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

2.png

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.

how to buy usdc.png

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

21 Apr 2025 weekly newsletter.png

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.

1.png

Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Candlestick

Trading

Marubozu candlestick is a lesser-known technical indicator. But did you know it is effective to predict the future price direction of an asset?

Marubozu.jpg

Marubozu_Pattern.jpg

Blow-off_Top.jpg

Japanese_candlestick.png

Marubozu_is_the_sole_differentiator_between_bullish_and_bearish.jpg

Bullish_Marubozu_Pattern.png

Bearish_Marubozu_Pattern.jpg

Trade_the_Bullish_Marubozu.png

How_to_Trade_the_Bearish_Marubozu.png

Bearish_in_June_1.jpg

2-hour_Bitcoin_example.png

Marubozu_vs._Engulfing_Pattern.jpg

The Marubozu candlestick is a lesser-known pattern among crypto traders, as it’s rare to find it on trading charts. However, Marubozu formations are easy to identify once you know what to look for. Once the Marubozu pattern is spotted, you can determine how effective its signal may be based on the pattern’s location within a larger trend.

While not occurring frequently, Marubozu patterns can be found on any chart time frame for any cryptocurrency. In this article, we’ll discuss what the Marubozu candlestick pattern looks like, and how to trade it once you’ve spotted it.

We’ll also review other indicators you can use to confirm a Marubozu pattern, and what limitations exist for trading it.

What Is the Marubozu Candlestick Pattern?

A one-candle pattern, the Marubozu candles look like a rectangular block because it has no wicks (or upper and lower shadows). It is a 

 used to predict the future direction of an asset’s price.

The pattern can be colored either red (bearish) or green (bullish, sometimes colored black). Candlestick patterns and interpretations originated in Japan in the 18th century. Marubozu is a Japanese word meaning “bald” or “shaved head” — which makes sense, as the pattern is missing a wick to the topside. 

The Marubozu pattern is simple and straightforward, though many experienced traders may not have heard of it. Its lack of popularity among traders may have more to do with its rarity than its actual utility.

The message behind the Marubozu pattern is simple: prices which trade strongly in one direction can often lead to a continuation and follow-through.

There are three different places within a larger trend where the Marubozu pattern may form:

There are times when a trend reverses slowly in an almost stealth-like manner. At such times, an important news announcement may add fuel to the new trend as prices move strongly in one direction. In a case like this, a Marubozu candlestick pattern may be found early in the new trend.

Marubozu Pattern in the Middle of a Trend

, as a trend reverses, a battle may be waged in which the followers of the old trend are still hopeful it will continue. At the same time, traders who believe a new trend has started cast their vote via their trades. Initially, there’s a struggle, and then a flashpoint appears when the new trend breaks out.

During this breakout, the old trend’s followers have relinquished control. Everyone is on board with the new trend. Because the supply of buyers and sellers is lopsided, the trend takes off with strength. Marubozu candle patterns are frequently found during the middle of market trends.

A Blow-off Top may House a Marubozu Pattern

A blow-off top is the end of a mature rally, with price appreciation accelerating in a last gasp of fear of missing out (FOMO). 

By the end of the trend, the whales have exited, and the market reverses course shortly thereafter. 

What Does a Marubozu Candle Pattern Look Like?

A Japanese candlestick generally has two portions to its formation: the body and the wicks, also called shadows.

Protruding from either end of the body is a small stick called the wick or shadow.

What makes the Marubozu formation unique is that it’s missing shadows, or wicks. This gives the pattern a big rectangular block look.

The color of the Marubozu is the sole differentiator between bullish and bearish.

Identifying the Marubozu Candlestick Pattern

The Marubozu pattern indicates that a cryptocurrency has been trading strongly in one direction, as it opens at one extreme and then closes at the other. Prices have not traded outside of the opening and closing price extremes, implying that a strong directional trade has been taking place.

To distinguish a bullish Marubozu pattern from a bearish one, simply consider the color of the candlestick’s body.

The bullish Marubozu candles pattern implies that the price opened at the lowest point and closed at the highest point. This happened because buyers were in control of the price for the duration of the candle’s construction.

The color of a bullish Marubozu will be green, blue or white.

The bearish Marubozu pattern, formed when prices open at the high price for the candle’s formation and close at the lowest point. In essence, the open is the same price as the high, and the close is the same price as the low.

The color of the bearish Marubozu candlestick will be either red or black.

Using the Marubozu Candle to Trade Crypto

As mentioned, although Marubozu candle formations can be found on any time frame chart, they are fairly rare. When they do appear, the one-candle formation with no wicks suggests strength in the current trend. The pattern signals it could be either a strong uptrend, or a strong downtrend.

The bullish Marubozu forms when the price trades swiftly to the upside. The candle’s open forms the low price, and the Marubozu closes the candle at the high price. 

Once you spot the Marubozu pattern, consider the part of the larger trend in which it has formed.

In the 2-hour Bitcoin chart above, the bullish Marubozu appears right after another strong bullish candlestick, which loosely resembles a bullish Marubozu. This double combination appears toward the beginning of a new trend, which suggests that the trend is just starting.

You’ll rarely see an isolated Marubozu running against the main trend all by itself. So when the bullish Marubozu appears, the trader can expect more upside potential.

As a result, opening the trade on the next candle — while placing a stop loss just below the swing low — is one way to trade the bullish Marubozu.

The bearish Marubozu is created when the candle opens near the high opening price and closes on the low. This candle suggests a strong downward trend has been in force, leaving behind a big red or black candle with no wicks.

Shortly after Bitcoin topped in April 2021, the cryptocurrency market began to correct lower.

On April 15, the Ethereum 1-hour chart above carves a bearish Marubozu candle pattern, suggesting a strong downtrend (bearish trend). When we look at the price action unfolding prior to this candle pattern, we can see that the market is already correcting lower.

As a result, the bearish Marubozu appears in the middle of the trend, when the bulls are giving up and market participants are turning bearish.

When the bearish Marubozu appears toward the beginning or middle of a trend, the best way to trade it is by opening on the next candle and placing a stop loss just beyond the recent swing high.

With the benefit of hindsight, we can see how this bearish Marubozu is just a small piece of the larger bear trend that unfolded around June.

Indicators to Confirm the Marubozu Candlestick Pattern

When analyzing Japanese candlestick patterns, it’s best to view them within the context of larger trends, rather than in isolation.

For example, it’s best if a bullish Marubozu candle pattern forms shortly after a bounce higher from a support level like a 

Going back to the 2-hour Bitcoin example above, the price bounces higher off of the 200-period simple moving average on the chart. This bullish bounce from an important support level indicates the bull trend is still in force.

Sure enough, as the bullish Marubozu candle pattern develops, the price action is breaking above a shorter-term resistance trend line. Multiple pieces of confirmation exist between the bullish bounce at support and the bullish breakout above resistance. These are signs of the larger bull rally that may carry significantly higher.

It’s rare for the Marubozu candle formation to develop right at levels of support or resistance because Marubozu tends to be a continuation pattern. Therefore, look for prices that have recently bounced higher from support to carve a bullish Marubozu, or fall from resistance and then form a bearish Marubozu.

One thing that’s clear when a Marubozu candle pattern is spotted is that a strong trend has powered prices to the high or low extreme of the time period. Generally, this type of price action implies the continuation of a trend.

However, this price action is backward-looking, and the location of the Marubozu within the larger trend is critical to its potential rewards. For example, if the Marubozu appears toward the end of the trend in a blow-off, it actually sets the stage for a trend reversal, not a continuation.

If the Marubozu appears in the middle of the trend, a trading opportunity does exist. However, that opportunity will not be as rewarding as if the Marubozu had appeared at the beginning of a new trend.

So, the location of the Marubozu within the context of the larger trend is important for generating positive signals. Stay away from Marubozu formations toward the end of mature trends — unless you’re on the watch for the appearance of a reversal.

Marubozu vs. Engulfing Pattern: The Differences

The Marubozu candle pattern looks similar to the engulfing pattern. For example, both patterns typically have big and tall candles involved in their creation.

However, there are a couple of important differences to help you distinguish between the two formations.

First, the Marubozu is a one-candle formation, whereas the engulfing is a two-candle formation. Is it possible for the second candle of the bullish engulfing to be a bullish Marubozu within the crypto market? In theory, it is possible. Practically speaking, though, it’s not likely.

 is useful because it gaps to a new low, thereby creating a body that engulfs that of the previous candlestick. In theory, this could happen in crypto, but it would be extremely rare. This is because crypto trades 24 hours per day, 7 days a week. Continuous trading is taking place, which means continuous pricing.

For crypto to gap, there needs to be an event that creates confusion in the market, such as an important news story which causes liquidity to be pulled. In essence, the main liquidity providers would become concerned or confused, pulling back their offerings. This type of scenario would need to occur when an old candle has closed and a new candle is opening. As a result, this is an extremely rare occurrence.

Additionally, the engulfing candle is a reversal pattern. The Marubozu tends to be a continuation pattern, unless it appears at the end of a trend.

Therefore, in theory, it’s possible that the Marubozu could be the second candle of an engulfing pattern. However, this is highly unlikely.

The Marubozu candlestick pattern is generally great to assess the 

 as it signals a continuation of a current trend. When this pattern is spotted on a crypto chart, especially if it’s early within a new trend, the buying pressure pushes the cryptocurrency’s price, thus continuing to trade higher.

If the Marubozu is spotted toward the end of a mature trend, then beware: it could signal a reversal lurking nearby. Though the Marubozu formation is easy to identify, its usefulness is contingent upon analyzing its location within a larger trend. While this technical indicator can provide analytical insights about the future direction of a price, trading cryptocurrencies require you to be vigilant about the broad perspective of the market. The use of 

 with a combination of other technical indicators is highly recommended.

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)

How to Use Marubozu Candlestick Pattern to Predict the Trend Direction

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Weekly Leaderboard