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CZ responds to multiple FUD (Facts, Uncertainties, and Doubts): The Polymarket incident was faked; Binance did not sell Bitcoin.

2026-02-03 00:18:57
Shareshare
Odaily Planet Daily reports that CZ recently responded to several market rumors circulating recently, stating that many of them are "FUD (Fear, Uncertainty, and Doubt) with overly vivid imaginations." Regarding the claim of a "$7 million betting event on Polymarket," CZ stated that this event did not occur on Polymarket or any prediction market, and the related trading volume is also false information. Regarding the rumor that "CZ canceled the supercycle," CZ clarified that he only stated that his "confidence has decreased compared to before," and he did not make any decisive judgments about market cycles. Regarding the claim that "Binance sold $1 billion worth of Bitcoin," CZ pointed out that the actual situation was that Binance users were selling Bitcoin, not Binance itself; changes in Binance wallet balances only occurred when users withdrew funds. Furthermore, regarding the question of why there was no obvious on-chain activity after the SAFU fund was converted to BTC, CZ stated that Binance had previously stated that it would gradually complete the relevant operations within 30 days, and that the scale of this transaction has a limited impact relative to Bitcoin's market capitalization of approximately $1.7 trillion; it is more of a confidence-building measure. CZ concluded by stating that he will continue to focus on building and advancing related work.
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