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- 23:08UK Supreme Court rejects appeal in $13 billion BSV caseAccording to ChainCatcher, market sources report that last week the UK Supreme Court rejected an appeal filed by BSV investors in a case where the investors sought over $13 billion in claims from a well-known crypto exchange. This appeal originated from losses caused by the continuous decline in the value of BSV tokens after a certain exchange delisted BSV tokens in 2019. The latest legal proceedings and appeal permissions were handled by three court judges, who ultimately rejected the appeal. The appellant—BSV Claims Limited—claimed that the value of the token dropped immediately after being delisted, and its potential growth was hindered, causing token holders to suffer an “immediate and ongoing impact” as well as losses from the “missed growth effect.” In July 2024, the UK Competition Appeal Tribunal dismissed the appellant’s claim regarding the “missed growth effect,” rejecting the assumption that BSV would eventually grow to the same value as bitcoin. In May this year, the appellant attempted to raise this claim again, but it was once again rejected.
- 22:54PayPal launches PYUSD vault on Spark platformJinse Finance reported that PayPal has launched a PYUSD vault on the decentralized lending platform Spark, aiming to increase stablecoin deposits to 1 billion USD.
- 22:54The probability of the Federal Reserve keeping interest rates unchanged in January next year is 75.6%.Jinse Finance reported that according to CME "FedWatch": the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 24.4%, while the probability of keeping rates unchanged is 75.6%. By March next year, the probability of a cumulative 25 basis point rate cut is 43.5%, the probability of keeping rates unchanged is 47.5%, and the probability of a cumulative 50 basis point rate cut is 9.1%.