Oct 1 2024: brings you the top three cryptocurrency stories from the last weekend of September. Here’s what you need to know:
Former Binance CEO CZ Speaks After Prison Release Changpeng Zhao, commonly known as CZ, the former CEO of Binance, has broken his silence following his recent release from prison. In his first detailed post on the X platform, CZ reflected on his early days of freedom, expressing appreciation for simple pleasures like enjoying a variety of food. He also thanked the crypto community for its unwavering support during his darkest times. Zhao shared that he will take some time to rest before planning his next steps. Among his updates, CZ mentioned that his educational project, Giggle Academy, is thriving and will continue to play a significant role in his future. He is also working on completing a book, which he found to be more time-consuming than anticipated.
Michael Saylor Stuns with 99% Bitcoin Mining Prediction Michael Saylor, the cofounder of MicroStrategy and a prominent Bitcoin advocate, recently made an eye-catching prediction about Bitcoin’s future. In a recent post on X, Saylor forecasted that “99% of Bitcoin will be mined by January 2, 2035.” Currently, around 94.1% of Bitcoin’s maximum supply of 21 million has been mined, leaving just over 1.24 million BTC still to be created. Saylor’s prediction implies a rapid acceleration in Bitcoin mining over the next decade, which could lead to scarcity and potentially drive prices higher as demand outweighs supply. The prediction also points to significant changes in Bitcoin mining dynamics, as miners face reduced rewards for creating new blocks.
XRP Breaks Key Resistance, Signaling Potential Bullish Rally On Sunday, September 29, XRP surged above the critical 200-day moving average, signaling growing bullish momentum. The cryptocurrency experienced an 8.47% rise, pushing its price from $0.5871 to $0.638. Analysts suggest this move could signal further gains, as XRP also broke a key dynamic resistance level that has historically influenced its price. While the broader crypto market saw some pullback, XRP’s performance may indicate anticipation of upcoming news that could positively impact its value. Currently, XRP is trading at $0.623, down 3.61% in the past 24 hours, according to CoinMarketCap. Maintaining its position above the key level could trigger an ultra-bullish phase for XRP.
