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Glassnode: XRP futures open contracts rise 41.6% in one week, surpassing $1 billion

2025-05-13 09:15

According to Glassnode data, open XRP futures contracts have surged by over $1 billion in the past week, from $2.42 billion to $3.42 billion, up 41.6%, according to Foresight News. The significant increase in leverage ratio is consistent with the trend of XRP price rising from $2.14 to $2.48, indicating active speculative activity and increasing directional beliefs.

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Today 2025-05-13

14:54

Founder of Confirmation: The success of L2 is beneficial for ETH

According to Foresight News, Nick Tomaino, founder of 1confirmation, stated in an article that many people still believe that Ethereum's Layer 2 solution will harm ETH, but L2 helps promote encrypted applications to become independent application chains, giving developers more autonomy while distributing ETH and enhancing the EVM developer ecosystem. In addition, an increase in L2 activity can also lead to the destruction of ETH, thereby reducing supply.

14:51

Bitwise CIO: Coinbase may become the next trillion dollar company

According to BlockBeats, on May 13th, Bitwise Chief Investment Officer Matt Hougan said, "If I were to choose a company with a current market value of less than $100 billion but the most likely future market value to exceed $1 trillion, I would choose Coinbase, which has a current market value of $61 billion

14:51

Morgan Stanley's head of digital asset markets resigns and plans to establish a cryptocurrency company in Switzerland

Foresight News reported that Andrew Peel, head of digital asset markets at Morgan Stanley, has resigned and plans to establish a cryptocurrency company in Switzerland. The joint venture will focus on tokenized funds and trading tools that connect traditional finance and DeFi. Andrew Peel plans to start raising funds soon.

14:47

BTC falls below the $103000 mark

OKX-BTC/USDT is currently trading at $103131.40, a decrease of 0.10% in 24 hours. Please pay attention to market fluctuations.

14:42

Analyst: Coinbase has released 9739 bitcoins, and institutional demand for Bitcoin is accelerating

BlockBeats News: On May 13th, Andr é Dragosch, Head of European Research at Bitwise, announced that 9739 bitcoins had just been transferred out of Coinbase, setting a record for the highest net outflow of the year. The demand for Bitcoin from institutions is accelerating.