Crypto News Today 13th May : Bitcoin and Ethereum Price Today, XRP News, CPI Report

XRP is heating up! Futures Open Interest has soared by $1 billion in just a week, jumping from $2.42B to $3.42B—a 41.6% spike. This surge in leverage aligns with XRP’s price rally from $2.14 to $2.48, signaling rising speculative bets and strong directional conviction. Traders appear increasingly bullish, with the market gearing up for potentially explosive moves ahead.

Backpack Exchange has unveiled its upgraded lending services for SOL and USD. Users can now earn up to 10% APY on flexible SOL deposits, combining native staking and lending rewards. Additionally, USD lending offers a competitive 5.25% APY, which includes a 3.8% boost from U.S. Treasury yields. This move positions Backpack as a key player in delivering secure, high-yield opportunities to crypto users seeking passive income.

As Bitcoin Treasury Companies emerge globally, acting as perpetual HODL liquidity vacuums in regulated markets, the possibility of another Bitcoin crash feels increasingly unlikely. With Bitcoiners at the helm, this might be the beginning of the ultimate bull market. The Omega Bull could be here to stay.

Bitcoin continues to mirror the global M2 money supply with a surprising 70-day lag. First charted last July, this relationship has held unexpectedly strong, even though M2 isn’t the most accurate money supply indicator. Bitcoin is now soaring past $104k.

YZi Labs (formerly Binance Labs) is accepting applications for EASY Residence, a 10-week in-person program for top Web3, AI, and healthcare founders. Selected startups receive $500K—$150K for 5% equity and $350K via an uncapped SAFE. YZi covers housing, food, and daily support so founders can focus on building. Apply by May 21, 2025, 23:59 GMT-7.