U.Today – Here are the top three news stories from the last weekend of September, take a look!
Former Binance CEO CZ speaks out after prison release
Following his recent release, former Binance CEO Changpeng Zhao (commonly referred to as CZ) took to the X platform to share his reflections on his initial days of freedom and his future aspirations. In his post, CZ expressed his delight in enjoying food and the “luxury” of having access to “more than one piece of fruit” each day. He expressed gratitude towards the crypto community for their support, which he credited for helping him during his “darkest moments.” CZ mentioned he requires some downtime before deciding on his next steps. He also shared updates about his ventures, stating that his new educational initiative, Giggle Academy, is progressing well and will play a pivotal role in his life. Additionally, he is in the process of writing a book, a task he has found to be more demanding than he anticipated.
Michael Saylor’s astonishing 99% Bitcoin prediction leaves crypto enthusiasts amazed
In a recent post on X, Michael Saylor, a prominent Bitcoin advocate and co-founder of MicroStrategy, unveiled a BTC prediction that has garnered significant attention within the crypto community. According to Saylor’s projection, “99% of Bitcoin will be mined by January 2, 2035.” Currently, approximately 94.1% of Bitcoin’s total supply of 21 million has already been mined, leaving around 1.24 million BTC yet to be generated. This forecast implies a considerable increase in mining activity over the coming decade, potentially resulting in nearly 5% more Bitcoin being mined sooner than anticipated. Achieving 99% of Bitcoin mined early could create scarcity for the remaining supply, possibly driving prices higher as demand exceeds supply. Furthermore, the landscape of Bitcoin mining may undergo significant changes, as miners will need to adjust to reduced rewards for creating new blocks.
XRP price breaches critical threshold, signaling potential for bullish momentum
On Sunday, September 29, XRP surged past the essential 200-day moving average, indicating a strong bullish outlook among traders. This upward movement, which involved an 8.47% increase, pushed XRP’s price from $0.5871 to $0.638, with analysts forecasting further gains. Despite a slight downturn in the overall crypto market, XRP’s robust performance might suggest that investors are anticipating forthcoming news that could impact its value. The token also surpassed a significant dynamic resistance level, traditionally important for its price trends. Sustaining a position above this level could pave the way for additional growth and potentially propel XRP into an ultra-bullish trend. Presently, XRP is trading at $0.623, down 3.61% in the last 24 hours, according to CoinMarketCap.