Open letter from investment institutions: Maintain confidence amid volatility in the crypto market and focus on product development

Against the backdrop of the current turbulent Crypto Assets market, a capital investment institution has issued an open letter to its portfolio, investors, and industry peers. The letter expresses confidence in the future of the industry while also offering some suggestions.

Recently, due to the chain reaction triggered by the sharp devaluation of a certain stablecoin, the Crypto Assets market has experienced intense fluctuations. This incident may mark the end of the "too big to fail" era, reminding us that there is no absolute safety in this field.

In the face of the global Crypto Assets market crash, it is understandable that people have doubts and panic about the industry's prospects. However, the organization still encourages everyone to maintain an objective attitude and reassess the current situation.

Firstly, market sentiment may be overstated. If the secondary market does not decline further, the impact of this event may not exceed the significant drop in March 2020. To some extent, this adjustment helps to alleviate the previously overheated market sentiment and speculative behavior. Many projects have accumulated sufficient resources through multiple rounds of financing, and strong enterprises are expected to weather the storm.

Secondly, in the long run, similar market crashes have occurred multiple times in the Crypto Assets industry. This situation is particularly common during bear markets, when hidden issues often come to light. The only difference lies in the degree of impact. A certain public chain token entered the top ten due to rapid growth, which masked various problems in its mechanism, leading to particularly severe negative consequences from this incident.

In response to the current situation, the organization has made the following recommendations for industry practitioners:

1. Focus on product development and do not let market noise distract you.

2. Projects affected by this incident should reposition themselves and seek new directions for development.

3. Adjust your mindset during fundraising, don't overly pursue high valuations, but focus on the resources and value that investors can bring to the project.

The investment institution stated that they have been committed to supporting the entire ecosystem, including the community, developers, and teams, who are the builders of the future of Crypto Assets and blockchain.

The organization promises that if the project party is still confident in their project or has any ideas to contribute to the industry, they will provide various forms of assistance, including but not limited to advice, investment, or even funding.

Finally, the institution emphasized, "No matter how long the road is, there will be an end; no matter how dark the night is, it will welcome the dawn." They will always be loyal friends and long-term supporters of the project. As long as you have confidence in yourself, time will ultimately prove everything.