Yunfeng Financial invests $44 million in ETH, strengthening Ethereum’s status as a strategic reserve asset.
DeFi Development Corp doubles its holdings to 2.02 million SOL, worth $412 million, reinforcing confidence in Solana.
Rex Shares and Osprey Funds file for the first-ever DOGE ETF, with approval possibly coming next week.
The cryptocurrency market continues to experience strong institutional and corporate participation, despite persistent price volatility across primary tokens. From Ethereum’s growing corporate adoption to Solana’s aggressive treasury accumulation and Dogecoin’s surprising ETF momentum, the latest developments signal that digital assets are moving deeper into mainstream finance.
Ethereum (ETH) is steadily gaining credibility as a preferred institutional asset. The latest signal came from Yunfeng Financial Group, a Hong Kong-listed firm associated with Alibaba founder Jack Ma. Yunfeng disclosed that it had purchased 10,000 ETH, worth approximately $44 million, funded entirely from its internal reserves.
The company intends to classify ETH as an investment asset on its balance sheet, citing its role in Web3 infrastructure, tokenization of real-world assets (RWAs), and applications of artificial intelligence.
Yunfeng is now aligning itself with a growing number of firms that view Ethereum not just as a cryptocurrency, but as a strategic reserve similar to gold or foreign currency holdings. Yunfeng’s move adds to the momentum of other corporations, such as BitMine Immersion Technologies and SharpLink Gaming, which collectively hold millions of ETH, valued at nearly $19 billion.
Institutional inflows are also evident in the ETF market, where BlackRock’s Ethereum ETF alone recorded inflows of nearly $968 million in recent sessions. Despite Ethereum experiencing an 11% correction in September, the long-term outlook remains bullish, driven by over $1.2 billion in weekly strategic purchases from institutional investors.
Daily Crypto News highlights market moves, regulations, and new token launches. Analysts note that such steady inflows reduce ETH’s reliance on speculative retail activity and reinforce its role as an institutional-grade digital asset.
DeFi Development Corp (DFDV) continues to make waves as the first publicly listed company building its treasury entirely around Solana (SOL). The firm revealed that it had purchased an additional 196,141 SOL for $39.76 million, lifting its total holdings to just over 2.02 million SOL, valued at approximately $412 million.
The acquisitions are being financed through a $5 billion equity line of credit, of which only 0.4% has been drawn. Notably, the company has staked its entire SOL allocation to generate yield, further entrenching its bet on Solana’s long-term utility and scalability.
This purchase follows a $77 million buy the previous week, bringing the company’s total holdings to double what it owned just a month ago. Despite aggressive buying, DFDV shares remain volatile, having fallen 57% from their May peak, although they are still up an eye-catching 1,710% year-to-date.
TRON founder Justin Sun remains a key figure in global blockchain developments. The company’s strategy reflects a broader trend of diversification beyond Bitcoin and Ethereum, with Solana increasingly viewed as a high-growth blockchain for decentralized applications and financial innovation.
Institutional positioning was further underscored by BlackRock’s dominance in the spot Ethereum ETF market. On September 4, the asset management giant reported $148.8 million in net inflows, outpacing its competitors, who mostly recorded heavy redemptions.
The launch of a Dogecoin ETF could boost mainstream adoption of meme coins. Fidelity saw outflows of $216.7 million, while Bitwise shed $45.7 million. Grayscale’s Ethereum Trust products also experienced net withdrawals.
Overall, the ETF market logged $167.3 million in outflows, but BlackRock’s strong inflows stood out as a clear vote of confidence in Ethereum.
Such inflows have contributed to Ethereum’s price resilience, with ETH recently testing the $5,000 mark. BlackRock’s dominance in both Bitcoin and Ethereum ETFs has fueled speculation that the firm may potentially expand into other tokens, such as Solana and Cardano.
Also Read: Ethereum (ETH) Price: Why September’s Selloff Could Trigger a Strong October Rally?
Tron founder Justin Sun found himself in the spotlight after his WLFI tokens were blacklisted by World Liberty Financial, a DeFi project linked to the Trump family. Sun claimed that his holdings, worth around $9 million, were “unreasonably frozen” and insisted on social media that he was ‘innocent.’
The freeze followed large WLFI transfers tied to Sun, sparking market anxiety and driving the token down by 24% in a single day before a slight rebound. Sun argued that his transfers were for testing purposes and did not involve selling; however, the controversy has heightened scrutiny around his involvement in multiple cryptocurrency projects.
The most unexpected development came with the prospect of a Dogecoin ETF. Rex Shares and Osprey Funds filed for approval of the first-ever DOGE ETF, which Bloomberg analysts believe could receive clearance as soon as next week.
The ETF, to trade under ticker $DOJE, would allocate at least 80% of its portfolio to Dogecoin or related financial instruments. The filing follows the same regulatory pathway used for Rex’s Solana staking ETF, potentially fast-tracking approval compared to traditional routes.
Reports surfaced that Elon Musk’s lawyer, Alex Spiro, is tied to a $200 million Dogecoin treasury initiative, which would directly invest in DOGE and further institutionalize the meme-inspired token.
1. Why did Yunfeng Financial buy $44M worth of Ethereum?
To diversify its assets, support Web3 initiatives, and treat ETH as an institutional-grade reserve.
2. How much Solana does DeFi Development Corp hold now?
It holds over 2.02 million SOL, valued at roughly $412 million.
3. What makes BlackRock important in Ethereum ETFs?
BlackRock recorded $148.8 million in inflows, outpacing rivals and showing strong institutional demand.
4. Why are Justin Sun’s WLFI tokens frozen?
World Liberty Financial blacklisted his wallet after large transfers, sparking controversy over market pressure.
5. When could the Dogecoin ETF be approved?
Bloomberg analysts suggest approval could come as early as next week, making it the first DOGE ETF.