BiyaPay Analyst: Jack Ma's affiliated company Yunfeng Financial acquires Ethereum, stock price surges 6% today

BlockBeats News, September 4th: Previously, Alibaba's affiliate Yunfeng Financial purchased 10,000 ETH at an average price of $4,400. Today, Yunfeng Financial's Hong Kong stock 【Stock Code: 00376】 surged more than 6%, attracting widespread market attention. Industry insiders stated that with the cryptocurrency market rebounding and institutional investors continuing to enter, Yunfeng Financial's large ETH position has a significant impact on market sentiment and price trends.

It is worth noting that Yunfeng Financial not only focuses on the spot market but also actively lays out digital asset derivatives and blockchain payment applications, shaping a long-term strategy in the digital finance field. Investors can gain insights into institutional operations in the crypto market and risk management strategies, providing references for their investment decisions.

BiyaPay, a multi-asset trading wallet, will continue to provide you with one-stop services such as global remittance, cryptocurrency trading, and US-HK stock investments, helping you seize opportunities in market volatility and achieve asset appreciation. Whether trading the Hong Kong stock Yunfeng Financial or ETH, BiyaPay can offer you a secure, efficient, and convenient trading experience.