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

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DeFi

IDEX is a perpetual futures DEX with off-chain trading and on-chain transaction settlement. Learn more about how it works in this article.

) offer unique benefits for traders, but most projects fail to take advantage of the benefits of both options. A DEX, for example, has minimal regulatory oversight and lower 

. In addition, users maintain control over their digital assets. CEXs, however, are often easier to use, and transactions may be processed more quickly. IDEX is a hybrid network that offers key advantages of both centralized and decentralized exchanges for users to benefit.

IDEX stands apart from other perpetual futures DEXs with its hybrid structure. Because it runs on 

, IDEX’s trading fees are ultra low. IDEX offers instant trade execution with low 

. Failed transactions are guaranteed not to be an issue. In addition, all trades are settled on-chain so that users have full control of their assets and don’t need to expose their 

 to access external trading outlets. In addition, the network’s 

 integrations give users greater access to a wider range of services and products.

IDEX is the brainchild of CEO Alex Wearn and COO Philip Wearn, and was 

 as a premier DEX for all traders. Its team also includes approximately 30 other talented professionals. In 2018, the IDEX network secured 

) procedures in order to comply with anti-money laundering (

) regulations and sanctions. This important change allowed IDEX to decentralize fund custody and gave users access to newer 

 before they were listed on major exchanges. In August 2020, IDEX received 

 from Borderless Capital, Collider, Gnosis and G1 Ventures. 

IDEX’s founders and developers have worked tirelessly to establish and perfect a high-performance decentralized exchange. They’ve focused on giving users the ability to execute trades efficiently, without concern for failed transactions. At the same time, their attention has centered on incorporating the security and transparency of a DEX. Because of their efforts, IDEX’s developers have created a system to decentralize fund custody, optimize latency, execute trades immediately and settle transactions without 

) but stands apart from other DEXs due to its use of hybrid liquidity. This ensures that failed transactions aren’t problematic, while also facilitating fast transactions and lower fees. BNB Chain, 

As is true of many other decentralized exchanges, IDEX connects users to hundreds of different cryptocurrencies, while charging minimal trading fees.

IDEX’s high-performance exchange uses an AMM that secures real-time trades with liquidity pools. Specifically, users can deposit their preferred token pairs using 

. The order requests then draw from liquidity pools for instant trade execution. In addition to its use of hybrid liquidity and smart contracts, IDEX supports the use of advanced trading strategies.

As with trades on other DEXs, IDEX trades are executed with funds from 

. However, they can also be executed using traditional order books. Because IDEX employs order books and liquidity pools, failed transactions are rendered moot and fees are reduced. IDEX fully supports limit order liquidity with the lowest fees, which in turn supports instant trade execution.

A transaction fee is charged to users to complete trades on smart contracts, and the fees related to trades, withdrawals and other sub-actions are taken from the account balance.

IDEX stands out from other decentralized exchanges with its hybrid structure to support a superior trading experience. In addition, several other features enable IDEX users to generate income from their participation with the network. 

 to the IDEX liquidity pools with the incentive of LP tokens. There are two farming options available. The first is a single reward farm, which enables users to stake their tokens over a range of reward multipliers to suit their goals. The second is a dual reward farm, which pays market maker rewards in multiple tokens.

On IDEX, users can generate passive income by 

 their IDEX tokens. Specifically, they can operate their own staking node or delegate their tokens to another node. The staking reward is 50% of the trading fees collected. Stakers receive their rewards in the form of 

 by staking 10,000 IDEX or more. With this feature, IDEX employs order books in real time, allowing researchers, traders and market makers to receive advanced API data.

 is an independent, open-source product that simplifies the process of operating a trading bot and taking advantage of AMM opportunities. It’s well-suited for those of all skill levels. Hummingbot can be operated on both a secondary exchange and IDEX using an 

 trading strategy to optimize profitability from trades.

XCHAIN is a Layer 2 system that works on Polygon’s zkEVM, a zero-knowledge scaling solution. XCHAIN offers the full security of Ethereum and uses 

, so it has faster transaction processing times and lower fees and is capital-efficient.

When IDEX launched in 2017, its purpose was to elevate the DEX user experience by integrating centralized exchange benefits. In 2023, 

 was released to further advance the developers’ efforts to deliver the benefits of both CEXs and DEXs. 

IDEX is the native token of the IDEX network. The token can be 

 on dual rewards farms wher they pay staking rewards in multiple tokens. The total supply of 

 is one billion, and the circulating supply is roughly 761 million.

As of Aug 17, 2023, the IDEX token price is $0.047, down 4.2% off of the 24-hour high. The 24-hour trading volume is approximately $4.5 million, an increase of 4.2% over the last 24 hours. IDEX’s market cap is $36.3 million. The all-time high (ATH) IDEX token price of $0.937763 on Sep 8, 2021 was 94.91% higher than today’s price, while the ATL of $0.00563813 on Mar 23, 2020 was 746.18% lower than today’s price.

, IDEX’s price will decrease to $0.013 by the end of 2023, but will increase to $0.085 by 2025, $0.13 in 2027 and $0.26 in 2030. Looking farther ahead, they project IDEX’s price at $0.40 in 2032 and $0.63 in 2034.

 have an even more positive long-term outlook, forecasting IDEX at $0.065 by the end of 2023, $0.14 in 2025, $0.29 in 2027, $0.92 in 2030 and $1.90 in 2032.

Looking to trade IDEX tokens? Bybit now offers IDEXUSDT Perpetual Contracts for trading. To get started, click on the 

) and fund your new account with cryptocurrency. Then, navigate to the 

All cryptocurrency investments should be made cautiously and after individual 

. While there may be considerable upside to a long-term hold strategy for IDEX tokens, price fluctuations over short periods of time could be substantial, as is true with any cryptocurrency. However, while holding your tokens, you can also earn market maker rewards or staking rewards on IDEX.

IDEX offers an exceptional trading experience with the benefits of both decentralized and centralized exchanges. In addition, users can take advantage of referral rewards, market maker rewards and staking rewards. As a result, this network is poised for growth, and it could elevate your trading experience in exciting ways.

IDEX (IDEX): A Hybrid Liquidity DEX With Gas-Free Trading

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