Latest news with #AGIX
Business Mayor
03-05-2025
- Business
- Business Mayor
Hayden Davis and Catholic Church NFT Rug Collaboration Draws Crypto Trader Attention – Trading Implications Analyzed
In a surprising turn of events, Hayden Davis, a notable figure in the crypto and NFT space, has reportedly collaborated with the Catholic Church on a unique digital art project involving a rug-themed NFT collection. This news broke on May 3, 2025, via a tweet from Kook Capital LLC on Twitter, which quickly garnered attention in the crypto community (Source: Twitter, Kook Capital LLC, May 3, 2025, 10:15 AM UTC). While the specifics of the collaboration remain limited at the time of writing, the announcement has sparked significant interest among traders and investors, particularly in NFT and AI-related tokens due to Davis's history of leveraging AI tools in his digital art creations. As of May 3, 2025, 11:00 AM UTC, the tweet had already amassed over 5,000 retweets and 12,000 likes, indicating strong community engagement (Source: Twitter Analytics, May 3, 2025, 11:00 AM UTC). This event is not just a cultural curiosity but also a potential catalyst for price movements in specific crypto markets. Early data from CoinGecko shows a 3.2% uptick in trading volume for AI-driven NFT tokens like Alethea AI (ALI) within the first hour of the news breaking, with ALI trading at $0.0145 as of 11:30 AM UTC on May 3, 2025 (Source: CoinGecko, May 3, 2025, 11:30 AM UTC). Additionally, major crypto assets like Bitcoin (BTC) and Ethereum (ETH) showed minor fluctuations, with BTC holding steady at $62,400 and ETH gaining 1.1% to $2,480 within the same timeframe (Source: CoinMarketCap, May 3, 2025, 11:30 AM UTC). On-chain metrics from Glassnode indicate a 2.5% increase in NFT transaction volume on Ethereum-based platforms between 10:00 AM and 12:00 PM UTC on May 3, 2025, suggesting heightened interest in digital collectibles tied to high-profile collaborations (Source: Glassnode, May 3, 2025, 12:00 PM UTC). This collaboration could signal a broader trend of institutional and cultural entities entering the NFT space, potentially driving sentiment and liquidity in related markets. Read More Bitcoin Climbs 10.17% In Rally From a trading perspective, this collaboration between Hayden Davis and the Catholic Church offers several actionable insights for crypto investors. The immediate spike in AI-related NFT tokens like Alethea AI (ALI) and SingularityNET (AGIX) highlights a clear market correlation between AI-driven projects and high-profile NFT releases. As of May 3, 2025, 1:00 PM UTC, ALI saw a price increase of 4.7% to $0.0152, while AGIX rose 3.9% to $0.58 across major exchanges like Binance and KuCoin (Source: Binance, KuCoin, May 3, 2025, 1:00 PM UTC). Trading volume for ALI surged by 18% in the 24 hours following the announcement, reaching $2.1 million, while AGIX recorded a 15% volume increase to $3.4 million (Source: CoinGecko, May 3, 2025, 2:00 PM UTC). This suggests that traders are positioning themselves for potential gains in AI-crypto crossover projects, especially given Davis's reputation for integrating AI in art creation. For major trading pairs like BTC/USDT and ETH/USDT on Binance, volume remained relatively stable, with BTC/USDT at $1.2 billion and ETH/USDT at $850 million for the day as of 2:30 PM UTC on May 3, 2025 (Source: Binance, May 3, 2025, 2:30 PM UTC). However, the NFT market sentiment, tracked via OpenSea data, showed a 5% increase in unique buyers for Ethereum-based NFTs within hours of the news, indicating retail interest (Source: OpenSea Analytics, May 3, 2025, 3:00 PM UTC). Traders should monitor AI-token pairs like ALI/ETH and AGIX/BTC for short-term volatility, as well as potential breakout opportunities if further details of the rug NFT project emerge. Delving into technical indicators and volume data, the market response to this collaboration provides critical insights for strategic positioning. For Alethea AI (ALI), the Relative Strength Index (RSI) on the 1-hour chart moved from 48 to 62 between 10:00 AM and 2:00 PM UTC on May 3, 2025, signaling growing bullish momentum (Source: TradingView, May 3, 2025, 2:00 PM UTC). The Moving Average Convergence Divergence (MACD) for ALI also showed a bullish crossover at 1:30 PM UTC, with the signal line crossing above the MACD line, suggesting potential for further upside (Source: TradingView, May 3, 2025, 1:30 PM UTC). SingularityNET (AGIX) mirrored this trend, with its 50-day Exponential Moving Average (EMA) providing support at $0.55 as of 3:00 PM UTC (Source: CoinMarketCap, May 3, 2025, 3:00 PM UTC). On-chain data from Etherscan reveals a 7% increase in transactions for ALI-related smart contracts between 11:00 AM and 3:00 PM UTC, with over 1,200 unique wallet interactions recorded (Source: Etherscan, May 3, 2025, 3:00 PM UTC). For broader market context, Bitcoin's Bollinger Bands on the 4-hour chart tightened around $62,300 at 2:00 PM UTC, indicating low volatility and potential consolidation (Source: TradingView, May 3, 2025, 2:00 PM UTC). Ethereum's trading volume on major pairs like ETH/USDT spiked briefly by 3% to $900 million at 1:00 PM UTC, likely driven by NFT market spillover (Source: Binance, May 3, 2025, 1:00 PM UTC). The correlation between AI developments and crypto market sentiment is evident here, as AI-driven NFT projects often attract tech-savvy investors. Traders focusing on AI-crypto crossover opportunities should watch for sustained volume increases and RSI levels above 70 for overbought conditions in tokens like ALI and AGIX over the next 24-48 hours. In summary, the Hayden Davis and Catholic Church collaboration on a rug-themed NFT project, announced on May 3, 2025, has already influenced niche crypto markets, particularly AI-related tokens and NFT ecosystems. With precise monitoring of price movements, trading volumes, and technical indicators, traders can capitalize on short-term opportunities in this evolving narrative. For those exploring AI and crypto market trends, this event underscores the growing intersection of technology, culture, and digital assets. FAQ Section:What is the impact of the Hayden Davis and Catholic Church collaboration on crypto markets? The collaboration, announced on May 3, 2025, has driven a noticeable uptick in AI-related NFT tokens like Alethea AI (ALI) and SingularityNET (AGIX), with price increases of 4.7% and 3.9% respectively within hours of the news (Source: CoinGecko, May 3, 2025, 2:00 PM UTC). Trading volumes for these tokens also surged by 18% and 15%, reflecting strong market interest. How can traders benefit from AI-crypto crossover projects? Traders can monitor AI-token pairs like ALI/ETH and AGIX/BTC on exchanges like Binance for short-term volatility. As of May 3, 2025, 3:00 PM UTC, technical indicators such as RSI and MACD suggest bullish momentum for these tokens, offering potential entry points (Source: TradingView, May 3, 2025, 3:00 PM UTC). READ SOURCE
Business Insider
25-04-2025
- Business
- Business Insider
AI for peace: An RFP ideation challenge & hackathon
AI for peace: An RFP ideation challenge & hackathon Ideate. Innovate. Inspire. Shaping The Future Where AI Becomes a Force for Global Peace Deep Funding cordially invites you to participate in the AI for Peace Challenge and Hackathon with a $20,000 prize pool, a ground-breaking project in a society beset by inequalities, war, and division. More than merely a call for creativity, this is an avenue for the worldwide AI community to unite and create AI solutions that promote harmony, understanding, and cooperation at a moment when mankind most needs them. �� What You Need to Know With the revolutionary concept of AI for Peace at its core, Deep Funding is launching its first-ever RFP Ideation Challenge. At the same time, we're getting ready for an exciting Hackathon where some of the best ideas from the RFP Ideation Challenge will be turned into actual, useful AI projects and seamlessly integrated into Singularitynet's marketplace. �� Key Highlights ● AI4P RFP Ideation Challenge: March 18th – May13th, 2025 ● AI4P Hackathon Registration Deadline: May 13th, 2025 ● AI4P Hackathon: May 16th – 25th, 2025 By taking part in this challenge, you can help shape a more peaceful future through AI. Winning ideas influence future Deep Funding RFPs and become inspiration for Hackathon tracks! �� Why 'AI for Peace'? AI has immense potential and responsibility. AI for Peace envisions a world where AI: ● Prevents conflict through early warning systems ● Fights disinformation and hate speech ● Supports post-conflict reconciliation ● Provides unbiased access to justice ● Enhances humanitarian aid coordination We invite developers, thinkers, activists, and visionaries to build AI-powered solutions that bridge divides, strengthen communities, and create lasting impact. �� What is the RFP Ideation Challenge? Great ideas can come from anyone, not just developers. This initiative empowers all contributors to submit ideas, from technical AI to social innovations. Theme: AI for Peace Reward: ● $500 in AGIX for selected ideas ● $1000 in AGIX if advanced to a community RFP Submissions should explore how AI can foster peace, inclusion, justice, and humanitarian support. �� AI for Peace Online Hackathon Even non-winning ideas might inspire a Hackathon track! Developers will turn the best ideas into real AI tools ready for the Singularitynet Marketplace. �� Get Inspired Think of tools like: ● Conflict prediction platforms ● Translation/NLP tools for crisis zones ● AI-driven mental health for refugees ● Models preventing resource scarcity conflicts ● Decentralized identity for aid distribution Reward: ● $20,000 in AGIX for winning Teams �� How to Get Involved �� Submit Your Idea (No Tech Skills Needed!) 1. Register at the Deep Funding portal 2. Go to RFP Ideation > Challenge Section 3. Submit under 'AI for Peace Challenge' 4. Join the MatterMost Channel: Join Here Required Fields: ● Title (Max 50 chars) ● Idea Summary ● Idea Description ● Problem Description ● Proposed AI Solution �� Hackathon Participation ● Register here: Hackathon Registration Form ● Join MatterMost for updates: Hackathon Channel ● Kickoff Meeting: TBA ● Join the Telegram community for announcements �� Let's Co-Create Peace with AI Whether you're a visionary or a builder, this is your moment.
Yahoo
04-03-2025
- Business
- Yahoo
KraneShares AI ETF AGIX Buys Anthropic Shares
NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- KraneShares today announced its KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) has become one of the first US-listed exchange-traded funds to directly invest in a private company1, acquiring shares in Anthropic. KraneShares believes this places AGIX at the forefront of ETF innovation, delivering investors unparalleled access to high-growth private AI opportunities. As of the date of this release, Anthropic represented 4.60% of AGIX's net assets.2 Holdings are subject to change. AGIX was launched on July 18, 2024, by KraneShares in collaboration with Etna Capital Management, an established pioneer in AI venture investing. Etna's expertise is underscored by its early-stage investments in groundbreaking AI innovators such as Anthropic, xAI, and Perplexity. AGIX offers shareholders direct exposure to Anthropic, a pioneer in large language models (LLMs) and enterprise-focused AI solutions. Anthropic is an artificial intelligence research company founded in 2021. It is backed by technology giants, including Amazon and Google, and focuses on developing safe and ethical AI systems. Its flagship product, the Claude AI assistant, has become a cornerstone for businesses seeking advanced yet responsible AI capabilities. 'This transaction redefines what's possible for ETFs in private markets,' said Derek Yan, Senior Investment Strategist at KraneShares. 'KraneShares has always been dedicated to unlocking investment opportunities that were once out of reach for most investors. By securing direct ownership in Anthropic – a leading private AI company – we are making investing in private companies more accessible.' 'We believe we are at the dawn of a new era of intelligence, and Anthropic is uniquely positioned to lead the global competition among AI model companies. This leadership will be driven by Anthropic's commitment to cutting-edge research, strategic capital deployment, comprehensive model training data preparation, and a strong focus on delivering controllable and safe models tailored for enterprise needs,' said Solomon Bier, Partner at Etna Capital Management. 'We are thrilled about AGIX's investment in Anthropic and are actively working on expanding the pipeline of private investments for AGIX, positioning it as a solution for investors seeking exposure to AI companies across both public and private markets.' AGIX is designed to prepare investors' portfolios for the era of artificial general intelligence (AGI) by investing in companies driving progress toward this goal. We believe the inclusion of Anthropic, a leading LLM company, enhances AGIX's distinctive role in delivering comprehensive exposure to the full AI value chain across public and private markets. For more information on the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), top 10 holdings, and its innovative structure, please visit About KraneShares KraneShares is an investment manager focused on providing innovative, high-conviction, and first-to-market ETFs based on extensive investing knowledge. KraneShares identifies groundbreaking capital market opportunities and offers investors cost-effective and transparent tools for gaining exposure to diverse asset classes. Founded in 2013, KraneShares serves institutions and financial professionals globally. Citations: Data from Bloomberg as of 2/14/2025. Data from Bloomberg as of 3/3/2025. *Up to limits permitted by the Investment Advisors Act of 1940. Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting: Read the prospectus carefully before investing. Risk Disclosures: Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice. AGIX may invest in derivatives, which are often more volatile than other investments and may magnify AGIX's gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset's market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. AGIX is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause AGIX to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative. AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. AGIX is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. AGIX may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as AGIX increases in size, the impact of IPOs on AGIX's performance will generally decrease. Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. AGIX is new and does not yet have a significant number of shares outstanding. If AGIX does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. AGIX's assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, AGIX is subject to loss due to adverse occurrences that affect that concentration. A large number of shares of AGIX are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. AGIX is non-diversified. ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds. Contact:KraneShares Investor Relationsinfo@ in to access your portfolio
