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

Altcoins

Staking

Explainers

ether.fi (ETHFI) is a decentralized staking protocol that offers a variety of flexible Ethereum staking and restaking services

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, opened up new opportunities for investors to earn ETH rewards while contributing to the network’s security and operations. A plethora of 

 and restaking platforms quickly surfaced in the aftermath of The Merge. Many of these offered 

 services, the primary way of getting around the 32 ETH minimum collateral requirement.

However, most of the staking and restaking platforms in this sphere are based on custodial, permissioned models, with stakers not in control of their keys. ether.fi (ETHFI) is a new player in the field, having launched the bulk of its services in late 2023 to early 2024. It offers a comprehensive suite of Ethereum staking and restaking products in a noncustodial way. With ether.fi, you remain in control of 

 to your staked funds, and can choose from several different staking solutions, each designed with a specific user segment in mind.

) that provides flexible ETH staking and restaking services, helping you to optimize your investment while contributing to Ethereum’s security and decentralization. 

Most staking alternatives on the platform are noncustodial and let you remain in complete control of your funds by owning your keys.

ether.fi features several ETH staking and restaking options. One way to participate on the platform is to delegate your funds to a validator node and earn a share of their block rewards. This requires contributing 32 ETH (worth just over $112,000 as of late March 2024), the standard amount for an Ethereum validator. Staking more than 32 ETH is also possible, but must be in multiples of 32 — i.e., 64 ETH, 96 ETH and so on. The delegated staking service was the first staking product introduced by ether.fi. It was implemented on the platform in June 2023, during the project’s Phase One, the first of three key project development phases.

32 ETH is a substantial amount for many staking enthusiasts. These individuals can benefit from ether.fi’s other, more flexible staking options. In November 2023, during the project’s Phase Two, a liquid staking product was made available to the platform’s user community. Liquid staking on ether.fi allows you to stake as little as 0.001 ETH and earn staking rewards in a flexible way. When you stake ETH via the liquid staking mode, you’re issued eETH, the platform’s liquid staking token, a type of liquid staking derivative (

) token that’s used to accumulate rewards.

Phase Three of the project is included in ether.fi’s road map, but is currently in a speculative mode. ether.fi’s team considers the launch of additional services during this phase. Among these is node staking, which will allow validators and stakers to offer new infrastructural services on the network.

In addition to the main staking options above, the ether.fi platform provides two more staking alternatives – Solo Staker and 2 ETH B-NFT staking. Solo staking lets you set up an Ethereum validator node using your own hardware, but without the standard 32 ETH collateral requirement. The 2 ETH B-NFT option, to be launched in the future, will let you participate in staking with a 2 ETH investment by bonding a 

 NFT called B-NFT. B-NFTs are actually one of the two variations of non-fungible tokens (

) used in ether.fi staking (both of which will be discussed further in the upcoming section).

The ether.fi platform also allows you to restake your ETH funds via the EigenLayer restaking solution to earn additional retaking rewards. Stakers who use the platform’s liquid staking option are issued eETH LSD tokens, which can then be restaked on EigenLayer for additional rewards.

As well as the above staking options, ether.fi also features a couple of loyalty point initiatives. One of these is 

, a service that allows you to mint a fan NFT when you stake your ETH. Users can accumulate ether.fan loyalty points, depending upon the amounts and tenures of staking. These points can then be used to win a variety of prizes.

Finally, in addition to the ether.fan loyalty points, there’s a separate system of loyalty points on ether.fi that are earned via liquid staking activity.

Liquid staking is probably the most affordable and uncomplicated product for most users on the ether.fi platform. Using this option, you can contribute as much or as little as you prefer, with the minimum investment requirement just 0.01 ETH. When you lock your ETH, you’re provided with eETH LSD tokens at a ratio of 1:1. A synthetic asset that’s used to accrue your earnings, eETH essentially acts as your staking certificate.

An important advantage of ether.fi’s LSD token is the option to 

 on the EigenLayer platform for further rewards.

Operation Solo Staker is ether.fi’s special program aimed at improving Ethereum's decentralization. Currently, there are about 5,500 Ethereum validators on its network, with half of them located in the U.S., and more than 50% of those operating out of a single data center in Virginia, thus raising concerns that the blockchain 

. The Solo Staker initiative enables users who have the requisite hardware for running an Ethereum validator node to participate in the staking process without posting 32 ETH as collateral.

ether.fi uses distributed validator technology (

) to facilitate its Operation Solo Staker program. DVT allows you to split one validator key between multiple nodes. Using DVT, ether.fi provides its own resources — ETH collateral and software — that enables users with suitable hardware but no funds to run a validator node.

Users who have at least 32 ETH to spare can take advantage of the full staking mode via the ether.fi platform, whereby you select a preferred node operator to whom you delegate your stake. Node operators are the platform’s partners who make their infrastructure available to perform Ethereum block validation duties. On the ether.fi system, they flag their availability to take on a validator role by posting bids. You can choose any validator from those available, or simply assign your 32 ETH stake to the highest bidder.

Although you delegate your funds to a validator node, you remain in possession of the keys to your stake at all times.

Upon assigning your stake to a node operator, your validator node is launched, and you’re issued two NFTs representing your stake claim — T-NFT and B-NFT.

T-NFT represents your claim to 30 of the 32 ETH total stake, and B-NFT reserves your claim to the remaining 2 ETH. T-NFT is a fully transferable asset, while B-NFT is soulbound to you as a staker, and cannot be transferred or sold. Soulbound tokens are non-transferable crypto assets typically used as a form of blockchain-based ID to represent credentials, memberships and other identity-related attributes.

The B-NFT token is the controlling asset in the staking operation. A B-NFT holder can exit their validator node and stop staking at any time, while a T-NFT holder will need to send the exit request to their associated B-NFT holder. 

The ether.fi platform plans to introduce another staking option — 2 ETH for B-NFT. As noted above, B-NFTs are non-transferable, soulbound tokens representing a claim to a 2 ETH stake. Staking 2 ETH, rather than the full 32 ETH, will certainly be a more affordable alternative for many stakers. The exact mechanism of this staking mode will be unveiled by the project’s team in the future. 

In addition to the key staking services above, ether.fi’s product suite includes three more solutions — 

. The first two are already available to users as of late March 2024, while the Cash product is to be launched within the next 12 months.

 is actually a liquid restaking solution, rather than a staking product. It allows you to natively restake your ETH via the EigenLayer platform, a major partner of ether.fi. EigenLayer is a leading player in the Ethereum restaking market. It facilitates the restaking of ETH and LSD tokens on a variety of decentralized networks and apps linked to the Ethereum blockchain.

) strategy vault on ether.fi. Using the product, you can earn high yields with managed risk by contributing funds in one of the three crypto assets — ETH, eETH or weETH. weETH is the 

 version of the eETH LSD token that can be used to access staking and liquidity services on DeFi protocols beyond EigenLayer.

 product is a work in progress at the moment. It will allow you to spend and borrow funds using your ether.fi account balance, including on platforms beyond the blockchain environment. As part of the product offering, ether.fi plans to introduce a credit card that can be loaded with funds from your account on the platform.

ETHFI is the platform’s native cryptocurrency. Its primary function is to facilitate on-platform 

 processes. Holders of the token can take part in ether.fi’s governance via the platform’s decentralized autonomous organization (

). DAO members can vote on various matters, such as allocating funds from the ether.fi treasury, new token utilities, revenue distribution options, new strategy vaults and more.

ETHFI was launched on Mar 18, 2024 with a total and maximum token supply of 1 billion. The token’s supply allocation shares are illustrated in the chart below.

Of the 11% of the ETHFI supply reserved for user

, 6% will be distributed via the Airdrop Season 1 campaign, and the remaining 5% will be allocated via Airdrop Season 2. The Season 1 airdrop started upon ETHFI’s token generation event (TGE) on Mar 18, 2024, and will run for 90 days. Users eligible for the airdrop include a variety of early contributors to the platform, including the following:

Unclaimed ETHFI tokens from Airdrop Season 1 will be included in Airdrop Season 2 allocation.

You might consider investing in the newly launched ETHFI token based on the following factors:

1. ether.fi’s platform offers a rich variety of staking and restaking options, while letting the user control the keys to their investment. Very few other staking solutions can provide the same flexibility and choice of noncustodial staking options as ether.fi.

2. The ETHFI token has a supply limitation built into its tokenomics. This may act as a price support and/or growth factor for the token over the long-term perspective.

The ETHFI token is available on Bybit via Spot pair with USDT (

). Additionally, until Apr 1, 2024, new and existing users of Bybit’s trading platform can take part in an

 to qualify for a share of the 100,000 ETHFI prize pool. What’s more, new users can join an 

 with a 100,000 ETHFI prize pool till Mar 31, 2024.

With rising appreciation for noncustodial staking and restaking options, ether.fi is likely to become a key player in this niche of the crypto industry. Offering a number of flexible and affordable staking options, the platform has an excellent chance of establishing itself as a premier Ethereum staking and restaking provider.

With more products and services in the pipeline, such as Cash, 2 ETH staking (by bonding a B-NFT) and node staking, we can expect to hear more about the ether.fi project later in 2024 and beyond.

EtherFi (ETHFI): Controlling and Maximizing Your ETH Staking Rewards

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