Jack Ma-Linked Yunfeng Buys 10,000 ETH for About ¥6.5 Billion

Yunfeng, a company linked to Jack Ma, purchased 10,000 ETH, with the transaction valued at about ¥6.5 billion, according to the information provided, representing an Ether purchase of that stated amount.

ETH

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Terms & Concepts
  • Ether (ETH): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.
  • Ethereum: A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps).