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.

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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

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Blockchain

Explainers

ERC-7660 is a new token standard for Ethereum meme coins, currently at the stage of pre-examination approval.

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 (DOGE), Elon Musk's favorite digital asset, 11 years ago, 

 have been a prominent and colorful part of the overall cryptocurrency ecosystem. Their popularity has surged in the last few years, first with the arrival of Dogecoin's archrival 

 (SHIB), and more recently with the growth of 

While meme coins can be a lot of fun and, in some cases, profitable investment, they’re also often associated with scams, 

 and obscure token distribution schemes. The proposed ERC-7660 

 (ETH) token standard and protocol is designed to support fair, equitable and transparent launches of meme coins. Introduced by the blockchain development outfit 

, ERC-7660 is probably the first structured attempt to bring standardization, better security and transparency to the 

 is a token standard for meme coins being developed for the Ethereum ecosystem by a blockchain development team, or possibly a sole developer, known as Benchmark Labs. 

It aims to make the launch and distribution of meme coins more transparent, fair, efficient and secure. This is potentially a critical development initiative — not only for Ethereum, but also for the entire blockchain industry — since meme coins are frequently associated with a variety of scams and obscure launch mechanisms.

 standard by introducing the functionality of a 

 period, which specifies a linear timed release of tokens over predefined periods controlled by the issuer. It also offers features such as prespecified token lockup periods, a sorter algorithm for optimal transaction handling, an efficient transaction fee collection mechanism and a low-cost 

As of mid-June 2024, ERC-7660 is at the stage of a proposal submitted to the Ethereum Foundation, the organization responsible for considering and approving any technical innovations or token standards for the blockchain. In late May 2024, the proposal passed its pre-examination stage, but has yet to be fully approved as a finalized token standard.

The first token launched using the ERC-7660 protocol is BENCH. Benchmark Labs introduced this token to demonstrate the features and functionalities of the new standard. So far, at least two more ERC-7660 tokens have also been launched. These are 

, the first ERC-7660 token launched after BENCH, and 

 (BABO). Naturally, being meme coins, both of these colorfully named cryptos have no specific practical utility.

ERC-7660 introduces several functionalities, among which a consensus period of a linear timed release of tokens is the fundamental improvement over existing token standards. Token issuers can specify a period — e.g., seven days, 30 days or whatever option they prefer — over which their token will be linearly released to specific 

. For instance, if the issuer specifies a release period of 10 days and plans to airdrop 1,000 tokens into your wallet, you’ll receive 100 tokens every day for 10 days. Other users receiving the tokens will also have the same linear release schedule. This linear release functionality allows token issuers to offer more predictable and transparent release schedules.

The ERC-7660 protocol also provides lockup functionality, whereby token balances can be locked over a defined period of time in order to prevent arbitrary transfers. This helps improve the security and transparency of token operations.

You can automatically launch ERC-7660 tokens without a code via the 

 functionality, and bridge them across chains easily using a 

 via the official Benchmark Labs website's 

Other useful features of the ERC-7660 standard include a sorter algorithm for efficient transaction handling, and a swap mechanism that minimizes transaction fees.

The ERC-7660 protocol allows token issuers to build communities around their tokens instead of simply launching a meme coin and expecting it to take the market by storm. Projects initiated through Fair Launch are supported by the 

 functionality, which offers its holders 

 and rewards for referrals and for completing social tasks, both of which contribute to a sense of community among token holders.

The ERC-7660 standard also offers significant improvements in transaction efficiency and costs. Its sorter algorithm optimizes the order of token operations, promoting faster, more scalable transactions. In addition, its optimized token swap model reduces the computational requirements involved in swap operations, thus helping to reduce transaction fees.

ERC-7660 is a flexible and highly customizable standard. After initial deployment, additional consensus period features, such as protocol treasuries and 

ERC-7660 is among the newer token standards hoping to join Ethereum's list of fully approved standards. Following is a list of some of the most popular and functionally important token standards underpinning the operations of the Ethereum blockchain.

ERC-20 is a fungible token standard first introduced in late 2015. It specifies rules (for creating cryptocurrencies) that power the functionality of 

 (DApps) on Ethereum. The ERC-20 standard was later extended to many other 

 (EVM)-compatible blockchain networks. ERC-7660 directly extends ERC-20’s capabilities, introducing additional features such as a timed linear release.

The main features of the ERC-20 token are fungibility, and compatibility with EVM 

. These attributes led to explosive growth in the number of DApps on Ethereum, establishing it as the leading smart contract chain and creating new crypto use cases in areas like 

Introduced in 2017, ERC-721 is Ethereum's primary standard for 

 (NFTs). While ERC-7660 and ERC-20 provide specifications for fungible cryptocurrencies only, ERC-721 defines rules for creating distinct, non-fungible assets on Ethereum. ERC-721 helped popularize the concept of NFTs in the crypto industry, with the NFT market eventually experiencing a spectacular boom in 2021. While ERC-20 helped start a DApp revolution, ERC-721 was the main catalyst for the NFT concept's growth.

The tokens standards discussed above all focus on defining rules for one type of token (fungible cryptocurrencies in the case of ERC-7660 and ERC-20, and non-fungible tokens in the case of ERC-721). However, some Ethereum applications and smart contracts require simultaneous handling of both token varieties. This is what the ERC-1155 standard is designed for: 

 is Ethereum's main multi-token standard. It specifies rules for creating smart contracts capable of handling fungible, non-fungible and semi-fungible tokens.

 is a standard for smart tokens on Ethereum. These tokens contain embedded executable programming logic, essentially making each one a standalone "mini-DApp." These smart tokens offer diverse use cases, from the creation of dynamic NFTs to interaction with Internet of Things (IoT) devices. The ERC-5169 standard radically differs from ERC-7660 and the other Ethereum standards covered above as it's the only standard capable of supporting executable logic and functionality. A relatively new standard, it was first proposed in 2022 and formally adopted in 2023.

The ERC-7660 standard has already received pre-examination approval from the Ethereum Foundation, which indicates that the token may be fully endorsed in the future, perhaps as early as this year. If fully adopted, ERC-7660 will undoubtedly become one of the most frequently utilized standards, thanks to meme coins' widespread and unrelenting popularity.

The overall support that the ERC-7660 protocol receives from Benchmark Labs is among the key factors pointing to a promising outlook for this new standard. Benchmark Labs continually supports and improves upon it, adding or optimizing features like the sorter and low-cost swap algorithms. The support that new ERC-7660 tokens are receiving from Benchmark Labs also helps foster and develop a sense of community around the standard and its protocol.

The proliferation and popularity of meme coins in the crypto world was bound to lead to more efforts at their standardization. ERC-7660 from Benchmark Labs is the first significant step in this direction. As a token standard and a protocol for launching compliant meme coins, ERC-7660 will play a key role in bringing better security, transactional efficiency and transparency to the chaotic world of meme coin assets. 

Although there are still very few ERC-7660 tokens launched, this is likely to change with the final approval of the standard by the Ethereum Foundation. Naturally, while this approval isn’t guaranteed, there are strong indicators that the Foundation appreciates the merits of the new standard, and isn't averse to fully adopting it. Soon, transparency and standardization for meme coins may no longer be unrealistic, thanks to the ERC-7660 token standard.

ERC-7660: Redefining Meme Coins With a New Benchmark

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