Jack Ma-linked Yunfeng Financial acquires $44M of ETH amid Web3 push

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Amin Haqshanas

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Mentions

People	Jack Ma, Jeffrey Berns, Tom Lee
Organizations	Yunfeng Financial Group, Alibaba, Ether Machine

Code	Name
HK	🇭🇰Hong Kong
CN	🇨🇳China

Target	Sentiment	Comment
EthereumETH	Bullish	Yunfeng Financial's $44 million ETH purchase signals strong institutional confidence in Ethereum's role in Web3 and RWA tokenization.
Yunfeng Financial Group	Bullish	The company's strategic ETH acquisition aligns with its ambitious expansion into Web3 and decentralized finance, indicating proactive growth.