UMA

UMA

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. ANALYSIS Polymarket's potential launch of the POLY token may mark the end of UMA’s reign over prediction markets and the beginning of an era where truth itself is governed in-house. So far, the token has only been teased. Nothing is known about the tokenomics or utility of the token, but given complaints from the community, it's possible to speculate on what it might be. After years of outsourcing resolution to UMA’s 'optimistic' oracle, a system where anyone can propose an outcome by staking collateral and UMA token holders vote to settle disputes, an arrangement that recently produced multiple episodes of whale-led manipulation , the occasional contradiction from Polymarket itself , and community outrage, Polymarket might be building its own truth layer – a mechanism to resolve markets in-house. Hypothetically, the token would likely sit beside the betting engine, not inside it: wagers in USDC, governance and curation in POLY. That separation could be the key to what UMA never solved: finding a way to make decentralized truth expensive to corrupt and fast enough to trust. UMA’s tokenomics were designed around an “optimistic oracle” where UMA token holders vote to resolve disputes. In theory, UMA voters are rewarded for aligning with the majority and penalized for voting incorrectly, creating a " Schelling-point " model of truth. In theory, this structure rewards consensus, not necessarily accuracy. Large UMA token holders can potentially sway outcomes to protect their own positions, while smaller voters are incentivized to follow majority signals rather than independently verify facts. Because rewards are paid in UMA regardless of whether the final result accurately reflects reality, critics argue that the system often prioritizes coordination over correctness. This leaves markets theoretically vulnerable to potential manipulation, as seen during the saga of Ukraine-themed betting contracts, when truth and token incentives diverge. If Polymarket internalizes resolution through POLY, it could signal a broader shift in how decentralized truth is financed and maintained. By separating wagers from governance, Polymarket would be able to price honesty independently of the outcome of any single bet. UMA showed that decentralized oracles can be built, but not that they can be fully trusted when incentives drift from truth. POLY, if it exists as envisioned, could restore the link between accuracy and reward that prediction markets were supposed to embody. In that sense, the coming token is not just another governance asset. Instead, it's a bet on whether truth can finally be made liquid, accountable, and owned by the market it serves. But of course, this is just informed speculation. Market Movement: BTC: Bitcoin is trading above $121,700,trading lower after a failed push above $124,000, with profit-taking across metals and crypto triggering over $600 million in liquidations and a rotation back into BTC as market dominance climbs above 59% ETH: Ethereum (ETH) is trading at $4,376, down 3.2% in the past 24 hours as traders rotate out of altcoins amid renewed risk aversion, though long-term sentiment remains supported by institutional accumulation and optimism around the upcoming Fusaka upgrade. Gold: Gold is trading around $4,040 per ounce, easing slightly from record highs as investors take profits after the metal’s historic rally, though demand remains firm amid persistent geopolitical and inflation concerns. Nikkei 225: Asia-Pacific markets mostly fell Friday, with Japan’s Nikkei 225 down 0.33%, as investors assessed economic risks and revisited trade tensions between Washington and Tokyo, even as expectations of continued loose policy under incoming Prime Minister Sanae Takaichi kept the yen weak and stocks near record highs. Elsewhere in Crypto 'Bitcoin Jesus' to Settle U.S. Tax, Fraud Charges: NYT ( CoinDesk ) Monad Teases Airdrop as Ethereum, Solana Rival Nears Long-Awaited Network Launch ( Decrypt ) Digital Currency Group subsidiary Yuma launches asset management division with two flagship funds ( The Block )

Analysis of the effects following Polymarket's partnership with Chainlink on UMA token value and DeFi market dynamics. Read original article on tokentopnews.com

UMA completed a breakout from a symmetrical triangle, with support holding near $1.50. Resistance levels at $1.76 and $2.05 are key for short-term continuation. Risk-to-reward ratio remains favorable with stop-loss at $1.34. UMA price is showing renewed strength after a confirmed...

In this episode of the Clear Crypto Podcast, Kristin Smith of the Solana Policy Institute explains how crypto went from regulatory target to political powerhouse and why the GENIUS Act cements blockchain’s place in Washington.

Discover UMA, the Ethereum-based protocol for synthetic assets and decentralized oracles. Learn how UMA 2.0, governance, and partnerships drive its growth in DeFi. 〈What is UMA? Features, Use Cases & Market Outlook〉這篇文章最早發佈於《CoinRank》。

SoFi will roll out a Bitcoin-powered international money transfer service inside its consumer app, becoming—per Lightspark CEO David Marcus—“the first US bank to use Bitcoin and Universal Money Addresses (UMA) to offer 24/7, realtime, cheap global payments.” The integration uses the Bitcoin Lightning Network as the cross-border settlement rail and will debut later this year, with Mexico as the first corridor. First US Bank Plugged Into Bitcoin Lightning In its announcement on August 19, SoFi said members will be able to send funds abroad directly from the SoFi app “with lower fees and faster delivery compared to traditional remittance service providers.” Technically, dollars are converted to Bitcoin in real time, routed over Lightning, and reconverted instantly on the other side to local currency that lands in a recipient’s bank account—without users needing a third-party app. SoFi added that total costs will be “below the current national average,” with exchange rates and fees shown up front. The feature will be available through SoFi Checking & Savings, offered by SoFi Bank, N.A., Member FDIC, with a waitlist already open. “SoFi is one of the most innovative and forward-thinking financial platforms in the US today,” Lightspark’s Marcus said in the release. “Digital banks are embracing UMA because it’s fast, cheap, and secure, and it uses the only open payments network that exists, Bitcoin.” SoFi CEO Anthony Noto framed the move in terms of everyday utility: “For many SoFi members who regularly send money to loved ones internationally, the ability to quickly transfer money at low cost isn’t just a convenience, it’s a meaningful improvement to their everyday financial lives.” Marcus amplified the launch on X, calling it a “very important milestone,” and underscoring the strategic rationale for banks: “Bitcoin’s neutrality, openness, and decentralization makes it a very compelling choice for banks as the replacement for antiquated correspondent banking vs. other centralized options. No one wants to king-make another closed, corp controlled payment network again. Open will win.” In a separate post, he urged observers to “truly digest the significance of major banks in the US, Latin America, Europe—and soon everywhere—using Bitcoin as neutral TCP/IP packets for money.” The announcement positions SoFi within a broader shift by large consumer platforms toward Lightning-based settlement. Lightspark previously disclosed partnerships aimed at bringing Lightning and UMA to Revolut in the UK and EEA and to Brazil’s Nubank , one of the world’s largest digital banks, signaling a multi-region build-out of an “open Money Grid.” Against that backdrop, SoFi’s US bank charter makes this rollout notable in the regulated banking context. Whether SoFi is the first US bank to integrate Lightning may depend on definitions and scope. Lightspark’s press release describes SoFi as “one of the first US-banks to offer a blockchain-powered remittances service,” whereas Marcus’ posts characterize it as the first US bank using both Bitcoin and UMA to deliver always-on, inexpensive global payments. What is uncontested is the architecture: UMA addressing on the front end, Lightning for cross-border routing, fiat in and fiat out—with SoFi aiming for lower-than-average remittance costs and round-the-clock availability inside a mainstream banking app. At press time, BTC traded at $113,627.

SoFi Technologies is preparing to launch an international money transfer service that will run on the Bitcoin Lightning Network and Universal Money Address (UMA) .

SoFi Bank will use Bitcoin’s Lightning Network to launch low-cost international money transfers, beginning with Mexico later this year. As part of its partnership with payments infrastructure provider Lightspark, announced on Aug. 19, SoFi Bank will offer near-instant cross-borde...

SoFi Technologies marks a first for U.S. banks by introducing the Bitcoin Lightning Network and Universal Money Addresses, enhancing global remittance services. Read original article on coinwy.com