Why is Aster up today?

No Aster-specific news is driving today's move: the token's 2.5% 24-hour gain comes without any protocol, listing or token announcement in the feed, leaving it trading on broad market flows. Bitcoin is flat over 24 hours at $84,441 but up 10.3% on the week, and Aster has lagged that rebound badly, down 4.4% over seven days on $116.55 million of volume against a $1.92 billion market cap.

The macro backdrop is mixed. The US 30-year Treasury yield hit 5.44%, its highest since 2004, a level that typically pressures long-duration risk assets including mid-cap altcoins. On the policy side, the Federal Reserve opened two proposals for comment under the GENIUS Act, requiring supervised stablecoin issuers to fully back tokens with safe assets and creating an application path for banks.

Exchange risk is also back in focus after a newly created wallet drained roughly $350 million from Bitget's hot and cold reserves across multiple chains in under an hour — a reminder of custody risk for centralized venues, and relevant context for perpetuals trading platforms like Aster.