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

Candlestick

Trading

Bear flag patterns are an important warning sign for traders to spot. In this article, we'll explain how you can do just that.

Spotting trends can be a challenging task for beginners. However, trends can help a trader to spot market movements — and come up with trading strategies that make big bucks when used correctly.

The bear flag pattern anticipates the continuation of a bearish downtrend, following a pullback, a temporary price reversal.

More often than not, experienced traders will spot trends in order to meet their investment objectives. Whether you’re a beginner or an experienced trader, here’s an overview of what you will learn about pattern trading:

A bear flag pattern is a formation that is usually distinguishable on the candlestick chart. It is formed from the flag pole, which is the steep downward move before the pullback, and the flag itself represents the actual retracement.

As it is a trend extension, the bear flag chart is regarded as a trend continuation pattern. Initially, the price pattern will trend downward until a new support level is formed. 

This is when the flag emerges in the form of an upward consolidation channel. After a while, the price breaks below the support level of the flag and continues the bearish trend. This signals cryptocurrency traders to open short positions so they may benefit from the price decline.

 is often misunderstood as a complicated financial instrument to trade in the black market. In its purest form, cryptocurrency is much like forex. It is a medium of exchange, albeit not a legal tender.

 that work in the traditional forex market can be used for trading cryptocurrencies. 

Still, Bitcoin and most of the altcoins are very volatile and unpredictable. This is why you should use risk management techniques. 

To enhance the relevance of the bear flag, you can rely on technical indicators like moving averages and keep an eye on the volume indicator. Usually, the bearish volume increases as the flag’s pole is forming, until the consolidation. This indicates that the bearish sentiment is strong and that the consolidation might be temporary.

The bear flag pattern has been used for decades in the stock, foreign exchange and commodity markets, among others. Therefore, crypto traders have adopted the bear pattern, along with the bull flag, which we will discuss further.

The bear flag pattern has two key elements: the pole and the flag. Other elements to pay attention to are the volume indicator and the breakout. Here is what you should look for on the chart:

First, you have to determine the flag pole, which coincides with the initial price decline driven by strong bearish momentum. At this point, the downward movement can be steep, while the volume indicator may ascend.

To recap, here are the main elements of the bear flag pattern:

Bear Flag and Bull Flag Patterns Explained

The bull flag pattern is the evil twin of the bear flag pattern. It shows up in bullish markets. The two patterns have similar structures. The only major difference refers to the trend direction. The bull flag pattern appears during an uptrend. Thus, the bull flag’s pole represents an ascending line. 

The flag itself is looking downward and it represents a temporary correction. Once the price breaks above the flag’s resistance line, traders are interested in opening long positions. The rules of the stop-loss and the take profit are practically the same, only inverted.

 is the volume. When the bull flag pattern shows up, the volume tends to increase during the pole and then drop during the consolidation. Nevertheless, the behavior of the volume indicator during the bear flag pattern is not the same. The indicator also increases during the flag’s pole, but it tends to sustain the same level rather than decline.

The flag shows that an existing trend has reached the oversold (in the case of a downtrend) or overbought (in the case of a bullish trend) level. The market needs a rest. Thus, after a steep price movement, the price will move in the opposite direction for a while. 

Once the pullback is over, the price continues to move in the direction of the current trend. 

To get a better signal, it makes sense to combine the flag pattern with one of the oscillators. For example, you can use the Relative Strength Index (RSI). In a bullish market, the flag elements following the pole might show up during the overbought level.

How to Trade Crypto With a Bear Flag Pattern

As compared to other chart formations, trading with the bear flag pattern is quite easy to comprehend. You can rely on the dynamics of the flag chart pattern alone to come up with a strategy to profit from the bearish market. Here are the key aspects of the standard trading system based on the flag pattern:

: The flag is a continuation pattern, but that doesn’t mean you should place the short order right after the price breaks below the flag’s support. Instead, you should 

wait for the confirmation of the downtrend to avoid a false signal

Traders typically wait for a candle to close below the flag’s support line and then go short during the next candle. Patience and discipline are very important, particularly for day traders, especially when trading volatile cryptocurrencies.

If the price is moving in an opposing direction, you should use a

. Traders typically place the stop-loss order above the resistance line of the flag. 

For example, let’s say that we trade Bitcoin on the hourly chart. If the lower line of the flag is at $42,000 and the upper line is at $43,000, you would be interested in placing the stop-loss order above $43,000.

 As mentioned above, conservative traders tend to 

use the distance between the flag’s parallel trend lines to set the profit target

. In our example, the difference between the two lines is $1,000, so we will add this amount to the price at the breakout entry point, which is $41,800. Thus, our price target is $40,800. 

More aggressive traders can use the flag’s pole (without the flag itself) to set the price target. However, the price might find a support level earlier than that. A good recommendation is to check previous strong

. If there are any, they can work this time as well, defying the pattern’s prediction.

Before placing an order, you should watch for the evolution of the bear flag pattern until the breakout point. A breakout occurs when a price movement exceeds the defined support or resistance level. The retracement of the flag should not be higher than 50% compared to the pole. 

. If the breakout occurs during these conditions, you should be ready to go short. As mentioned, be sure to look out for a candle to close below the flag’s support, and open the short position during the next candle.

To succeed in trading with flag patterns, it’s wise to always use volume as a guide when making a decision on your entry and exit point of a target price. This will help you to confirm the breakout and to speculate as to the momentum after it.

Yes, the bear flag is considered one of the most popular price action patterns, along with double top, and head and shoulders. Still, it doesn’t mean that all of the signals it provides will be 100% accurate, especially when you trade cryptocurrencies. To limit potential losses in case the price defies the pattern’s rules, use risk management techniques. The stop-loss is one of the most basic yet powerful risk management tools that you may implement. Another great method is to follow the 1% rule, which suggests that you should not spend more than 1% on a single trade.

Here are the main advantages of the bear flag pattern:

As with any pattern or technical analysis strategy, a trader should be aware of the risks accompanying trading patterns. Here are the main downsides of the formation:

While you might be tempted to trade with technical analysis on shorter time frames, the best results can be achieved on longer ones. For example, you can implement flag-related strategies on the H4 time frame and higher.

To minimize risks and potential losses, a savvy crypto trader will practice the pattern’s rules on a demo account, or start with small amounts of funds. This will help you to more easily identify the flag formations, and implement the rules accordingly.

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

What Is a Bear Flag Pattern? How to Use it to Trade Crypto Effectively

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