Sigma Capital has announced its first fund, planning to raise $100 million to invest in startups, liquid tokens and fund-of-funds.The firm currently has around $40 million in pre-commitments, founder, CEO and managing partner Vineet Budki told The Block.
[Executives from Multiple Crypto Companies to Hold Roundtable Meeting with U.S. Senate Banking Committee Leadership] According to two invited industry insiders, executives from several major crypto companies will hold a roundtable meeting with the leadership of the U.S. Senate Banking Committee tomorrow morning local time to discuss issues related to market structure legislation. Currently, Republican and Democratic senators are engaged in ongoing negotiations on this matter. It is reported that prior to this meeting, the crypto industry had conducted over a week of internal discussions on the latest proposal put forward by the committee, focusing on key issues such as the definition of securities and commodities, and the regulatory framework for decentralized finance (DeFi).
[SlowMist Alert: NPM Supply Chain Poisoning Attack Threatens DApp Users' Asset Security] SlowMist Technology's Chief Information Security Officer, 23pds, posted on the X platform, pointing out that recently attackers have been exploiting NPM supply chain poisoning by replacing SVG files referenced by decentralized platforms with versions embedded with malicious scripts. These malicious SVG files use cross-site scripting (XSS) attacks to generate pop-ups, luring DApp users into signing operations, thereby stealing user assets. SlowMist advises developers and users to strengthen security measures to prevent asset losses caused by supply chain vulnerabilities.
[Hong Kong SFC Proposes Stricter Compliance Requirements for Financial KOLs] The Hong Kong Securities and Futures Commission (SFC) plans to issue guidelines to licensed institutions, standardizing the hiring of financial KOLs and the use of digital platforms for promotion. The proposed regulations would require brokers to conduct due diligence on KOLs, assessing their background, credibility, and experience, as well as continuously monitoring their activities to ensure content is accurate and not misleading, while preventing potential market manipulation. Informal consultations with the industry are currently underway.
[Whale Loses Over $43 Million in a Single Month and Shorts Ethereum Again] According to monitoring by EmberCN, a whale who previously lost $35.84 million by going long on ETH and $7.5 million by shorting BTC has recently shifted to shorting ETH. The whale opened a short position of 5,432 ETH (approximately $24.5 million) at a price of $4,485, with a liquidation price of $4,594. Over the past month, this whale has accumulated losses totaling $43.33 million, and the current address balance is less than $1 million.
[Yala to Destroy Illegally Minted YU Tokens on September 23] Yala has released a follow-up report on the attack incident, stating that hackers exploited a temporary deployment key to establish an unauthorized cross-chain bridge, causing the YU token to briefly depeg. The hackers have returned 22,287,000 YU tokens, though some funds remain scattered across multiple wallets. Yala plans to destroy the illegally minted YU tokens on September 23, restore the 1:1 USDC exchange ratio, and compensate users who suffered losses due to the depegging. Currently, the official team is cooperating with law enforcement to track the hackers.
