcoin $BTC ~$3.55B inflows, Ethereum $ETH ~$1.48B inflows, Solana $SOL ~$706M inflows, Ripple $XRP ~$219M inflows.

Alpha


OpenSea to launch Shipment for Coinbase $COIN One subscribers; to take snapshot on October 8th; link Coinbase One subscription to OpenSea rewards account to be eligible.

• ⭐️ Rainbow launches Perps powered by Hyperliquid $HYPE; trade to earn points; to launch $RNBW soon.

Cap to launch Epoch 3 of the Cap Frontier Program on October 13th through January 28th; Epoch 2 ongoing, earn up to 20x Caps.

OpenEden's Pendle YT cUSDO Stability Vault reaches new TVL of 148M YT cUSDO; unlocks the vault's highest tier of 140K $EDEN daily emissions.

Airdrops


Monad teasingly posts "airdrop claim loading ▓▓▓▓▓▓▓▓▓▓░░░ 80%" on X; to launch mainnet, TGE, & airdrop soon.

• ⭐️ MetaMask confirms upcoming MetaMask Rewards program; to distribute over $30M in token rewards; adds "we see you" to MetaMask OGs.

MegaETH teasingly posts its Chain ID details: "4326, 10e6, 1,000,000, MEGA" on X; to launch mainnet, TGE, & airdrop soon.

Aster to launch $ASTER Stage 2 Genesis (S2) airdrop on October 14th; to launch airdrop eligibility & allocation checker on October 10th.

WalletConnect launches 2.5M $WCT airdrop; stakers with at least 100 WCT staked longer than two weeks are eligible for Wave 1; governance participants to be eligible for Wave 2.

Finance News


Gold $XAU reaches new all-time high of ~$3970; Bitcoin also reach a new all-time high of ~$126K.

Citadel Securities to reportedly explore prediction markets.

Galaxy $GLXY launches GalaxyOne, a platform offering crypto, stocks, & up to 8% yields to US users; originally developed as Fierce which Galaxy acquired in December 2024 for $12.5M.

Bitmine $BMNR buys an additional 179,251 Ethereum $ETH (~$842M); now holds 2,830,151 ETH (~$13.3B), at $4,535 per ETH.

Solana Company $HSDT (formerly Helius Medical Technologies) buys additional Solana $SOL; now holds 2.2M SOL (~$513M).

• ⭐️ $AMD signs chip supply deal with OpenAI; to supply 6 gigawatts of compute capacity to OpenAI; also gives OpenAI the option to buy up to 160M shares (10% stake) of AMD.

Security and Exploits


Scam Sniffer posts September 2025 Phishing Report; highlights ~$11.78M in losses from ~15,513 victims.

Abracadabra $SPELL exploited for ~$1.79M $MIM due to solvency check flaw; vulnerability has since been mitigated.

• ⭐️ Signal to leave EU market if proposed CSAM regulation passes; requires service providers to scan users’ data on their devices before encryption.

Token Unlocks


• Ethena $ENA / ~$101M / OCT 05th
• Movement $MOVE / ~$6M / OCT 09th
• BounceBit $BB / ~$8M / OCT 10th
• Home $HOME / ~$8M / OCT 10th
Sourced from Tokenomist


Funding


Bee Maps (Hivemapper) raises $32M in funding from several investors.

The Degen Farmer

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Etherex CL logoEtherex CL (Linea)USDCASUSD53.81%
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. . .

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. . .

That’s it for today’s edition! See you soon.

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