{"id":8927,"date":"2025-08-26T19:04:13","date_gmt":"2025-08-26T19:04:13","guid":{"rendered":"https:\/\/bitunikey.com\/news\/numerai-crypto-up-41-after-jpmorgans-500m-commitment\/"},"modified":"2025-08-26T19:04:25","modified_gmt":"2025-08-26T19:04:25","slug":"numerai-crypto-up-41-after-jpmorgans-500m-commitment","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/numerai-crypto-up-41-after-jpmorgans-500m-commitment\/","title":{"rendered":"Numerai crypto up 41% after JPMorgan\u2019s $500m commitment"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">With its latest JPMorgan deal, crowdsourced quant hedge fund Numerai will more than double its assets under management.<\/p>\n<div id=\"cn-block-summary-block_e99ecab0805747613e0dfef1649b7583\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>JPMorgan commits $500M under management by Numerai<\/li>\n<li>Numerai is a crowdsourced quant hedge fund powered by crypto<\/li>\n<li>Quant traders have to stake NMR tokens to make predictions<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The crowdsourced quant hedge fund Numerai, backed by legendary investor Paul Tudor Jones, got another major backer. On Tuesday, August 26, Numerai <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-26\/crowdsourcing-hedge-fund-gets-500-million-jpmorgan-commitment\" target=\"_blank\">announced<\/a> that it had secured a $500 million commitment from investment banking giant JPMorgan. The deal more than doubles the quant firm\u2019s assets under management, which are currently at $450 million.<\/p>\n<p>JPMorgan\u2019s commitment adds both institutional legitimacy and a potential new source of revenue for Numerai. For one, with more assets under management, Numerai can expect greater revenue. For this reason, the NMR token rose 41.03% after the announcement and is currently trading at $11.65. Despite the latest surge, the token is still trading below its multi-month high of $25.58 in December 2024.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">How the Numberai quant hedge fund works<\/h2>\n<p>Numerai is a crowdsourced quant hedge fund, powered by its own native crypto. It enables freelance quant traders to submit their prediction models by staking numeraire (NMR) tokens. Winners earn rewards, while losers lose their staked tokens. What is more, Numerai adds the best-performing models to its master fund, which trades in equities.   <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThat\u2019s when investors like JPMorgan started to be like: Whoa, you guys aren\u2019t just back, you\u2019re way back,\u201d Richard Craib, Numerai\u2019s founder, said. \u201cPeople don\u2019t really want to invest until there\u2019s a track record. And when you\u2019re doing something super unusual and different, like we are, they might wait even longer before they get excited.\u201d<\/p>\n<\/blockquote>\n<p>JPMorgan committed its funds after the fund achieved a 25% return in 2024, recovering from a loss it suffered one year earlier. Paul Tudor Jones, a world-famous hedge fund investor, is one of the investors in the fund. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>With its latest JPMorgan deal, crowdsourced quant hedge fund Numerai will more than double its assets under management. Summary JPMorgan commits $500M under management by Numerai Numerai is a crowdsourced&hellip;<\/p>\n","protected":false},"author":1,"featured_media":82,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8927"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8927\/revisions"}],"predecessor-version":[{"id":8928,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8927\/revisions\/8928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/82"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}