News

According to Jin10, Wells Fargo senior economist Sarah House stated, "As we enter 2025, we may see a slowdown in the pace of future rate cuts. The Federal Reserve might cut rates every other meeting." Her team predicts that the Fed will cut rates three times in 2025. Despite disagreements among policymakers on specific details, Wall Street economists generally believe that the current rapid pace of Fed rate cuts will not continue. Additionally, according to data from Bloomberg, the market currently expects the Fed to cut rates about twice in 2025. The Federal Reserve will release updated forecasts on December 18th.

On November 29th, BitMEX Research posted on the X platform that the court has rejected the appeal in the case between “Satoshi Ausbon” Craig Wright (CSW) and the Crypto Open Patent Alliance (COPA), and that if CSW wishes to pursue the case further, his only recourse is now the UK's Supreme Court.1. Following CSW's defeat, the court subsequently issued several injunctions against CSW, requiring him to refrain from taking or threatening to take legal action on the grounds that he is Satoshi Nakamoto. 2;2. despite the injunctions, CSW appears to have violated this by launching a massive lawsuit in the United Kingdom against Bitcoin developers and more than a hundred cryptocurrency companies. He's sued for over $1 trillion, and CSW is still claiming to be Satoshi Nakamoto in the new case;3. the COPA subsequently claimed that this new case violated the injunction and that the case has been suspended until the outcome is determined, and if the case does violate the injunction, it may be dismissed;4. on December 18, 2024, a one-and-a-half day hearing will be held in London to determine whether the injunction has been violated and whether CSW is in contempt of court as a result. On Wednesday this week, the judge asked CSW to attend the hearing in person.5. At present, there is considerable uncertainty as to whether CSW will attend the hearing or remain in hiding in the Far East. In any case, we predict that he will not attend. His absence may be treated unfavorably by the judge.