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

Bybit Learn

DeFi

Chainflip is a decentralized crypto exchange and AMM. It can be used to process transactions that seamlessly transition from one blockchain to another.

As the modern crypto space develops, cross-chain communication is becoming more and more important. Cross-chain capabilities allow people to move crypto and complex 

Unfortunately, it can be hard to manage these sorts of transactions without relying on centralized exchanges (

. A new project called Chainflip hopes to provide a more effective, decentralized way of performing cross-chain swaps. Keep reading to see how Chainflip works and to decide whether you want to invest in the system.

 is a cross-chain decentralized crypto exchange and automated market maker (

). People can use Chainflip networks to process transactions that seamlessly transition from one blockchain to another. The system is designed to be secure, permissionless and endlessly versatile.

. Before he became the founder and CEO of Chainflip, Harman was best known for creating the 

 secure messaging app and working with the 

During his work with Session and Oxen, Harman began exploring topics related to decentralization and users' rights, eventually identifying a need for a decentralized cross-chain platform. Although Chainflip is heavily inspired by 

, the platform hopes to provide more multi-blockchain services.

 is to create a decentralized exchange that allows on-chain 

. While this might sound simple, it required the team to tackle several problems.

First, they needed to design a system that would provide seamless integration for users. Instead of requiring multi-step complex smart contracts, Chainflip wanted a system in which the single click of a button could swap assets across chains.

Chainflip also needed to tackle the problem of 

. When moving assets between chains, minor fluctuations in price can cause users to end up losing large amounts of money. To prevent this, Chainflip needed to find a solution that would involve reliable 

 who could provide their own liquidity to the platform.

Finally, Chainflip wanted to create a system that would be decentralized but would still be secure. They focused on designing a blockchain technology that empowers users to trade on the crypto market without allowing any malicious actor to take over the exchange.

Chainflip's cross-chain solution relies on a system of 

. These wallets are hosted on multiple blockchains simultaneously and contain liquidity provided by community members. Chainflip’s system uses this liquidity provision when it enables cross-chain swaps.

 then tracks all Vault balances and user requests. With a complex set of accounting contracts on the State Chain, Chainflip can take one type of cryptocurrency from a user and immediately transform it into their requested type of crypto. By using the 

 protocol, the State Chain trades assets as account balances instead of as inefficient wrapped tokens.

The Chainflip State Chain, liquidity provider network and Vaults are all secured with multi-party computation, a cryptographic method of maintaining users’ anonymity. A network of 150 validators holds aggregate keys and uses threshold signature schemes (TSS), which create a single signature from multiple signers, to verify transactions. The Chainflip State Chain requires validators to submit collateral in order to participate, and transactions are only finalized when they reach consensus.

Chainflip aims to offer users a broad range of features that takes into account the multi-chain nature of the modern crypto space. When you work with the Chainflip system, you can access these helpful services.

Chainflip's custom automated market maker is called the Just in Time AMM because it only swaps tokens at the last moment of the trade. The system works by gathering liquidity from the 

 program, collecting a bundle of requested token swaps and then processing them in a single step. This processing order prevents front-running, a type of insider trading, and reduces slippage for investors in the crypto market.

Chainflip provides fully native cross-chain swaps. Users can complete these swaps in a single step as they enter the details of their transaction, sit back and let Chainflip handle the rest. This method of native swaps is often called "fire and forget" because it's so straightforward. The State Chain takes tokens from one chain and directly deposits the requested digital assets into the user's wallet.

Those interested in earning money as liquidity providers can set up a liquidity provision account with the Chainflip system. This allows them to participate in the liquidity mining program and 

 their own liquidity as collateral for cross-chain swaps. Participants earn fees ranging from 0.05% to 0.20%, depending upon which liquidity pools they choose to participate in.

While Chainflip enables cross-chain swaps, it also hopes to provide another type of cross-chain solution for customers. Developers can use Chainflip’s architecture to pass messages and other digital assets between chains. This allows people to create complex smart contracts for web3 products.

So far, Chainflip’s system has launched a persistent testnet, finalized the Chainflip State Chain design, released its initial token supply and passed a full security audit. Its 

 is now pivoting to focus on mainnet initialization and token growth.

As of November 2023, Chainflip’s validator auction system is finally going live, so FLIP token holders will be able to stake their tokens and participate in the validation network. Starting in 2024, Chainflip will expand the number of chains available on their mainnet. They also hope to create more seamless integration with popular wallet brands, and add an auxiliary chain to help reduce gas fees.

 token that’s used to run the Chainflip system. Its primary function is to be used as 

 in validator auctions. It can also be used to help manage the liquidity provider system and provide transaction fees to Chainflip network participants.

FLIP has an elastic token supply due to the decision to regularly 

 from transaction fees. At the time of the token generation event, the initial token supply was 100 million tokens. Currently, the FLIP token has a total supply of 90 million, but this number will decrease as tokens are burned. 

Since its release, the FLIP token’s price has soared. After initially debuting at around $2.33, FLIP shot up to its all-time high of $7.23 on Nov 25, 2023. On its first day of trading alone its price more than tripled.

According to experts at DigitalCoinPrice, Chainflip’s price is 

 a new high of $11.05 by the end of 2023, and to rise to $18.32 in 2025 and $52.42 in 2030. This positive growth is supported by 

 BeInCrypto, albeit less bullish, which predicts that Chainflip’s price will increase to $5.72 in 2025. 

Looking to trade Chainflip tokens? Bybit now offers the FLIP/USDT Spot trading pair. To get started, you’ll first need to register a Bybit account and fund it with cryptocurrency before navigating to the 

To celebrate this listing, Bybit is also holding 

 where you can earn a share of the 87,000 FLIP and 60,000 USDT prize pools!

. The first 3,250 new users who complete the following two steps between Nov 22, 2023, 10AM UTC and Dec 5, 2023, 11:59PM UTC will receive 20 FLIP each:

If you’re already a Bybit user (prior to Nov 22, 2023, 10AM UTC), no worries — because you can still earn 10 FLIP! Simply accumulate a deposit volume of at least 100 USDT worth of FLIP, or deposit 100 USDT and buy any amount of FLIP using your Bybit account. Please note that rewards will be distributed on a first come, first served basis to the first 2,000 users.

, is being held from Nov 23, 2023, 10AM UTC through Dec 5, 2023, 11:59PM UTC. Simply trade the FLIP/USDT Spot trading pair and accumulate a Spot trading volume worth at least 200 USDT during the event period to grab a share of the prize pool.

Please note that your ranking will be determined by your trading volume. If you rank higher, you’ll receive more rewards in return.

, will be held from Nov 23, 2023, 10AM UTC through Dec 5, 2023, 11:59PM UTC. Invite your friends to sign up for a Bybit account with your referral code and complete both steps above for new users in the 

. You’ll receive 3 FLIP for every successful referral. 

With its ability to perform native cross-chain swaps in a decentralized environment, Chainflip has attracted a lot of interest. People's excitement about Chainflip’s ability to swap assets has translated to skyrocketing prices for the exchange's utility coin. Since its efficient market structure offers a service not available elsewhere in the crypto space, Chainflip and its token have a promising future.

However, keep in mind that FLIP will probably experience volatility in the upcoming months. If FLIP follows the pricing patterns of other promising startups’ tokens, expect to see spikes in price when the coin is trending, followed by dips when investors fear the bubble is about to burst. Investors should always exercise caution and avoid overextending themselves. This is not financial advice, and readers are recommended to 

Chainflip is a unique project that allows users to seamlessly interact with the multi-chain nature of crypto. Traders can use Chainflip’s efficient market structure to perform cross-chain swaps without excessive slippage, and developers can use it to design exciting new on-chain crypto projects. Chainflip’s blockchain technology has the potential to become an essential tool for crypto users.

Chainflip (FLIP): Seamless Token Swapping Across Major Chains

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