PANews February 24th News, F2Pool co-founder Wang Chun posted on X platform in response to recent cryptocurrency market cycle fluctuations, stating that Ethereum once dropped to $1,386 in April 2025, but rebounded to $4,956 just four months later. He emphasized that the market is cyclical and investors should not be swayed by short-term panic. Additionally, Wang Chun pointed out that the proof-of-work (PoW) mechanism is Bitcoin’s “constitution,” and the mining mechanism and miners’ core role in Bitcoin network governance should be respected. Without miner support, SegWit activation would be difficult, and the Lightning Network would also be hard to realize. Miners are an essential force in maintaining Bitcoin network security and stability, having played key roles in multiple controversial events, including the hash power battles surrounding Bitmain, Roger Ver’s fork stance, the Satoshi Nakamoto identity controversy sparked by Craig Wright, and the BIP-110 proposal, which some community members viewed as a farce.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
V God is selling, Tom Lee is buying! BitMine is accumulating over 50,000 ETH: The three main fundamentals will support the market going forward
Ethereum founder V神 sold 8,651 ETH in February, but Tom Lee-led BitMine bought over 50,000 ETH on dips. Lee is optimistic about Ethereum's fundamentals, believing it has potential in asset tokenization, AI trading, and creator economy. Despite the market weakness and five consecutive weeks of net outflows in crypto ETPs, BitMine still plans to increase its holdings.
CryptoCity33m ago
TRM Labs Launches Unified Monitoring of Cryptocurrency and Fiat Currency: Major Integration in Banking Compliance Systems
Blockchain intelligence platform TRM Labs and banking infrastructure company Finray Technologies announced a partnership in February 2026, integrating Finray's compliance decision engine XZiel with TRM Labs' blockchain intelligence tools to create a unified system that can monitor both cryptocurrency and fiat transactions simultaneously, providing institutions with real-time risk alerts and compliance management across asset classes.
MarketWhisper51m ago
Injecting blood into the Ethereum ecosystem! "V God" has sold a total of 8,000 ETH this month.
Ethereum co-founder Vitalik Buterin recently sold over 2,400 ETH, totaling approximately $4.8 million, putting market pressure on the asset, with the price of ETH hitting a new low. Since August last year, ETH has been on a continuous decline. Buterin plans to sell a total of 16,384 ETH to fund ecosystem development, and still holds over 224,000 ETH.
区块客51m ago
Big Brother Ma Ji liquidated at $27 million, and the new Spring Festival movie investment for "Kung Fu" also resulted in losses
Blockchain monitoring organization Onchain Lens data shows that well-known investor Machi Big Brother (Huang Licheng, Machi Big Brother) was fully liquidated from Bitcoin and Ethereum long positions during the market turbulence on February 23 when Bitcoin fell below the $65,000 mark, resulting in a total loss exceeding $27 million. The New Year film he invested in, "Kung Fu," also ended up losing money.
MarketWhisper1h ago
Vitalik Buterin Sells 1,869 ETH for $3.67 Million Amid Ongoing Price Decline, Citing Ecosystem Funding Plan
Ethereum co-founder Vitalik Buterin has sold 1,869 ether (ETH) valued at approximately \$3.67 million over a 48-hour period ending February 24, 2026, as part of a previously announced strategy to fund ecosystem development and open-source initiatives during a period of "mild austerity" at the Ethereum Foundation.
On-chain data tracked by blockchain analytics firm Lookonchain shows Buterin withdrew 3,500 ETH from the lending protocol Aave before executing the sales via decentralized exchan
CryptopulseElite1h ago
