Recently, a noteworthy piece of news has sparked heated discussions in the crypto world. It is rumored that Jack Ma might team up with American capital to invest as much as $1.17 billion into the encryption sector. This news surfaced just 14 days after Jack Ma previously claimed to "purchase 10,000 ETH," drawing widespread attention from the market.

Reports indicate that the relevant policy obstacles have been cleared, and the project advancement speed has significantly increased. In the current hot crypto market, investors are actively seeking the next crypto asset with huge appreciation potential.
Yunfeng Financial, backed by Jack Ma, is considered an important layout in the crypto assets field. Currently, Yunfeng Financial is leading in the compliance funding scale in Hong Kong. The company's financing plan clearly states that it will comprehensively carry out virtual asset trading and investment management services.
In this $1.17 billion financing round, it is reported that American company Transamerica participated. Industry insiders interpret this as Hong Kong's Web3 development entering a period of rapid growth, with capital scale jumping from tens of millions to billions.