Galaxy Digital, owned by billionaire Mike Novogratz, received an upgrade to its buy rating from a major financial firm.

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The SEC has launched proceedings to assess Nasdaq’s proposed rule change that 
would allow in-kind creations and redemptions for Blackrock’s Bitcoin ETF. SEC 
Reviews Nasdaq’s In-Kind Rule Change for Blackrock Bitcoin ETF The U.S. 
Securities and Exchange Commission (SEC) issued an order on May 13 to commence 
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BTCS Inc. has arranged a financing facility of up to $57.8 million to purchase 
ether as part of its blockchain infrastructure expansion strategy, the company 
announced Wednesday. BTCS Eyes Ether Accumulation The Maryland-based 
blockchain firm, BTCS Inc. (Nasdaq: BTCS), issued an initial $7.8 million in 
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Top Blockchain Projects of 2025: Binance, Sui, droppGroup, RECRD, and More According to CredibilityX

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.