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.

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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

Hammer candlestick is a bullish reversal pattern indicating the bear is coming. It occurs when the asset's price decline and is trading lower than the opening price level. Learn how it works.

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The hammer candlestick is one of the most popular candlestick patterns traders use to make sense of a securities’ price action. Most 

 use this candlestick to identify reliable price reversal points. Moreover, this candlestick works well in all financial markets, including forex, stocks, indices, and cryptocurrencies. 

Trading in the financial market requires considerable knowledge of technical and 

. The ultimate approach is to identify the price direction based on price action analysis. If done correctly, traders will make money. However, finding the price direction requires complex analysis and multiple confirmations using trading tools like candlesticks, price patterns, and trend recognition. 

We’ll discuss how the hammer candlestick shows a reversal in price direction after a bearish trend, and then we’ll consider a complete hammer trading strategy.

The hammer is a bullish reversal pattern that appears after a long bearish trend. It has a petite body and long lower shadow. It is a price pattern with the opening, and closing prices remain close, indicating that bears have become active but closing the price near the opening level. 

The hammer candlestick pattern shows a story about market supply and demand, easily observed by watching how the candlestick forms. A long lower shadow indicates that sellers have taken the price down, failing to hold it at the new low. Later on, buyers have joined the price from the low, successfully taking the price near the daily opening level. In general, the hammer usually appears after the price of an asset decline.

When the hammer candlestick patterns appear, it could signal that an upcoming potential reversal or 

 is about to turn. But, the price must show momentum following the hammer pattern as a confirmation.

There are two conditions that can affect the strength of the hammer’s signal: 

What Does a Hammer Candlestick Look Like?

The hammer pattern is a single candlestick pattern that has a small body. The body of a hammer candlestick can be either:

The candlestick color doesn’t carry much weight because the hammer candlestick pattern will always show a bullish signal regardless of the candle’s body color. 

The core event of a hammer candlestick happens in the lower shadow. Thus, the success rate of the candlestick depends on how long the wick is, compared to the candle’s body. Usually, a good hammer pattern should have a wick that’s two times longer than its body, whereas greater length shows more exhaustion to the price with an increased buying possibility. 

Above, we see a single candlestick with a more petite body and a long shadow. The bearish wick represents sellers’ rejection, but as a trader, we need to know more. So let’s have a look at what’s inside the hammer candlestick:

If the candlesticks in the above image were taken from a daily chart, it would represent an intraday portion showing what’s inside the hammer. Here, the H4 candles lead to a more reliable view of how sellers have joined the market and been beaten by buyers.

In the above section, we’ve seen that the hammer has a small body and a long wick. But what are the other conditions?

The bullish hammer forms when the closing price is above the opening price, indicating that buyers have become stronger in the market before the candle closes. The bullish hammer’s success rate depends on the closing price and leg’s length. A longer wick, combined with the closing price above the opening price, provides the most accurate trade.

There are many similarities between the hammer and hanging man that might confuse traders. The similarities are striking, as these are both single candle patterns that look nearly identical.

The crucial distinction between the two patterns lies in their placement relative to the previous trend. A hammer pattern forms after an extended downtrend, and suggests that selling pressure is subsiding and buyers are rushing in. That sentiment is what generates the longer wick to the downside. 

Thus, the hammer serves as a bullish signal, especially if it appears near support.

While a carbon copy of the hammer, the hanging man appears after an extended uptrend. The hanging man pattern forms as prices initially push lower, then immediately rebound higher. After an uptrend, that price action suggests that buyers are losing momentum and sellers are starting to enter the trade. 

Thus, the hanging man is a bearish signal, particularly when it emerges near a resistance level.

Another cousin to the hammer pattern is the inverted hammer. 

Both formations are bullish single-candle patterns, and price is expected to rally after they form.

The key difference between them is in their appearance. As its name suggests, the inverted hammer looks like an upside-down hammer. In the inverted hammer the price initially rises, but is promptly pushed back down. The closing price of the single candle formation is near the opening price. The candle's body (red or green) holds no significance in pattern analysis.

Both patterns emerge following a downtrend, and the signal is reinforced if the formation materializes near support.

 is another Japanese single candlestick pattern that resembles the inverted hammer. There are a couple of distinct differences between the hammer and the shooting star.

The shooting star’s wick points out of the top side of the candle’s body. This formation loosely resembles a star falling out of the sky. On the other hand, the hammer’s wick trails from the bottom of the body.

As we’ve stated previously, the hammer appears at the end of a downtrend, whereas the shooting star is formed at the end of an uptrend.

 As a result, the hammer is a bullish candlestick pattern, while the shooting star is a bearish formation.

Traders should understand the practical uses of the hammer pattern, along with other indicators, to make a profit. You can rely on the hammer candlestick as a primary element to formulate a trading strategy. Still, its accuracy can only be confirmed when used with other 

We’ll look at some of the trading strategies to use with the hammer pattern.

Strategy 1: Top-Bottom Strategy with Hammer

 create and change market trends. Most of the significant top-bottom results from strong fundamental news, but cryptocurrency also depends on the global economic condition, regulation conflict, crypto acceptance, and more. The first requirement of this strategy is to identify a strong downtrend that has broken all near-term lows. 

In the above image, a daily ETH chart, the price moves lower, breaking below the near-term low of 1800.00.

As soon as the price makes a new low, it shows the first sign of upcoming bullish pressure with an indecision candle. Later on, bears try to take the price lower but fail and close with a bullish hammer.

The ideal entry for this trading strategy is a buy stop order above the hammer’s high price, with a stop loss below the shadow with some buffer. In the above example, the trade closes with a 1:3.57 R:R as soon as a bearish pin bar appears at the resistance level.

 work as a barrier to the price, and once the price breaks above or below these levels, there’s significant price movement. However, the financial market moves like a rubber band that barely breaks the support and resistance unless there is significant news to break the chain. 

Therefore, we’ll define the price trend using 

, and while making the trade, we’ll use the hammer candlestick as an additional confirmation to the bullish trend.

The above ETH intraday chart indicates $2,332.97 working as both support and resistance to the price. The price approaches the resistance and breaks this level with intense buying pressure. Later on, the price comes lower to the support level, where investors should wait for a confirmation to enter a buy.

The buy position becomes valid as soon as a hammer candlestick appears at the support level — the 

 below the shadow with some buffer. In the above example, the trade closes with a 1:2 R:R as soon as a pin bar appears at the resistance level.

Strategy 3: Intraday Trading with Moving Average

This approach is straightforward and highly profitable if the price is within a trend. First, we have to identify that the overall market trend is bullish. Any bearish correction indicates sellers’ profit-taking, after which buying pressure may resume.

The above image shows that the price moves where the dynamic 20 EMA is working as minor support. In this context, the overall price direction is bullish, and any rejection from the dynamic 20 EMA is a buying possibility.

The buy position is valid from the hammer candlestick high, where the stop loss is below the shadow with some buffer. In the above example, the trade closes with a 1:2 R:R as soon as a pin bar appears at the resistance level.

The Pros and Cons of a Hammer Candlestick

Every candlestick has some strengths and weaknesses. No trading tool can guarantee you a 100% profit within any financial market. The hammer is a single candlestick pattern that needs additional confirmation to confirm its validity. Let’s look at its pros and cons.

The Limitations of the Hammer Candlestick

Although the hammer is a profitable indicator, it has some limitations that a trader should know before using it. 

The hammer candlestick indicates buyers regaining the momentum after an asset makes a new low. However, the buyers’ strength at the end of the day might be a sellers’ retracement. Look at the image below.

Here we see a large sell candle appearing, after which the price moves up with a correction. Therefore, when using the hammer trading strategy, monitor the speed of the retracement. A quick rebound is a sign of reversal, while a correction may lead to more selling pressure on the next day. 

The placement of the hammer candlestick is also essential. If you’re a price action trader and want to make a buy trade from every hammer pattern you see in the chart, you might make incorrect decisions. A hammer is solid if found at the bottom of a trend. However, finding a bottom is not an easy task. You can spot it by looking at the price chart. Moreover, you can use other indicators, like the RSI or stochastic oscillator. If these indicators support the hammer, you can consider its indication reliable.

If you’re a cryptocurrency trader, always follow strong money management rules and use other indicators while using the hammer. A good understanding of the market context is important to create an optimal trading strategy. Make sure to build a trading strategy using multiple trading tools that have good track records. Of course, there are plenty of candlestick patterns, always find the best that suits you the most.

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)

Hammer Candlestick: What It Is and How to Spot Crypto Trend Reversals

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