Hyperithm invests in Japanese yen stablecoin issuer JPYC Inc.

Jump Trades to Top of NFT MarketplaceJump.trade, which is considered to be the largest NFT marketplace in Asia, has now emerged as the leading NFT marketplace on the Polygon Network, as per a recent report published by DappRadar. This new ranking has placed Jump.trade ahead of other popular NFT marketplaces like OpenSea, Decentraland, and OKX NFT marketplace, among others.©Unsplash/Andrey MetelevJump №1 on PolygonThe firm acknowledged the achievement on social media last week, thanking its community for making the accomplishment a reality. Kameshwaran Elangovan, Co-Founder and COO of Jump.trade, expressed his delight with the recent ranking and called it “an astounding statement of our team’s hard work and the enthusiasm of our community who keep our marketplace always buzzing.”While clearly an “unlocked achievement” as the company itself put it, it’s important to note that NFT marketplace development on the Polygon network has been much more recent. The bulk of NFT marketplace trading volume still occurs on blockchains such as Ethereum with NFT marketplaces OpenSea and upstart Blur dominating and accounting for 90% of NFT trade.First P2E cricket gameIt is worth noting that Jump.trade had introduced the world’s first P2E cricket game NFT collection last year, which consisted of 55,000 NFTs from the Meta Cricket League. Interestingly, this collection had sold out within a mere nine minutes, underlining the immense popularity and demand for NFTs. Jump.trade has also formed partnerships with various renowned brands such as Pepsi and Cadbury to make NFTs more accessible and develop a metaverse ecosystem where both brands and individuals can collaborate.Global ambitionsThe company has set its sights on becoming a major global player in the gaming NFTs market and is expected to benefit from the projected growth in the NFT market. This market is estimated to be worth $231 billion by 2030, with the gaming and sports industries anticipated to be the key drivers of NFT-related products.Jump.trade is a collaboration between Indian firm Appstars Applications and Singapore’s Guardian Blockchain Labs. As an emerging tech superpower, India has a robust technical infrastructure that can enable the NFT industry to penetrate even the remote areas of the country. However, a well-structured regulatory framework will be critical for faster adoption of NFTs and digital collectibles, and ownership will play a crucial role in taking India closer to achieving its goal of an $800 billion digital economy by 2030.Flipkart Labs partnershipJump.trade is also the platform for the upcoming RADDX Racing Metaverse NFTs, and it provides opportunities for brands to leverage Web3/gaming for branding. On Wednesday, Jump.trade announced its partnership with Flipkart Labs, the blockchain and NFT offshoot of Indian e-tailer Flipkart. Both companies are collaborating on the RADDX Web3 advertising innovation.Jump.trade CEO and Co-Founder Ramkumar Subramaniam said that “brands like Flipkart getting into metaverse advertising and Web3 marketing will serve as an encouragement and a beacon for a lot of brands to follow suit.” As part of the deal, Flipkart Labs bought Digital Lands, a digital land parcel within the RADDX Racing Metaverse.

Jingdong Coinlink Technology Hong Kong Limited, a branch of JD Technology Group, has declared its intention to launch a stablecoin tied 1:1 to the Hong Kong dollar (HKD). Despite its status as a sandbox participant under the Hong Kong Monetary Authority (HKMA), Jingdong Coinlink has clarified that this does not imply endorsement or licensure for stablecoin issuance. The company aims to offer this blockchain-based stablecoin as a solution for businesses seeking efficient, cost-effective and secure payment methods.Photo by Ben Cheung on PexelsThe proposed stablecoin promises redemption on a 1:1 basis, supported by reserves of “highly liquid, highly-trusted assets” held in licensed financial institutions. Furthermore, Jingdong Coinlink commits to ongoing cooperation with global regulatory bodies to ensure compliance with existing and future legal frameworks. Cryptocurrency developments in Hong KongThis announcement comes amidst a series of significant cryptocurrency-related activities in Hong Kong. On July 23, CSOP Asset Management launched Asia’s first Bitcoin futures inverse product, following their successful Bitcoin Futures ETF in December 2022. Additionally, the cryptocurrency exchange HKX recently retracted its application for a license from the HK Securities and Futures Commission (SFC), advising users to withdraw their crypto assets. This withdrawal adds to the growing list of 12 other platforms that have either pulled back their license applications or had them returned by regulatory authorities. 

The market capitalization of South Korea's cryptocurrency market stood at 87.2 trillion won ($57.4 billion) at the end of last year, marking an 8% decline from 95.1 trillion won ($62.6 billion) at the end of June 2025.  A survey released on March 25 by the Financial Intelligence Unit (FIU) and the Financial Supervisory Service (FSS), covering 27 virtual asset service providers, found that the number of listed crypto assets in Korea rose to 712 at year-end—up 9% (59 assets) from 653 in June.Photo by Daniel Bernard on UnsplashTrading activity declines, listings increaseAverage daily trading volume on won-denominated crypto exchanges fell 15% to 5.4 trillion won ($3.6 billion), from 6.4 trillion won in the first half of 2025. New listings rose 10% to 227, while delistings jumped 50% to 54, including cases where the same coin was delisted from multiple platforms. The average transaction fee rate stood at 0.16%. Operating profit at the exchanges fell 38% to 395.8 billion won ($261 million), down from 635.2 billion won ($418 million) in the first half. Data on retail investors show that men in their 30s remain the largest group of crypto users in South Korea, with 2 million accounts. Overall, 74.2% of the country’s 11.13 million accounts—equivalent to 8.26 million users—held less than 1 million won (about $660) in digital assets. Only 10% (1.12 million accounts) held 10 million won ($6,600) or more, while just 1.5% (170,000 accounts) held over 100 million won ($65,800). By age group, users in their 30s and 40s each accounted for 27%. They were followed by those in their 50s (19%), under-30s (19%), and users aged 60 and older (9%). Survey shows investors remain waryRecent survey data points to cautious sentiment among retail investors. In a weekly survey of Korean investors conducted last week by CoinNess and Cratos, 36.9% of respondents reported “fear” or “extreme fear,” compared with 30.8% who were neutral and 32.3% who were optimistic. Despite the overall caution, short-term sentiment turned slightly more optimistic. The survey found that 38.3% of respondents expect Bitcoin to rise this week, up from 35.6% the previous week. Those expecting prices to move sideways accounted for 22.5% (down from 23.1%), while 39.2% expect a decline (down from 41.3%). With macroeconomic uncertainty rising and speculation growing over a possible April rate hike by the Federal Reserve, respondents were split on how monetary policy would affect digital assets. When asked about the Fed’s rate outlook for the year, the largest share (30.3%) said Bitcoin would rise regardless of interest rates. Another 26.5% expected rates to remain unchanged, 19.9% expected a cut, and 12.4% a hike. The remaining 10.9% said Bitcoin would fall regardless of rate decisions.