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

The dark cloud cover pattern tells traders that there is a potential correction ahead. But how to spot it & how reliable it is? Learn more.

Dark-Cloud-Pattern.jpg

 that crypto traders use to spot bearish reversals within the market. The pattern is fairly easy to spot and read. When traders see it, they use the pattern as a signal to enter short positions or possibly to exit long positions. 

However, the pattern should not be viewed in isolation. It’s best to get confirmation from other technical signals, like divergence on oscillators, or to see the pattern developing at an area of resistance before taking action.

When enough evidence is present, placing a bearish trade from the pattern is simple.

The Dark Cloud Cover is a bearish two-candlestick pattern in which the first candle is a large bullish range. It is followed by a bearish second candle with gaps higher on the open but closes in the lower half of the first candle’s price range.

Technical traders use the Dark Cloud Cover pattern to signal the start of a potential correction. If identified correctly, crypto traders can use the signal to exit long trades or possibly enter short positions.

The Dark Cloud Cover pattern looks like two opposing candlesticks, a large green bullish candle followed by a large red stick. Most of the price action undertaken by the green candle is unwound when the red candle is completed.

This price action indicates a developing bearish reversal in the market. Buyers appear to hold control initially, but then sellers step in and retrace a lot of the progress made.

The net effect of these two candles is that much buying power is utilized, but only to drive the price a little higher. Buyers are losing momentum, and the market is at risk of further consolidation — or outright reversal.

The Dark Cloud Cover candlestick pattern can be found in all markets, but it’s especially useful in identifying reversals on crypto charts. In addition, this candlestick formation can be spotted on all chart time frames.

How to Identify a Dark Cloud Cover Pattern

The structure of the two-candle Dark Cloud Cover pattern is fairly simple.

1 — Larger than an average bullish green candle

2 — The gap higher on the open of the second candle

3 — Large bearish red candle that retraces at least 50% of the first candle

The first candle is a bullish green candle with a larger price range than the average candle on the chart. This is important to the setup of the pattern, as it indicates a large amount of buying interest in the market.

The second candle will gap higher on its open, then work lower, finishing in the lower half of the first candle’s body (previous candle). This price action suggests an exhaustive bullish move, as the price is quickly retraced lower.

More aggressive traders may consider opening a short trade on the open of the next candle. For traders who opened an existing long position in the market, this bearish Dark Cloud Cover pattern signals the possibility of exiting all or part of the long trade.

When looking for the Dark Cloud Cover pattern in crypto charts, it’s important to note that gaps within the 

 are a rare occurrence. This is due to the 24-hour trading that’s available for crypto. In essence, there is no open or close trading in crypto, which is the most common reason price gaps appear on charts.

To accommodate this nuance within crypto, you want to see a large-bodied red candle that retraces more than 50% of the large-bodied green candle which comes right before it.

Aside from the three critical elements of the Dark Cloud Cover pattern noted above, other criteria strengthen the signal. 

First of all, the candlestick pattern is bearish, so it works best at the end of an uptrend. If the market is moving lower, then this pattern occurs doesn’t provide a good risk-to-reward ratio opportunity.

Secondly, you may find oscillators and other 

 displaying overbought values, as the trend has been strongly planted to the upside. As these oscillators turn lower, they’re likely to diverge from the price action, creating a lower high on the oscillator but a higher high on price.

At this stage, the uptrend is still in force but has weakened substantially. This could be due to a wave relationship or resistance level looming overhead. Either way, the market tries to rally one last time, but that rally is met with strong resistance — and a big red candle carving the Dark Cloud Cover pattern.

The Dark Cloud Cover pattern above suggests the market is changing from an uptrend to a downtrend. A break of support will confirm the trend has changed, opening the door for a deeper correction.

Crypto traders use the pattern with other technical signals to enter into new short positions or exit signals to close out long positions.

The Dark Cloud Cover pattern by itself is a simple two-candle pattern. However, identifying it correctly on a crypto chart requires careful consideration of other criteria.

Here is an example of an 8-hour Ether chart. ETH was in a strong uptrend with nearly 100% gains, but those gains started to slow down in early May 2021.

 (RSI) oscillator was consistently in overbought territory. However, the rally lost momentum as RSI began showing lower highs while Ether’s price continued to all-time highs.

Shortly thereafter, the Dark Cloud Cover candlestick pattern appears. The first green candle shoots higher to new all-time highs. Then the second candle of the pattern, the red candle, closes in the lower half of the range of the first green candle.

This indicates that the uptrend is losing its momentum, signaling a downturn. However, the market is at all-time highs, so it is difficult to tell for sure that a bearish reversal pattern would show or be sure trend reversal is approaching.

A trader will want to add a trend line that encompasses the uptrend to gain an additional sense of when the market’s mood is changing from uptrend to downtrend. Where the trend line breaks, the trader will have confirmation that a correction is at hand. 

You can also look to horizontal levels of support and wait for price action to break it. Then you can initiate a short position or use the opportunity to exit long positions.

Once the trend line is broken, ETH begins a sharp correction that drains about 55% of the value out of Ethereum. This correction was forecast with the combination of the Dark Cloud Cover candlestick pattern, RSI divergence, and a support trend line break. 

How to Trade the Dark Cloud Cover Pattern

Once you’ve spotted a Dark Cloud Cover pattern, trading it is fairly simple. There are multiple ways to trade, based on whether you’re a more conservative or aggressive trader. 

The more conservative approach allows you to witness additional trend confirmations before entering short. The more aggressive approach puts you in the short trade quicker but with greater potential to act on a false signal and get stopped out of the trade.

Let’s explore each of these approaches on a recent Dark Cloud Cover for Bitcoin.

Before the pattern manifests, we need to see a prior uptrend. From July 16 to August 17, 2020, the price of Bitcoin rallies 38%.

Next, we need to see a larger-than-average bullish candle driving higher to form the first candle of the pattern. The second candle of the pattern needs to retrace at least 50% of the price range of the first candle.

In the example above, the second candle of the pattern finishes near the lower portion of the range of the first candle. Both candles are carved with larger-than-average bodies.

At this point, the market is giving us clues about a potential turn lower or perhaps a pause in the uptrend. We can look to other classic 

The glaring clue above is the formation of the Dark Cloud Cover pattern at a strong level of horizontal resistance. On August 6, 2019, Bitcoin’s price rallies were reversed at $12,342.50, creating a horizontal resistance level.

Astute market participants are watching as this bearish Japanese candlestick pattern occurs near this important level of resistance. 

Additionally, we can see the RSI oscillator diverging against Bitcoin’s price. This is yet another bearish symptom, suggesting the market may turn lower.

At this point, the opportunity appears strong, so an aggressive trader can initiate a short position on the open of the next candle. The stop loss would be placed just above the recent swing high, which is likely to be the high of the pattern.

Traders look to target at least twice the distance to their stop loss. This gives the trader a 1:2 risk-to-reward ratio.

There are times when clues to a turn lower aren’t as strong, and the trader may want to be more conservative in their setup. Conservative traders can look for a break of a support trend line to provide the confirmation needed to initiate a short trade.

The trade setup would be similar to the aggressive approach, where the stop loss is placed just above the swing high in the same place. However, the entry price will be lower as we await additional levels of confirmation. This means our target price also needs to be lowered to maintain the 1:2 risk-to-reward ratio.

Dark Cloud Cover vs. Bearish Engulfing: The Differences

To a newer trader, the Dark Cloud Cover may resemble the Bearish Engulfing candlestick pattern. Indeed, they possess some similarities, but there are a couple of differences.

The similarities are that both candlestick patterns are two-candle formations created after an uptrend. However, there are two general differences between them.

First, the Dark Cloud Cover requires the candle price ranges to be larger than average. Within the Bearish Engulfing pattern, the first candle has no size specifications.

Additionally, the second candle of the Dark Cloud Cover pattern needs to cover only 50% of the first candle. In the Bearish Engulfing, the second candle must completely engulf the body of the first candle. Therefore, the Bearish Engulfing pattern has to overlap 100% of the first candle, which could be small, but the size of the candles in the Dark Cloud Cover will be larger than average. 

Is the Dark Cloud Cover Pattern Reliable?

By itself, the pattern only suggests the potential for consolidation or a lower turn. Therefore, the trader needs to seek out confirmation signals from other technical analysis tools.

For example, not all Dark Cloud Cover patterns will form near resistance. But if they do, it provides a strong signal. All forms of resistance apply, whether trend line resistance, horizontal resistance, or a Fibonacci retracement level.

Additionally, this pattern tends to appear after an uptrend. Therefore, the indicators and oscillators will signify overbought. If the pattern appears while your indicators are flashing a sell signal, then that combination of confirmations strengthens the signal.

Again, the Dark Cloud Cover pattern can appear on all time frames of crypto charts. The longer time frame charts tend to offer more reliability than shorter, minute charts because the former’s risk-to-reward ratios tend to be better.

The Dark Cloud Cover is a Japanese candlestick pattern that is easy to spot on all time frames of crypto price charts. When correctly identified, this pattern can easily be used to set up your entry and exit signals. 

However, taken in isolation, the pattern can generate false signals. It is best for you to confirm the signals with technical indicators and further confirm the trend with 

. Whether you’re a novice trader, always trade responsibly and do your due diligence to assess the 

 before jumping into the crypto bandwagon. That is especially 

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 Dark Cloud Cover Pattern to Trade Crypto

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