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CZ: Today the crypto market is in chaos, supporting decentralized hosted wallets.
On October 9, CZ posted on social media stating, "Today I've been attending offline meetings in Bahrain all day, including a stage discussion. The crypto market is really a sea of blood today! I'm not quite sure what exactly happened, but I think it might be due to the FUD (fear, uncertainty and doubt) regarding Alpha no longer listing certain coins, which was quickly confirmed to be false, but the FUD had already caused an impact. This is the scary part of FUD - as long as enough people are misled, it can cause harm. People often over-praise me during good and bad times in the market. In fact, I haven't done anything; I've been busy with meetings all day. I often see headlines like: 'BlackRock sold BTC', 'CEX sold BTC'. The correct statement should be: 'BlackRock's clients sold BTC', 'CEX's users sold BTC'. Lastly, I support decentralized self-custody wallets to access Meme or any crypto assets. Please manage risks properly and continue to work hard on building!"