U.Today – U.Today presents the three most vital news from the last weekend of September, check them out!
Former Binance CZ CEO breaks silence after being released from prison
After recently being released from prison, former Binance CEO Changpeng Zhao (also known as CZ) published his first long post on the X platform, in which he shared his impressions of his first days as a free man, as well as his plans for the future. The posts begin with CZ raving about the taste of the food and the “luxury” of being able to eat “more than one fruit” a day. He then thanked the cryptocurrency community for their support, saying it kept him forceful in his “darkest moments.” The former president wrote that he currently needs a moment of rest and then he will consider the next steps. CZ also provided some quick updates on some of its initiatives; his up-to-date educational project, Giggle Academy, is doing “well” and will play a significant role in his life. He is also in the process of finishing the book, which turned out to be more time-consuming than he expected.
Michael Saylor’s epic 99% prediction stuns the crypto community
In a recent post on X, Michael Saylor, a vocal Bitcoin supporter and co-founder of MicroStrategy, shared a BTC prediction that caught the attention of cryptocurrency enthusiasts. According to Saylor’s prediction, “99% of Bitcoin will be mined by January 2, 2035.” Currently, approximately 94.1% of Bitcoin’s maximum supply of 21 million has been mined, leaving approximately 1.24 million BTC still to be produced. Forecasts suggest a significant enhance in mining activity over the next decade, which will lead to almost 5% more Bitcoin being mined sooner than expected. This early achievement of 99% of Bitcoin being mined could create a shortage of the remaining supply, potentially driving up prices as demand outstrips availability. Additionally, Bitcoin mining dynamics may change dramatically as miners will have to adapt to reduced rewards for generating up-to-date blocks.
price breaks a key level that can trigger ultra-bull mode
On Sunday, September 29, XRP broke above the critical 200-day moving average, signaling forceful bullish sentiment among traders. This bullish move, fueled by an 8.47% gain, pushed the price of XRP from $0.5871 to $0.638, with analysts predicting further gains. Despite a slight slowdown in the broader cryptocurrency market, XRP’s forceful performance may indicate that investors are ahead of expected news that could impact its price. The token also broke a key active resistance level that has been vital for price movements in the past. Maintaining a position above this level could lead to further growth and potentially push XRP into an ultra-surge phase. XRP is currently changing hands at $0.623, down 3.61% in the last 24 hours, according to CoinMarketCap.
