HODLer: Not Disappointed About Failing to Be Elected Fed Chair

January 31 – Per Bitget market data, spot silver has plummeted 20% intraday, last trading at $92.19 per ounce.

On January 31, Binance founder Changpeng Zhao (CZ) addressed recent market FUD during an AMA session: “The perspective of the ‘98% majority of users’ is crucial here. Let’s break it down: Binance currently has 300 million users. Even if just 1 out of every 100,000 users has a complaint or runs into issues, that’s 3,000 people total. Those 3,000 can create a lot of noise on social media. But the vast majority of users are rational, and we still take their concerns seriously. I think Binance has done a strong job in this area—even going above and beyond what’s required. Right now, most social media complaints center around the October 10 events. Frankly, that day’s market volatility couldn’t have stemmed from a single cause—but I still addressed it. As for claims that ‘October 10 was CZ manipulating the market,’ that’s flat-out impossible. When I see those kinds of complaints, I know they’re more about emotional venting. We listen closely when people share specific product impro

**Jan 31 Update: Binance Founder CZ Addresses Market FUD in AMA** Binance founder Changpeng Zhao (CZ) responded to recent market fear, uncertainty, and doubt (FUD) in an AMA on Jan 31, noting: “‘Water armies’ (or coordinated disinformation groups) have become a well-established industry, often backed by competitors—many sectors use this tactic to pay people to spread false info, shape narratives, or push FUD. It’s easy to spot these accounts: they’re usually people you’ve never engaged with, have few followers, are newly registered, or are otherwise unknown to you. Some people who lost money (e.g., during the Oct 10 incident or in recent months) want someone to blame. They make up a small percentage, but their voices are disproportionately loud. If you don’t take responsibility for your own trades—only blaming others—you’ll struggle to succeed in trading. You pressed the buy button; you pressed the sell button. The button exists, but that doesn’t mean you have to hit it; ot

On January 31, Federal Reserve Governor Milan noted that the gold market is small.

On January 31, Binance founder Changpeng Zhao (CZ) addressed recent market FUD during an AMA, sharing these key points: - Alpha status itself doesn’t hold much significance, and Binance’s spot listing criteria will stay far stricter. However, without its Alpha channel giving users access to early-stage projects, Binance risks losing users who’d otherwise turn to other platforms to engage more deeply with the DeFi ecosystem—so the Alpha initiative solves this gap. - Some have criticized Binance for listing too many projects, claiming high-quality “gold-like” tokens end up with insufficient liquidity—but that’s a misunderstanding. Just because a token launches on a blockchain or DeFi network doesn’t mean you have to buy it, and just because Binance offers a way to buy it doesn’t mean everyone must. Strong projects draw more buyers naturally; weak ones don’t. Many assume Binance is responsible for a token’s performance just because the platform supports or lists it—but that’s a flaw

January 31st: Per Bitget market data, spot silver fell again, breaking below $94 per ounce with an 18.62% intraday drop.