Tag: AI

Stablecoin supply on Ethereum has exceeded $160 billion, signaling robust on-chain economic activity

By coinspy Key Points: Ethereum faces mounting institutional demand, with corporate treasuries increasingly allocating to ETH. Despite strong fundamentals, September historically underperforms for Ethereum, with Q4 typically delivering stronger returns. Bitcoin’s struggle near $108,000 introduces volatility that could spill over into altcoins, including ETH. Upcoming U.S. Treasury issuance may tighten dollar liquidity, pressuring risk assets […]

The Crypto AI Disconnect: High Risk, Low Reward — For Now

By mrblockchain The Paradox of Progress: Strength in Silicon, Weakness in Tokens Silicon Valley continues to pulse with energy as semiconductor titan Nvidia delivers another record-breaking quarter. The company’s second-quarter fiscal results reveal a staggering $46.7 billion in revenue, a figure that not only outpaces last quarter’s performance by 6% but also towers over the […]

JPMorgan Commits Up to $500 Million to AI-Powered Hedge Fund Numerai, NMR Token Surges

By Marco Piccolo Key highlights: JPMorgan Asset Management has committed up to $500 million to Numerai, significantly boosting the AI hedge fund’s investment capacity. Numerai’s global equity hedge fund delivered over 25% net return in 2024, outperforming many quant competitors. The news triggered a 95% weekly surge in Numeraire (NMR), the platform’s native cryptocurrency. Trade […]