U.Today – U.Today has prepared the three most important news stories of the last day.
5 signs that a bull run is coming in September
In a recent thread on X, experts from AI-powered on-chain analytics platform Spot On Chain have offered their insights on why Bitcoin could be in for a positive September this year. According to them, there are five reasons to believe so, with the first being a curious trend: nearly 43% of negative Augusts have been followed by positive Septembers, implying the possibility of a rally 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 the possibility of a new wave of investment in Bitcoin ETFs. Last but not least is the combination of factors that could spur BTC buying (possible Fed rate cut, FTX returning $16 billion in cash, growing political support for favorable cryptocurrency regulations in the US)
unlocks 1 billion XRP tokens
According to a recent report by Wu Blockchain, citing crypto portfolio tracking platform Whale Alert, on September 1, fintech giant Ripple unlocked 1 billion XRP tokens from rDqGA…mKxEsF in three transactions. The value of the unlocked tokens is estimated to be over $560 million. Both explorers XRPSCAN and Bithomp flagged the aforementioned address as an official Ripple address. In 2017, the firm made the decision to place a total of 55 billion XRP tokens into various escrow wallets. To make the supply of XRP more predictable, they began releasing 1 billion XRP tokens every month. However, the actual number of tokens that enter circulation often ends up being lower than this set amount. As Ripple CTO David Schwartz explained, XRP tends to stay in expired escrow until someone (anyone) cancels it. “Many escrow deposits are split into multiple escrow deposits that mature at the same time for administrative convenience,” he added.
The main game (SHIB) is released on the App Store: details
The Shiba Inu project is expanding its reach to iOS users, working to improve user experience and engagement. As highlighted in a recent PlayWithShib announcement at X, iPhone users can now download the Agent Shiboshi game directly from the App Store, allowing them to dive into thrilling gameplay. The game was previously offered to Android users, and following its positive reviews and hype, the project decided to “bring the action” to iPhone users. In this fantasy-driven game of violence, players take on the role of Agent Shiboshi, the hero tasked with defeating enemies known as the evil Shadowcats. The action game challenges players’ aiming and shooting skills. While the game is available on iOS, it is only compatible with devices running iOS 13.0 or later, including iPhones, iPads, and iPod touch.
This article was originally published on U.Today
