Odaily Planet Daily reports that Wang Chun, co-founder of F2Pool, responded to recent fluctuations in the crypto market cycle on the X platform. He stated 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.
Previously, Wang Chun also pointed out that the proof-of-work (PoW) mechanism is Bitcoin’s “constitution.” Respect for the mining process and the core role of miners in Bitcoin network governance is essential. Without miner support, SegWit activation would be difficult, and the Lightning Network would be hard to implement. Miners are a vital force in maintaining Bitcoin’s security and stability, having played key roles in multiple controversies, including the hash power battles around Bitmain, the fork stance related to Roger Ver, the Satoshi Nakamoto identity dispute 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
Ethereum Foundation Member Trent Van Epps Announces Departure
Trent Van Epps has left the Ethereum Foundation after five years, expressing gratitude for his team's collaboration on upgrades and funding. He will still contribute to Protocol Guild and Ethereum's political economy.
GateNews1h ago
Matrixport-Linked Entity Closes 25,000 ETH 20x Long Position After 65 Days, Realizes $17.32M Profit
A Matrixport-linked entity has closed its final 25,000 ETH long position, gaining $17.32 million after 65 days. Previously, it also realized $48.19 million from 1,150 BTC and 95,000 ETH positions, with an unrealized profit of $8.1 million remaining.
GateNews3h ago
Ethereum Futures Open Interest Hits $25.4B as Institutions Build Positions, But Perpetual Funding Rates Signal Caution
Ethereum remains above $2,300, with rising futures open interest and substantial ETF inflows. However, low perpetual contract funding rates and declining DApp revenue indicate waning confidence and potential price pressure amid stiff competition.
GateNews3h ago
Whale Stakes 50,000 ETH on Everstake Worth Over $116.97M
Gate News message, April 15 — According to Onchain Lens, a major whale has staked 50,000 ETH on Everstake, worth approximately $116.97 million.
GateNews12h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 15
Gate News message, according to the April 15 update, Bitcoin ETFs recorded a single-day net inflow of 4,566 BTC (approximately $337.41 million) and a 7-day net inflow of 6,753 BTC (approximately $499.04 million). Ethereum ETFs saw a single-day net inflow of 23,405 ETH (approximately $54.37 million)
GateNews14h ago
