Crypto News Digest by U.Today

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Here are the top three news stories from the final weekend of September!

Former Binance CEO CZ Breaks Silence After Release from Prison

Following his recent release from prison, Changpeng Zhao, commonly known as CZ, the former CEO of Binance, shared his first detailed reflections on his experience as a free man through a post on the X platform. He expressed his enjoyment of food and the “luxury” of being able to have “more than one piece of fruit” each day. CZ extended his gratitude to the crypto community for their support, noting that it helped him remain strong during his “darkest moments.” He mentioned the need for some rest before determining his next steps. In addition, CZ provided brief updates on his initiatives; his new educational project, Giggle Academy, is progressing well and is expected to play a significant role in his future. He is also working on a book, which he found to be more time-consuming than he anticipated.

Michael Saylor’s Bold 99% Bitcoin Prediction Surprises Crypto Enthusiasts

In a recent post on X, Michael Saylor, a prominent advocate for Bitcoin and co-founder of MicroStrategy, made a striking prediction about Bitcoin that garnered significant attention in the crypto community. He forecasted that “99% of Bitcoin will be mined by January 2, 2035.” Currently, approximately 94.1% of Bitcoin’s maximum supply of 21 million has already been mined, leaving around 1.24 million BTC still to be created. This prediction indicates a notable increase in mining activity over the next decade, potentially resulting in nearly 5% more Bitcoin being mined ahead of schedule. Such early achievement of 99% mined Bitcoin could create scarcity in the remaining supply, likely driving prices up as demand exceeds availability. Additionally, the dynamics of Bitcoin mining may undergo significant changes, with miners needing to adjust to reduced rewards for creating new blocks.

XRP Price Breaks Critical Level, Potentially Igniting Bullish Momentum

On Sunday, September 29, XRP surged past the important 200-day moving average, indicating a strong bullish sentiment among traders. This upward movement, propelled by an 8.47% increase, raised XRP’s price from $0.5871 to $0.638, with analysts forecasting further gains. Although the broader crypto market experienced a slight pullback, XRP’s robust performance may suggest that investors are positioning themselves ahead of expected news that could influence its price. The token also surpassed a key dynamic resistance level, which has historically been significant for its price trends. Sustaining a position above this level could lead to continued growth and potentially push XRP into an ultra-bullish phase. Currently, XRP is trading at $0.623, reflecting a decrease of 3.61% over the past 24 hours.

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