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

All About P2P Platforms

Like any growing industry with lucrative returns, the crypto world has its fair share of crypto criminals and scammers. Here's how you protect yourself against P2P crypto scams and fraud.

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 (P2P) platforms is growing increasingly popular — thanks to the absence of intermediary parties and the general flexibility of this trading mode. Additionally, established P2P crypto trading environments, such as 

 platform, provide robust escrow systems and dispute resolution mechanisms. However, P2P crypto trading, just as any other kind of P2P financial activity, comes with a wide variety of scams and fraudulent schemes that every trader needs to be aware of before buying or selling cryptocurrency. 

In this article, we’ll take a look at common P2P crypto scams and learn how to avoid them.

P2P scams in crypto trading include diverse fraudulent techniques and schemes that nefarious individuals or groups employ to part honest traders with their hard-earned funds. These schemes exploit the unique nature of P2P crypto trading on online marketplaces and platforms.

Typically, a crypto P2P scam involves various elements, such as producing fake payment documentation, impersonating someone trustworthy or running an elaborate scheme that confuses the unsuspecting victim and forces them to release funds to scammers. Urging the victim to take transactions off a legitimate platform, and even the use of psychological pressure tactics, are frequently involved.

While any type of P2P financial activity may involve scams, certain unique characteristics of crypto P2P trading make this area particularly attractive to scammers and fraudsters of all kinds. First, crypto trading platforms feature a lower degree of regulation than many other markets, particularly the 

. Secondly, it's common for scammers to urge their victims to take all communication and payment activity off-platform. Left one-on-one with scammers, victims have little recourse when they lose their funds.

Moreover, the barriers to entry within crypto trading are relatively low, attracting a large number of financially naive or inexperienced individuals, many of whom fall victim to the various scams running in this sphere.

Below, we’ll cover some of the most common scams involved in P2P cryptocurrency trading, and discuss the best ways to avoid them.

Fake Receipt Scams/Escrow Transaction Scams

In fake receipt scams, the scammer sends forged payment documentation to trick you into releasing your crypto without actually sending any funds. In escrow transaction scams, the scammer urges you to use a fraudulent escrow service. You’re tricked into releasing payment into the escrow fund, assuming its legitimate nature.

How to avoid fake receipt scams/escrow transaction scams

: In order to avoid fake receipt scams, always verify that you’ve received the actual payment directly in your bank account or 

 before releasing funds from your side of the transaction. Additionally, 

As for fake escrow scams, only use trusted escrow services from reputable P2P platforms — and 

In chargeback scams, the fraudulent counterparty makes a payment and then files a chargeback after receiving funds from you, claiming fraud or an unauthorized transaction. As a result, the bank reverses the payment, and you find yourself out of both your money and crypto.

Scammers also like to exploit the vulnerability of check transactions by urging you to accept this form of payment. The check used to pay you bounces, leaving you unable to cash the now worthless piece of paper.

: Always ensure that you’ve received the payment in your account and the funds are available to you — i.e., there are no provisional lockups or pending confirmations — before releasing the payment on your side.

Also, avoid accepting check payments. Check transactions are particularly vulnerable to scams — and in 2025, there’s no pressing need to use this rather antiquated form of payment.

In this type of scam, the fraudster tricks you into canceling the order after you've already sent the funds. They typically tell you that there's a technical problem with payments or a price mistake, advising you to cancel and reorder. If you cancel, the platform views the trade as void. Meanwhile, the scammer disappears with your funds — and removes any ads they've placed on the platform.

: The key to preventing cancel order scams is simple: 

 cancel after you've paid, no matter what excuse the counterparty comes up with. If there's a genuine issue on their part, advise them to use the support system provided by the particular P2P trading platform.

In an overpayment scam, the scammer sends a higher amount than what was agreed upon during the deal. They then ask you to refund the excess amount, claiming it was a mistake on their part. Once you send the refund for the difference, the original payment is reversed as incorrect or fraudulent.

: To avoid overpayment scams, be cautious when you receive an offer with a mismatch between your asking price and what you’re being promised. If you're unsure about the situation, simply refuse the transaction, or ask the buyer to redo the transaction with the correct amount.

Phishing scams involve nefarious parties pretending to be legitimate platforms or individuals in order to trick you into giving away your 

 or login details. Often, they’ll send you fake emails and messages, or even create fake web pages that resemble real ones. Your login credentials might be compromised if you visit such a page via your browser and respond to the requests to share your details.

 click on links from unknown sources. Verify URLs to ensure you're on the actual site, and 

never share your private keys or personal information with anyone

, even if they sound trustworthy. Additionally, ensure that you protect your account with strong passwords and security features, such as 

 (2FA). Also, note that reputable websites virtually never offer a non-encrypted connection (the one that begins with 

: Legitimate P2P trading platforms such as Bybit P2P will 

Impersonator scams involve scammers pretending to be representatives of legitimate P2P platforms. They might also pose as well-known, trusted traders. These parties misrepresent their identities, and typically urge you to take the transaction outside the platform under various pretexts. If you fall for these scams and move your transactions outside the legitimate platform's environment, you lose all protections, and the scammers can easily steal your funds.

: Always stay within the platform for transactions. If anyone claiming to be from the platform asks you to move the trade off-site, 

SMS scams involve fraudulent parties sending fake messages to your mobile phone that look like they're from your bank or a payment processor. The message typically states that you've received a payment, specifying the amount you expect to receive from your transaction. The goal might be to steal your sensitive login details (if you click on the message), or to get you to send crypto or money to the fraudulent trader you’re dealing with.

: Don't click on links in unsolicited SMS messages. 

 by logging into your bank or trading account 

directly through the official website or app

, while allowed on many P2P crypto trading platforms, are an area of particular risk, due to the difficulties in proving or tracking any payments made. Scams during these transactions may involve a scammer buying or selling crypto with cash during a face-to-face meeting. In the buying scenario, the scammer might pay with fake bills. In the selling scenario, they may falsely claim that you’ve paid with counterfeit cash after receiving their crypto funds.

How to avoid in-person cash transaction scams

: In general, try to limit cash-based trading as much as feasible 

cash transactions are notoriously hard to verify in cases of disputes. If you absolutely need to buy or sell crypto for cash, carefully examine the counterparty’s reputation and history on the trading platform.

Triangle scams involve two scammers working together to deceive a seller. Here’s how it works: Scammer A and Scammer B both place orders with the same seller. Let's say Scammer A's order is for 1,000 

, and Scammer B's order is for 1,500 USDT. Scammer B sends a payment for 1,000 USDT, and Scammer A then marks their order as "paid." The seller releases crypto to Scammer A, seeing that their order has been marked as paid and that the seller's account was credited with 1,000 USDT.

Scammer B then sends a second payment — 500 USDT, the remaining amount on their buy order — and pressures the seller to release their funds, producing payment proofs for both transfers.

: Always verify that the payer’s name matches the identity verification info on the platform. Be careful with payment proofs produced, as scammers might also try to reuse the same ones for multiple orders. Always double-check before releasing crypto in order to ensure you're dealing with the right person — and not falling for a scam.

In this type of scam, the fraudulent party offers you a better rate through an external communication source like 

 or WhatsApp. They ask you to create an order on a legitimate platform after they've supposedly paid you with the better rate externally. However, the payment never arrives, and is only supported by fake proofs.

: Don’t communicate with potential parties on external channels, and don’t pay them outside of the P2P platform you use. Always use the communication channels offered by an established trading platform. Additionally, never release payments before having received your funds — advice that applies not only to MITM scams, but also to many of the other exploits we've discussed above.

Below are some common key red flags that may help you spot a P2P crypto scam:

To avoid falling victim to P2P crypto scams, you can take a few common sense steps and stick with your approach — regardless of what the counterparty suggests. 

You’re also advised never to trust screenshots of proof of payment. Always check that you've received 

Finally, never send payments to third parties — 

always pay to the counterparty’s account

 registered on the platform. Finally, and most importantly, 

If you've fallen victim to a P2P crypto scam, immediately report the issue to the platform, freeze your account activity to avoid unauthorized payments out of it, contact your bank or payment processor to inform them of the issue, collect documentary evidence — and, if the problem warrants it, report it to your local authorities.

Trading crypto via P2P channels can be a highly profitable and rewarding activity. While some of the above scams sound frightening, doing your 

 and sticking with the common-sense approaches and strategies we’ve outlined above should minimize your risk of falling victim to the sinister pursuits of crypto scammers.

How to Avoid P2P Crypto Scams and Fraud

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