Leviathan News

The Curious Case of Zelensky’s Suit, PolyMarket, UMA and the New Politics of Truth

In this episode we untangle how a single photograph of President Volodymyr Zelenskyy’s black jacket became a $150-million flash-point on Polymarket, the largest crypto prediction exchange. The platform’s “optimistic oracle,” UMA, stalled three times on the question of whether Zelenskyy had “worn a suit before July,” then looked ready to rule No, even as mainstream outlets ran headlines calling the outfit a suit. We explain how UMA’s four-code voting system works, why one wallet with 1.3 million UMA tokens could swing a verdict, and how similar whale manoeuvres upended a $7 million Ukraine-minerals wager in March and forced Polymarket to over-ride its own oracle in last year’s Barron-Trump meme-coin dispute. The episode also charts Polymarket’s meteoric rise, from billions in 2024-election volume to a 2025 funding round that puts the company’s valuation above $1 billion, and asks what happens to “truth on-chain” when the incentives, the rules, and the money all point in different directions. If you find this useful, share it with a friend and leave a comment telling us which part surprised you most. 00:00 Opening – The Jacket That Launched a $150M Bet 02:15 Act 1: The Bet – A Gold Badge and a Sure Thing 12:30 Act 2: The Oracle – Why UMA Keeps Saying “Too Early” 25:00 Act 3: Precedent Problems – Whales, Flips, and Overrides 35:40 Act 4: Retail Risk – How Clear Rules Could Fix It 43:00 Credits & How to Support the Show

N1’s Building the Most Powerful Perp DEX in Crypto with David Cao

🚀 LIVE: David Cao on N1 Chain – Building a Lightning-Fast Perp DEX for Everyday TradersWondering how N1 plans to turn on-chain derivatives into a one-click, low-fee experience? In this Leviathan News livestream, host Sam McCulloch sits down with N1 founder David Cao to unpack:• Why N1 pivoted from options to a high-speed perpetuals exchange• The tech behind N1’s sub-second finality and 100k TPS target• Liquidity strategies, token incentives and the recent Echo.xyz sale• How N1 will differentiate itself from Hyperliquid and packed DeFi markets• What retail traders can expect on day one🔔 Subscribe & turn on notifications so you never miss our DeFi deep dives.Quick links• Website – latest articles & dashboardshttps://leviathannews.xyz [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqay0tb0RrZ2padUc0LUdWeUEzSTkycDR2RkhjZ3xBQ3Jtc0trLWhHY0p4MWZIcWZkVWVfVEtEXzBrMUFXSUVvVWdsSW40c1JMSWNvLV9iNTFOX2ZybU5ZVkpEX1R4NDB3ZEtqNGstZ19COVF2eF9GZFNSTHBHRF9uRXZKNHhnUDduWF9rVy1Zb0NPbll4NzE2V3lXYw&q=https%3A%2F%2Fleviathannews.xyz%2F&v=qvdn-IIdLt8]• Daily Newsletter (free) – crypto stories in 3 minhttps://leviathannews.substack.com [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbDZrQ1JxSmFJQUJyTk1RRkNjOEI2NE9KSG4tUXxBQ3Jtc0tuVnFpdXRxaDV1VmZsSnBEdFRkMGtzTzBpb1g1LUlLOGlxamRNUXpzcGZwY1p0MGMtcTFPT0kzbjZUQXYzNTBlSHo1aU1SQklLVTAydDVTOFdVVEYzMkFIZGtUSmxQRGFibWRvM2VOUjNiWGJaelFBdw&q=https%3A%2F%2Fleviathannews.substack.com%2F&v=qvdn-IIdLt8]• Telegram (12 k builders, live drops)https://t.me/+zqRS5HW8GlgzY2Ix [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3NsZ1F3Wjd0QlAweVlxR2dGS2J0Z29ZemotZ3xBQ3Jtc0trUW5FN2R6TTVJbWdnYzJfZ0ZvOXdlMlg3N2Z1SW01T1NYT3FMWkNDd3Jxa0Vsa1VtUVBRcXFibk5sR0xRdElXZnNYUkI4amdkQjhacXdSZHg5NkVSMmxyRG45LU5nRUFjN3RHUHA3Nzc1ZE9NSXkyOA&q=https%3A%2F%2Ft.me%2F%2BzqRS5HW8GlgzY2Ix&v=qvdn-IIdLt8]• Twitter / X – clips, charts, breaking threads  / leviathan_news   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVl6d2dCMWlqMWYzazhrUjBuSGZ6VDhLd1JYQXxBQ3Jtc0tra1FheFZaUXo4TEpDZmlnSEhHZ0dxNE5LOVBZY0lHeC1vaElyMUtOREE3dEhaNzdyNFRSU3ViRHBNOGxIel8zWnhVVXo5NGFBc3NCR1RSUFZDUlg0NUw1bVpKdGhQMEZsRC03aEtLZFIzMkVYbnQ0WQ&q=https%3A%2F%2Ftwitter.com%2FLeviathan_News&v=qvdn-IIdLt8]

Llama Party: The State of DeFi, with Sonic Labs and CrossCurve

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Understanding DeFi Lending with Keyring Network's Alex McFarlane

In this episode of Leviathan News, host Sam is joined by Alex McFarlane of Keyring Network to dive deep into the complexities of DeFi lending markets. They discuss the transformation of DeFi lending into institutional markets, and the crucial role of risk management. Alex explains how Keyring Network aims to bridge the gap between retail and traditional finance, emphasizing security and low-risk strategies using zero-knowledge proofs. They also explore the impact of stablecoin lending rates, the importance of compliance, and how to navigate the emerging institutional-focused lending providers. 00:00 Welcome to Leviathan News00:15 Recent Liquidation Event on Squid01:37 Introduction to Alex McFarlane and Keyring Network01:51 The Evolution of Defi Lending Markets02:53 Keyring Network's Unique Approach05:30 Defi Lending Popularity and Economic Activities08:47 The Role of Collateral and Leverage in Defi15:42 Institutional Interest in Defi Lending18:59 Risk Management in Defi Lending28:12 Emerging Institutional Defi Platforms31:33 Introduction to Points Programs and Incentives32:21 The Importance of Incentivized Pools33:02 Challenges in DeFi Lending and Borrowing34:54 Operational Risk and TVL in DeFi42:01 Comparing DeFi Lending to Traditional Lending49:35 The Role of Compliance in DeFi57:31 Conclusion and Future of Permission Markets

Llama Party feat. Scoopy Trooples of Alchemix

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