Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. 

The S&P 500 futures fall 1.5% amid US-China trade concerns and Fed warning; over 100 companies will report earnings this week. Gold hit a record ~$3,375, up 1.43%, on safe-haven demand amid tariff and geopolitical worries. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, rose 1.80% in the past 24 hours, while Bitcoin and Ether gained 2.70% and 3.41%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is STX, up 9.4%, following the announcement of Stacks gaining institutional support with major exchange listings and custodian backing.

Stacks (STX), founded in 2013, is a cryptocurrency project that enhances the Bitcoin blockchain by enabling decentralized apps (DApps) and smart contracts without altering Bitcoin's features. It operates as a Bitcoin Layer 2 (L2) blockchain, ensuring security through Bitcoin while allowing developers to build modular applications on top of the network. 

 with its listing on top 15 exchanges, the launch of the Grayscale STX Trust, and support from top-tier custodians like BitGo, Copper, and Figment.

Check out the latest prices, charts, and data of 

Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. This proposal is part of a broader trend, with Canary also seeking approval for ETFs based on assets like XRP, Solana, and Sui. The fund would aim to provide exposure to Tron’s price, but the SEC has yet to approve staking in crypto ETFs. This move follows the success of Bitcoin and Ethereum ETFs, which have attracted significant institutional interest.

During the week of April 14–18, 2025, U.S. Bitcoin spot ETFs recorded a modest net inflow of $13.7 million, entirely from non-GBTC products, as GBTC saw no activity. Since inception, total net inflows have reached $35.5 billion, with non-GBTC ETFs contributing $58.3 billion and GBTC experiencing $22.8 billion in outflows.

Orochi Network airdrop participants can now 

 their earned $ON tokens on the Monad Testnet to increase their Bonus Level and earn rewards faster. A minimum of 50 ON is required for the first claim, and subsequent claims have no minimum. New users can still join by signing up and starting the Prover. Daily check-ins open at 6 AM UTC and fill up quickly.

Beginner

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Canary Capital files for SEC approval of Tron ETF with staking benefits

There are a total of five ways you can buy USDC on Bybit: via Bybit P2P, Bybit One-Click Buy, Auto-Invest, Bybit Card and Bybit Convert. Learn more here.

 that maintains a 1:1 value with the US dollar through full reserves held in regulated financial institutions. This stability makes USDC an attractive option for traders looking to participate in the crypto market with reduced price volatility.

In this guide, we’ll explore the multiple ways to buy USDC on Bybit, detailing five distinct purchasing methods tailored to different preferences. You'll also discover practical applications for your USDC holdings, from trading opportunities to payment solutions and investment strategies.

Whether you prefer trading directly with other users or making quick purchases with a credit card, there's an option for you. Let's examine each method in detail.

 allows individuals and businesses to buy and sell USDC via peer-to-peer mode without intermediaries. You simply transact with another trader to purchase or sell your crypto with zero fees.

There are two main parties on the P2P platform — makers and takers. Makers place ads for buying or selling cryptocurrency, while takers are the users who place orders through the existing ads created by makers. Neither makers nor takers pay any fees on completed orders.

If you decide to go the P2P route to buy your USDC, you can either place a buy ad as a maker, or select an existing offer as a taker. Placing ads is completely free, although specific trading activity requirements exist. If you're a beginning trader on the platform, and want the easiest way to purchase USDC, selecting an offer from an existing ad as a taker is probably the preferred route.

If you need to trade USDC in large volumes (typically tens or hundreds of thousands of USDC per transaction), you may also choose to consider 

, which offers high order limits — up to $200,000 per order — as well as expedited transaction processing.

 feature to complete your USDC order efficiently. HotSwap combines offers from P2P traders with liquidity options from third parties, potentially delivering more choices and options.

Steps for buying USDC via the standard P2P option

2. How to buy USDC via Bybit One-Click Buy

The One-Click Buy service lets you quickly purchase crypto using several supported payment modes: P2P, bank card payments, third-party payments and your account's fiat balance. You can use a credit or debit card (including the Mastercard-powered 

), bank transfers, Apple Pay, Google Pay and other payment methods.

 is another way to purchase USDC on Bybit. The Auto-Invest option allows you to automatically buy crypto at regular intervals using the popular 

Bybit Card is a Mastercard crypto debit card that allows you to make online payments. The card is available to users in specific regions — EEA and CH, AIFC, Australia, Brazil and Argentina — with more locations to be added in the future. It's accepted by more than 90 million merchants within the Mastercard network. Upon successfully applying for your Bybit Card, you may proceed to 

 while you order and wait for your physical card to arrive. 

It's easy to buy USDC using the Bybit Card, as you enjoy reward features like loyalty points and cashback for USDC transactions. The steps for buying USDC using the Bybit Card are nearly the same as shown above in the One-Click Buy section, the only difference being that you'll need to specify your Bybit Card as the preferred payment method.

 lets you easily swap crypto assets without directly trading through the P2P route or other channels. Using Bybit's order books, the platform matches your order with current suitable orders and executes the requested swap. By leveraging Bybit's vast trading volumes and activity, Bybit Convert enables swift and efficient swaps.

If you have non-USDC crypto funds in your account, you can take advantage of the 

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

USDC is more than just a stablecoin for trading; it offers various applications within and beyond the Bybit ecosystem.

USDC serves as a reliable base currency for trading various cryptocurrencies on Bybit.

Trading with USDC helps mitigate volatility risks between trades, as its value remains stable at approximately $1, allowing traders to preserve capital during market downturns.

USDC has emerged as a popular payment method due to its stability and wide acceptance.

Platforms on which users can make USDC payments include Travala for travel bookings, Newegg for electronics, and various crypto-friendly merchants via payment processors, such as BitPay and Coinbase Commerce.

USDC offers various investment opportunities on Bybit and beyond.

The benefit of investing with USDC is that your principal amount remains stable while generating returns, which is particularly attractive in volatile market conditions.

USDC combines dollar stability with digital efficiency on the Bybit platform. This guide has detailed five ways to purchase USDC, and explored its versatile applications for trading, payments and investing. Armed with this knowledge, you can confidently navigate Bybit's ecosystem and make the most of what USDC has to offer.

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A complete guide on how to buy USDC on Bybit

Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

Advanced

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Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

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

DeFi

Blockchain

Bifrost is cross-chain, liquid staking derivatives issuer focused on Polkadot’s ecosystems, including its parachains and relay chains.

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Due to the increasingly proven inefficiencies of 

 (PoW) blockchains, a growing number of blockchains have adopted 

 (PoS) consensus mechanisms to secure their smart contract ecosystems through 

. With this growth, a rapidly burgeoning niche has emerged in 

 (LSDs), they facilitate the staking of assets locked in PoS blockchains to provide liquidity and ensure optimal capital efficiency for asset holders.

The concept of LSD finance (LSDFi) has been taken a notch higher by the creation of heterogeneous cross-chain liquid staking platforms (such as 

) that facilitate multi-chain staking of interest-bearing LSDs.

In this article we’ll explore Bifrost Finance, a cross-chain LSDFi protocol serving parachains operating on 

 is a web3 cross-chain derivatives protocol designed to provide standardized, decentralized cross-chain liquidity for LSDs, with a focus on Polkadot relay chains and parachains, and heterogeneous chains bridged by Polkadot.

As the pioneer LSDFi project on Polkadot, Bifrost leverages Substrate technology and the Cross Consensus Message Format (XCM) to offer faster, cheaper and highly interoperable cross-chain liquid staking across nine blockchains, including 

Initially, Bifrost was launched on Kusama in October 2021, but it officially became a Polkadot parachain in June 2022 after a successful Polkadot Crowdloan auction that raised 403,658 DOT (worth around $2,022,327 at the time). Its mainnet has since migrated from Kusama to Polkadot, with BNC as the only native token for the project.

As a liquid staking parachain, Bifrost aims to aggregate liquidity from staked assets on PoS networks and convert them into interest-bearing derivatives, which helps increase capital efficiency for token holders.

Similar to popular LSD protocols such as 

, Bifrost issues reward-bearing tokens (vTokens), which are swapped at a ratio of 1:1 to the underlying assets, and can be used to earn yields across compatible chains in the DeFi ecosystem.

To achieve this decentralized re-staking of PoS tokens, Bifrost has developed the Staking Liquidity Protocol (SLP) and Slot Auction Liquidity Protocol (SALP) to improve liquidity on Polkadot’s StakeFi ecosystem.

The Bifrost platform combines several different features to unlock diverse opportunities for its users through a number of innovative liquid staking mechanisms. After significant research, the Bifrost team settled on the idea of creating wrapped assets that simplify staking and unstaking, ensuring quick redeployment of underlying assets to leverage a wide range of income streams.

The key features of Bifrost’s StakeFi ecosystem are as follows.

The Staking Liquid Protocol (SLP) was the Bitfrost’s earliest liquid staking platform. SLP uses XCM to mint vTokens, which are wrapped staking assets that can be used to provide liquidity and earn rewards from PoS assets locked in various blockchains. SLP utilizes Polkadot’s Nominators Pool, which helps lower barriers to liquid staking that have vexed the LSDFi niche.

By depositing your staked assets in the Bifrost SLP Nominators Pool, you not only get to mint interest-bearing vTokens but you also benefit from a lower 

. This is because the SLP Protocol takes on the risk for all vToken holders and employs several countermeasures, including the rapid switch of validators should a slash occur.

The Slot Auction Liquid Protocol (SALP) was developed to facilitate the release of liquidity for locked assets on Kusama and Polkadot by those participating in the Crowdloan auction initiative. The flexible lockup of derivatives encourages users to lock their DOT and KSM assets in order to participate in Crowdloan auctions.

SALP issues LSDs in the form of vsToken (vsDOT/vsKSM) or vsBond derivatives, which represent a user’s equity and redemption parameters in a given parachain. vsTokens are fungible and represent a participant’s contribution to the auction, and can be sold at any time in exchange for the original token. 

Meanwhile, the vsBond is a token that symbolizes the specific parachain and the amount of time that the user has leased their tokens to the auction. SALP then uses a bond market to pair a specific vsToken and a vsBond, based on their yield opportunities and redemption period, into a 1:1 redemption package.

Bifrost Native Coin (BNC) is the mainnet utility token of Bifrost, with an initial total supply of 80 million. BNC helps capture value and promote the healthy development of the Bifrost ecosystem through the following mechanisms:

As of Aug 16, 2023, BNC’s price was $0.225, a 96.31% drop from its all-time high (ATH) of $6.14 on Nov 03, 2021, and a 193.18% increase from its all-time low (ATL) of $0.077 a year later, in November 2022. Price prediction experts aren’t overly bullish on BNC's future value

According to forecasters at PricePrediction, 

, and could increase in price to $4.42 in 2030. Another platform, DigitalCoinPrice, 

 and believes that BNC could hit $0.83 in 2025 and rise to a maximum price of $2.34 in 2020.

LSDFi is one of the fastest-growing niches in DeFi. As an entrant in this category, Bitfrost also provides cross-chain liquid staking, which ensures capital-efficient and high-yielding opportunities for PoS asset holders.

In addition, Bifrost has focused on Polkadot’s thriving ecosystem of parachains and relay chains, which have attracted a lot of developers, due to the advanced security and ease of building. Those who lock assets in this blockchain will better be able to utilize their funds through Bifrost’s liquid staking mechanisms.

Based on the bright future of LSDFi projects and the endless possibilities Polkadot presents, we believe that Bifrost is a good investment. That said, this shouldn’t be taken as financial advice, and we highly recommend you 

As a pioneer of LSDFi on Polkadot, the Bifrost network has presented stakers on the blockchain with strategic value capture for their locked assets through cross-chain liquid staking, and its innovative SLP and SALP platforms provide users who lock their native tokens with the opportunity to earn additional rewards from vTokens, vsTokens and vsBonds across multiple chains. 

Bifrost (BNC): Cross-Chain Liquid Staking for More Rewards

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