DeFi
S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-
S&P Global Ratings assigned Sky Protocol a B- rating with a stable outlook, marking the first time a credit rating company has assessed a DeFi protocol

Asia Morning Briefing: Tokenized Assets Will Eclipse DeFi, Chronicle Founder Niklas Kunkel Says
In an interview with CoinDesk, Kunkel outlines how oracles are moving beyond price feeds to power real-time risk management for the next wave of onchain credit.

Pendle's TVL Hits Record $8.3B After Yield-Trading Platform Debut
The protocol's new yield-trading platform, Boros, allows traders to go long or short on funding rates, and has attracted significant deposits and activity since its launch.

Decentralized Finance and Tokenization Growth Still Disappoints: JPMorgan
Total value locked (TVL) in DeFi remains below 2021 highs, the report noted.

Bitcoin DeFi Project BOB Raises Another $9.5M to Build BTC DeFi Infrastructure
The investment bring BOB's ("Build on Bitcoin") total funds raised to $21 million, following previous raises in 2024

The Layer 1 Fallacy: Chasing Premium Without Substance
DeFi and RWA protocols are rebranding themselves as Layer 1s to capture infrastructure-like valuations. But most remain narrowly focused applications with little sustainable economics — and the market is beginning to see through it, says Avtar Sehra.

DeFi Cheers as SEC Affirms Liquid Staking Protocols Aren’t Securities
The SEC’s new guidance on liquid staking boosts governance tokens like LDO and RPL, while TVL across protocols holds steady at $67 billion.

Aptos-Backed Decibel Unveils On-Chain Trading Platform With CEX Speed
The trading platform combines spot, perpetuals and yield strategies into a single interface, aiming to offer CEX-like speed with DeFi transparency.

Ondo Finance Had a Blockbuster July. Analyst Sees ONDO Exploding Higher in August.
Ondo Finance’s July moves may fuel an ONDO rally this month, says a popular crypto analyst citing acquisitions, partnerships, and regulatory momentum.

DeFi Protocol CrediX Taken Offline After $4.5M Exploit
CertiK said all the stolen funds were bridged to Ethereum from Sonic.
