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

Altcoins

Stratis (STRAX) is a blockchain-as-a-service (BaaS) platform that lets developers build their own protected blockchains using the popular .NET framework and C# programming language. 

Stratis_Cirrus_sidechain_creation.png

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Microsoft’s .NET framework and the C# programming language, an integral part of it, are among the most popular tools in the software development world. Stratis (STRAX) is a blockchain development platform that leverages these tools to enable organizations to create and customize their own fully functional sidechains. As the business world increasingly adopts blockchain technology, platforms like Stratis are becoming instrumental in enabling this growth.

) platform that lets developers build their own protected blockchains

. The custom, protected blockchains built using the Stratis development framework operate as sidechains, with the Stratis chain providing the core operational and security mechanism.

Stratis leverages both Microsoft’s .NET development framework and the C# programming language. Using C#, blockchain developers can easily write 

 code on Stratis-based sidechains. Thanks to the popularity and prolific use of these technologies in the development world, Stratis creates the opportunity for wider adoption of blockchain technology by businesses.

Stratis is best known in the blockchain world for its BaaS-based sidechain development tools. However, Stratis also operates as a blockchain consultancy firm, offering businesses a variety of other decentralized cloud-based products. In most cases, these products leverage Stratis’s core network but are designed for business clients who don’t need (or prefer not to launch) their own full-scale sidechain networks.

Stratis’s development tools and consultancy services make it one of the most versatile business-oriented blockchain platforms in the crypto industry.

The Stratis blockchain platform has adopted many of 

’s architectural features, including the 

 transaction model, one of two major account models used in modern blockchains (the other one being the account-based model employed by Ethereum). UTXO has a number of advantages over the account-based system, of which the security of transactions is probably the major one. Since Stratis positions itself as a platform for corporate use, the security for blockchain transactions is an important consideration.

However, unlike Bitcoin, the Stratis core chain uses proof of stake (

) transaction validation, which has the benefit of being faster and more energy-efficient than Bitcoin’s proof of work (

) consensus mechanism. At the same time, custom-developed sidechains linked to the Stratis chain aren’t limited to PoS validation. For example, the main sidechain of Stratis, the Cirrus sidechain developed by the project’s own team, uses proof of authority (

Full nodes on the Stratis platform are the key pillars maintaining network consensus and operations. A full network node on Stratis is written using the .NET framework in C#, in line with the project’s focus on supporting these technologies. Full nodes process and validate transaction blocks on the main Stratis chain. They may also be used in the block validation process on sidechains linked to Stratis.

Stratis’s full nodes are incredibly versatile, as they can support three different validation models: PoS, PoW and PoA. If PoW validation is enabled on a Stratis full node, that node can even participate in mining blocks on the Bitcoin blockchain.

The Stratis platform can be used to develop smart contract–capable sidechains. By design, the main Stratis chain doesn’t support smart contracts, which helps ensure the security of the overall ecosystem. Smart contracts — again, written in the C# programming language — can be integrated into custom-built sidechains on the platform. For instance, the Cirrus sidechain (mentioned above) is a smart contract–capable network.

Stratis sidechains are connected to the main Stratis chain using the 

 interoperability protocol. The Cirrus chain is the first sidechain linked to the Stratis blockchain, and serves as the primary showcase platform to demonstrate the overall functioning of the entire ecosystem.

Users who need to enable smart contract operations and pay for gas fees can deposit STRAX to the Cirrus sidechain and receive CRS in return. We’ll cover the STRAX coin in a later section.

Masternodes are another type of node used within the Stratis ecosystem. While full nodes are primarily used to secure the main chain of the platform, Masternodes’ key function is to validate transaction blocks on the Cirrus sidechain. Any user can become a Stratis Masternode by depositing 100,000 STRAX and paying a joining fee of 500 CRS.

Although Masternodes’ key functionality is to process blocks on the sidechain, they also receive half of the amount from the validation rewards on the Stratis chain. In addition to paying the deposit, Masternodes need to ensure that they maintain their online presence as much as possible to help process transactions. Only active Masternodes receive block validation rewards of 9 STRAX, generated every 45 seconds per block. Masternodes can also stake their STRAX deposits on the main chain to earn additional rewards.

Stratis offers several custom blockchain applications to businesses that don’t need (or want to develop) their own full sidechains.

This is a decentralized identity management product for user authorization and authentication. Companies can use Stratis Identity to ensure that their access management and control are based on a secure, decentralized storage platform.

The aptly named Distributed Ledger is Stratis’s decentralized database solution. By using the Stratis Distributed Ledger, organizations can store, access and update their databases in a secure, trustless and decentralized mode. This provides the benefits of blockchain-based cryptographic security, data immutability and protection from hacker attacks on centralized corporate systems.

Stratis STO (Security Token Offering) Platform is a solution for the issuance and comprehensive management of security crypto tokens. Security tokens provide their holders with a stake in a new crypto project, similar to ownership shares in IPOs conducted in the stock market. Startups and other businesses can use the STO Platform to raise early capital for their crypto initiatives.

This is a decentralized solution from Stratis to help businesses set up goods-tracking and payment processing along their supply chains, without having to develop a full-scale supply chain management system.

Stratis Unity 3D SDK and Unreal Engine SDK

Unity and Unreal are two popular development engines used by programmers to create sophisticated, visually rich games for a variety of platforms, including on blockchains. Stratis offers two SDK (software development kit) products — Unity 3D SDK and Unreal Engine SDK — for game programmers specializing in the respective engines. Using these SDKs, programmers can create blockchain-based games and integrate features like NFTs and fungible tokens into their gaming environments.

, a process used to validate transaction blocks on its network. Stakers need to lock their STRAX funds on the platform in order to participate in staking, for which they earn block rewards. Stratis uses the standard staking model — the more STRAX you lock on the platform, the higher your chance of receiving the next block of transactions to validate.

A distinct feature of Stratis’s staking is so-called “cold staking,” whereby validators can process transaction blocks while having their staked STRAX held in cold storage (i.e., in a wallet that’s disconnected from the internet). This adds a higher degree of security to the staking process.

In order to participate in staking, you’ll need to use the STRAX Wallet, which can be configured for the cold staking mode mentioned above.

Stratis also offers another wallet within its ecosystem — Cirrus Core — which is used to store, send and receive tokens issued on the Cirrus sidechain.

The STRAX coin’s core function on the Stratis platform is to help validate transaction blocks via staking. Block rewards are paid in STRAX. Masternodes also need to use STRAX as a deposit when joining the platform.

The STRAX coin also has some governance functionality. For instance, in a recent announcement, the Stratis team outlined 

, a platform designed to make Stratis interoperable with Ethereum. Part of the StratisEVM is a new STRAT coin. Holders of STRAX have been encouraged to vote on the new coin’s tokenomics.

As of Nov 1, 2023, STRAX is trading at $0.94, a 95.79% drop from its ATH of $22.77 registered on Jan 8, 2018, and over an 8,000% increase from its all-time low of $0.011 on Aug 12, 2016.

STRAX’s price outlook is bullish, particularly in the long term. DigitalCoinPrice 

 at $3.47 by 2025 and $10.02 by 2030. PricePrediction, meanwhile, 

 in the short term, estimating STRAX will reach $1.43 by 2025 but anticipating a substantial surge to $9.29 by 2030.

When it comes to investment potential, STRAX has several factors that work in its favor:

1. Long-term price predictions for the coin are all strongly bullish.

2. STRAX’s recent market performance also supports optimism toward the coin, its price appreciating in tandem with Bitcoin (BTC) and recording an estimated growth of over 100% within the past year.

3. Stratis is a unique project that opens blockchain and smart contract development opportunities to the vast army of .NET and C# programmers.

4. As a wider platform, Stratis maintains a strong focus on corporate blockchain solutions, an area that’s ripe for growth.

Naturally, crypto investors shouldn’t treat this assessment as financial advice, and are encouraged to further explore the coin’s potential as part of their comprehensive decision-making processes.

. If you don’t yet have an account on Bybit, 

 is quick and easy. When you open your Bybit account, you’ll receive access to STRAX and hundreds of other crypto assets in both the Spot and Derivatives markets.

The corporate world is moving toward broader adoption of blockchain technology, and Stratis only stands to benefit from this development. Businesses serious about blockchain will find a diverse choice of solutions on the platform, from smart contract–capable sidechains to various ready-made blockchain products.

Stratis is also deeply committed to easing the point of entry for the mainstream developer community. The ability to create sidechains written in the popular .NET framework and C# language opens up opportunities for a more extensive base of programmers to participate in blockchain development.

With a strong focus on applied business solutions, a developer-first mentality and a network that features great security features, such as the UTXO model and cold staking, the sky’s the limit for the Stratis team and their platform.

Stratis (STRAX): Custom Blockchains Made Easy

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