Hedge | Crypto

The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off. Situational Awareness, the hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported Thursday. The fund, which the Wall Street Journal said had around $20 billion in assets under management as of June 8, has also offered some investors the option to buy portfolio assets, according to the FT, citing people briefed on the discussions and a July 24 investor letter.  The size of the losses and amount sought were not disclosed. Aschenbrenner’s fund had gained 439% after fees through June, according to the letter, but the FT said borrowing increased the size of the fund’s bets, driving up losses when AI stocks collapsed during July’s market rout. Aschenbrenner also reportedly argued in the letter that...

GameStop has acquired 4,710 bitcoins as a hedge against macro uncertainty, CEO Ryan Cohen has said, noting that capital deployment will stay disciplined. Alongside a $2.25 billion zero-coupon convertible note raise, the retailer has shifted its business mix toward trading cards and collectibles. The post GameStop CEO Says Bitcoin Bet Is a Hedge, Not a Strategy Copy appeared first on Cryptonews.

As Polkadot weighs a bold move to convert part of its treasury into Bitcoin, the debate reveals deeper questions about risk management, governance transparency, and the evolving role of crypto treasuries in long-term protocol sustainability. The post Polkadot’s $50M Bitcoin Reserve Gamble: Community Clashes Over 500K DOT DCA Plan—Hedge or Risk? appeared first on Cryptonews.

Hedge funds like Qube, Virtu and Jump are hiring weekend crypto traders as traditional finance adapts to nonstop digital asset markets. The always-on crypto market is reshaping global finance, pushing hedge funds and trading firms to look beyond traditional hours and staff desks through the weekend. Qube Research & Technologies, a global quantitative investment management firm headquartered in London, is hiring for a “Crypto | Quant Trader (Weekend Shift)” role in London, which requires weekend availability in addition to a four-day workweek. The role, which includes overseeing continuous crypto trading, monitoring strategy performance and risks and implementing signals and data sets, requires working every other weekend and a normal day shift four days per week. Read more