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

web3

Altcoins

Explainers

Wormhole (W) is a cross-chain protocol with a diverse range of products that facilitate communication and messaging across more than 30 blockchain and Layer 2 networks. 

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 (DApps) have seen a notable increase in use over the past few years. The “old” mode of using blockchains in which all crypto operations are confined to a single chain — typically 

 (ETH) — has been growing increasingly obsolete. Given the colorfully increasing range of blockchains, 

 protocols and multichain DApps on the market, solutions that facilitate cross-chain communications are increasingly relevant.

One of the most notable and recognized players in the niche of cross-chain communications is Wormhole (W). Having originated as a crypto bridge platform in late 2020, Wormhole has evolved into a comprehensive cross-chain protocol, offering a diverse array of products essential for crypto activities spanning multiple networks. It has recently achieved two critical operational milestones — over 1 billion cross-chain messages and more than $40 billion worth of crypto funds processed since it launched operations.

 (W) is a cross-chain protocol with a diverse range of products that facilitate communication and messaging across more than 30 blockchain and Layer 2 networks. These include all of the major smart contract chains, such as Ethereum, BNB Chain (

Wormhole was launched in 2020 as a crypto bridging solution to facilitate fund transfers between blockchains, primarily Solana and Ethereum. In early 2022, the project underwent significant transformation, rebranding from Wormhole Token Bridge to the more succinct Wormhole, and transitioning into a lightweight messaging protocol for cross-chain communications.

The crypto bridge maintained by the project, rebranded as the Portal token bridge, remains one of the critical products within the broader Wormhole ecosystem. By now, Wormhole boasts support for over 20 blockchains and Layer 2 protocols. Its suite of products includes a cross-chain messaging protocol, an on-chain querying tool, the Portal token bridge, a solution facilitating interconnectivity with the Cosmos ecosystem and a protocol designed for native-level token transfers.

In short, the Wormhole platform has virtually everything developers might need for cross-chain operations and functionality.

To enable cross-chain messaging via its main protocol, Wormhole maintains core 

 on every blockchain within its wider network. When a DApp on one platform needs to send data or a message to another blockchain, lightweight cross-chain data packets are forwarded by the DApp's smart contract to the Wormhole contract on the source chain.

Once received, these cross-chain data packets within the Wormhole ecosystem are processed by the Wormhole smart contract, initiating the production of cross-chain data packets known as Verified Action Approvals (VAAs). At this point, the VAA messaging data is forwarded to the off-chain segment of the platform, which consists of two key elements — the decentralized Guardian network and VAA message Relayers.

Guardians play a crucial role in off-chain processing and data verification within Wormhole by monitoring and verifying message accuracy and legitimacy, as well as independently observing and signing the messages emitted by the Wormhole core contract on each supported chain to produce VAAs. The Guardian 

 are typically institutional blockchain service providers.

Once enough Guardians have signed a message, the collection of signatures is combined with the message and metadata to finalize the VAA. Then, the verified message is released to Relayers for transmission to the destination chain. The Wormhole smart contract receives the message, processes it and forwards the finalized, formatted data to the DApp's smart contract on the chain.

Wormhole’s key feature, its cross-chain messaging protocol, allows DApps to send and receive messages across more than 30 blockchains in an efficient and lightweight fashion. For DApp users, this is an excellent alternative to having to maintain individual smart contracts on every chain they’d like to operate on. Wormhole Messaging is integrated with both the Cosmos-native Inter-Blockchain Communication protocol (IBC) and Polkadot's native Cross-Consensus Message Format (XCM) in order to facilitate seamless communication and interoperability between disparate blockchain networks.

Developers can easily integrate the protocol into their solutions to achieve cross-chain connectivity using the Wormhole SDK (software development kit).

 is a solution that allows blockchain developers to easily integrate cross-chain asset bridging into their DApps. All you need as a developer is three lines of code, and your DApp will be able to process asset transfers across the extensive network of blockchains supported by Wormhole.

This solution leverages Wormhole’s bridging platform, the 

 token bridge, to enable the transfers. Portal is Wormhole’s native crypto bridge, based on the underlying protocol. While the messaging protocol is geared toward sending lightweight cross-chain data packets, Portal is the core solution that facilitates crypto asset transfers.

 is the platform's dedicated solution for interconnectivity with the blockchains of the Cosmos (

) ecosystem. Cosmos is home to dozens of decentralized platforms and maintains one of the largest network blockchains in the industry. The original Wormhole protocol lacked support for the Cosmos network, prompting the project team to engineer the specialized Gateway solution. Gateway uses a connection to Cosmos's IBC bridge to establish connectivity between the two large blockchain ecosystems.

Native Token Transfers (NTT) is Wormhole’s development framework, designed for native-level token transfers between blockchains. The tokens moved from one chain to another maintain their core characteristics while complying with the native standards and formats of the destination chain.

NTT supports native transfers based on the two main token bridging modes: 

 mode, tokens being transferred are sent to a burner address and are permanently taken out of use on the source chain. The equivalent tokens are then minted on the destination chain. In 

 mode, the tokens on the source chain are temporarily “locked” and the equivalent tokens on the destination chain are issued. The source chain tokens will remain locked as long as their equivalents on the destination chain are in use.

 is a data querying solution that supports the immediate retrieval of on-chain data from any blockchain network accessible via the Wormhole protocol. This capability opens up various cross-chain use cases from real-time, cross-chain price feeds to cross-chain gaming experiences. The retrieved data undergoes processing and attestation for accuracy through Wormhole's Guardian network.

Queries offers lightweight and highly efficient on-demand data retrieval, significantly reducing 

 associated with cross-chain data operations. The Wormhole team estimates that utilizing Queries can help achieve up to an 84% reduction in gas fees, with the typical response time for a query request being less than a second. To further enhance the efficiency of cross-chain data retrieval, Queries allows developers to batch their data requests.

 is a GUI-based block explorer that helps users visualize and monitor all cross-chain activity facilitated by the Wormhole protocol. Through the explorer, users gain access to comprehensive insights, such as data and message transfers split by source and destination chains, overall transaction volumes and counts, address-specific stats and more.

Wormholescan lets users drill down to the level of individual transactions, 

 and even VAA messages, providing an exceptionally granular analysis. The platform also offers aggregate-level data on message inflows and outflows for each chain. Additionally, users can access statistics related to individual cryptocurrencies transferred via the protocol, including token-specific transaction volumes and counts, as well as the corresponding destination and source chains.

The image below is a snapshot from Wormholescan made on Mar 5, 2024, showing the outflow of protocol messages from the Ethereum chain to the top destination chains for the previous 30-day period.

For more than three years since its launch, the Wormhole platform, initially as a crypto bridge and then as a comprehensive cross-chain messaging protocol, has operated without a native crypto token of its own. In early February 2024, the project team announced plans for the launch of the platform’s native W token.

. Token holders will be able to vote on a range of issues related to the development and direction of the protocol via the Wormhole DAO — a decentralized governance entity made up of W holders. Initially, the DAO will be responsible for guiding Wormhole’s community and treasury activities. 

Over time, the DAO is envisioned to take more responsibility for governance processes on the platform, including operational and technical decisions such as adding or removing blockchains connected to the protocol, upgrading smart contracts, adjusting fee schedules, introducing new token utilities and selecting new members of the Guardian network.

W will be issued on two blockchains — Ethereum, as an 

, and Solana, as an SPL token. The maximum supply for the token is specified at 10 billion, with 1.8 billion (18%) representing its initial circulating supply. The remaining 82% will be released in stages over a period of four years.

The chart below shows W’s planned supply allocation shares.

The 17% for Community & Launch will be distributed in the form of 

. Eleven percent (1.1 billion W) is scheduled for a token generation event (TGE) airdrop, and the remaining 6% (600 million W) will be airdropped four months later.

You might consider investing in the upcoming W token for the following reasons:

Where to Buy the Wormhole Crypto Token (W)

 platform, which provides unique opportunities to access cryptocurrencies before their official TGEs (token generation events). 

W is actually the first crypto listed on the recently launched Pre-Market platform, with more valuable pre-TGE offers to follow.

The Wormhole project is a significant enabler of cross-chain adoption that connects over 30 blockchain platforms, including all of the leading smart contract chains. Its platform is a key contributor to realizing a unified 

 world — a concept still in the making.

The imminent launch of the W token has revitalized the Wormhole platform, as well as the crypto investor community’s interest in it, while the token itself has the potential to claim the coveted label of a HODL asset — a rare occurrence in the 2024 crypto market.

For DApp developers, Wormhole provides a comprehensive suite of cross-chain development tools, and for crypto investors, unique opportunities might lie right under the Big W — Wormhole’s new native cryptocurrency.

Wormhole (W): Pioneering Interchain Communication in Web3

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