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On Sept. 4, COINOTAG reported that Alibaba affiliate Yunfeng Financial acquired 10,000 ETH at an average price of $4,400; concurrently, Yunfeng Financial’s Hong Kong-listed shares (stock code 00376) rose more than 6%, drawing renewed market attention.
Market participants noted that the transaction and equity move coincided with a measured rebound in the cryptocurrency market, and that Yunfeng’s sizeable spot allocation—alongside its reported initiatives in digital-asset derivatives and blockchain payment applications—aligns with a strategic, long-term digital finance positioning.
Payments and trading platform BiyaPay states it will continue offering one-stop services—global remittance, cryptocurrency trading and US-HK stock investments—to support investors seeking operational efficiency and risk-managed access to both ETH and Hong Kong equities.
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| COINOTAG recommends • Members‑only research |
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