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

Bybit Learn

Curiours about the Goblintown NFTs that have been the talk of the town recently? Read on as we dive into Goblintown.wtf and what makes them so unique.

In an age with a meme for every occasion, none represents the current bearish crypto market better than “Goblin Town.” A reference to a song (“Down Down to Goblin Town”) from the 1977 film adaptation of J.R.R Tolkien’s 

, the meme captures the gloomy sentiment of the current crypto and NFT markets. 

Ironically, a new NFT collection has sprung up from the ashes of this depressing meme, briefly unseating top collections like 

Why are these unsightly digital avatars gobblin’ up all the attention and cash? If you have the stomach for rot, fecal matter and other unwholesome obsessions, hold your noses and join us as we dive into the Goblin-town NFT project.

In terms of sales and trading volumes, Goblintown NFTs have also toppled those of BAYC.

The Goblintown NFT derives its name from a cryptic term in the cryptosphere that refers to bearish conditions when prices of digital assets plummet badly. The Goblintown NFT project was launched on May 22, 2022, when the cryptocurrency market was in the midst of a sell-off, and assets were trading far below recent highs.

Even though it had a quiet launch, the Goblintown NFT collection 

The Goblintown NFT didn’t launch with any campaigns or collaborations, just a promotional offer of free NFTs to the interested public. The project's website, 

, states that it has no road map, utility, or Discord channel.

Surprisingly, Goblintown went on to gain momentum. It created a buzz in the NFT community and recorded remarkable success in secondary sales for the following weeks.

For now, the team behind the Goblintown collection has not yet been revealed, remaining anonymous. However, the Twitter crypto community has made an effort to unveil the identities of those involved in producing the Goblintown NFT. 

One of the individuals tied to Goblintown is Beeple. This came about 

The famous digital artist has, however, denied this speculation. Others claim that 

 might be involved in the project, but they’ve also denied any involvement.

Another theory used to explain Goblintown’s creation is that 

 creator Mike Judge may have been involved in the project's development process. According to one Twitter user, Mike Judge’s style matches that of Goblintown, and he has been active on the NFT scene. 

About 2,000 people joined a Twitter space hosted on May 26, trying to figure out what the project was about and those behind it, but to no avail.

The success of the Goblintown NFT Project has convinced people involved with NFTs that the Goblintown team must be filled with prominent names in the cryptosphere.

 by 458% in its first six days of launch — in the middle of a bear season when almost every collection in the NFT market had significantly lost value.

In Goblintown’s first week going live, one NFT trader made a 

 on his Goblintown assets. For context, Bored Ape Yacht Club (BAYC) NFTs that sold for $400,000 in April dropped by half in that same period. 

Globintown NFTs have become the new “to the moon” asset in the NFT and crypto community — and that’s quite a surprise, considering the circumstances surrounding the project’s launch.

As of June 10, 2022, the floor price of a Goblin NFT stands at 3.4 ETH (about $5,225.61) and an average price of 6.63 ETH ($12,600). That’s still not deterring collectors from grappling to get their share of Goblin NFTs, as they believe the project is the bull in a bear market.

 project has momentarily snatched the limelight away from “blue-chip” NFT projects like 

Goblintown.wtf has not only succeeded in beating other NFT collections in terms of weekly sales, but it’s also been able to compel users, convincing them of its ability to create something out of almost nothing.

Its increasing popularity is quite surprising, but the unconventional and innovative marketing tactics that Goblintown NFT has employed — along with several other factors surrounding the project — might be responsible for this.

Let’s look at some possible factors behind Goblintown’s launch to the moon.

This NFT project is the brainchild of a team of anonymous developers, although that’s not uncommon in the world of crypto. The anonymity of the team behind such a well-coordinated project has further stirred the pot, causing excitement as the crypto world is on its toes trying to unlock the mystery behind the Goblintown NFT team. 

Ultimately, the popularity of Goblintown NFTs is mainly due to the high quality and polish of the project, drawing attention and causing people to speculate that the team behind it must be very good at what they do.

One of the founders of Yuga Labs, “Gordon Goner,” 

 a tweet saying, “This guy with great hair showed up to dinner and started making goblin [sic] sounds. What does it mean?”

This tweet aroused a lot of suspicion, and the name that came to people’s mind was Mike Winkelmann (popularly known as 

), a prominent digital artist and graphic designer who is known for selling NFTs.

This link with Beeple helped propel Goblintown NFT sales and boost its popularity, as the digital artist is prominent for selling some of the world’s most profitable NFTs. 

Most developers of NFT projects are usually quick to bask in the glory and praise they receive for their project’s success. It seems, however, that the developers of the Goblintown NFT project prefer to remain unknown.

Even if its creators didn’t intend to remain anonymous for this long, the success and popularity the project now enjoys might make them wary of blowing their cover and ruining the air of mystery surrounding Goblintown.

Goblintown gained popularity from its launch because it started as free to mint. Minting new NFTs can cost 

, and sometimes even more. This gave the Goblintown NFT project a quick head start, allowing newbies to enter the space.

The unconventional yet innovative approach which the creators of Goblintown NFT used to launch the collection seems to have helped it gather a lot of moss. As seen on its largely minimalistic website, they state that the project has “no road map, no Discord, no utility …”

There is in fact no stated road map for Goblintown, and the creators have indicated that there are no plans to launch its native crypto token any time soon, although this remains unclear.

The project was launched without any ceremony or partnerships (as has become the norm in the cryptosphere, where announcements are usually made in advance). Goblintown did the complete opposite.

This nonchalant approach went on to become its biggest selling point. The Goblintown collection has shown, once again, how unpredictable the world of NFT can be.

One of the reasons for the popularity of Goblintown NFTs is the rumor that the collection is associated with 

, the web3 company behind the Bored Ape Yacht Club.

, a real-time crypto and NFT insights provider, claimed that the creators of BAYC and 

 might also be behind the Goblintown NFT.

 published on its official Twitter handle, Nansen was probably the first to try to provide a link to the Goblintown NFT and BAYC projects. These highlighted several similarities between Globintown and BAYC to bolster this claim.

This rumor of a link between Goblintown NFT and Yuga Labs was further fueled by a 

 from Yuga Labs, in which Goblins was mentioned as one of the company’s revenue channels.

The NFT community is known for its rich meme culture, on which the Goblintown NFT collection is mainly based. There are many Goblintown NFTs on the internet, and even a one-of-one NFT of 

Meme sentiments in this project are, however, chaotic and unusual. The project is “meme manifested. It is cultural agony, rage, greed, and joy personified,” as one NFT enthusiast on Twitter comments.

, thinks the Goblintown NFT collection is funny and exudes real meme vibes.

Goblintown didn’t merely wind up on the lips of NFT observers, but also those of some industry names like social entrepreneur Gary “Vee” Vaynerchuk. This has helped the project trickle its way into mainstream consciousness. 

, the director of product design at Netflix, described the Twitter space hosted by Goblintown as “either an absolute new low or brilliance. The line is very thin here.”

Markus Magnusson, founder of the ETH NFT collection 

, tweeted “The Goblins got us.” The tweet suggested that the buzz around the Goblintown NFTs was relegating 

 and other NFT collections to the background.

The characters that make up Goblintown are distinct in a unique way. This NFT collection features an army of crooked-faced goblins that converse in gibberish.

One would think that these “ugly” features would have affected its popularity. Instead, it seems to be compounding the interest, so to speak. According to some Goblintown fans, less is more, and ugly is a type of beauty.

The price of Goblintown NFTs is volatile, given the floor price of one Goblintown NFT more than doubled from 3.9 ETH to 8.95 ETH, essentially 

As of June 10, 2022, the Goblintown NFT’s floor price is 

. So to join this exclusive community of goblins, you’d have to splurge a few thousand dollars on a Goblintown character. 

 so far is that of “Hoo Let Dat Orc In Hear?” (

There are 10,000 NFTs in the Goblintown collection. Some are more expensive than others, due to a 

Each Goblintown NFT has its unique features. Some NFTs come with very rare traits and attributes. There are 13 one-of-one NFTs in Goblintown.

Is Investing in a Goblin a Good Investment?

Goblintown NFTs could be a good investment — especially for the initial investors. Because minting was initially free for everyone at the time it launched, initial investors didn’t have much to lose.

Despite this, Goblintown still saw over 32,000 ETH ($57.6M) in TVL traded in less than three weeks of launch, while minting for free. This enabled it to hold the top spot on OpenSea’s ranking. Between May 22 and May 31, 2022, 

s were traded — this in just nine days, which is quite significant for a project that launched in the midst of a bear market.

The hype created in the background by observers also doesn’t seem to be dying down anytime soon. As the buzz continues to build up with each passing day, the price could continue to move with it.

For later investors, investing in Goblintown NFTs might be encouraged by the buzz surrounding the project … at least popular NFT whale and DJ 

Unusual though they may seem, the rarity and uniqueness of Goblintown NFTs have potential that could see their value appreciate further in the future.

Tailing the success of Goblintown are several other goblin-related derivatives which, in a bid to replicate Goblintown’s success, have also launched their own NFT collections. These derivatives include 

 and many more that wish to capitalize on the goblin hype.

Over the past month, Goblintown has provided plenty of newfound energy to the NFT market, despite the current loss of momentum.

Whether this innovative collection was planned by its creators, or happens to just be a stroke of luck, we don’t know — but the project has been able to succeed with the precept that less is more. For more insights, check out our article that discusses how 

Goblintown: The NFT PFP Project That Proves Less Is More

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