Hyperithm invests in Japanese yen stablecoin issuer JPYC Inc.

China’s Bitmain Makes Plans to Unveil World’s First 1XJ/T Bitcoin MinerBitmain, the leading player in the cryptocurrency mining equipment business, is set to host the upcoming 2023 Global Digital Mining Summit (WDMS 2023) in Hong Kong, using the event as a springboard to launch its latest Bitcoin miner.The Beijing-headquartered mining equipment manufacturer set out its summit and equipment launch plans on Chinese social media platform WeChat on Monday.Photo by Dmitry Demidko on UnsplashIntroducing the ANTMINER S21With the theme “Empower the Bull Market, Mine with Timing,” the summit will aim to assist clients in strategically positioning themselves in the mining sector to reap the rewards of the next crypto bull market. During the event, Bitmain will introduce its latest research and development achievement — the ANTMINER S21 mining machine.The ANTMINER S21 is likely to take its place at the forefront of Bitcoin mining, given that Bitmain’s ANTMINER series has dominated the mining sector in recent years. Bitmain claims that with the S21, it is introducing a miner with unmatched computing power and efficiency, ushering the global mining industry into the 1XJ/T (Joules/Terahash) era.Ever greater efficiencyBitmain has consistently led the industry’s technological innovations, starting with the S9 model, which first broke the 100J/T barrier, to the S19 series with efficiency ratings of 34.5J/T, 29.5J/T, 21.5J/T, and 20.8J/T. The upcoming S21 is expected to continue this track record of ever greater Bitcoin miner efficiency.In addition to technological advancements, Bitmain is using the summit as a mechanism to offer benefits to attendees. The company will launch a customer points system, allowing clients to apply for credit limits for S21 miners based on their points, enabling them to mine first and pay later. Moreover, the points system will facilitate conversion of points into exclusive coupons for the ANTMINER S21.Hong Kong venueHong Kong has been chosen as the venue for this summit and that’s likely by design rather than by coincidence. Over the course of the past twelve months, the Chinese autonomous territory has been making huge strides in its efforts to become a center for blockchain and crypto-related business.In recent months, Hong Kong has announced several supportive blockchain policies, attracting a significant pool of Web3 talent. The summit will also feature keynote speeches from local government officials, indicating the willingness of the local administration to take every opportunity to further Hong Kong’s strategic objective of furthering crypto, blockchain, and Web3 in the city.Bitcoin mining has proven to be ruthless in its drive towards ever greater efficiency. This is playing out mainly on two different fronts. Firstly, in terms of the cost of the energy input. Miners continue to innovate in this area, to the extent that at this point, it’s difficult to remain competitive if an operation is not tapping into an energy source with a near zero input cost. This is being exploited by sourcing energy that is surplus to energy grid requirements, oftentimes renewable energy, that would otherwise be wasted.The second major factor is the efficiency of the miners themselves. Entities that gain early access to the latest generation of miners from Bitmain and other mining equipment manufacturers immediately become more efficient than the other mining outfits that they compete with to unlock Bitcoin mining rewards on the Bitcoin network.

Wemade has agreed to onboard Ritmi – a blockchain-based, Free-to-Play dance and rhythm mobile game built by UAE-based game developer Ritmi Games – onto its blockchain gaming platform WEMIX PLAY, according to an official Medium announcement on Friday (KST). It will be the first game of its kind in the WEMIX ecosystem.Photo by Kelli McClintock on UnsplashRhythmic funIn Ritmi, players can earn points by following the motions displayed on the screen in time with the music playing in the background. The game offers engaging and entertaining content like customizable avatars, personal music collections and dance battles. “We are pleased to partner with Wemade as pioneers in the gaming industry. We believe that together Wemade and Ritmi can sound harmonious in the gaming market,” said Ritmi Games CEO Kate Koroleva. Wemade’s global expansionThis rides on the coattails of Wemade’s recent efforts to expand its presence in the UAE. Last month, it became the first South Korean gaming company to form a partnership with the Dubai International Financial Centre’s (DIFC) Innovation Hub, where it plans to establish a WEMIX Play Center. It also partnered with the Dubai Chambers to contribute to advancements in the global Web3 and gaming industry.  On a broader scale, Wemade has been consistently securing partnerships with various developers in other regions as well, including North America, Europe and Asia. 

SAND Token to be Listed on Japanese Crypto Exchange bitFlyerJapanese crypto exchange bitFlyer has recently announced its plans to list The Sandbox (SAND) on its trading platform, making it the 22nd crypto asset to be available on bitFlyer. Specific details are yet to be announced. This move reflects bitFlyer’s commitment to expanding its offering and providing customers with more investment options and opportunities in the realm of Web3.Photo by Shubham Dhage on UnsplashGlobal presenceFounded in 2014 with a mission to simplify the world through blockchain technology, bitFlyer has taken its crypto asset trading business to the global stage. Its expansion includes sister companies bitFlyer USA and bitFlyer Europe, which have allowed the exchange to extend its reach beyond Japan.Blockchain-powered metaverseThe Sandbox is a metaverse platform that harnesses the power of blockchain technology, empowering users to create and possess digital content using the platform’s tools. Moreover, The Sandbox features virtual land called LAND, which is regularly utilized by companies for hosting events and various other activities. At the heart of this ecosystem lies the SAND token, which enables users to trade user-generated content, participate in governance by voting, and engage in staking.Attention in East AsiaNotably, The Sandbox has been generating significant attention in East Asia. Last month, the metaverse platform initiated an event titled “Hallyu Rising,” collaborating with renowned Korean brand partners, including automaker Renault Korea. As part of this event, Renault Korea launched the Renault Korea Hub within The Sandbox’s environment. This hub gives car enthusiasts a unique chance to design their own vehicles and enjoy exclusive experiences. The event also included a land sale, offering users the chance to acquire LAND adjacent to the Korean brands, thereby encouraging more active user engagement.