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

2.png

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.

how to buy usdc.png

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

21 Apr 2025 weekly newsletter.png

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.

1.png

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

Bybit Learn

Blockchain

Explainers

Altcoins

Spectral (SPEC) is revolutionizing blockchain and DeFi by offering decentralized oracles that provide insights from AI and ML inferences.

2401-T16454_Skinny_Banner_for_Blog_and_Learn_Row_53_728x90.png

Skinny_Banner-1600x400.webp

Many niches within the blockchain industry, particularly the 

 applications to update and track prices, verify off-chain data and enable a variety of cross-app communication activities. So far, the use of blockchain oracles has been limited to supplying only raw data.

Spectral is an innovative decentralized project. It champions the idea of oracles that provide not just data, but insights and inferences from artificial intelligence (AI) and machine learning (ML) models. Read on to learn about Spectral's innovative combination of AI and blockchain.

 (SPEC) is a decentralized platform that offers two core products — Spectral Nova, a network of AI and ML models that can feed inferences and insights from their computations into blockchain smart contracts and apps, and Spectral Syntax, a generative AI tool that lets you easily create smart contract programming code based on textual prompts.

Thanks to the Spectral Nova platform, blockchain smart contracts can accept not only data but also inferences — i.e., results and solutions of AI and ML algorithm computations. These AI and ML algorithms are contributed by data scientists who receive crypto rewards for their contributions. The models are stored and shared in a decentralized way, and their integrity and quality are ensured through the work of special Validator and Creator 

Spectral Syntax allows you to generate production-ready code in the Solidity programming language for smart contracts that automate various activities, such as token creation and distribution, asset transfers and other common web3 operations.

Spectral Nova (Machine Intelligence Network)

's concept is somewhat similar to a decentralized marketplace that brings together creators and consumers of AI and ML models. However, the network's setup is a tad more intricate than the simple dualistic provider-consumer relationship. There are four different actors on Spectral Nova, each with its own unique role.

 is a generative AI tool that lets you easily create smart contract programming code using textual prompts. The Syntax tool has been optimized based on a range of large language models (LLMs). In some ways, Spectral Syntax is quite similar to the ubiquitously popular ChatGPT.

The key difference is that ChatGPT is a general-purpose tool, whereas Spectral Syntax has been optimized to assist developers by generating high-quality code in the Solidity programming language — the default language used for smart contract development on 

 (EVM)-compatible blockchains. Developers can test and edit the code before directly deploying it 

The Spectral Syntax tool is primarily intended to help create AI-based, autonomous on-chain agents, software modules that automate some functionality or process within a web3 app or even a 

. Thanks to the use of AI algorithms, these agents can incorporate functional details that ordinary smart contracts might not be capable of — e.g., learning and adapting based on experience or user input, or utilizing predictive analytics and forecasts.

AI agents created using Spectral Syntax are envisioned to be hosted on a dedicated decentralized network, 

, slated for initial release in Q4 2024 with mainnet launch planned for 2025.

While Spectral's AI/ML models and inferences can be applied in various areas and industries, there's one specific area of focus for the project team: DeFi — or, more specifically, DeFi-oriented credit risk assessment. Spectral envisions a future web3 world where all actors (e.g., individuals, borrowing and lending protocols, and other entities involved in crypto financing operations) have credit scores based on their on-chain activities.

Naturally, such a decentralized credit score is unlikely to be reliably computed the way it's done in traditional finance. Spectral proposes a credit scoring system for web3 that will help derive on-chain scores of creditworthiness. Using this system, all on-chain actors will have an equivalent of the traditional FICO score. The scoring will be based on variables such as on-chain transactional activity, verifiable ML computations and zkML proofs, decentralized credit modeling and so on. 

By proposing an on-chain equivalent of the credit risk infrastructure that traditional finance institutions have used for decades, Spectral hopes to improve capital efficiency and the flow of digital assets in the DeFi industry and to introduce safer lending and borrowing practices.

Spectral's interest in creating such a programmable creditworthiness ecosystem isn't unusual — predictive analytics based on AI and ML algorithms are already widely used in the finance industry for credit risk analysis — and the project hopes to leverage its focus on AI and ML inferences in this area.

Spectral's native cryptocurrency is SPEC, an 

 token extensively used throughout the platform's ecosystem for a variety of functions, including the following:

SPEC's total and maximum supply are 100 million. As of May 14, 2024, it’s 

Where to Buy the Spectral Crypto Token (SPEC)

You can trade the SPEC token on Bybit as a Spot pair (

). If you don’t have a Bybit account, you can easily 

 to access a vast range of crypto products and assets.

You can also take advantage of Bybit's campaign (running from May 6 to May 17, 2024 at 9AM UTC) dedicated to the SPEC token to grab a share of the 

. The campaign is split into two parts: the first is a 100,000 USDT prize pool Deposit to Earn event that’s exclusive to new users, while the second lets you earn from a prize pool of 50,000 USDT by trading SPEC.

To say that AI models are taking the world by storm is probably an understatement. Spectral, with its specialization in AI and ML inferences and their practical applications, stands to greatly benefit from this development. The platform's Nova product is essentially the first web3 oracle that feeds ready-to-use AI inferences, not just raw data, into decentralized apps (

) and smart contracts. This can potentially take smart contract functionality to a new level — from rule-based computations to AI-powered smart decisions. Thanks to Spectral Nova, we might soon think of blockchain smart contracts as intelligent and self-learning agents.

Spectral Syntax is also a unique product — the first AI-based tool specifically trained to generate production-quality Solidity code for AI agent development. With its duo of novel products, the Spectral platform is a worthy addition to the emerging industry sector at the intersection of AI and blockchain. 

Spectral (SPEC): Expanding the Capabilities of Blockchain With AI

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Weekly Leaderboard