Numeraire (NMR), the native token of decentralized hedge fund platform Numerai, rallied more than 130% in the past week. Experts associate the surge with JPMorgan, after the asset manager secured a $500 million capacity for the firm’s flagship hedge fund. JPMorgan Partnership Marks a Turning Point for Numerai Numerai announced that JPMorgan, one of the world’s largest allocators to quantitative strategies, committed to invest and locked in $500 million of fund capacity. The deal is significant, coming a decade after Numerai’s inception in 2015
source: https://beincrypto.com/jpmorgan-500-million-numeraire-price-surge/