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

Morning star pattern is a bullish reversal pattern that tells you buyers are dominating the market. Thus, an uptrend is coming. But how to spot them? Learn more here.

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 that works well in every financial market as a typical bullish pattern. Most price action traders use this pattern to identify the potential buying point of a trading instrument. 

Candlestick trading is commonly used in the cryptocurrency market; not only it helps traders to assess the market trends, but the implementation of modern candlestick charting on most trading platforms also makes them extremely accessible. Still, the cryptocurrency market is new and still emerging, compared to the traditional forex (FX) or stock markets, where investors face a lack of sufficient previous data important for using candlestick analysis. However, for most of the top-tier crypto coins, there is a fair amount of historical data available so that you can easily apply candlestick analysis to it. 

The morning star candlestick is usually used for 

 as it provides similar price action to other formations, such as 

Without further ado, let’s get down to the nuts and bolts of the morning star pattern in the cryptocurrency market.

What Is the Morning Star Candlestick Pattern?

A morning star pattern is a bullish reversal pattern that appears at the bottom of a downtrend. It indicates that sellers have lost their momentum, and buyers have taken control over the price in an uptrend.

It is a combination of multiple candlesticks with a U-shape, indicating a shift in the trend direction. This pattern is very effective when the price moves down for a considerable time, but a reversal of momentum seems at hand. 

The morning star candlestick pattern is a combination of three candles with the following characteristics:

The image represents what the morning star pattern looks like.

Usually, the ideal morning star reversal pattern develops at a significant support level or at the bottom of a downtrend, which provides the maximum accuracy for going long. This is because the financial market moves like a zigzag by creating swing lows and swing highs. 

Whenever the price moves back from the swing level, it leaves some signs that the prevailing trend is about to end and a new trend is about to start. The same theory applies to the morning star pattern. 

This pattern represents a story about the market in which buyers remain active in the price on Day 1. On Day 2, the price opens with a downward gap, indicating that sellers are still active and aggressive. However, the sellers barely make a new low at the end of the day, pointing out that they’re losing momentum. This is the primary sign of an upcoming morning star pattern. A strong bullish candle appears on the third candle, eliminating the bearish price action of Day 2.

The formation of the morning star pattern.


The above image shows the exact formation of the morning star pattern in the price chart. Day 3 opens with a bullish cap and closes higher above Day 2. Some common aspects of this pattern are as follows:

How to Identify a Morning Star on Crypto Charts

In the above section, we’ve seen how the morning star pattern develops within three days. Now let’s move to identify this pattern in any financial market.

Identify the Bottom (Ending of a Bearish Trend)

At first, you have to find a bearish trend that’s easy to spot on the chart by observing lower lows in the price. However, finding the bottom is essential. In this case, the bottom means the last part of the bearish trend from which bulls may regain momentum.

You can define the bottom using horizontal or dynamic support. You don’t have to wait for confirmation from the support level. Instead, start monitoring the price as soon as it reaches the support level.

The above image shows the price moving downward (downtrend) and reaching a horizontal support level. We can therefore say that the price may have found a bottom. Moreover, you can use dynamic support like 20 EMA to identify the bottom. If the gap between the dynamic 20 EMA and price extends, the price has a higher possibility of making a bottom and then reversing.

As soon as the price reaches the bottom, we should find three candles as discussed in the above section. Here the second candle should be smaller than the first candle and should open with a bearish gap. However, the gap is not mandatory. This is because, in some cases, the price may open without a gap due to less volatility in it.

If the second candle’s body remains within 50% of the first candle’s body, we can consider the pattern to be valid. But the most important part of all is the third candle.

The third candle should appear with an impulsive bullish pressure, eliminating the price action of the second candle. We can define the probability of the trade by looking at the third candle as follows:

When three candles appear with these conditions, we can consider the pattern to be valid.

How to Spot Bullish Reversal Pattern Using the Morning Star

This section discusses the strategy to identify the morning star pattern in the cryptocurrency market using a real chart. 

Previously, we’ve seen that the morning star is a bullish pattern that appears after a strong bearish trend. Therefore, at first, you have to find a selling market that moves down for a considerable time:

The above image is a BTCUSD daily chart in which the price moves down from $62,000 to the $51,912 event level, with a bearish pressure. First, however, look at the daily bearish candle that hits the event level. It’s smaller than the previous candle and opens with a gap. 

Here we can see a strong bullish daily candle that eliminates the previous day’s selling pressure and closes the candle above Day 1’s high. If we compare the last 3 days’ candle formation with the conditions for the morning star pattern, we see that they’ve matched. 

Look at the image below to see what happens next:

We can see that the price moves higher from the morning star pattern, ultimately breaking above the previous swing high. 

Next, we’ll look at how we can open a buy trade using the morning star pattern. 

The aggressive approach is opening a buy-stop order above the third candle’s high, with some buffer. Here, the third candle indicates that buyers have entered the market by eliminating all the selling pressure. Now buyers are ready to take the price higher by creating new and higher highs. Therefore, putting a buy-stop order will automate the entry once the price moves higher on the next day. In that case, the ideal stop loss will be below the second candle’s low, with some buffer.

The above image shows how the buy-stop order works, providing a 1:1.8 risk-to-reward-based profit. 

Another approach is the conservative one, in which traders wait for a correction before opening the buy trade. In that case, they can open a buy trade from a 30% or 50% correction of the third candle’s body instead of buying from the candle’s high. 

The conservative approach has a better risk-to-reward ratio than the aggressive approach, but there is a possibility of missing out on the trade. In addition, there’s no guarantee that the price will correct lower after forming the morning star pattern. Therefore, the optimum approach is opening the 50% position with the aggressive approach and another 50% position with the conservative approach.

Morning Star vs. Evening Star: The Differences

The evening star is another similar technical indicator but signals bearish reversal momentum. The evening star forms at the top of a price uptrend, signifying that the uptrend is nearing its end where the potential reversal (bearish sign) is approaching. The key highlight to the evening star is the ideal pattern rarely appears in technical analysis. If it does, the signal is usually reliable, and a strong downtrend is on the way.

We’ve illustrated the evening star pattern in the image below.

The evening star pattern is a combination of three candlesticks with the following characteristics:

Now let’s move to the key differences between the morning star and evening star candlestick patterns: 

How Reliable Is the Morning Star Pattern?

Morning star is a powerful candlestick pattern, and most price action traders use it in their trading strategies. However, in financial trading, no pattern can guarantee you a 100% profit. Nevertheless, this pattern is very effective from the bottom, and it represents a story about the market regarding buyers’ failure and sellers’ presence. As a result, traders can easily understand what’s happening in the market — and make an informed guess as to what may happen next. 

Moreover, its reliability depends on how candles are forming. If the third candle eliminates the price action of the first and second candles by engulfing the price action, we can consider the buying possibility to be strong. 

However, the morning star pattern has a lower possibility of working out from a random place because there is no way to say that the current trend has weakened. Therefore, the morning star success rate depends on the price trend, levels, candle formation, and 

. Therefore, traders should consider other factors besides the candlestick pattern to increase its probability of success. 

Even if you have a maximum probability of trading, there is a possibility of failure in using this pattern. Therefore, make sure to follow a risk management system and always use stop loss in every trade.

Like other candlestick patterns, the morning star has some limitations. Let’s have a look at them:

A valid morning star pattern is one of the most reliable 

 indicating a bullish reversal after a long bearish trend. Although this pattern is very effective, traders should do extensive research and practice in a demo account to test the pattern’s effectiveness. Another thing that a trader may consider is the risk associated with the financial market. 

Since the cryptocurrency market is very volatile, with the possibility of uncertainty at any time. A 

 and a strong upward and downward trend can happen in a split second. Therefore, always stay discipline with your risk management strategy as even the most perfect candlestick formation can’t predict the future. For a best result, always confirm the chart patterns with the trading volume other technical indicators like the 

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)

Morning Star Pattern: How to Identify a Bullish Reversal in Crypto

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