Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. 

The S&P 500 futures fall 1.5% amid US-China trade concerns and Fed warning; over 100 companies will report earnings this week. Gold hit a record ~$3,375, up 1.43%, on safe-haven demand amid tariff and geopolitical worries. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, rose 1.80% in the past 24 hours, while Bitcoin and Ether gained 2.70% and 3.41%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is STX, up 9.4%, following the announcement of Stacks gaining institutional support with major exchange listings and custodian backing.

Stacks (STX), founded in 2013, is a cryptocurrency project that enhances the Bitcoin blockchain by enabling decentralized apps (DApps) and smart contracts without altering Bitcoin's features. It operates as a Bitcoin Layer 2 (L2) blockchain, ensuring security through Bitcoin while allowing developers to build modular applications on top of the network. 

 with its listing on top 15 exchanges, the launch of the Grayscale STX Trust, and support from top-tier custodians like BitGo, Copper, and Figment.

Check out the latest prices, charts, and data of 

Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. This proposal is part of a broader trend, with Canary also seeking approval for ETFs based on assets like XRP, Solana, and Sui. The fund would aim to provide exposure to Tron’s price, but the SEC has yet to approve staking in crypto ETFs. This move follows the success of Bitcoin and Ethereum ETFs, which have attracted significant institutional interest.

During the week of April 14–18, 2025, U.S. Bitcoin spot ETFs recorded a modest net inflow of $13.7 million, entirely from non-GBTC products, as GBTC saw no activity. Since inception, total net inflows have reached $35.5 billion, with non-GBTC ETFs contributing $58.3 billion and GBTC experiencing $22.8 billion in outflows.

Orochi Network airdrop participants can now 

 their earned $ON tokens on the Monad Testnet to increase their Bonus Level and earn rewards faster. A minimum of 50 ON is required for the first claim, and subsequent claims have no minimum. New users can still join by signing up and starting the Prover. Daily check-ins open at 6 AM UTC and fill up quickly.

Beginner

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Canary Capital files for SEC approval of Tron ETF with staking benefits

There are a total of five ways you can buy USDC on Bybit: via Bybit P2P, Bybit One-Click Buy, Auto-Invest, Bybit Card and Bybit Convert. Learn more here.

 that maintains a 1:1 value with the US dollar through full reserves held in regulated financial institutions. This stability makes USDC an attractive option for traders looking to participate in the crypto market with reduced price volatility.

In this guide, we’ll explore the multiple ways to buy USDC on Bybit, detailing five distinct purchasing methods tailored to different preferences. You'll also discover practical applications for your USDC holdings, from trading opportunities to payment solutions and investment strategies.

Whether you prefer trading directly with other users or making quick purchases with a credit card, there's an option for you. Let's examine each method in detail.

 allows individuals and businesses to buy and sell USDC via peer-to-peer mode without intermediaries. You simply transact with another trader to purchase or sell your crypto with zero fees.

There are two main parties on the P2P platform — makers and takers. Makers place ads for buying or selling cryptocurrency, while takers are the users who place orders through the existing ads created by makers. Neither makers nor takers pay any fees on completed orders.

If you decide to go the P2P route to buy your USDC, you can either place a buy ad as a maker, or select an existing offer as a taker. Placing ads is completely free, although specific trading activity requirements exist. If you're a beginning trader on the platform, and want the easiest way to purchase USDC, selecting an offer from an existing ad as a taker is probably the preferred route.

If you need to trade USDC in large volumes (typically tens or hundreds of thousands of USDC per transaction), you may also choose to consider 

, which offers high order limits — up to $200,000 per order — as well as expedited transaction processing.

 feature to complete your USDC order efficiently. HotSwap combines offers from P2P traders with liquidity options from third parties, potentially delivering more choices and options.

Steps for buying USDC via the standard P2P option

2. How to buy USDC via Bybit One-Click Buy

The One-Click Buy service lets you quickly purchase crypto using several supported payment modes: P2P, bank card payments, third-party payments and your account's fiat balance. You can use a credit or debit card (including the Mastercard-powered 

), bank transfers, Apple Pay, Google Pay and other payment methods.

 is another way to purchase USDC on Bybit. The Auto-Invest option allows you to automatically buy crypto at regular intervals using the popular 

Bybit Card is a Mastercard crypto debit card that allows you to make online payments. The card is available to users in specific regions — EEA and CH, AIFC, Australia, Brazil and Argentina — with more locations to be added in the future. It's accepted by more than 90 million merchants within the Mastercard network. Upon successfully applying for your Bybit Card, you may proceed to 

 while you order and wait for your physical card to arrive. 

It's easy to buy USDC using the Bybit Card, as you enjoy reward features like loyalty points and cashback for USDC transactions. The steps for buying USDC using the Bybit Card are nearly the same as shown above in the One-Click Buy section, the only difference being that you'll need to specify your Bybit Card as the preferred payment method.

 lets you easily swap crypto assets without directly trading through the P2P route or other channels. Using Bybit's order books, the platform matches your order with current suitable orders and executes the requested swap. By leveraging Bybit's vast trading volumes and activity, Bybit Convert enables swift and efficient swaps.

If you have non-USDC crypto funds in your account, you can take advantage of the 

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

USDC is more than just a stablecoin for trading; it offers various applications within and beyond the Bybit ecosystem.

USDC serves as a reliable base currency for trading various cryptocurrencies on Bybit.

Trading with USDC helps mitigate volatility risks between trades, as its value remains stable at approximately $1, allowing traders to preserve capital during market downturns.

USDC has emerged as a popular payment method due to its stability and wide acceptance.

Platforms on which users can make USDC payments include Travala for travel bookings, Newegg for electronics, and various crypto-friendly merchants via payment processors, such as BitPay and Coinbase Commerce.

USDC offers various investment opportunities on Bybit and beyond.

The benefit of investing with USDC is that your principal amount remains stable while generating returns, which is particularly attractive in volatile market conditions.

USDC combines dollar stability with digital efficiency on the Bybit platform. This guide has detailed five ways to purchase USDC, and explored its versatile applications for trading, payments and investing. Armed with this knowledge, you can confidently navigate Bybit's ecosystem and make the most of what USDC has to offer.

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A complete guide on how to buy USDC on Bybit

Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

Advanced

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Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

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Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Bybit Guide

Bybit Trading Bot

Trading

The Bybit Futures Grid Bot is not like any other grid bot. With this handy grid bot, you can now easily make profits in all market conditions – sideways, ranging, uptrending, and downtrending.

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Grid trading is a trading strategy that is being increasingly adopted in the futures market. Thanks to the higher levels of trading automation available to the modern trader, futures grid trading, which lends itself extremely well to automation, has become a convenient way to earn profits with minimum time and effort required.

 now also includes a futures grid bot, an industry-leading product that helps you derive maximum benefit from automated futures grid trading. In this article, we will take a closer look at this product and detail the ways to maximize your profits when using it.

Grid trading is not a newcomer in the field of trading methodologies. However, the recent advances in trading automation and AI-based trading have made this trading strategy more relevant for a variety of traders, from beginners to experienced futures market players. In grid trading, you select a reference price for your target asset and place several order triggers above and below the price point.

The points above the reference price trigger short orders when the asset’s price touches them. Conversely, the price points below the reference price trigger long orders. The key rationale is pretty simple – buy low and sell high. In 

, the entire process of triggering short and long orders is automated.

The bot also has three pre-defined grid trading strategies –

– that you may choose to adjust your overall grid trading execution process. The Neutral mode is the classic way of how grid trading works. Under this mode, the bot will execute short orders when the price is 

 the reference point and long orders when the price is 

The Long and Short modes are modifications to the standard grid trading approach. In the Long mode, the bot will only execute long positions. Conversely, the Short mode will make the bot execute only short positions. As we cover different market scenarios below, you will see how the Long and Short modes become useful in 

When To Use Bybit Futures Grid Bot to Trade

You can easily use Bybit Futures Grid Bot to make profits in a variety of market situations – sideways markets, wildly oscillating markets, as well as markets that trend up or down.

Sideways markets are the ideal scenario for using the Bybit Futures Grid Bot. The entire principle of grid trading is based on taking advantage of price fluctuations in such markets. When the market is moving sideways, many other popular trading strategies, e.g., trend trading or 

, become less applicable. This is when grid trading takes the center stage and helps you earn profits in an otherwise uneventful market.

To earn during a sideways market, all you need to do is set your orders using Neutral mode and make profits from the orders placed within the fixed price.

Contrary to popular belief, grid trading’s usefulness is not limited to stable sideways markets. Oscillating markets are also a great environment to take advantage of the bot’s automated grid trading. These markets are characterized by large ups and downs, creating opportunities for even larger profit opportunities as you get to earn from multiple positions in a larger grid.

In these markets, simply ensure that you set your buy and sell order trigger points wide enough to capitalize on the larger swings.

The Bybit Futures Grid Bot is not just an ordinary grid automation platform. By offering adjusted grid strategies – the Long and Short modes – the bot provides you with something that has long been absent from the arsenal of grid traders – the opportunity to use this trading strategy in trending markets.

The standard grid trading becomes less useful when the market is trending upward. However, the Long mode of the Bybit Futures Grid Bot allows you to earn profits in an uptrend too. As this mode only executes long orders, the bot will protect you from shorting an asset that has entered an uptrend. Further, since you set a range at which you think the price will rise to instead of a specific price point, you get to earn more profits from the volatility arbitrages when the prices oscillate within the buy order range.

Downtrending markets have also long been considered a poor scenario to use grid trading. Not anymore with Bybit Futures Grid Bot! If you use the bot’s Short mode, you will protect yourself from long orders on assets that have joined the market in a downtrend. At the same time, you can earn more from the volatility arbitrages as well within the short-sell order range.

Bybit Futures Grid Bot may be used under various risk-reward scenarios - from conservative, low-risk trading to high-risk trading that tries to capitalize on significant volatility. Naturally, trading’s overarching principle—the higher the risk you are willing to take, the higher the potential profits you might earn, and vice versa—still applies. 

For low-risk traders, it is advisable to select a high-cap established coin, e.g., 

 (ETH), and take advantage of the relatively smaller price fluctuations of these “giant coins.” If, however, you prefer trading under a high-risk, high-reward scenario, you could choose a small-cap coin and capitalize on its wider price fluctuations. 

Below are some tips to help you maximize your profits while minimizing your risks when trading with the Bybit Futures Grid Bot.

Set Take Profits and Stop-Losses Carefully

In addition to fine-tuning your trading risk levels, ensure that you set appropriate 

 levels to automatically buy a position when a limit price is reached and sell a position when a certain amount of loss is met. This is of particular importance in grid trading. While grid trading allows you to earn great profits when the asset price bounces within a certain catchment range, you risk the possibility of the price breaking out of the range and trending beyond the expected levels. This risk is particularly relevant when you use the standard Neutral mode in the bot. When you set take-profits and stop-losses, you trade within your limits, thereby controlling your losses.

Futures trading using grids is often accompanied by the use of 

. For instance, Bybit Futures Grid Bot lets you access generous leverages of up to 20x (the default leverage level in the bot is 10x, adjustable up to 20x). While leverage is a great tool to capitalize on even the smallest of price fluctuations, it carries risks of its own. Thus, while using leverage to amplify your profits in grid trading, always ensure that you set your position sizes cautiously to avoid 

Many novice traders concentrate excessively on studying price charts and pay considerably less attention to fundamental analysis elements, such as following industry news and announcements. However, any experienced and successful trader knows the benefit of keeping abreast of industry news. These news might have a significant impact on the market and asset prices. If these news concern the leading coins, important regulatory changes, or other significant developments, the market might well change its direction or turn from a sideways hibernation to a strong trend. Such changes might require you to tweak the modes in your Bybit Futures Grid Bot.

Bybit Futures Grid Bot vs. Futures Trading: Which is Better?

You might be wondering why use Bybit Futures Grid Bot and not simply trade futures manually. While manual trading in futures is an option open to any qualified trader, the bot provides considerable advantages to users of all levels, from novice traders to experienced gurus. The key benefits of the bot over manual futures trading are:

Turning a profit with Bybit Futures Grid Bot is very easy, particularly for beginners, who can leverage the bot’s pre-set defaults. More experienced futures traders will also benefit from the time savings delivered by the automated trading process. Thus, regardless of your futures trading experience, the bot can help you turn profits, and it can do so under any market direction scenario! So sign up for a Bybit account and start using the 

How to Make Profits With Bybit Futures Grid Bot

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