F2Pool co-founder Wang Chunchun transferred $17.27 million in ETH and deposited it into the Spark lending protocol

According to on-chain analyst “Ai Yi,” monitored on May 9, F2Pool co-founder Wang Chun withdrew 7,461 ETH from a centralized exchange (CEX), worth approximately $17.27 million, and then deposited it into the decentralized lending protocol Spark. Meanwhile, on May 7, the Stratum v2 working group announced that seven mining organizations, including F2Pool, had officially joined the working group.

Wang Chun’s ETH On-Chain Movements

(Source: Arkham)

Based on on-chain monitoring by “Ai Yi” on May 9, 2026, Wang Chun withdrew 7,461 ETH (about $17.27 million) from Binance and deposited it into Spark.

Previously, according to monitoring by on-chain data platform Lookonchain on March 28, 2026, a wallet associated with Wang Chun had withdrawn 9,000 ETH from Binance and then deposited it into the decentralized lending protocol Aave.

F2Pool Joins the Stratum v2 Working Group

According to a May 7, 2026 statement from the Stratum v2 working group, ANTPOOL, Block Inc, F2Pool, Foundry, Spiderpool, MARA Foundation, and DMND have officially joined the Stratum v2 working group.

The working group was founded in 2022 by Braiins and Spiral, and is committed to developing the Stratum v2 protocol into open, vendor-neutral standards for the Bitcoin mining ecosystem. According to the working group’s statement, the Stratum v2 protocol uses end-to-end encryption, supports miners in building their own block templates, and provides a governance mechanism for large mining pools.

In the statement, ANTPOOL CEO Andy Zhou said: “Reaching agreement on open, interoperable standards can help the industry collaborate more effectively and drive improvements in efficiency, security, and decentralization.”

In the statement, Spiderpool CTO Kenway Wang said: “Decentralization is at the core of our mission. Stratum v2 supports this goal by enabling templates built by miners, while also improving efficiency, especially in bandwidth-constrained environments.”

FAQ

What are the amount and destination of F2Pool co-founder Wang Chun’s ETH transfer?

According to on-chain analyst “Ai Yi” monitoring on May 9, 2026, Wang Chun withdrew 7,461 ETH (about $17.27 million) from Binance and then deposited it into the decentralized lending protocol Spark.

Has Wang Chun previously had any similar on-chain ETH activities?

According to Lookonchain monitoring on March 28, 2026, a wallet associated with Wang Chun had withdrawn 9,000 ETH from Binance and deposited it into the Aave lending protocol.

Which organizations have joined the Stratum v2 working group?

According to the Stratum v2 working group statement on May 7, 2026, seven organizations—ANTPOOL, Block Inc, F2Pool, Foundry, Spiderpool, MARA Foundation, and DMND—have officially joined.