Numeraire experienced a significant surge in value following a substantial $500 million investment from JPMorgan Chase & Co., reaching a new all-time high of $19.55 on August 27, […]
JPMorgan Invests $500M in Numerai, Fueling Convergence of Crypto and AI
Numerai, an AI-powered hedge fund backed by prominent trader Paul Tudor Jones, has received a substantial funding boost of up to $500 million from JPMorgan Asset Management. This […]
Bitcoin Strategy’s Upside Potential in Doubt Amid Hedge Fund Dominance
Hedge funds are reshaping the landscape of Bitcoin investment, raising questions about the future of Strategy, a long-standing high-beta proxy for Bitcoin. As hedge fund trading dominates market […]
Crypto Hedge Funds Underperform Amidst Bitcoin’s Surge: Report Reveals Struggles
A recent report by 10x Research reveals a concerning trend in crypto hedge funds, as many struggle to keep up with the rapid growth of Bitcoin. Since the […]
Crypto Hedge Funds Target FloppyPepe as Next Wave of Retail-Led Altcoin Movements
The crypto world is buzzing about the potential of FloppyPepe (FPPE), a meme coin gaining traction thanks to interest from established hedge funds. These funds are eyeing FPPE […]