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

Explainers

Altcoins

Suilend is a decentralized lending protocol built on Sui that enables users to borrow and lend crypto assets. Learn more about how it works here.

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 (DeFi), complex lending protocols and high fees create barriers for users seeking to borrow and lend. Suilend was built by the team behind the successful 

 lending protocol with over $400 million in 

 with a clear mission to make DeFi lending simple, secure and accessible.

This article explores Suilend's innovative features, its native SEND token and its reshaping of DeFi on Sui’s blockchain. We'll delve into Suilend's history, examine its unique offerings and analyze its potential as an investment opportunity in the growing Sui ecosystem.

 is a decentralized lending protocol built on Sui that enables users to borrow and lend crypto assets, with features including multi-asset collateral support, dynamic interest rates, risk-isolated lending pools and 

Launched in March 2024, Suilend represents Solend's strategic expansion from Solana to Sui. The Suilend team brings proven expertise to Sui's growing ecosystem from Solend, the tenth-largest protocol on Solana, with $432 million in TVL and over 170,000 users across 70 assets (as of December 2024).

The project is led by pseudonymous Solend founder Rooter, and combines expertise from 15 team members (including 11 developers from Morgan Stanley, Bell Labs and IBM). The move to Sui was driven by the blockchain's advanced capabilities and the Move programming language's superior tooling.

Suilend's vision has attracted $6 million across two funding rounds, with Robot Ventures leading the latest $4 million investment. Suilend has already become the largest DeFi protocol on Sui, with a 

Suilend aims to transform DeFi lending by removing traditional barriers to entry. The protocol tackles the key challenges of high transaction costs that eat into profits, complex interfaces that deter adoption and the depegging risks common in liquid staking.

Leveraging Sui's architecture, Suilend achieves unprecedented performance with 297,000 

 and 480-millisecond finality. The protocol combines this speed with comprehensive features, such as isolated lending pools, a points system and its innovative 

With a strong focus on security, Suilend has undergone thorough audits by leading blockchain security firms Zellic and OtterSec. This commitment to security and user-focused features establishes a trusted foundation for DeFi innovation.

Suilend operates through distinct categories of lending pools: main assets, which undergo rigorous due diligence, and isolated assets for newer or more volatile tokens. Users can lend their assets to earn interest or borrow against collateral, with all transactions automated through 

For main assets, users can freely combine different tokens as collateral. However, isolated assets require dedicated collateral that can't be shared across positions, protecting the protocol from risk spillover. Borrowing limits for isolated assets are more conservative and require closer monitoring, due to potential price volatility.

The platform employs a dynamic interest rate model that adjusts based on pool utilization. Rates typically fluctuate more for isolated assets, depending upon market demand and availability. Suilend implements a simple one-time borrowing fee structure with no hidden charges in order to keep costs predictable.

Beyond traditional lending, Suilend integrates the SpringSui liquid staking solution for instant unstaking of SUI tokens. Users can stake SUI to receive sSUI tokens, which maintain their peg through SIP-33 implementation and can be used as collateral within the protocol.

Robust security measures and automated risk management systems protect user assets at every step. The protocol monitors positions continuously, adjusting requirements based on market conditions, and ensuring users maintain adequate collateral to prevent liquidation.

Suilend offers a comprehensive suite of features to enhance efficiency and user benefits.

Suilend operates two types of lending pools: main assets and isolated assets. Main assets undergo rigorous due diligence, and support combined collateral positions, while isolated assets operate in separate pools to contain potential risks from newer or more volatile tokens.

Each pool features specific risk parameters and collateralization ratios, allowing users to earn yields while maintaining security. Through this dual-pool system, Suilend balances high-yield opportunities with robust 

Suilend incorporates an efficient swap mechanism, allowing users to exchange tokens directly within the platform. This integration reduces the need for external DEXs and minimizes transaction fees to enhance the overall user experience.

Suilend facilitates asset transfers between different blockchain networks through its 

 functionality. The system ensures secure cross-chain transactions to expand accessibility while maintaining robust security measures.

 system distributes 10 million points daily to active users, based on deposit amount and duration. These nontransferable points unlock benefits, such as reduced borrowing rates and future governance participation, to incentivize long-term platform engagement.

SpringSui represents Suilend's open-source standard for liquid staking on Sui. Users who stake SUI receive sSUI tokens, which can be traded, used in DeFi or instantly converted back to SUI, thus eliminating the traditional multi-day waiting period for unstaking.

Built on protocol upgrades SIP-31 and SIP-33, SpringSui solves the depegging risks common in liquid staking. The platform will soon enable other teams to create their own liquid staking tokens, driving LST adoption and promoting liquidity across the Sui ecosystem.

Suilend has achieved significant milestones since its inception by following a strategic development plan. The protocol launched on Sui's mainnet in March 2024, quickly establishing itself as the chain's largest lending protocol.

Key achievements include securing $6 million in funding across two rounds, reaching nearly $470 million in TVL and generating monthly revenues of $820,000. The platform has also successfully integrated multiple assets and launched innovative features such as the SpringSui LST standard.

, a capital-efficient AMM that lends idle assets for additional yield, in Q1 2025. The protocol also aims to expand its ecosystem through enhanced governance mechanisms, additional asset support and deeper integration with other Sui protocols.

SEND, Suilend's native token, has a total supply of 100 million tokens distributed with a community-first approach. The allocation 

 65% for the community, 20% for investors and 15% for the team.

A significant portion (40%) of SEND will be distributed through the Mdrop mechanism, with 20% going to points holders and early users, 5% to ecosystem communities and 15% to SAVE holders on Solana. When users redeem their SEND allocation, they receive mSEND tokens, which they can use to claim SEND.

Mdrop maturities vary by allocation type: three months for Points and Ecosystem holders, six months for Team and Investors, and 12 months for SAVE holders. After these periods, users can claim their full SEND allocation without penalty. To ensure sustainable token distribution, investor tokens unlock over two years and team tokens over four years.

Given Suilend’s recent market entry, prominent crypto analysts haven’t yet published detailed price forecasts for the SEND token. Several key factors will likely influence its value: Suilend's continued platform growth, broader Sui ecosystem participation and overall cryptocurrency market conditions.

 token is currently trading at $1.20, with a fully diluted valuation of $138 million and $456 million in TVL (as of Dec 12, 2024). Since Suilend has already achieved a larger TVL of $470 million, its protocol could potentially support a similar or higher market capitalization.

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

While Suilend has demonstrated impressive growth and strong fundamentals in the DeFi lending space, investors should carefully consider both its strengths and risk factors before making investment decisions.

With its institutional backing, proven team experience and innovative approach to DeFi lending, Suilend (SEND) shows significant potential. However, potential investors should 

 and consider their own risk tolerance before investing.

Suilend tackles key challenges in DeFi — namely, high costs and complexity — by leveraging Sui's technology to create a more accessible platform. With innovations like the SpringSui LST and dynamic interest rates, Suilend could mark a turning point for DeFi adoption by making lending and borrowing accessible to users previously deterred by technical barriers.

Suilend (SEND): Lending and Borrowing Made Easy on Sui

Compete for 2,500 USDT USDT Every Week

Suilend (SEND): Lending and Borrowing Made Easy on Sui

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards