[Li Lin Merges Avenir Group's Trading Team into Hong Kong-Listed Wealth Management Firm Bitfire] According to Bloomberg, Livio Weng, CEO of the Hong Kong-listed wealth management firm Avenir Group, stated in an interview that Bitfire is acquiring the trading team and its trading system from Li Lin's family office, Avenir Group. Li Lin holds a 30% stake in this wealth management company, and the move aims to help the firm attract more private banking clients. With the addition of the new team, Bitfire has secured approximately $500 million in initial investment commitments. Bitfire launched its private banking business last August and has since added around 300 new clients, primarily including family offices, publicly listed companies, and high-net-worth individuals. The company plans to expand its trading strategies for Ethereum and stablecoins later this year.