5 Must-Reads for the Evening | Cryptocurrency is Meeting Wall Street's Needs

1. Yunfeng Securities Receives Approval for Virtual Asset Trading Services, Jack Ma Embarks on a Comprehensive Web3 Initiative. On September 9th, Yunfeng Securities Co., Ltd. received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing securities trading license (Type 1) to provide virtual asset trading services. This financial platform, closely tied to the "Jack Ma" faction, has not only entered the compliant digital asset trading channel, but its parent company, Yunfeng Financial (00376.HK), also previously disclosed its purchase of approximately 10,000 Ethereum, for a total investment of US$44 million. 2. Bitwise: Solana Set for Explosive Market Performance Over the past 18 months, the cryptocurrency formula for achieving high returns has been clear: combining a portion of ETP inflows with strong corporate treasury purchases yields substantial returns. Bitcoin followed this formula, rising from $40,000 in January 2024 to around $112,000 today. Ethereum employed the same strategy in April 2025, and its price has since tripled to $4,500. 3. Exposing the Mysterious Crypto Treasury Investment Firm MOZAYYX In the past two months, Digital Asset Treasury (DAT) companies have become a dominant narrative in the crypto market and on Wall Street. Traditional VC giants like Fundstrat's Tom Lee, Ark Invest's Cathie Wood, and Founders Fund's Peter Thiel have all been implicated, not to mention crypto VCs like Pantera, GSR, Galaxy, and Primitive. On September 8th, the newly established WLD treasury company Eightco saw its stock price surge 50-fold in a single day, another stunning example of a DAT. Click to read. 4. Is the Crypto Hoarding Model Nearing Its End? Share prices of listed companies holding digital assets continue to fall, and market confidence continues to decline. According to data tracked by Architect Partners, the average share price of 15 companies holding digital assets fell by 15% last week. 5. Cryptocurrencies Are Meeting Wall Street's Needs In financial markets, it's important to avoid complacency. I think Bitcoin is a prime example right now. The digital asset is down 3% over the past month and up just 20% since the beginning of the year. That's far from the kind of eye-popping returns that inspired an entire generation's pursuit of asymmetric returns, as it did in the past. Click to read