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

See Full Page