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

DeepBook is a native liquidity layer for the Sui ecosystem that uses a central limit order book system to execute trades successfully. Learn more here.

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Behind the typical crypto trade, there’s a lot of high-tech work happening. In order to smoothly manage digital asset ownership, networks need to have enough liquid tokens to handle transfers. DeepBook aims to provide this valuable service for 

 (DEXs). Its liquidity provision and order management system helps to streamline trading on the Sui network. Explore this guide to learn more about DeepBook and discover the investment potential of this fascinating project.

DeepBook is a native liquidity layer for the 

 system to execute trades successfully. DeepBook prides itself on offering high throughput with minimal slippage and low fees.

DeepBook is part of Sui's DeFI ecosystem. Sui is a standalone blockchain whose goal is to provide the benefits of web3 technology with the ease of use of Web 2.0 technology. As Sui worked to create scalable, secure and affordable infrastructure, its team began to realize that there was a need for improved wholesale liquidity. Many of the 

 projects building on Sui were asking for a way to manage liquidity more efficiently. 

Ultimately, the Sui Foundation decided to work on designing a project that would provide liquidity for any other tool built on Sui. It announced that DeepBook would be a 

 that could support the entire network and encourage more people to build on Sui’s blockchain.

Like the rest of the Sui ecosystem, DeepBook hopes to offer unparalleled convenience without having to sacrifice decentralization. It plans to operate as a native liquidity layer and function as an intermediary between buyers and sellers, without requiring sellers to give up control of their assets. Unlike 

 (CEXs), DeepBook aims to stay true to its decentralized roots and keep power in the hands of its community. To achieve this goal, the DeepBook protocol has chosen to focus on achieving the following three essential elements.

DeepBook uses the concept of a central limit order book to provide liquidity for the Sui ecosystem. The order book keeps a listing of all buy and sell orders that users submit. It then matches these requests for limit orders by both price and quantity. This creates an efficient system in which users get the prices and speeds they want. DeepBook's smart order routing engine also structures its exchange to allow pools of liquidity. If a large buy order is placed, DeepBook can combine small sell orders to meet user demands. Likewise, it can divide up large sell orders to distribute funds to multiple buyers who need smaller amounts.

DeepBook's structure is also designed to be decentralized and transparent. Though it’s run by the Sui Foundation, any interested user can join the foundation or submit proposals. The Sui community can vote on proposals and popular recommendations will be implemented in DeepBook. DeepBook's ledgers are entirely available to the public, so people can get a full list of the prices and trades that it executes.

DeepBook's liquidity provision platform provides many benefits for users.

DeepBook has a settlement time of 390 milliseconds. In addition to preventing inconvenient lagging, this fast trading ensures that there’s minimal 

 are as accurate as possible because orders are executed instantly, without time for market conditions to change. DeepBook's design allows it to retain these speeds even when handling large volumes of trading.

DeepBook's foundational liquidity layer also contributes to stable pricing, due to its substantial liquidity pools. The platform provides rewards for traders who offer liquidity, so it has large amounts of liquid tokens sitting around and waiting to be traded. This ensures that even huge orders are executed smoothly.

DeepBook is built on the same standards of 

 as the rest of the Sui community. Its code seamlessly blends with all other projects that run on the Sui network. Developers can easily insert DeepBook's wholesale liquidity into their projects without having to write a lot of extra code.

DeepBook uses a dynamic fee system that adjusts to take market demand into account. However, unlike some other platforms with DeFi protocols, prices don't increase exponentially as trading volume increases. Even during times when it seems everyone is demanding digital asset ownership fast, DeepBook supports its mission to keep fees affordable.

Over the years, Sui has added features to DeepBook to gradually improve pricing efficiency, speed and liquidity support. Version 3 of DeepBook — with a new and improved smart order routing engine — was just released in the second quarter of 2024. It’s currently available on Sui’s testnet, and will be uploaded to its mainnet soon.

 that will end up affecting DeepBook. In 2025, Sui's DeFi ecosystem will be updating a lot of its core functionalities. In addition to improved interfaces and APIs, there will also be more developer tools with DeFi protocols released. Ultimately, this will make it much easier to build on Sui, so there are likely to be more projects using the DeepBook foundational liquidity layer in the near future.

The DEEP token is an essential part of DeepBook's infrastructure. Users need the DeepBook token to pay for trading and pool creation fees. The token’s utility also includes providing rewards to market makers and allowing token holders to vote on staking requirements and fees. 

DEEP has a maximum supply of 10 billion tokens, with an initial circulating supply of 2.5 billion. The tokens will gradually be distributed and unlocked over a period of seven years.

 for ecosystem development, and 28.43% is compensation for DeepBook's core contributors and early backers. The remaining 10% of the token allocation was used for the initial DEEP community 

Since its launch in mid-October 2024, DEEP has had a slow yet steady rise in price. The coin started out selling for around $0.01, and is currently retailing for roughly $0.06447 (as of Oct 23, 2024). The positive growth of the DeepBook token has led to an overwhelmingly

, many crypto news aggregators have mentioned DEEP as one of their trending cryptos of the month. Some analysts believe the coin could easily reach over $0.10 within a few weeks. Analysis of its pricing history indicates that DEEP may even

Looking to trade DeepBook tokens? Bybit now offers the DEEP/USDT Spot trading pair and DEEPUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

The DEEP token is a promising option for investors who want a trending token backed by a sound project. Not only does the token have a lot of exciting growth, but the underlying DeepBook protocol is also doing well. Sui is a leading blockchain ecosystem, so having support from Sui ensures DeepBook will maintain a flourishing user base for quite a while. Its mission of introducing fundamental decentralization and providing digital asset ownership fast has proven to be highly popular with crypto traders.

However, even if DEEP's token utility makes it more reliable than a random 

, some volatility is still likely. Like any other cryptocurrency, random market fluctuations or unflattering news about the coin may cause prices to drop. To protect yourself from this risk, it's essential to pay close attention to portfolio allocation. Never invest more than you can afford to lose in any token, including DEEP, and make sure you also include some 

 like Bitcoin or Ethereum in your portfolio.

Ultimately, DeepBook is an excellent example of how important liquidity providers can be. Its ability to facilitate trades throughout Sui's DeFi ecosystem has made it an essential part of countless DApps and projects. Any time someone wants to experience fast, affordable and decentralized trading, DeepBook provides an ideal way to obtain liquidity. Furthermore, the project's usefulness also means its crypto is quite valuable. If you enjoy investing in up-and-coming companies, be sure to check out DEEP.

DeepBook (DEEP): The Native Liquidity Layer for Apps on Sui

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