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Wang Chun withdraws $21M in ETH and WBTC from Binance to DeFi protocol Spark

Market News
19 Jun 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Wang Chun, co-founder of major Bitcoin mining pool F2Pool, moved about $20.67 million in Ethereum (ETH) and Wrapped Bitcoin (WBTC) from Binance to the Ethereum-based DeFi protocol Spark. This transfer is part of a larger pattern where Chun has moved over $50 million off centralized exchanges into DeFi platforms focused on lending and yield generation. Spark, with a multi-billion dollar total value locked, allows Chun to maintain Bitcoin exposure via WBTC while earning yield through lending activities. These moves highlight a trend of large crypto holders shifting assets into decentralized finance for potentially higher returns.

More News

Ultragenyx grants 44,409 restricted stock units to 15 new non-executive officers as an inducement.

Ultragenyx grants 44,409 restricted stock units to 15 new non-executive officers as an inducement.

Ultragenyx Pharmaceutical Inc. awarded 44,409 restricted stock units to 15 newly hired non-executive officers under its Employment Inducement Plan. The grants, approved by the compensation committee, vest over four years with 25% vesting annually, co...

Company Fundamentals
Neutral
3 hours ago
Nyxoah schedules extraordinary shareholders meeting on July 9, 2026, to renew authorized capital and voting procedures.

Nyxoah schedules extraordinary shareholders meeting on July 9, 2026, to renew authorized capital and voting procedures.

Nyxoah has announced an extraordinary general meeting of shareholders set for July 9, 2026, at its headquarters in Belgium. The meeting will discuss renewing the authorization for the board to increase the company's capital over the next five years, ...

Company Fundamentals
Neutral
3 hours ago
Eupraxia Pharmaceuticals elects all seven board nominees and reappoints KPMG as auditor at AGM.

Eupraxia Pharmaceuticals elects all seven board nominees and reappoints KPMG as auditor at AGM.

Eupraxia Pharmaceuticals held its Annual General Meeting on June 18, 2026, where shareholders elected all seven board nominees proposed by management with strong majority votes. Additionally, KPMG LLP was reappointed as the company's auditor for the ...

Company Fundamentals
Neutral
3 hours ago
Cate & Chloe offers 77% off Bianca earrings during Amazon Prime Day 2026 sale

Cate & Chloe offers 77% off Bianca earrings during Amazon Prime Day 2026 sale

Cate & Chloe is discounting its Bianca 18k Gold-Plated Crystal Hoop Earrings to $19.98 from $86 during Amazon Prime Day 2026, running June 23-26. This 77% markdown aligns with growing consumer demand for affordable luxury jewelry, with earrings price...

Others
Neutral
3 hours ago
Conifex Timber elects all management directors and approves auditor at AGM

Conifex Timber elects all management directors and approves auditor at AGM

Conifex Timber Inc. held its annual general meeting on June 19, 2026, where all management nominees were successfully elected as directors with over 95% of votes in favor. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as th...

Company Fundamentals
Neutral
4 hours ago
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