variant

Партнёр по инвестициям Variant Fund Алана Левин в своих размышлениях о рынке в четвёртом квартале 2026 года заявила, что дно крипторынка, вероятно, уже было достигнуто в какой-то момент в июле. Она писала в начале июля, что дно, похоже, близко, когда биткойн стоил 59 000 долларов, эфириум — 1600 долларов, а ZEC — 420 долларов. Она отметила, что вопрос теперь заключается в том, является ли бычий рынок настоящим стартом или ложным ростом, а также какие проекты на раннем бычьем рынке получат наибольшую выгоду, предполагая, что рынок находится на ранней стадии нового криптобычьего рынка.Левин отметила, что всё более формирующееся согласие заключается в том, что маржинальные средства, скорее всего, будут направлены на протоколы хранения ценности в качестве валюты, а также на протоколы, способные генерировать доход. Она считает, что биткойн является доминирующим активом для хранения цифровой ценности в настоящее время, а другие конкурентные активы могут быть оценены в зависимости от их рыночной капитализации по отношению к капитализации биткойна и её изменениям. Что касается протоколов, создающих доход, она ожидает, что инвесторы будут изучать, поступает ли доход от криптоактивности (например, Pump) или традиционной финансовой активности (например, Hyperliquid), сохраняется ли он во время рыночного спада и какова его рентабельность; проекты с реальными активами и ростом стабильных монет, которые могут привлечь институциональных пользователей и остаются под управлением основателей после выхода из медвежьего рынка, с большей вероятностью получат более высокие мультипликаторы.Она также выделила проекты на блокчейне, которые можно сопоставить с не криптовыми бизнесами, как третью категорию, считая, что большинство из них относится к нарративной торговле, а не к долгосрочным инвестициям. Темы включают маршрутизацию, выводы, вычислительную мощность, сбор данных и интерфейсы, связанные с искусственным интеллектом, и она сомневается, нужны ли большинству сценариев блокчейн; если такие проекты явно будут опережать, она воспримет это как сигнал о близости к вершине.

Сообщение ChainCatcher, неконтролируемая платформа фиксированных процентных ставок для кредитования Tenor объявила о завершении раунда посевного финансирования, который возглавил Variant, с участием Nascent, Prelude, Coinbase Ventures, Lattice, Very Early и нескольких ангельских инвесторов, которые продолжают поддерживать проект. Сумма финансирования пока не раскрыта.Tenor построен на основе фиксированного процентного кредитования протокола Midnight от Morpho и в настоящее время запущен в сети Base, в дальнейшем планируется расширение на большее количество цепочек, поддерживающих автоматическое продление, OTC котировки и плавающие процентные ставки для ожидающих заказов. Платформа в настоящее время поддерживает кредитование под залог криптоактивов и планирует расширение на валютные и кредитные рынки.

According to Fortune, the crypto-focused venture capital firm Variant has completed the fundraising of its new fund, Variant 4, totaling $222 million. The fund will invest in projects at their earliest stages, focusing on the theme of "autonomy" to integrate AI and crypto applications.Partner Jesse Walden stated that in the future, the label "crypto investor" will disappear, and crypto will become a universal "underlying pipeline" like internet infrastructure. The core is to provide users and businesses with greater autonomy and security through decentralized and contract security architecture, supporting the development of applications including DeFi platforms Uniswap and Morpho.

Investment firm Variant's Chief Legal Officer Jake Chervinsky posted on the X platform: "Today is my last day working full-time at the company, after which I will transition to an advisory role."

The Chief Information Security Officer of Slow Fog Technology, 23pds, has issued a security alert regarding the latest variant of the NPM supply chain attack, "Shai-Hulud 3." All project teams and platforms are advised to take precautions. It was previously suspected that the leak of the Trust Wallet API key could have led to the Shai-Hulud 2 attack.Shai-Hulud is a series of self-propagating worm-like supply chain attacks targeting the NPM ecosystem, aimed at stealing developer credentials, cloud keys, and environment secrets. The latest variant (referred to by the community as Shai-Hulud 3 or new strain) was discovered on December 28, 2025, by Aikido Security researcher Charlie Eriksen. The current spread is limited and may only be in the testing phase.

Chief Information Security Officer of Slow Fog Technology 23pds issued a security alert, the latest variant of the NPM supply chain attack "Shai-Hulud 3" is once again on the rise. All project parties and platforms are advised to take precautions. It was previously suspected that the leak of the Trust Wallet API key might have led to the Shai-Hulud 2 attack.

According to 23pds, the Chief Information Security Officer of Slow Fog Technology, a new variant of the information-stealing malware MacSync has emerged, successfully bypassing the macOS Gatekeeper security mechanism, resulting in the theft of user assets.This malware employs various techniques to evade detection, including file inflation, network connection validation, and self-destruct scripts after execution. Attackers can use this software to steal sensitive data from victims, such as iCloud keychains, browser passwords, and cryptocurrency wallets. Users should remain vigilant, avoid downloading software from unknown sources, promptly update operating system security patches, and take additional measures to protect the security of their crypto assets.

According to CoinDesk, Solana yield trading protocol Pye Finance has completed a $5 million seed round financing, led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and others.The startup is building an on-chain marketplace on Solana for time-locked staking positions, aimed at making locked equity transferable and easier to construct into fixed-term products.

According to Ember Monitoring, a suspected Variant Fund address transferred 8.23 million UNI to Coinbase Prime again within nearly 45 minutes.

The security agency BlockSec's on-chain tracking platform BlockSec Phalcon posted on platform X, stating, "Balancer and several of its fork projects were attacked a few hours ago, resulting in losses exceeding $120 million across multiple chains. This was an extremely complex attack.Preliminary analysis indicates that the root cause was the attacker's manipulation of the invariant calculation for BPT prices, distorting the BPT price calculation and allowing the attacker to profit from a single batch transaction from a specific stablecoin pool.Taking the attack transaction on Arbitrum as an example, the batch swap operation can be broken down into three stages: 1. The attacker exchanges BPT for the underlying asset to precisely adjust the balance of one token (cbETH) to bring it close to the rounding boundary (amount = 9). This creates conditions for precision loss in the next step; 2. The attacker then uses a pre-constructed amount (= 8) to swap between another underlying token (wstETH) and cbETH. Due to rounding down when scaling the token amount, the calculated Δx slightly decreases (8 0.918 to 8), resulting in an underestimated Δy, which causes the invariant (D) in Curve's StableSwap model to also decrease. Since BPT price = D / total supply, the BPT price is artificially suppressed; 3. The attacker then reverses the exchange of the underlying assets back to BPT, restoring balance while profiting from the drop in BPT price.

ChainCatcher news, MetaDAO has currently raised a total of $9.9 million in funding, with the following sources: Variant: invested $2.5 million at a price of $8.6 per token; 6MV: invested $1.5 million at a price of approximately $6.35 per token; Paradigm: invested $5.9 million at a price of $7.83 per token, increasing investment and adding to existing positions.

ChainCatcher news, following 6 MV, Variant and Paradigm announced that they will purchase MetaDAO tokens from the open market. Variant will buy $2.5 million worth of tokens at an average price of $8.6, while Paradigm plans to buy $5.9 million worth of tokens at $7.83.

ChainCatcher news, according to CoinDesk, predicts that the market startup Melee has completed a $3.5 million funding round, jointly invested by Variant, DBA, and angel investors, to launch its pioneering "viral prediction market" platform.The company draws on successful examples like Polymarket, allowing users to create prediction markets on any topic. Its core mechanism achieves decentralized pricing by rewarding early accurate traders, distinguishing it from the traditional model that relies on professional market makers. The platform places particular emphasis on the creator economy, supporting influencers to set up markets around fan interests and profit from them, for example, streamers can initiate prediction markets on game release dates.

ChainCatcher news, Slow Mist Technology's Chief Information Security Officer 23pds posted on X platform that a variant of the AMOS espionage Trojan, Odyssey, is distributing fake AI tool advertisements through channels like Twitter, enticing users to download malware disguised as AI tool clients.It uses AppleScript as the main payload to steal sensitive data such as system information, browser data, and cryptocurrency wallet information.

ChainCatcher news, Variant Chief Legal Officer Jake Chervinsky posted on X that there is currently no so-called "GENIUS compliant" stablecoin.Much of the debate has focused on whether existing stablecoins comply with GENIUS, but in reality, the legislation itself does not provide specific rules for issuers on how to comply ------ it merely sets an overall framework, with details to be filled in by regulators through rulemaking. Rulemaking is a massive undertaking, and until these rules are completed, it is impossible to determine whether a stablecoin is compliant.The process of rulemaking is not trivial, nor is there anyone who can delay it ------ GENIUS actually needs to wait 120 days after the rules are finalized to become effective law, with the expected determination date being July 18, 2026, which means the anticipated effective date for GENIUS is November 15, 2026. Until then, stablecoins will continue to operate under the regulatory frameworks of the past one, five, or ten years.