The bet was resolved as 'yes' despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.

TL;DR Controversial Bet Outcome: Polymarket's political bet was resolved as “Yes” on whether Trump would secure a rare earth mineral deal with Ukraine, despite no official agreement, sparking concerns over decision-making integrity.

Polymarket is under scrutiny following allegations of a governance attack involving a significant holder of Universal Market Access (UMA) tokens.

Decentralized prediction platform Polymarket is under fire amid market manipulation involving a $7M bet. Users forecasted whether Ukraine would sign a mineral deal with the United States before April. Meanwhile, the chances of “Yes” results soared intensely to 100% between 24 March and 25. The remarkable jump happened despite zero validation of the agreement.

BornTooLate.Eth has accumulated over 1.3 million UMA tokens to attack a Ukraine-themed market — but nobody has appeared to have made much money.

Multiple online community users said a $7 million Polymarket bet was unfairly influenced by a whale that held significant voting power.

Last night, a governance issue on Polymarket was reported, where a large UMA holder allegedly used last-minute voting to manipulate the system, avoid losses, and profit from an inaccurate market outcome.

Polymarket, after the contradicting resolution of the “Ukrainian Rare Earth Market'” prediction event, has announced plans with the UMA team to establish enhanced monitoring and evaluation systems to avoid such incidents again. On Tuesday, Polymarket's community users saw approximately $7 million wiped out from the event market after a large UMA holder allegedly manipulated the

Polymarket reportedly experienced a governance attack on their prediction market related to Trump's Ukrainian mineral deal due to a last-minute intervention from a whale that tipped the results in their favor.

EigenLayer, Polymarket, and UMA have announced a collaboration to research and potentially develop a next-generation oracle system, leveraging EigenLayer's infrastructure.

TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.

EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. The post EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System appeared first on Cryptonews.

The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.

TL;DR Lightspark launched updates at its first Partner Summit in Los Angeles, including UMA Auth, UMA Request, and Lightspark Extend, as well as the new solution Spark. UMA is an open-source messaging standard that facilitates real-time transactions with various forms of value.

Lightspark unveils a new Bitcoin L2 and broadens the functionality of its Universal Money Address (UMA) standard with the release of UMA Extend, UMA Auth and UMA Request.

Polymarket and the UMA token might not survive a disputed US presidential election outcome, and here's why.

As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable.

As the cryptocurrency landscape continues to evolve, Grayscale in its recent research titled ‘Grayscale Research Insights: Crypto Sectors in Q42024' has identified six emerging assets, Sui (SUI), Bittensor (TAO), Optimism (OP), Celo (CELO), Helium (HNT), and UMA Protocol (UMA), as high-potential investments for Q4 2024.

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year.

With an optimistic surge in Bitcoin prices, bulls anticipate a breakout run above the $65000 mark. Amidst the growing confidence in the market, the DeFi tokens prepare for a bull run as the altcoin season inches closer.

Binance has added 0x (ZRX), Chromia (CHR), Raydium (RAY), Renzo (REZ), and Tellor Tributes (TRB) as loanable assets on Binance Loans (Flexible Rate).

Polymarket said the UMA's 'No' answer to the market betting on if Barron was involved in the DJT token was 'wrong.'

With the crypto market rising each day, the altcoins are making a strong comeback. Further, as the increased confidence amongst investors gives generous support to many exciting projects, UMA is making a comeback. With our UMA price price prediction, here's how the price trend could turn out in the coming years.

We look at UMA price prediction in the wake of a massive single-day rise of a third. What's behind the move and what's in store?

0x offers the core building blocks to create the most powerful Web3 apps. Building in Web3 becomes increasingly difficult as the number of ecosystems, DEX protocols, and tokens grows.

Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity recently.

The cryptocurrency market slightly recovered on January 26 after two weeks of poor performance following the Bitcoin spot ETF approval.

The price of UMA, a Web3-centered crypto project went ballistic on Wednesday as the community welcomed the launch of Oval, a new protocol dedicated to helping decentralized lending protocol's value. In the last week, UMA price increased by a staggering 71% to $7.

UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum's blockchain profits.

DeFi software firm 0x released an application programming interface, or API, that allows exchanges to abstract gas fees away from users. The so-called Tx Relay software was previously used in beta by platforms including Robinhood and Coinbase to enable “gasless swaps.

Blockchain oracle UMA has launched Oval, a solution that lets Decentralized Finance (DeFi) lending protocols capture Oracle Extractable Value (OEV) by auctioning the right to liquidate positions. Uma Oval to Serve DeFi Protocols Precisely, with Uma Oval, these DeFi protocols will be allowed to tap the value that emerges during Oracle updates via the OEV.

UMA has unveiled Oval, a MEV capture solution that the platform says will help DeFi protocols monetize the value that comes with the use of Chainlink oracle data. MEV relates to the maximum value one can extract from a block, doing things like transaction reordering and exclusion.

The Tx Relay API from 0x provides gasless transactions and dynamic gas adjustment for smoother swaps and fewer failed trades.

Oracle protocol Uma, after days of social media teasing, took the wraps off its latest innovation today: Oval, a tool to help borrow/lend protocols like Aave and Compound retain value generated through the consumption of Chainlink pricing data on Ethereum.

Uma's Oval targets oracle extractable value, a form of MEV generated during oracle-based price updates.

UMA, one of the trending digital currencies lately, has gained over 28% in the trading session today. Moreover, the UMA price has skyrocketed more than 200% in just a week.

The newest addition to 0x's selection of trading APIs allows builders to use "gasless" swaps in their decentralized applications on Ethereum.

Although the majority of assets in the cryptocurrency sector have been underperforming in recent days or even weeks, some represent a particularly poor choice for crypto trading this week due to various internal and external factors causing their substandard outlook in the short term.

The digital currency ecosystem is evolving in no small measure with a series of small-cap coins making impressive moves in the market overall. While thousands of assets are making waves in the market today, a few selected coins have the prospects of soaring by 1000% to 10,000%.

UMA, the native token of the Universal Market Access Protocol, has garnered significant attention from cryptocurrency investors, particularly due to its impressive performance in a market fraught with uncertainty. Over the past four days, the UMA price has skyrocketed by 212%, achieving a remarkable 20-month peak at $6.73.

UMA, the cryptocurrency of the Universal Access Protocol, experienced a robust rally, surging to $4.5. In the last two days alone, UMA's price skyrocketed by an impressive 128%, accompanied by a significant increase in trading volumes.

UMA, the native cryptocurrency of the Universal Access Protocol, has been on a strong price rally recently surging all the way to $4.5. Just within the last two days, the UMA price has gained a staggering 128% with skyrocketing trading volumes.

According to CoinGecko's top gainer report for Jan. 19, UMA holds the top spot with a 134% price surge in the last 24 hours.

While Bitcoin and top altcoins continue to battle downside pressure, UMA Protocol is looking to hold onto massive gains seen in the past 24 hours. As one of the crypto market's best performers in the past 24 hours, UMA Protocol's price has skyrocketed amid positive network integration news.

Uma's native token price increased by 90%, from $2 to $3.8, after teasing an MEV-focused solution named Oval.

UMA has experienced a robust surge. Why is the UMA price up and how high can the UMA price go?

UMA, the cryptocurrency of the Universal Market Access protocol, has experienced a robust surge, surging over 80% in the past 12 hours. Currently, UMA is trading at $3.79, boasting a market cap of $283.5 million.

UMA, the native cryptocurrency of the Universal Market Access protocol has witnessed a strong rally gaining over 80% in the last 12 hours. At press time, UMA is trading at $3.79 with a market cap of $283.5 million.