Cointime

Cointime

Download App
iOS & Android

BitValue Announced the Investment in Spield Algorithm, Which Is Shaping the Future of AI Quantitative Analysis

Cointime Official

BitValue announced the Investment in Spield Algorithm, which is Shaping the Future of AI Quantitative Analysis.

Web3 is rapidly changing the world, and an increasing number of people are recognizing its importance. As a fund with a strong background in quantitative trading, BitValue recently invested in Spield Algorithm, a quantitative trading company from North America. The core team of Spield Algorithm has managed over $10 billion in hedge funds, possesses extensive experience in asset management and quantitative trading, and has served multiple IPO companies；Currently, Spield manages $3 billion in crypto assets and act as a liquidity provider for some of the top-tier CEXs， Spield Algorithm now utilizes advanced AI algorithms to enhance their trading capabilities and quantitative analysis capabilities, with the goal of becoming the leading AI quantitative trading&analysis team globally. This news has generated a lot of attention in the industry, as it means that BitValue's influence will be further expanded while injecting new momentum into the development of the Web3 industry.

As an experienced investment institution in quantitative trading, BitValue is exploring ways to offer value-added services to its invested projects for their better development and success. The addition of Spield Algorithm will bring more value to the projects that BitValue participates in, as Spield not only has a wealth of experience in investment but also possesses advanced AI technologies and algorithms that can help BitValue to better understand the market trends and identify better investment opportunities.

For the Web3 industry, this news is incredibly positive. The development of Web3 technology requires strong financial support, and BitValue's investment injects new energy into the industry. Furthermore, Spield's involvement can inspire other quantitative companies to adopt better AI technologies and algorithms to remain competitive in this data-driven era. Companies that can use these technologies and algorithms more effectively will become leaders in the future.

Overall, BitValue's investment in Spield Algorithm confirms the importance of the new generation of AI quantitative trading and analysis in the Web3 industry. We believe that this partnership will allow BitValue to further leverage its influence and inject even more momentum into the Web3 industry, ultimately making significant contributions to the sector!

Comments

All Comments

Recommended for you

  • US Spot Bitcoin ETF Sees $296 Million Net Outflow Yesterday

    On July 2, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $296 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $14.92 Million Yesterday

    On July 2, according to monitoring by Trader T, the US spot Ethereum ETF saw a net inflow of $14.92 million yesterday.

  • Bitwise CIO: Current Market is at the End of the Cycle, New Bull Market to Begin This Fall

    On July 2, Bitwise Chief Investment Officer Matt Hougan stated that the sharp fluctuations in STRC combined with the pullback in MSTR stock prices are typical characteristics of the end of a cycle. As for when the market bottom will arrive, he could not provide a precise timeline, as no one can accurately predict it. Market bottoms can only be confirmed in hindsight. However, there are several key signals to watch for a potential bottom: First, MSTR trading below its net asset value per share indicates a complete shift from market greed to panic, which is a critical signal for bottom formation; second, the crypto fear and greed index hitting historical extremes and entering the extreme fear zone suggests it is a suitable time to position for a bullish trend; third, the negative funding rates in derivatives indicate that retail investors are much more inclined to short Bitcoin than to go long. The peak of market pessimism often presents a reversal opportunity. The current market is in a clearing phase, and the issues exposed by STRC are an inevitable part of the cyclical adjustment. All market cycles go through this painful period, which is unavoidable. The market is still digesting various risks, and I firmly believe that the bottom is near, with a new bull market set to begin this fall.

  • Bitwise CIO: The Role of Strategy in the Bitcoin Market Has Transformed

    On July 2, Bitwise Chief Investment Officer Matt Hougan stated that the role of Strategy in the Bitcoin market has undergone a fundamental change. For many years, it has been the world's most essential Bitcoin buyer, continuously providing bullish demand to the market. However, this era of one-sided accumulation is likely coming to an end. Moving forward, Strategy will flexibly buy and sell Bitcoin based on market conditions. Importantly, it will not engage in large-scale sell-offs. The existing mechanisms will not force Strategy to sell billions of dollars in Bitcoin each year; once a Bitcoin bull market arrives, Strategy is likely to return to a net buying position. However, in the next cycle, its influence on the Bitcoin market will be far less than in the previous cycle.

  • Uniswap Officially Launches on Robinhood Chain

    On July 2, Uniswap announced on platform X that the layer two network Robinhood Chain, developed by the Robinhood crypto business team, has fully launched Uniswap V2, V3, V4, and the UniswapX protocol. Uniswap serves as the core public automated market maker (AMM) on Robinhood Chain, supporting the Uniswap web interface, wallet client, and application programming interface (API) from day one. An AI plugin called uniswap-trading-tools, featuring three new functionalities, is also set to be released soon. Users can now utilize Uniswap on Robinhood Chain for token swaps, providing liquidity, purchasing stock tokens, deploying AI trading agents, and deeply experiencing this layer two network. This mature product system, trusted by millions of users, has now arrived on Robinhood Chain.

  • Senator Warren: Legislation Needed to Prevent Trump from Gaining More Cryptocurrency-Related Profits

    On July 1, U.S. Democratic Senator Elizabeth Warren stated that legislation is needed to prevent Trump from gaining more cryptocurrency-related profits.

  • Spot Silver Rises 4% Today, Currently at $60.90 per Ounce

    Spot silver has surged 4% today, currently priced at $60.90 per ounce.

  • Fed Chair Waller: Aiming for Real-Time Data-Driven Policy Making Within a Year

    On July 1, Federal Reserve Chair Waller set an ambitious timeline aimed at enabling the Fed to rely on new technologies that provide real-time economic data, thereby reducing dependence on lagging government survey data. Waller stated, 'My vision is that within the next 9 to 12 months, we will leverage new technologies to grasp the dynamics of the real economy in a synchronized, real-time manner, allowing us to make more informed decisions; we will no longer solely depend on data from government agencies that have statistical biases and are no longer applicable.'

  • Venice AI Raises $65 Million in Series A Funding at $1 Billion Valuation, Led by Dragonfly

    On July 1, Venice AI, an artificial intelligence platform focused on privacy protection, completed a $65 million Series A funding round, achieving a valuation of $1 billion and becoming a unicorn. This round was led by the crypto venture capital firm Dragonfly, with participation from Coinbase Ventures, NorthIsland Ventures, and others. Venice AI stated that the platform provides access to over 200 AI models and emphasizes user data privacy protection and a 'low censorship' experience. The company claims to have over 3 million active users, an annual revenue exceeding $70 million, and has already achieved profitability. The company plans to use the new funds to purchase graphics processing units and build its own data centers to reduce reliance on leased computing power and improve gross margins.

  • Non-Farm Payroll Data to be Released Tomorrow, US Stock Market Closed on Friday

    On July 1, due to the upcoming Independence Day holiday in the United States (July 3), the non-farm payroll data for June will be released earlier at 20:30 Beijing time on July 2 (Thursday). The US stock market will be closed for one day on July 3 (Friday). Trading for precious metals, energy, foreign exchange, US Treasury bonds, and stock index futures contracts under the CME will end early at 01:00 Beijing time on July 4. Trading for Brent crude oil futures contracts under the ICE will end early at 01:30 Beijing time on July 4. Investors are advised to take note.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company