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

Explainers

Altcoins

Metaplex is a Solana-based protocol that provides creators and developers with an extensive range of NFT development tools.

 (NFTs) first shot to popularity in 2021 on the back of multimillion dollar mega-sales that year. Despite losing some of its initial gloss, the NFT market is still one of the key elements in the broader crypto ecosystem. Right from the beginning of the NFT mania, it was evident that the world’s leading 

 (ETH) — was poorly suited to the tasks of creation, trade and management of NFTs, primarily because of its high gas fees and network congestion.

 (SOL) blockchain, with its swift transaction processing and minuscule fees, has positioned itself from the beginning as an NFT-friendly platform. It’s no wonder then that a pivotal project that aims to provide comprehensive support for NFT creators and developers emerged on Solana. The project in focus is Metaplex (MPLX) — a protocol that facilitates the minting, launching, trading and managing of NFTs, NFT collections, storefronts and entire marketplaces.

 (MPLX) is a decentralized Solana-based protocol that offers creators and developers a comprehensive set of tools for NFT creation and management.

 Using Metaplex, NFT creators and programmers can access a variety of development tools and utilities for the common operations related to NFT lifecycle management — minting, launching and listing NFTs; creating NFT collections; setting up storefronts; and even introducing entire 

For creators, Metaplex offers NFT development and management tools that require no programming skills. For developers, in addition to common NFT operations, the platform also provides tools to handle more complex forms of non-fungible assets, such as composable NFTs and compressed NFTs, which we’ll cover further in the article.

The platform was founded in 2021 by Metaplex Studios, a San Francisco–based blockchain development outfit, and is also supported by the Metaplex Foundation, a nonprofit dedicated to the ongoing decentralization and development of the protocol. Solana-affiliated blockchain technologist Stephen Hess is CEO of Metaplex Studios and Director at the Metaplex Foundation. Hess previously served as the Head of Product for Solana, and was responsible for the wider adoption of the blockchain platform during its first two years on the market.

Benefits of Creating an NFT Marketplace on Solana

While Hess's prior involvement with Solana was possibly one element in Metaplex's choice of a host platform, other factors suggest Solana was the optimal environment for the project. 

 than Ethereum — the chain that has traditionally been the top choice for decentralized apps (

) and protocols. The process of minting and trading NFTs requires payment of gas to the underlying blockchain, and Ethereum, with its typical fees of a few dollars per transaction, isn't the most cost-effective option for NFT creators. In contrast, Solana features gas fees at tiny fractions of a cent, making even the most high-volume NFT operations affordable.

Secondly, Solana boasts some of the industry's highest throughput and fastest transaction confirmation times. While Ethereum transactions take several seconds to several minutes to be confirmed, Solana offers sub-second confirmation times. These technical efficiencies are a critical benefit for operators of large-scale NFT storefronts and marketplaces.

Finally, right from its beginnings, Solana has positioned itself as an ideal environment for NFT projects. The blockchain's architecture and technical properties are optimized to handle all varieties of complex and simple NFT solutions. While Ethereum initially focused heavily on decentralized finance (

) use cases, Solana saw the opportunity to target the newly formed NFT segment. Its blockchain has always punched well above its weight when it comes to NFT trading activity. 

While the total number of traded NFTs has traditionally been higher on Ethereum than on Solana, the latter has nearly always featured a much higher share of NFT trade as a percentage of its overall activity. A few days ago, Solana even managed to 

 of its larger rival by total NFT trade volumes. As such, Solana's NFT-friendly environment is another critical advantage for launching non-fungible asset-focused projects on its blockchain, which Metaplex undoubtedly considered at the host chain evaluation stage.

 is the platform’s primary tool for empowering creators from nontechnical backgrounds. With Creator Studio you can mint, list and market NFTs and collections without any programming skills required. For years, NFT development's technical/coding side acted as a barrier to entry into the market for many creative professionals. With the arrival of Creator Studio, they can now focus on their art development instead of trying to figure out the technical nuances of NFTs. Using a GUI (graphical user interface), Creator Studio lets creatives not only mint and list their NFTs and collections but also target these assets at their follower communities via a custom drop interface.

The Metaplex platform offers programmers a diverse assortment of tools for handling the entire lifecycle of NFT development and management on Solana. Below, we’ll quickly touch upon some of the more interesting programs in the platform’s developer toolbox.

Metaplex’s Token Metadata program enables developers to attach additional information and properties to NFTs and fungible tokens. You can create some fairly advanced NFT types through its Programmable NFT feature, which offers custom metadata specifications.

Token Metadata also has an extension set called Fusion that developers can use to create composable NFTs. Composable NFTs are trackable on-chain with customizable parts, and often interact with other NFTs or smart contracts to enable dynamic functionality. For example, the same composable NFT might have different visual properties, depending upon selections made by the end user.

Candy Machine is Metaplex’s program for minting and launching fair NFT collections. Using the tool, creators can mint and load up the entire collection and then enable “unloading” — i.e., distribution or sales of the collection to end users under specified rules. Programmable NFTs can also be minted via the Candy Machine protocol.

Bubblegum is a tool to create and manage compressed NFTs. NFT compression is a Solana feature that allows you to create non-fungible assets by storing only some key metadata on-chain, with most of the remaining data kept off-chain. This is a very cost- and resource-effective way of creating and managing NFTs.

Hydra is a Metaplex-based crypto wallet that lets you store and easily manage your NFTs, as well as Solana’s SOL tokens or any SPL format tokens. The SPL format is Solana’s default standard for fungible tokens. In essence, what 

MPLX is Metaplex’s native crypto token. First issued in September 2022, MPLX is the platform’s decentralized 

. MPLX token holders can participate in decision-making processes related to Metaplex’s future development and changes to the protocol via the Metaplex DAO. There are also plans to add more functionalities to MPLX to boost its use throughout Metaplex's ecosystem.

The total and maximum supply of MPLX tokens is 1 billion, with nearly 379 million tokens currently in circulation.

As of Dec 15, 2023, Metaplex's MPLX token trades at around $0.195, or 78.2% lower than its all-time high of $0.897 on Sep 20, 2022, and over 650% higher than its all-time low of $0.025 on May 11, 2023. Long-term forecasts for MPLX are all bullish, with DigitalCoinPrice 

 the token to hit $0.67 in 2025 and $1.97 in 2030, while PricePrediction 

 it will be trading at $0.438 in 2025 and $3.25 in 2030. 

Despite the bullish forecasts, if you plan to invest in MPLX or any other cryptocurrency token, it’s essential to 

 on its investment potential and fit for your portfolio.

 on Bybit as an MPLX/USDT Spot pair. If you don’t have an account on Bybit, you can easily 

 and trade hundreds of cryptocurrencies both in the Spot and Derivative markets.

The Solana blockchain has always been considered an excellent environment for NFT-focused crypto projects. Metaplex has now taken the blockchain's NFT ecosystem to a new level, offering Solana NFT creators some of the most innovative tools available. Very few NFT projects, whether on Solana, Ethereum or another major chain, can match Metaplex when it comes to the variety and depth of tools offered for comprehensive NFT lifecycle management.

With Metaplex, the NFT community can now access a platform that lets them launch NFTs, collections, storefronts and entire marketplaces via user-friendly and flexible development tools. This is a project that will possibly breathe new life into the NFT market, a market that now longs for the return of the old glory days of 2021. With Solana's speed and cost efficiencies on its side, Metaplex is ready to meet the challenge from potential Ethereum-based competitors any day.

Metaplex (MPLX): Empowering NFT Creators on the Solana Blockchain

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