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

Trading

Indicators

Master swing trading with these best indicators and start analyzing momentum to enter a trade precisely for maximum profits. Learn more here.

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Swing trading is one of the most common trading styles, along with 

 and position trading. For beginners, this trading style is less intimidating since it’s less hectic and stressful than day trading, but comfortable enough for traders to profit from price fluctuations.

Traders who favor this kind of trading style usually rely on swing trading indicators, as it’s essential for them to identify support and resistance levels when the trend changes, thereby providing trade opportunities. Using multiple 

 is often recommended in order to confirm a trend before entering a trade, because a single technical indicator may be inaccurate at times, and additional confirmation is necessary.

This article will introduce cryptocurrency swing trading and describe some of the best technical indicators you can use to get started.

A swing trader opens a position based on their expectation of prices, in hopes of capturing a profit when the market moves in the expected direction. Swing trading positions are usually held overnight, and can stay open for days or weeks. 

Swing trading is based on the concept that price retracement is a common phenomenon in the cryptocurrency market. When a price moves up and down, it’s known as a swing. Swing traders take advantage of these variations to enter trade positions and capture profits. Even though some swings may be smaller in magnitude, which translates to a smaller profit, as long as a swing trader is consistent in executing their trade, they can eventually make and accumulate significant profit. Technical indicators are often used to help swing traders identify entry and exit points for their positions.

A common trading method, swing trading uses an indicator known as 

® to plot a number of standard deviations around a moving average, while some traders prefer the 

 to quantify volatility in the crypto market. Either way, combining different swing trading indicators is essential to understanding and predicting cryptocurrencies’ 

Before describing the best technical indicators for swing trading, let’s look at an overview of a swing trade.

With swing trading, you can hold your position open for several days or weeks, as long as the trend carries on in your predicted direction. Traders usually choose to close their position when the trend shows signs of reversal. Given that swing traders operate with larger time frames, they aren’t interested in short-term price volatility as day traders are. For swing traders, the only thing that matters is for swing highs to go higher in a bullish market, and for swing lows to go lower in a bearish market.

Swing highs are consecutive peaks touched by a cryptocurrency’s price before fleeting moments of retracement. Sometimes the retracement can turn into a trend reversal, which breaks the consecutive swing highs. A current high that’s higher than the previous peaks can be identified as an uptrend.

Swing lows are consecutive lows made after the temporary moments of rebounds. When the current low is lower than the previous ones, we can determine a generally bearish trend.

Some swing traders prefer to trade between swing highs and lows only, which usually becomes a shorter-term version of swing trading.

Swing trading indicators use mathematical calculations to determine various aspects of a price action based on historical data. They can be implemented on a daily chart, or with any other time frames used by swing traders to assess the market situation.

These indicators help traders determine whether a trend is 

 and whether it has momentum. While some swing traders rely more on news and 

, technical indicators are imperative to determine the best entry and exit points.

The three most important types of swing trading indicators are as follows:

In this section we’ll cover some of the best swing trading indicators. However, it should be noted that regardless of which indicators are used, it’s almost impossible to guarantee profits. This is because technical indicators are utilizing historical data to predict the future, and there will always be certain inconsistencies that will lead to different outcomes.

Here are the six most popular technical indicators used in swing trading.

. You may find it under the category of “oscillators” as well. It calculates the size and magnitude of the latest price changes. Swing traders use the RSI indicator mostly to determine overbought or oversold levels of a cryptocurrency.

The RSI indicator is displayed as an oscillator — i.e., a line graph that moves between two extremes, ranging between 0 and 100. 

When the RSI indicator is above 70, it typically signals that a particular cryptocurrency is in overbought territory, suggesting a potential reversal to an existing uptrend. On the other hand, when the RSI drops below 30, it indicates an oversold market and you can anticipate that the bearish trend could be coming to a stop soon.

Another way to use the RSI is to look for center line crossovers. For instance, when the RSI indicator breaks above its center line, it points to a rising trend.

Moving average is also commonly used for technical analysis of commodities and company shares in traditional finance markets. As its name suggests, swing traders use MA to calculate an asset’s average price movement over a given period. As a result, MAs smooth out short-term volatility that may appear confusing for traders, blurring potential trends.

It’s important to understand that MAs are lagging indicators, which rely on past price action. Thus, it helps if you use them to confirm a trend rather than predict future moves.

We can distinguish between short, medium and long-term MAs, depending on how many periods they monitor. For example, short-term MAs cover between 5 and 50 lookback periods, while medium-term MAs cover up to 100.

There are two main types of MAs: simple moving averages (SMAs) and exponential moving averages (EMAs). The latter emphasizes more recent price action by giving it a higher weightage.

Typically, a bullish signal is established when a short-term MA crosses over a longer-term MA, and vice versa: When a longer-term MA crosses below a short-term MA, be cautious of a potential downtrend.

3. Moving Average Convergence Divergence (MACD)

 (MACD) is a more complex technical indicator that merges two regular moving averages. MACD is calculated by subtracting the 26-period EMA from the 12-period EMA, though these parameters can be adjusted manually based on your needs. To be clear, the two lines displayed on an MACD chart don’t represent the two MAs used for the calculations. Instead, here are the three elements of the MACD indicator:

Swing traders usually buy when the MACD line crosses above its signal line, indicated by the green circles in the figure above, and go short when the MACD crosses below the signal line, shown by the red circles.

Another way to use the MACD is to look for divergence between the histogram and the price action, which usually anticipates a trend reversal.

Volume is one of the most critical indicators for swing traders, though beginners often ignore it. This indicator can be indicated by default below the main chart. It offers insight into how robust a newly formed trend is. Basically, the volume indicator tells us how many traders are buying or selling a cryptocurrency or asset at a given point. Thus, the higher the volume, the stronger the trend.

Volume is especially useful with breakout strategies, i.e., when an asset’s price breaks above a resistance line or below a support line. If the breakout is accompanied by high volume, then the new trend is expected to be substantial.

Bollinger Bands® (BB) are a momentum indicator consisting of three lines — a moving average and two standard deviations (positive and negative). Swing traders favor this indicator because it quickly detects a trend, overbought and oversold levels, and volatility. Also, it appears nice and clear on the chart.

The width of the BB increases along with volatility, and declines when the market is experiencing lower levels of volatility. Simply put, the closer the bands are to each other, the lower the volatility.

While BB work well in trending markets, they do an especially great job when the price is ranging, i.e., moving up and down inside a horizontal channel. In this case, when the price touches the upper line, swing traders may go short. When the price touches the lower line of the indicator, this may precede a rebound. 

The point is that the price will always tend to move toward the center of the BB. If the width between the bands starts expanding, then a new trend is forming, and you need to be wary of trading within that band.

The stochastic oscillator is another momentum indicator. It works similarly to the RSI indicator, though it has different calculations. This indicator compares the closing price of an asset to the range of its prices over a certain period.

Like the RSI, the stochastic oscillator is represented by a chart between zero and 100. However, overbought and oversold zones are above 80 and below 20, respectively. 

Another difference is that the stochastic consists of two lines, rather than just one as with RSI. One line shows the current value, and the other line is a three-day MA.

Traders use the stochastic to determine overbought and oversold levels. They also watch for the two lines to cross, which generally anticipates a trend reversal.

The trading indicators described above can be great tools when it comes to providing relevant signals, but they become even more efficient if you combine them with other chart tools. Here are some suggestions.

A swing trader needs to always pay attention to 

levels that a cryptocurrency’s price has had difficulties breaking. 

In short, a resistance level is an imaginary upper line that a price fails to break (usually falling upon touching the resistance). On the other hand, a support level is an imaginary line made of recent lows, at which a price typically stops declining and rebounds upward.

The 6 Best Swing Indicators in 2023

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