BTCS Inc., a Nasdaq-listed blockchain technology company, plans to buy up to $57.8 million worth of Ethereum as it looks to mirror MicroStrategy’s Bitcoin accumulation. U.S.-based BTCS is looking to execute this initiative via the proceeds of a convertible notes…

Ethereum bet: BTCS raises $57.8m to mirror Strategy’s crypto play

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XRP’s price has climbed to $2.61 in the last 24 hours, and has been able to 
keep a steady pace, registering a 22% gain over the past seven days. Traders 
are piling into futures contracts. A notable performance has been in the Open 
interest department, which jumped by more than 40%. Related Reading: Avalanche 
Rumbles 21% Amid Record-Breaking Address Activity Rising Futures Activity 
According to Glassnode data posted on May 13, futures open interest for XRP 
surged from $2.42 billion to $3.42 billion in just one week. That $1 billion 
increase represents a nearly 42% rise in active contracts. When both price and 
open interest climb, it usually means new money is coming in and that traders 
expect more upside. $XRP Futures Open Interest has surged by over $1B in the 
past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in 
leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated 
speculative activity and growing directional conviction, 
pic.twitter.com/QbsaOM9oxE — glassnode (@glassnode) May 13, 2025 Price Versus 
Market Gains Based on reports, XRP’s one‑week gain outpaces the broader 
cryptocurrency market, which has risen about 12% over the same period. A 
near‑20% jump is no small feat when most major coins are up in the low double 
digits. Traders see XRP as one of the stronger performers right now, and they 
are betting accordingly. Momentum Indicators Point Up XRP is trading higher 
than its 10‑, 50‑ and 200‑day moving averages. That indicates short‑term and 
long‑term trends are both in favor of buyers. The relative strength index is 
at 68, which is just short of the overbought zone. There is still space for 
the rally to continue before reaching a ceiling. The moving average 
convergence divergence has also crossed higher, suggesting continued upward 
momentum. Institutional Demand Grows Meanwhile, the XXRP ETF has drawn inflows 
for five straight weeks. Last week, it added $14 million in new money, up from 
$10 million the week before. The fund now holds almost $100 million in assets. 
Even with a 1.80% annual fee—almost twice that of some Bitcoin ETFs—investors 
still see value in a product tied to XRP. Odds And Projections Based on 
market‑prediction platforms like Polymarket, there is an 79% chance the US 
Securities and Exchange Commission will approve spot XRP ETFs soon. According 
to JPMorgan analysts, these ETFs could attract as much as $8 billion in the 
first year—more than what Ethereum funds saw after their September 2024 
launch. That kind of demand could slingshot XRP even higher. Related Reading: 
Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling 
Outlook And Risks Rallying price action, growing open interest, and steady ETF 
inflows make a bullish case. Fast gains could just as easily fade away if 
traders lock in profits; a drop through the 50-day average would serve as a 
warning signal. Regulatory delays or a broader sell-off in crypto could derail 
the rally as well. For now, XRP sits atop its key averages and sees fresh 
capital coming in. Many traders and institutions are leaning bullish. Yet 
anyone getting involved should watch the technical levels and keep an eye on 
news about spot ETF approvals. If those pieces fall into place, XRP could be 
set for another leg up. But if markets cool off or regulators hit pause, the 
run may stall. Featured image from Gemini Imagen, chart from TradingView

XRP Frenzy Builds: Over $1 Billion in Open Interest Signals Breakout Tension

**Key Takeaways:**
 * Dogecoin&#8217;s active addresses surged 528% to 469,477.
 * DOGE&#8217;s futures open interest rose 70% to $1.65 billion, indicating strong speculative interest.
On May 13, Dogecoin (DOGE) witnessed a staggering 528% increase in active 
addresses, soaring from 74,640 to 469,477, signaling robust network activity 
and growing investor interest. This surge followed an update to 21Shares&#8217; 
filing for a spot Dogecoin ETF, receiving acknowledgement from the US 
Securities and Exchange Commission (SEC). The financial services firm 
confirmed the development on X on May 14.
_Dogecoin active addresses. Source: Glassnode_
The filing, which aims to track DOGE&#8217;s price, aligns with similar efforts by 
Bitwise and Grayscale, hinting at potential mainstream adoption. This news 
fueled market optimism, leading to a rise in the memecoin&#8217;s network activity.
Adding to the momentum, Glassnode reported that DOGE futures open interest 
rose 70% over the past week, climbing from $989 million to $1.65 billion, 
despite a price pullback from recent highs. This decoupling of open interest 
and price suggests persistent speculative positioning, a trend Glassnode noted 
as &#8220;worth monitoring&#8221; for potential volatility.
_Dogecoin futures open interest. Source: Glassnode_
DOGE has also seen strong spot-buyer demand, and Cointelegraph reported that 
DOGE&#8217;s spot taker 90-day cumulative volume delta (CVD) is currently &#8220;taker 
buyer dominant,&#8221; reflecting more aggressive buying than selling since early 
March.
This pattern preceded a 385% rally to $0.48 in Q4 2024. Additionally, the 
long-term holder net unrealized profit/loss (NUPL) for DOGE holders (holding 
at least 155 days) recently surpassed 0.5, indicating an optimistic &#8220;belief&#8221; 
sentiment.
With the network&#8217;s activity booming, speculative interest rising, and spot 
buyers dominating, Dogecoin&#8217;s market dynamics are setting the stage for a 
potential price run to its range highs.
_**Related: Price predictions 5/14: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, 
LINK, AVAX**_
## Dogecoin price targets $0.40
Crypto analyst Trader Tardigrade noted that DOGE has hit a key resistance 
level around $0.24, with a brief consolidation expected over the next few 
days. A breakout above this resistance could propel DOGE to $0.40, signaling 
healthy upward momentum.
_Dogecoin analysis by Trader Tardigrade. Source: X.com_
Meanwhile, Dogecoin proponent Kriss Pax highlighted an inverse head-and- 
shoulders pattern on the 1-day chart, suggesting a potential surge to $0.42 
with the pattern reflecting a bullish breakout. The trader said,
&gt; &#8220;Stuck between $0.22 and $0.25. Opportunities for buying dips will come. 
&gt; Some will swing trade. But when $DOGE decides to take off, you will want to 
&gt; be on board.&#8221;
_**Related: Bitcoin bulls aim for new all-time highs by next week as capital 
inflows soar**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Dogecoin active addresses surge by 528% — Will DOGE price follow?

Hedera, the public distributed ledger platform, announced the launch of AI 
Studio, an open-source toolkit for building trusted artificial intelligence 
(AI) applications on its network, during a May 14 event in Toronto. Open- 
Source AI Toolkit Launched by Hedera for Developers Hedera&#8217;s modular platform 
enables developers and enterprises to create intelligent systems with task 
automation, AI-driven […]

Hedera Unveils AI Studio to Build Trusted AI Applications

**Key takeaways:**
 * A longer-term ETH price rally is dependent on SEC approval of in-kind ETF creation and staking to attract more investors. 
 * AI adoption and Ethereum layer-2 growth must drive onchain activity to restore the network&#8217;s deflationary burn mechanism.
Ether (ETH) surged 43.6% between May 7 and May 14, but its current price of 
$2,600 still falls short of the 2021 peak of $4,868. Some analysts argue that 
the current bullish momentum is &#8220;just the beginning of a much larger and 
aggressive uptrend,&#8221; raising the likelihood of a near-term rally to $5,000.
However, the catalysts for a new ETH all-time high in 2025 remain uncertain, 
particularly in the face of intensifying competition.
_Source: X/__AdrianoFeria_
According to X user AdrianoFeria, ETH is &#8220;the best candidate for institutional 
diversification&#8221; since professional fund managers appreciate &#8220;similar levels 
of regulatory clarity and accessibility&#8221; through multiple spot exchange-traded 
funds (ETFs), although recent data hasn&#8217;t been especially encouraging.
## Ether remains the sole alternative to spot Bitcoin ETFs
Between May 12 and May 13, US-listed Ether ETFs saw net outflows of $4 
million. The size of the Ether ETF market is 92% smaller than Bitcoin&#8217;s $121.5 
billion, highlighting a clear lack of institutional appetite for ETH-based 
products. This has led some traders to question whether Ether can truly gain 
traction among professional investors.
_ETH/USDT vs. competitors XRP, TRX, BNB, ADA. Source: TradingView / 
Cointelegraph_
While competing cryptocurrencies have outperformed ETH in 2025, their chances 
of being included in US state-level digital asset reserves have plummeted. 
This follows President Trump&#8217;s decision on March 2 to distance himself from 
lobbyists supporting XRP, SOL, and ADA. The &#8220;Digital Asset Stockpile&#8221; 
executive order issued on March 6 was notably more cautious, drawing a clear 
line between Bitcoin (BTC) and other altcoins.
Ether&#8217;s best-case scenario may involve a lack of direct ETF competition, which 
would depend on the US Securities and Exchange Commission rejecting several 
pending applications. Analysts also suggest that Ether ETFs could gain 
momentum from in-kind creation and staking approvals&#8211;developments considered 
highly likely before year-end, according to Bloomberg Intelligence analyst 
James Seyffart.
## &#8216;Pectra&#8217; upgrade improved scalability, setting the stage for AI adoption
Previously hailed as the answer to Ether&#8217;s monetary policy, the built-in burn 
mechanism introduced in 2021 was designed to reduce supply growth based on 
network demand. However, the shift in focus toward scalability through rollups 
has largely offset its deflationary impact. As a result, a significant 
increase in onchain activity is now required for Ether to become deflationary 
once more.
_Ethereum rollups ranked by 30-day transactions. Source: L2Beat_
The recent &#8216;Pectra&#8217; upgrade has improved data transmission efficiency, setting 
the stage for enhanced scalability. Layer-2 network activity rose 23% compared 
to the previous month, with the Base network taking the lead at 244.2 million 
transactions in 30 days, according to L2beat. If this momentum holds, it could 
generate sustained demand for ETH and help further differentiate Ethereum from 
rival platforms.
_**Related:**__**Ethereum retakes 10% market share, but ETH bulls shouldn&#8217;t 
celebrate yet**_
 _Source: X/__econoar_
The path to a $5,000 ETH price remains uncertain, but artificial intelligence 
may serve as a powerful catalyst. Ethereum advocate Eric Conner observed that 
ChatGPT prefers Ethereum&#8217;s layer-2 infrastructure for managing funds via 
multisignature contracts, allowing autonomous agents to pay merchants, settle 
balances, and allocate surplus into decentralized finance applications.
Although it is difficult to predict whether the AI-driven trend will fully 
develop, the potential for smart contract activity to increase tenfold from 
current levels is within reach. This growth could make a new all-time high for 
ETH in 2025 achievable, especially if institutional interest accelerates 
following long-awaited regulatory changes.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.