Investment giant JPMorgan has made a significant move, committing a whopping $500 million to Numerai, an AI-powered cryptocurrency hedge fund. This bold decision nearly doubles Numerai’s assets under management (AUM), signaling a major endorsement of the convergence between artificial intelligence and blockchain technology. 📈 The news sent ripples through the crypto market, with Numeraire (NMR) experiencing a staggering surge of over 100%, reaching heights of $16–$17 after the announcement. The impact goes beyond just Numerai; AI-crypto trading activity jumped by 7.5% in the aftermath, reaching over $31.6 billion within 24 hours, reflecting widespread investor interest. 📈 💰 This landmark investment underscores growing confidence in the potential of AI and cryptocurrency, paving the way for a wave of further institutional adoption.