Tag: AI

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 […]

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

By chainwire BitMine Crypto + Cash Holdings Exceed $8.8 billion, including 1.71 million ETH Tokens BitMine Crypto + Cash holdings of $8.8 billion is a $2.2 billion increase from $6.6 billion reported last week BitMine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, […]