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DeFi
DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.
Transit Finance Hacker Returns $2.74M to Victims, Sends $686K to Tornado Cash
Transit Finance hacker has sent $686,000 worth of BNB tokens to the sanctioned Tornado Cash protocol.

Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan
The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol.

Defi Platform Exponential Raises $14M in Seed Funding Round Led by Paradigm
Exponential, a DeFi investment discovery and risk assessment platform, has raised $14 million in seed funding led by crypto-focused investment firm Paradigm. Exponential.fi Co-Founder & CEO Driss Benamour shares insights into the state of DeFi and the impact of BNB Chain's $100M cross-chain bridge exploit.

Decentralized Social Network's DeSo Token Rallies Amid Stablecoin Plans
The project has created a wrapper for Circle’s widespread USDC stablecoin.

DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M
Ribbon's Lend, which went live on Monday, allows institutions to borrow funds without having to lock in collateral.

Asset Management Giant GoldenTree Discloses $5.2M Investment in SushiSwap
The credit-focused firm has been ramping up its commitment to cryptocurrency, unveiling a new investment manager and fund in recent months.

Transit Swap Exploiter Returns Large Chunk of $28.9M Hack
Security firms help locate the hacker's IP address following the $28.9 million exploit.

Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential
The tool helps users assess risks in decentralized finance and compare investments.

Sushi Community Votes in 'Head Chef' to Oversee Decentralized Crypto Exchange
CEO Jared Grey plans to work out the kinks associated with Sushi’s internal structure that may have prompted departures in the past.

Student Organizations Pull Their Weight in DeFi Protocol Governance
Crypto-curious students find valuable hands-on experience and empowerment in policy elections, a typically low-participation area of the Web3 ecosystem
