As the crypto market gradually matures, institutional investors' tool choices for risk management are also continuously evolving. Digital asset derivatives trading company STS Digital pointed out that more and more institutions are systematically applying mature strategies long used for Bitcoin options trading to other cryptocurrencies and altcoins, in order to hedge price volatility risks and generate additional returns. Maxime Seiler, co-founder and CEO of STS Digital, stated that their clients include token project teams and foundations, large-scale investors, and asset management companies conducting risk management before liquidity events. These participants are transferring classic Bitcoin options strategies such as covered call writing, put selling, and options hedging to a broader range of crypto assets.

ChainCatcher message: According to GoPlus monitoring, hackers attacking Balancer used the permit() authorization mechanism to successfully transfer 195 stS tokens from the Sonic Labs frozen address 0xf19…fae2 to a new address 0x0e9c…44D5, and exchanged them for WBTC and