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

Blockchain

Bitcoin

The blockchain’s decentralized nature and the cryptographic algorithm is close to impossible for attacks. Yet, some blockchains still fall victim to 51% attacks. Read on to find out just how a 51% attack happens.

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The blockchain’s decentralized nature and the cryptographic algorithm is close to impossible for attacks. Yet, the Ethereum Classic falls victim to this malicious with an estimated loss of $1.1million for the 51% attack. So, what is a 51% attack, and how it happens?

A 51% attack (51 percent attack) is a type of blockchain infiltration that can cause network disruption and, eventually, mining monopolization. This attack occurs when a miner, an organization, or a single entity gains over 50% majority control of the 

 or computing power runs on the blockchain’s network.

As a result of the attack, the attackers acquired access to prevent miners from mining, cancel transactions, and ultimately run off with stolen coins that have never belonged to them.

 is hijacked, the attacker would have sufficient mining power to modify a transaction. That means an ordering transaction can be modified, and all mining activities can be put at a halt. That’s precisely how a 51% attacker reverses a transaction that causes double-spending within the blockchain.

Let’s say the attacker spent 1 BTC in exchange for a product, so in reality, the blockchain should record the transaction. However, a 51% attacker can trigger a refund by reversing a transaction to own both the BTC and the product. 

A 51% attack works by overruling an existing network to take over the set security protocols. These impacts may or may not be severe, but it all boils down to the power of attackers hold.

So, the more percentage of hash power the attackers have, the easier it is to carry out the attack. Ultimately, the damages are more consequential. Here’s an overview of how 51% work on Blockchain and Bitcoin.

When a single entity overrules the computing power on the blockchain, a 51% attack can be initiated. When the attack infiltrates the hash power on Bitcoin, an individual can delay new transactions and eventually manipulate the use of the same coin multiple times. 

Since blockchain uses a Proof-of-Work (PoW) consensus mechanism to validate transactions, these disruptions delay the confirmation and arrangement of blocks in chronological order by miners. So, let’s say a miner’s computing power is decreased, the confirmation of a transaction to be arranged in a block is delayed. Hence, the blockchains network is corrupted. They are thereby allowing the attackers to solve the equations faster than a miner.

As a result, the attacker gained control to reverse an unconfirmed transaction to double-spend a coin. On top of that, the attackers are also earning miner rewards that are intended to compensate miners for updating a blockchain. And that’s precisely what happened to Ethereum Classic (ETC) and Bitcoin Cash (BCH).

Yes, a 51% attack does harm miners, and the blockchain network’s disruption proves that vulnerability exists. However, 

. In fact, this attack can be beneficial when it’s analyzed from different perspectives. 

It’s clear the hashing power of Bitcoin comes from the contribution from participants that share the same goal, and these individuals are logical when making a decision. However, there is still a risk of collusion to shift the hashing power distribution when price discrimination happens. That’s how other individuals might benefit from the power shift or at least to extricate from significant losses. 

While the underlying POW might remain resistant for blockchain such as Bitcoin, smaller projects like ETC are otherwise. That’s because an entity that plans on attacking Bitcoin would need an enormous amount of money to gather mining equipment to generate sufficient computing power to mine a Bitcoin. So, even Bitcoin is under a 51% attack; the manipulation is unprofitable. 

As dangerous as this attack could be, some measures are on a blockchain that are not penetrable.

The Difference Between a 51% Attack vs. 34% Attack

The 34% and 51% attack possesses the same threat to the blockchain and ultimately controls the mining power. But what differentiates these two attacks is that a 34% attack uses the 

 by manipulating the blockchain ledger to approve or disapprove a transaction.

On the contrary, a 51% attack gives the attacker full control of the blockchain network that could halt any minings or reuse a coin effectively.

Which Blockchain Platforms Have Suffered From a 51% Attack?

Theoretically, Bitcoin and Ethereum blockchain are more resistant to a 51% attack than smaller projects. Still, many projects remain vulnerable to this attack. Here are some of the platforms that had suffered from this attack. 

According to the recent news, the privacy-centric crypto network GRIN was infiltrated by a 51% attack. An anonymous entity had gained a total of 

 recently on 7th Nov 2020, resulting in a quick payout stopped. 

As an ASIC mining monopolizing resistant cryptocurrency, the multiple 51% attacks occur on VTC came as a surprise. In October and December of 2018, 

 by an entity that gained sufficient computing power from Nice Hash. As a result, VTC reorganized over 300 blocks on the VTC network and another 600 blocks hard fork.

In May 2018, BTG was double spent, totaling 12,239 BTG ($18 million). Recently in late January, Bitcoin Gold fell victim again to the 51% attack and eventually suffered from 

 within a span of two days. The attack was a result of two profound blockchain reorganizations (reorgs) that were removed. 

The ETC blockchain has suffered not one but three 51% attacks within a month. Each of the attacks happened in the month of August 2020, including the first one that took place on 

 respectively. This attack has even led crypto exchange Coinbase to halt all ETC deposits and withdrawals.

A 51% attack prey on cryptocurrencies using a consensus algorithm based on Proof-of-Work (PoW). While the best defense to this attack is the use of Proof-of-Stake (PoS) consensus. That’s precisely what 

When using the PoS algorithm, validators can mitigate infiltration risks by maintaining the network’s operational capabilities. For example, PoS helps to limit the amount of 

. So, even if the 51 percent attack is possible, an entity would require a fork out a large sum of fiat for cryptocurrency initially to dominate the system. Looking closer at 51% attack, the possibility of a PoS crypto be a target is unlikely because the profitability is horrendous.  

What Are The Odds for a 51% Attack to Reoccur?

However, a 51% attack is valid and likely to reoccur, given that there is a bug in the blockchain codes. When such an event happens, an attacker can disrupt the blockchain to produce new blocks faster to initiate the attack. Overall, this attack may happen again, but the Bitcoin blockchain is much more resilient. 

Any uprising technology, including blockchain and cryptocurrency, may experience all kinds of risks and vulnerabilities. That’s precisely why we need to know what is a 51% attack.

While more technology promises to circumvent this inadequacy, cyber infiltration is still inevitable. On the bright side, such attacks give the industry and companies legitimate reasons to learn and improve for the best. So, let’s see what the future holds for this continuously changing industry. 

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Explained: What Is A 51% Attack on Blockchain and Bitcoin?

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