📰 Hong Kong’s Yunfeng Financial Buys 10,000 ETH Worth $44M 🚀
Big moves are happening in crypto 👀. Recently, Yunfeng Financial, a Hong Kong–listed company, announced that it has purchased 10,000 Ethereum (ETH) — valued at around $44 million USD.
What makes this news even more interesting? 🤔
🔹 Yunfeng Financial is closely tied to Jack Ma, co-founder of Alibaba.
🔹 Through Yunfeng Fund and related entities, Jack Ma holds over 40% ownership in the company.
This strategic move to include Ethereum in Yunfeng’s reserves has sparked fresh attention in the crypto space. Many are now asking:
👉 Could this signal the start of more institutional adoption of ETH across Asia?
👉 How might this affect the broader crypto market, including #BTC #ETH #PiJS #PIFI?
The blockchain world is evolving fast 🌍. With big traditional financial players stepping in, the line between Web2 giants and Web3 infrastructure continues to blur.
⚡ What do you think — is this just the beginning of large-scale ETH adoption by global companies? Drop your thoughts below ⬇️
