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

Altcoins

NuLink is the ultimate on-chain privacy solution for DApps, offering advanced encryption technologies for secure data storage and sharing on Ethereum.

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As blockchain systems are being increasingly adopted for a variety of use cases in the business world and the amount of 

 data transfers grows, issues of data security and privacy become critical. In the past few years, along with the growth and maturation of the blockchain industry we've witnessed an increase in security breach attempts, both unsuccessful and, sadly, those that have led to significant loss of both value and privacy. In 2023, cybercriminals 

These disturbing stats only cover direct financial losses — the crypto funds snatched away from blockchains or 

 (DApps). However, in addition to these immediate losses, the business operations of DApps also experience loss of trust from customers and degradation in operational capacity.

NuLink (NLK) is a decentralized protocol that aims to address security and privacy issues on blockchains by providing advanced solutions for secure data storage and sharing. This Ethereum-based platform offers DApps the ability to protect their stored or transferred data using security and privacy technologies, such as 

 (NLK) is a decentralized data privacy protocol on the 

 (ETH) blockchain that provides cutting-edge data encryption services to DApps via application programming interfaces (APIs). 

Using NuLink, DApp operators can protect shared or stored data from security and privacy breaches.

NuLink offers various security- and privacy-focused products, most of which utilize three data encryption technologies: zero-knowledge (ZK) proofs, proxy re-encryption and fully homomorphic encryption.

NuLink's on-chain data and communication protection services are applicable to virtually any DApp for which safeguarding data against hacks or unauthorized access is essential. Its technology offers versatile benefits across various scenarios, including encrypting 

 (NFTs), launching privacy-preserving social media and SocialFi apps, decentralized digital rights and intellectual property (IP) protection, and confidential sharing of information on health records.

Founded in 2021 by Daniel Nilsson and Noel Braganza, NuLink is based in Sweden. As of May 2024, the blockchain startup has raised 

 in venture capital and is backed by a group of institutional investors, including some prominent industry names, such as DWF Labs, Maven Capital and Binance Labs.

At the core of NuLink's offerings are four encrypted data technologies that power secure data sharing, storage and computations — ZK proofs, public key encryption schemes, proxy re-encryption and fully homomorphic encryption.

 are widely used in the blockchain industry, and are probably the most familiar of the abovementioned technologies to nontechnical crypto audiences. These cryptographic proofs allow one party (the prover) to demonstrate to another party (the verifier) that certain information is true — without revealing the actual confidentiality-based encryptions of the message being validated.

 designed to control access rights and enhance data-sharing functionality are split into identity-based encryption and attribute-based encryption. Identity-based encryption directly ties user identity to their 

, similar to an email system where knowing the recipient's identity ensures that only they can decrypt messages. Attribute-based encryption expands on this by offering a wider array of attributes and policies.

 is a technology that allows intermediary parties involved in data transfers and proxies to alter the data encrypted by the sender so that the receiver can decrypt it. Finally, 

 allows encrypted data to be used without needing to decrypt it with a 

. This contrasts with most other data encryption techniques, which are based on decrypting data before it can be utilized for a specifically designated use case.

These four main cryptographic technologies used by NuLink power the platform's capabilities regarding sensitive user data sharing, cryptographic access control, privacy-preserving data sharing and more.

In terms of its architecture, NuLink’s system comprises five layers: Application, Cryptograph, Storage, Blockchain and Watcher Network.

 is the topmost layer on NuLink. It's abstracted from the underlying layers in order to provide both a user interface and controls for accessing the platform's services. This layer directly interacts with the Cryptograph Layer to manage private data access authorizations. The 

 is a critical component that handles the processes of data encryption, decryption and key generation.

, which manages the decentralized storage of the data encrypted and decrypted by the Cryptograph Layer. The Storage Layer utilizes the InterPlanetary File System (IPFS) network to store and retrieve data. The NuLink project team also has future plans to introduce other distributed storage solutions, such as Amazon S3 and Swarm.

, is made up of Ethereum-based NuLink nodes that power the network's encrypted data services. These include several specialized functional node types, as covered in the next section.

, is made up of relayer nodes, which are responsible for supporting cross-chain data communications.

NuLink's node operations involve several network actor types, categorized into two groups: Providers and Users. Providers include proxies, computing providers, storage providers and watchers that support the network's functionality, while the Users — data consumers and data providers — leverage NuLink to securely share and store data.

 enable NuLink's re-encryption and homomorphic encryption services, respectively. 

, as noted earlier, are the nodes responsible for cross-chain communications and updates. Their key role is to pass updated information from NuLink's Ethereum-based 

 are the nodes that facilitate decentralized data storage on the platform.

, interact on the network to securely exchange and utilize encrypted data.

Consumers of encrypted on-chain data face two primary issues with regard to data availability. First, they need to ensure that their supplier has the required data before buying it. Secondly, they need to ascertain that the encrypted data is valid. NuLink addresses both of these issues by using ZK technology. Data providers on the NuLink platform need to submit ZK proofs, which are validated on the network without any need for the providers to reveal all of the details and contents of their datasets.

ZK proofs protect both sides of the encrypted data transaction. For data consumers, they provide assurance of the integrity and validity of the supplied data. In turn, for data providers, the ZK-proof technology used by NuLink is a secure way to trade their data while protecting it from unauthorized access and public exposure.

Secure, private data sharing is supported on NuLink via proxy re-encryption technology. Proxy nodes, the primary entities responsible for these exchanges, accept the already encrypted data from the data provider and re-encrypt it before making it available to the data consumer. The re-encryption process protects the shared data to a much higher degree than ordinary encrypted data transfers that don't utilize re-encryption.

While proxy re-encryption is mainly used for data transfers, data computation tasks are supported by NuLink's homomorphic encryption services, which allow a dataset to be utilized without needing to decrypt it with a private key. This is useful for cases in which data providers need to make their datasets available to consumers on a per-use or rented basis. Typical scenarios include using data for 

 (AI) and machine learning (ML) model computations, or for predictive model scoring. In such situations, data consumers are less interested in buying the dataset outright and usually need temporary access.

NuLink users can stake the platform's native cryptocurrency, NLK, to earn rewards. 

 NLK as collateral is also a requirement for the functional node types — proxies, computing providers, watchers and storage providers. Users can manage their staking operations through the Staking Dashboard, a web app that provides a user-friendly interface to all of the key NuLink staking procedures. The dashboard enables users to stake and unstake funds, bond funds to other nodes, monitor their performance and track rewards.

For developers venturing into privacy-preserving DApp development, NuLink offers two primary tools: the NuLink Agent-SDK and the NuLink SDK. The 

 is tailored for newcomers to the NuLink network. It facilitates direct communication between DApps and the NuLink Agent, enabling seamless integration into their projects. On the other hand, the 

 caters to developers with a deeper understanding of the NuLink network.

 for users that ensures smooth communication between DApps and the NuLink network. It serves as a secure intermediary with robust endpoint encryption, and safe storage and data sharing.

NuLink Runes is a secure protocol for creating and managing 

 (EVM)-compatible Runes assets. The original 

 (BTC). It facilitates the efficient issuance and management of fungible cryptocurrencies on the world's oldest blockchain. However, Runes assets are largely confined to the Bitcoin ecosystem, and these tokens aren't supported on EVM-compatible chains. NuLink's Runes product is among the earliest initiatives to bring Runes technology to an EVM environment.

NuLink Runes features a high degree of editability, meaning that issuers can easily modify and personalize their assets. And, in line with NuLink's core competencies, the protocol boasts excellent security and privacy features.

NuLink's native cryptocurrency is NLK, an 

 asset on Ethereum. NLK's main functions on the platform include the following.

NLK was launched on May 16, 2024, with a total and maximum supply of 1 billion. The entire supply will be released over the course of four years, starting from the May 2024 token generation event (TGE). After these four years, the user community will vote via the DAO concerning further supply rules. As such, it's possible that more NLK might be minted following the complete release of the 1 billion total supply.

The NLK token is available on Bybit's Spot market (

). From May 16–30, 2024, you can also take advantage of Bybit's campaigns dedicated to the token for the chance to grab a share of the 

Data privacy and security are becoming increasingly important as the volume of on-chain value exchanges rises. At the same time, hacking attempts and data breaches are growing at an alarming rate. It's evident by now that simply relying on blockchain's built-in cryptographic security features is no longer sufficient — at least when it comes to ensuring the functionality of DApps handling sensitive data and computations.

While there are quite a few decentralized protocols dedicated to improving the security of blockchain data exchanges, NuLink takes the security game to an entirely new level, applying advanced cryptographic technologies that set it apart among data exchange protocols. As the industry matures and the need to protect on-chain data exchanges and computations becomes more evident, NuLink's services will undoubtedly be appreciated and adopted by an increasing number of DApp operators.

NuLink (NLK): Ultimate On-Chain Privacy Solution for DApps

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