Search results for F2pool
Crypto
F2Pool co-founder moves large ETH and WBTC back to Binance
Chun Wang (춘왕), co-founder of F2Pool, is sending large amounts of cryptocurrency back to Binance in July after moving assets off exchanges in May and June. On-chain data showed additional inflows to a Binance hot wallet. He previously transferred about 91,945 ETH and 973 WBTC to non-custodial wallets and DeFi protocols. Recent deposits include 16,800 ETH and 60 WBTC on July 2, 9,800 ETH on July 3, and 3,345 ETH worth about $6.5 million on July 27.
Crypto
Bitcoin mining profits plunge, putting $60,000 support under test
Bitcoin mining profitability has fallen to a record low, fueling market unease over whether bitcoin can hold the $60,000 support level. As the price slipped toward $62,000, on-chain activity cooled and miner revenue sank. Miners and pools still hold more than $110 billion worth of bitcoin, raising concerns about potential selling. Industry concentration has increased, while some miners shift power infrastructure toward AI computing.
Crypto
Pattaya condo bought for 2,900 bitcoin sells for 7 bitcoin, highlighting opportunity cost
Chun Wang, founder of bitcoin mining firm F2Pool, said he sold a condo in Pattaya, Thailand, in 2026 for 7 bitcoin after buying it in 2015 for 2,900 bitcoin. He said bitcoin was about $224 then, valuing the purchase at about $650,000. At an assumed $67,500 per bitcoin, 7 bitcoin equals about $470,000. The difference is 2,893 bitcoin.
