BiyaPay Analyst: Jack Ma's affiliated company Yunfeng Financial purchased Ether, and the stock price rose 6% today.

According to BlockBeats, on September 4, Alibaba's affiliated company Yunfeng Financial purchased 10,000 ETH at an average price of $4,400. Today, Yunfeng Financial's Hong Kong stock rose over 6%, attracting widespread attention in the market. Industry insiders indicate that as the crypto market warms up and institutional investors continue to lay out their strategies, Yunfeng Financial's large holdings have a significant impact on market sentiment and price movement. It is worth noting that Yunfeng Financial is not only focused on the spot market but is also actively laying out digital asset derivations and blockchain payment applications, positioning itself for a long-term strategy in the digital finance sector. Investors can gain insights into institutional operations and risk management strategies in the crypto market, providing reference for their own investment decisions. BiyaPay multi-asset trading Wallet will continue to provide you with one-stop services for global remittances, digital currency trading, and investments in U.S. and Hong Kong stocks, helping you seize opportunities amid market fluctuations and achieve asset appreciation. Whether trading Yunfeng Financial's Hong Kong stocks or trading ETH, BiyaPay can offer you a secure, efficient, and convenient trading experience.