JPMorgan Pledges $500 Million to Numerai, a Hedge Fund Utilizing Cryptocurrency

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 27 2025

Should l Buy NMR?

JPMorgan's Investment: JPMorgan Chase's asset management division plans to invest up to $500 million in Numerai, potentially doubling its current assets under management of $450 million.
Innovative Investment Model: Numerai utilizes a crowdsourced approach for trading strategies, rewarding freelance analysts with its cryptocurrency, Numeraire (NMR), and aligning their incentives with fund performance through staking.
Recent Performance: The partnership follows Numerai's impressive 25% return in 2024 after a challenging 2023, where it lost 17%, prompting a strategic overhaul to improve performance.
Competitive Edge: Founder Richard Craib positions Numerai as a cost-effective alternative to traditional multi-strategy funds by leveraging blockchain technology and a distributed network of contributors, aiming to expand significantly with JPMorgan's support.

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Technical Analysis for NMR

Technical Sentiment Analysis for Numeraire (NMR) As of , Numeraire (NMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, NMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Numeraire (NMR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	4.799	6.069	7.529	8.799	10.259	11.529	12.989
Fibonacci	6.069	7.112	7.756	8.799	9.842	10.486	11.529

About NMR

Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.Founded in late 2015 in San Francisco, Numerai claims to be the first hedge fund to launch a cryptocurrency on the market. Unlike traditional hedge funds, however, Numerai relies on the data and predictions produced by tournament participants to participate in the stock market. They claim to be the first hedge fund to use machine learning so heavily in its investment strategy.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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