As a seasoned researcher with a penchant for all things crypto and blockchain, I find myself intrigued by the recent developments in the digital currency world. The potential Bitcoin bull run this September is certainly an exciting prospect, given my history of watching the cryptocurrency market’s ups and downs.
U.Today has prepared the top three news stories over the past day.
5 signs Bitcoin bull run is coming this September
In a recent X thread, the experts at Spot On Chain, the AI-powered on-chain analytics platform, have offered their insights on why Bitcoin could see a positive September this year. According to them, there are five reasons to believe so, with the first one being a curious trend; nearly 43% of negative Augusts have been followed by positive Septembers, which implies the possibility of a rebound for Bitcoin. Second, major players have been reducing their sales recently. The German government, Mt. Gox and Genesis Trading have collectively sold a substantial amount of Bitcoin, totaling over 170,000 BTC in July and August. Third, long-term holders remain strong; in August, they increased their supply by 262,000 BTC, bringing their total holding to 14.82 million BTC, or 75% of the total supply. Fourth, there is a possibility of a new wave of investment into Bitcoin ETFs. Last, but not least, is the combination of factors that could stimulate BTC purchases (potential rate cut by the Fed, FTX paying back $16 billion in cash, growing political support for favorable cryptocurrency regulations in the U.S.)
Ripple unlocks 1 billion XRP tokens
Based on a report from Wu Blockchain, it was revealed that Whale Alert, a crypto wallet tracking platform, noted three transactions on Sept. 1st by Ripple, the well-known fintech company, which released one billion XRP tokens from the address rDqGA…mKxEsF. The value of these unlocked tokens is approximately $560 million. Both XRPSCAN and Bithomp explorers have identified this address as an official Ripple address. In 2017, Ripple made a decision to hold 55 billion XRP tokens in various escrow wallets. To maintain a more consistent XRP supply, they started releasing one billion XRP tokens per month. However, the number of tokens that actually enter circulation is usually less than this predetermined amount. As explained by Ripple CTO David Schwartz, XRP typically remains in the expired escrow until someone (anyone) cancels it. He also mentioned that multiple escrows are often split for administrative convenience, with these escrows expiring at the same time.
Major Shiba Inu (SHIB) game goes live on App Store: Details
The Shiba Inu project has broadened its accessibility to iOS device users, focusing on improving user interaction and enjoyment. As stated in a recent declaration by PlayWithShib on X, iPhone users can now download the game Agent Shiboshi straight from the App Store, enabling them to dive into thrilling gameplay. Previously, the game was accessible for Android users, and after receiving favorable feedback and excitement, the project decided to extend its reach to iPhone users. In this fantasy-violence game, players assume the role of Agent Shiboshi, a hero who must vanquish malevolent Shadowcats. The action-packed game tests players’ aiming and shooting abilities. However, please note that the game is only compatible with devices running iOS 13.0 or later, including iPhones, iPads, and iPod touch.
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2024-09-03 19:27