Benchmark
Coverage of Benchmark in the Nexus archive.
- Claude Fable 5 Isn't Nerfed. The Router Is Just Paranoid
Claude Fable 5's performance was not reduced (not 'nerfed'), but discrepancies in benchmark results stem from a routing layer issue. Two benchmarks produced conflicting conclusions, with the routing layer's behavior explaining the inconsistency.
- Benchmark sees over 500% upside in Strategy, reiterates $570 target on new capital framework
Benchmark reiterated a Buy rating and $570 target price for Strategy, citing its new active two-way capital management framework as a key factor.
- Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is ‘not a stablecoin’
Benchmark stated STRC's drop below $83 was a leverage flush, not a depeg, and reaffirmed its $570 target on Strategy. The firm clarified that preferred stock is not a stablecoin.
- Benchmark sees Coinbase moving past ‘cyclical crypto brokerage,’ reiterates $270 price target
Benchmark has reiterated a Buy rating on Coinbase, highlighting its expansive product rollout and a $270 price target, indicating the company is moving beyond a cyclical crypto brokerage.
- Strategy supporters rebut ‘death spiral’ fears as bitcoin price wobbles
Strategy supporters are countering claims that the company is on the verge of selling its Bitcoin holdings, with Benchmark highlighting flaws in the assumptions behind the 'death spiral' narrative. The Bitcoin price remains volatile amid these discussions.
- Benchmark says SEC’s NMS proposal is the ‘most consequential’ US crypto rule this year
Benchmark identified the SEC's proposal to rescind Rules 611 and 610(e) as the most consequential U.S. crypto regulation this year. The SEC aims to remove these rules as part of its regulatory approach to the cryptocurrency market.
- Benchmark says Securitize ‘poised to be a positive outlier,’ sets $16 target as NYSE listing nears
Benchmark reiterates a Buy rating on Securitize with a $16 price target as the company's planned NYSE listing enters its final stages. The firm describes Securitize as 'poised to be a positive outlier.'
- Benchmark raises its first-ever growth fund as part of $2B capital raise
Benchmark is raising its first-ever growth fund as part of a $2 billion capital raise, breaking its over 20-year tradition of limiting fund sizes to about $425 million.
- Strive adds 2,500 BTC to treasury as Saylor’s Strategy sells
Strive added 2,500 BTC to its treasury while Saylor’s Strategy executed a sale. Benchmark noted the company's capital structure is 'one of the most differentiated in the bitcoin treasury sector.'
- Wall Street analysts increasingly value crypto firms as infrastructure, AI and capital markets platforms
Wall Street analysts are increasingly valuing crypto firms as infrastructure, AI and capital markets platforms, with buy ratings on several companies. Analysts at Benchmark, TD Cowen, and Mizuho hold positive views on Bitdeer, Strive, DeFi Technologies, and Gemini. This indicates a growing interest in the crypto industry.
- AI Still Can't Beat the On-Call Engineer: Here's Why
A new benchmark suggests that the best AI models cannot yet beat engineers at fixing real-world problems. The AI models are supposed to replace engineers, but they still lack the necessary capabilities. This limitation highlights the current gap between AI and human expertise in problem-solving.
- Crypto market structure bill still faces significant hurdles despite Senate committee win: analysts
The Crypto market structure bill has passed a Senate committee but still faces significant hurdles, with analysts predicting it will need more Democratic support to pass. TD Cowen has raised the probability of the bill passing to 40% from 33%. Benchmark also commented on the bill's prospects.
- Cerebras IPO makes billions for Benchmark but VC Eric Vishria almost didn’t take the meeting
Benchmark almost never invests in hardware startups but invested in Cerebras after a meeting with Eric Vishria. Cerebras' IPO made billions for Benchmark. Eric Vishria initially hesitated to hear Cerebras' pitch.
- Benchmark joins others in reiterating Buy rating on Coinbase stock despite lackluster Q1 earnings
Benchmark equities analysts have reiterated their Buy rating for Coinbase's stock and raised their price target to $270. The decision was made despite Coinbase's lackluster Q1 earnings. The new price target is an increase from the previous target of $260.
- Benchmark calls Bitdeer ‘comparatively inexpensive’ as it reiterates $27 price target for BTDR shares
Bitdeer's AI cloud ARR reached $43 million as of end-March, a 105% jump month-over-month, and Benchmark reiterates a $27 price target for BTDR shares, calling Bitdeer 'comparatively inexpensive'. Bitdeer's self-mining hashrate continues to grow. The significant increase in ARR is a notable development for the company.
- Exodus payments pivot hits ‘critical threshold,’ opens new revenue streams: Benchmark
Exodus payments pivot hits a critical threshold and opens new revenue streams according to Benchmark. The payments infrastructure from Exodus' W3C deal could see revenue move from crypto swaps into more recurring income streams. This shift is expected to bring significant changes to Exodus' revenue model.
- ‘Not circular’: Benchmark defends Strategy’s STRC bitcoin accumulation model
Some market watchers liken Strategy's STRC preferred stock to a 'circular' Ponzi scheme model, but Benchmark disagrees. The article highlights the debate over the STRC bitcoin accumulation model's legitimacy.
- ‘Clear runway’ to 5,000 BTC: Benchmark initiates Asian food platform DDC, sees 70% upside
DDC, an Asian food platform, is investing in an AI-driven operating system to guide its Bitcoin purchases, aiming to reach 5,000 BTC by year-end 2026. Benchmark has initiated this project, highlighting a 70% upside potential.