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

Bybit Learn

Blockchain

WAX, or Worldwide Asset eXchange, is a carbon-neutral blockchain designed for e-commerce transactions. Find out more about how it works in this article.

 is a web3 ecosystem for gaming and NFTs. Since its inception, the blockchain has attracted a loyal following that includes more than 13 million WAX accounts and $23 million in daily transactions.

The following is a brief guide describing WAX Blockchain to help you determine if the project is worth your investment.

WAX blockchain is hyperfocused on video games and virtual collectibles. As a result of continuous innovation in the field, it has become one of the most recognizable web3 ecosystems to provide everything a brand needs to launch a successful NFT collection. In fact, it is the most used and transacted blockchain ecosystem in the world of NFTs, DApps and video games.

To optimize the blockchain's e-commerce usability, it uses a 

 (DPoS) mechanism that’s compatible with 

. This combination of DPoS and EOSIO compatibility helps the blockchain achieve greater speed and scalability.

Currently, the platform supports over 30,000 useful 

 and marketplaces for gaming and NFTs. Its rapid development is primarily due to the backing of the parent company, 

, which was previously a leading global brand for buying and selling digital items.

It's commonly believed that OPSkins has been the primary driver for the trust that numerous high-profile gaming brands — such as Atari, Mattel, SAW and Street Fighter — have placed in WAX blockchain to promote their digital assets within the virtual gaming ecosystem.

The WAX Blockchain project was conceived by 

 in 2015. Their goal was to offer a blockchain where anyone could create, buy, sell and trade virtual items.

By 2017, the concept had attracted top gaming companies, giving these brands a stable blockchain environment in which to launch their NFT collections. Amid rising demand, some of the most prolific NFT creators and game developers pitched in with award-winning video games and DApps, which contributed to the remarkable growth. In a short period, WAX blockchain had established itself as the "King of NFTs.”

In early 2020, WAX reached the 10 million–user milestone, which it 

. At the time, the airdrop was almost ten times larger than any other NFT airdrop in history. This event was followed by the 

, the demand for William's memorabilia was so high that his 125,000 digital photographs were sold within nine minutes of the launch.

The innovation continues to this day. For instance, vIRL NFTs are one of the most celebrated products on the WAX blockchain, offering physical ownership of assets without the need for delivery. The NFT is tied to an actual physical asset. You can own it, transfer the ownership or redeem it for the physical item.

vIRL NFTs are unique because they offer a host of dynamic functionality that includes app-video game integrations, marketing tools and V-commerce capabilities. In addition, each one of these NFTs is minted on the carbon-neutral blockchain that puts the environment first, creating carbon offset NFTs.

Worldwide Asset eXchange uses a DPoS consensus algorithm which relies on a group of block producers to manage the block production. These block producers are known as WAX Guilds.

A block is produced every thirty seconds on the WAX blockchain. Only one WAX Guild is authorized to produce a particular block at any given time. To improve efficiency, each WAX Guild has a specific time in which it can produce the block. After the scheduled time, the block is skipped. To prevent block skipping, the blockchain doesn't reward WAX Guilds that only produce 50% or less of their scheduled blocks.

To increase community participation in the selection of WAX Guilds, the WAX blockchain uses a 

 which enables community members to stake, receive rewards and vote. If you have WAXP tokens in your wallet, you can connect a compatible wallet to the Ethereum bridge and convert those WAXP tokens to WAXE. Deposit both WAXE and ETH tokens into the WAXE-ETH liquidity pool in order to earn WAXE-ETH liquidity pool tokens. 

You can then proceed to stake your WAXE-ETH liquidity pool tokens in exchange for WAXG tokens and ETH rewards. These WAXG tokens can be used to vote, but you can also burn them to receive more ETH from the PiggyBank Pool in exchange.

 technology. It prevents WAX Guilds from signing two blocks at the same block height or timestamp. Anyone signing two blocks is punished and suspended by WAX token holders.

Besides relying on DPoS consensus, the WAX blockchain uses a combination of smart contracts and the WAX Random Number Generator. The RNG is used by DApp developers to introduce a random outcome for an asset. This helps solve the problem associated with traditional RNGs, which often suffer from unfair and nonrandom values.

WAX is a web3 ecosystem for gaming and NFTs. It offers everything that a brand needs to launch a successful NFT collection. For developers, the native WAX Developer Hive provides full documentation, quickstarts and code samples. For players, the blockchain is a convenient way to take charge of both their old and new digital assets.

Here are a few additional reasons why you can trust the WAX ecosystem.

The Worldwide Asset eXchange is a certified carbon-neutral blockchain. This is a distinction, because WAX is almost 

 than Bitcoin. In numerical terms, WAX mainnet uses 473.04 MWh and emits 211 tons of carbon dioxide per year, which is only a tiny fraction of what a traditional blockchain emits.

Blockchains such as Bitcoin and Ethereum rely on the 

 (PoW) consensus. As the value of BTC and ETH rise, users rely on hefty mining rigs. This heated competition produces energy equal to emissions from mid-sized nations.

Luckily, the carbon-neutral WAX blockchain produces less than 0.01 percent carbon emissions as compared to ETH or BTC. The resulting carbon credits are used to support a variety of green projects around the world. Already, WAX NFTs have helped offset almost 4 million tons of carbon emissions as compared to Ethereum.

Delegated Proof of Stake Consensus Mechanism

WAX blockchain uses a DPoS consensus mechanism, which is a combination of PoW and PoS. In the DPoS environment, you can delegate your coins to others and give them the power to validate transactions. This voting power is weighted on a proportional scale, relative to the number of tokens. With this setup, you don't need to battle for computing dominance because the energy consumption on the WAX blockchain is relatively stable.

 is a handy feature because it doesn’t require you to manage private keys, and can be accessed on both mobile devices and desktops. Apart from the obvious functions of sending and receiving funds, it can be used to store collectibles in a single place. You can also connect the WAX Cloud Wallet to 

 (DApps). The dashboard’s controls help you stake your holdings and vote for WAX Guilds.

 is a funding source where WAX pioneers and visionaries bring ideas to life. Anyone can pitch a business plan; you just need to draft a proposal for review. If you have a plan, make sure your submission includes all the documents, ideas and detailed information that will let voters thoroughly evaluate the project's feasibility.

Once the plan is submitted, everyone has the right to vote on the project. The more WAX tokens an individual has staked, the more weight their vote carries. For your project to get funding, 10% of the registered voters must vote, and half of the voters need to agree on the proposal. At any given moment, the admin has the right to give a proper reason for denial, which then terminates the project.

 provides records of individual transactions on the WAX blockchain.

When introduced in 2018, the WAX Block Explorer processed more transactions than any other blockchain. It’s also the first user-friendly blockchain to let users view transactions in a visual format. Its 3D interactive features will let you make sense of data without needing to worry about technical terms.

If you own an NFT, you can also view its 3D rendering along with ownership details, transaction records and related data.

WAX has introduced the world's first carbon-neutral NFTs. Just like traditional NFTs, these 

 are linked to physical objects. However, they're carbon offset vIRL NFTs — because when you redeem one, the National Forest Foundation plants one tree sapling for every $1 spent on NFTs. This initiative ties in with the aim of WAX Blockchain to reduce its carbon footprint until it achieves carbon negative status, having already achieved carbon neutrality.

WAX NFTs are sold on both primary and secondary marketplaces, with the majority sold on secondary marketplaces. 

 are just a few of the many secondary marketplaces where you can purchase WAX vIRL NFTs with WAX tokens.

While NFTs on primary marketplaces are limited, they're usually sold within minutes of the launch. Therefore, keep an eye on upcoming sales on the official social media channels. You can use the native WAX token or your credit card to purchase NFTs on the primary marketplace.

WAX blockchain is a purpose-built, energy efficient environment for building and deploying high-performance DApps. If you're a developer, use the Developer Hive to access in-depth tutorials, quickstart guides, samples and API references for product development.

WAX blockchain is fully compatible with EOSIO smart contracts. This means that you can deploy your EOSIO DApps on the WAX mainnet. You're also entitled to free blockchain accounts and cheaper gas fees.

As mentioned briefly, there are three variants of the WAX coin: WAXP, WAXG and WAXE.

WAXP is the protocol's utility token, while WAXE is the Ethereum ERC-20 version. The latter can be converted into WAXP at a ratio of 1,000 WAXP to 1 WAXE.

In contrast, WAXG is the platform’s governance token, earned by staking WAXE. It's given to those who stake their WAXE-ETH in the WAX-ETH liquidity pool. As mentioned above, you can either use WAXG to participate in voting activities or burn them to receive ETH.

. Its members include executives from Atari, Unity, Marvel and other prominent software companies. Members of the council offer their input on development goals.

WAX Blockchain’s road map is subject to change amid new developments. The most recent road map and updates are usually posted on the official website. In the past, the team has published yearly updates.

Some recent developments from the 2021 road map include partnering with 

, and the development of an Ethereum bridge to support 

. Accordingly, the team is actively working on making improvements to the WAX Cloud Wallet, completing existing DeFi projects and supporting upgraded variants of ERC tokens.

The WAX tokenomics model is a hybrid between WAX and Ethereum blockchains, as it aims to use the best features of both chains. This configuration helps WAX token holders because they can benefit from WAX's success in the NFT marketplace and Ethereum's success in the DeFi space.

The inter-blockchain design maintains the WAX blockchain as its core element. For instance, NFT operations, such as creating and trading digital assets, take place on WAX. However, any capital generated from NFT commercial activities is transferred to a growing network of financial services available in the Ethereum ecosystem. While WAX hasn’t surpassed Ethereum in terms of NFT trading activity, NFT growth on WAX is substantial in terms of their original plans.

WAXP is the native token of WAX. As of mid-2022, the token is trading at around $0.10. In November 2021, during the recent crypto frenzy, it touched $0.90. Since then, the price has plummeted to follow the price trajectory reflecting existing trends in the crypto market.

, its price will likely reach $0.23 by 2023. In the long term, you can expect a steady rise every year. The team at

 is also optimistic, anticipating the price to go beyond $4 by 2027.

WAXP is listed on a variety of crypto exchanges around the world, including Bybit. If you're interested in the project, here’s how you can buy it on Bybit’s exchange.

After registering, purchase WAXP using USDT as the base currency. The Bybit platform offers multiple ways to buy USDT so that you can exchange it for WAXP.

 on top of the Bybit platform. From the drop-down menu, select 

 or pick a payment method of your choice. You can buy USDT, the base currency, using a credit card, bank transfer, crypto exchange or P2P. If you have USDT in another wallet, you may also transfer it to the Bybit exchange.

After buying USDT, it's time to swap it for WAXP. To exchange USDT for WAXP, click on 

. You can either search for WAXP, or click on

Select the amount of WAXP you want, and click on 

Compared to many other high-profile crypto projects, WAX Blockchain is a thriving ecosystem that has achieved greater milestones than many of its famous counterparts. In just five years, it’s garnered support from thousands of NFT followers and well-known gaming brands.

If everything goes according to plan, WAX Blockchain will have established a practical framework for future projects. It has solid foundations, a great team, a workable road map, strong fundamentals and utility. Its carbon-neutral NFTs is an industry-first initiative likely to contribute to its notoriety.

If you're looking for a well-established blockchain that has yet to reach its full potential, WAX is a solid investment.

When it comes to gaming, NFTs and digital assets, few blockchains can rival WAX. While its initial success has been mainly attributed to the delivery of brand-partnered NFT content, the new road map has gained momentum from WAX’s partnership with Ethereum and from a growing community of DApp developers. At the moment, WAX is the most prominent web3 ecosystem for digital assets, and there are plenty of sufficient reasons to invest in WAXP.

WAX Blockchain (WAXP): A Carbon-Neutral NFT Blockchain

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