Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. 

The S&P 500 futures fall 1.5% amid US-China trade concerns and Fed warning; over 100 companies will report earnings this week. Gold hit a record ~$3,375, up 1.43%, on safe-haven demand amid tariff and geopolitical worries. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, rose 1.80% in the past 24 hours, while Bitcoin and Ether gained 2.70% and 3.41%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is STX, up 9.4%, following the announcement of Stacks gaining institutional support with major exchange listings and custodian backing.

Stacks (STX), founded in 2013, is a cryptocurrency project that enhances the Bitcoin blockchain by enabling decentralized apps (DApps) and smart contracts without altering Bitcoin's features. It operates as a Bitcoin Layer 2 (L2) blockchain, ensuring security through Bitcoin while allowing developers to build modular applications on top of the network. 

 with its listing on top 15 exchanges, the launch of the Grayscale STX Trust, and support from top-tier custodians like BitGo, Copper, and Figment.

Check out the latest prices, charts, and data of 

Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. This proposal is part of a broader trend, with Canary also seeking approval for ETFs based on assets like XRP, Solana, and Sui. The fund would aim to provide exposure to Tron’s price, but the SEC has yet to approve staking in crypto ETFs. This move follows the success of Bitcoin and Ethereum ETFs, which have attracted significant institutional interest.

During the week of April 14–18, 2025, U.S. Bitcoin spot ETFs recorded a modest net inflow of $13.7 million, entirely from non-GBTC products, as GBTC saw no activity. Since inception, total net inflows have reached $35.5 billion, with non-GBTC ETFs contributing $58.3 billion and GBTC experiencing $22.8 billion in outflows.

Orochi Network airdrop participants can now 

 their earned $ON tokens on the Monad Testnet to increase their Bonus Level and earn rewards faster. A minimum of 50 ON is required for the first claim, and subsequent claims have no minimum. New users can still join by signing up and starting the Prover. Daily check-ins open at 6 AM UTC and fill up quickly.

Beginner

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Canary Capital files for SEC approval of Tron ETF with staking benefits

There are a total of five ways you can buy USDC on Bybit: via Bybit P2P, Bybit One-Click Buy, Auto-Invest, Bybit Card and Bybit Convert. Learn more here.

 that maintains a 1:1 value with the US dollar through full reserves held in regulated financial institutions. This stability makes USDC an attractive option for traders looking to participate in the crypto market with reduced price volatility.

In this guide, we’ll explore the multiple ways to buy USDC on Bybit, detailing five distinct purchasing methods tailored to different preferences. You'll also discover practical applications for your USDC holdings, from trading opportunities to payment solutions and investment strategies.

Whether you prefer trading directly with other users or making quick purchases with a credit card, there's an option for you. Let's examine each method in detail.

 allows individuals and businesses to buy and sell USDC via peer-to-peer mode without intermediaries. You simply transact with another trader to purchase or sell your crypto with zero fees.

There are two main parties on the P2P platform — makers and takers. Makers place ads for buying or selling cryptocurrency, while takers are the users who place orders through the existing ads created by makers. Neither makers nor takers pay any fees on completed orders.

If you decide to go the P2P route to buy your USDC, you can either place a buy ad as a maker, or select an existing offer as a taker. Placing ads is completely free, although specific trading activity requirements exist. If you're a beginning trader on the platform, and want the easiest way to purchase USDC, selecting an offer from an existing ad as a taker is probably the preferred route.

If you need to trade USDC in large volumes (typically tens or hundreds of thousands of USDC per transaction), you may also choose to consider 

, which offers high order limits — up to $200,000 per order — as well as expedited transaction processing.

 feature to complete your USDC order efficiently. HotSwap combines offers from P2P traders with liquidity options from third parties, potentially delivering more choices and options.

Steps for buying USDC via the standard P2P option

2. How to buy USDC via Bybit One-Click Buy

The One-Click Buy service lets you quickly purchase crypto using several supported payment modes: P2P, bank card payments, third-party payments and your account's fiat balance. You can use a credit or debit card (including the Mastercard-powered 

), bank transfers, Apple Pay, Google Pay and other payment methods.

 is another way to purchase USDC on Bybit. The Auto-Invest option allows you to automatically buy crypto at regular intervals using the popular 

Bybit Card is a Mastercard crypto debit card that allows you to make online payments. The card is available to users in specific regions — EEA and CH, AIFC, Australia, Brazil and Argentina — with more locations to be added in the future. It's accepted by more than 90 million merchants within the Mastercard network. Upon successfully applying for your Bybit Card, you may proceed to 

 while you order and wait for your physical card to arrive. 

It's easy to buy USDC using the Bybit Card, as you enjoy reward features like loyalty points and cashback for USDC transactions. The steps for buying USDC using the Bybit Card are nearly the same as shown above in the One-Click Buy section, the only difference being that you'll need to specify your Bybit Card as the preferred payment method.

 lets you easily swap crypto assets without directly trading through the P2P route or other channels. Using Bybit's order books, the platform matches your order with current suitable orders and executes the requested swap. By leveraging Bybit's vast trading volumes and activity, Bybit Convert enables swift and efficient swaps.

If you have non-USDC crypto funds in your account, you can take advantage of the 

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

USDC is more than just a stablecoin for trading; it offers various applications within and beyond the Bybit ecosystem.

USDC serves as a reliable base currency for trading various cryptocurrencies on Bybit.

Trading with USDC helps mitigate volatility risks between trades, as its value remains stable at approximately $1, allowing traders to preserve capital during market downturns.

USDC has emerged as a popular payment method due to its stability and wide acceptance.

Platforms on which users can make USDC payments include Travala for travel bookings, Newegg for electronics, and various crypto-friendly merchants via payment processors, such as BitPay and Coinbase Commerce.

USDC offers various investment opportunities on Bybit and beyond.

The benefit of investing with USDC is that your principal amount remains stable while generating returns, which is particularly attractive in volatile market conditions.

USDC combines dollar stability with digital efficiency on the Bybit platform. This guide has detailed five ways to purchase USDC, and explored its versatile applications for trading, payments and investing. Armed with this knowledge, you can confidently navigate Bybit's ecosystem and make the most of what USDC has to offer.

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A complete guide on how to buy USDC on Bybit

Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

Advanced

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Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

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Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Bybit Learn

A Reddit NFT is an avatar that can be purchased on the Reddit avatar marketplace. Find out how you can obtain a free one from Reddit's latest airdrop here.

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The_Singularity_NFTs.png

Aww_Friends_NFTs.png

Drip_Squad_NFTs.png

Meme_Team_NFTs.png

Reddit_NFTs.png

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OpenSea_NFT.png

 (NFTs) don't always come from places you would expect. One platform that has shown an eagerness to provide its community with easy access to NFTs is 

, which is a social news website and forum. In fact, Reddit has been a big supporter of the cryptocurrency industry, demonstrated by its 

 as an alternative payment method for in-app purchases 

Over the years, Reddit has introduced many features to its community that indicate the platform will broaden its support for the NFT industry in the years to come. Recently, it has even introduced its own collection of NFTs that are given away for 

. Before we start talking about its recent NFT collection, let’s first take a look at what Reddit is and how it works.

Reddit is a popular networking site that allows users to discuss, vote on and share content. Any user who joins Reddit can provide posts with a downvote or upvote, which determines how popular a post is when it comes to search rankings.

Reddit exists as a forum and networking site with more than 

. These users can search Reddit for entertainment, news, updates, marketing and memes that cover all manner of topics. The website was placed online in 2005 and is likely the most popular discussion website in existence.

When a user first joins Reddit, they create a profile and username that represents them when they make posts or comments across the forum. Reddit users are commonly referred to as redditors. Along with being a forum where users can create communities and topics about practically anything, Reddit is a news aggregation site, which means that any important piece of news is posted on Reddit for discussion among members. The various types of content that can be placed on Reddit include text posts, images, audio clips, videos and external links.

If a redditor wants a community where they can host more specific discussions, they can create a subreddit. Once a dedicated subreddit is made, redditors who are interested in the topic of discussion can join the subreddit. Thousands of subreddits cover subjects such as TV shows, movies, politics, stock trading, gaming and cryptocurrency.

As of this writing, it's believed there are more than 140,000 active daily subreddits. When content is shared on a subreddit, the post gains more interest from redditors. The voting system mentioned previously provides redditors with the opportunity to determine which content goes viral. Any negative or uninteresting post will be ignored or downvoted, which means that it won't be spread around.

Since its inception in 2005, Reddit has cultivated its community by regularly introducing features that keep members engaged. These features include everything from Reddit karma to Reddit awards.

In order to be a top poster on Reddit, you must first build a reputation, which usually results in other members valuing your opinion more than they might have before. Because there are more than 430 million users on Reddit, it's possible for hurtful comments and troll attacks to be posted by some of the users. Reddit created the 

 to make sure that troll attacks and hurtful comments don't remain highly visible for long.

Reddit karma is essentially the score that each redditor receives for their activities on the Reddit platform. When a redditor comments or posts in a subreddit, they can earn comment or post karma. The Reddit platform calculates how much karma a redditor receives based on the number of downvotes and upvotes they’ve obtained for their comments or posts.

If you want to earn karma, you need to comment on posts or share content on a relatively regular basis. An easy way to get other users to interact with your comments is by asking questions. If your posts or comments receive upvotes, your karma count should also increase.

Once your Reddit karma reaches a high enough level, you can earn benefits. For instance, certain communities require redditors to have a specific karma count before they're able to join the community or make a post. Having a high enough karma also grants access to community perks. For example, having 50 karma allows redditors to create a subreddit. Keep in mind, however, that there isn't any monetary value for Reddit karma.

, are a type of virtual currency that redditors can use to purchase certain awards. These coins can be earned or purchased in bundles. If you want to purchase coins, 500 can be bought for $1.99. It's possible to purchase 82,000 coins for $199.99.

redditors have the ability to provide awards to other users, based on comments or posts that are at the top of discussion threads. At the moment, there are a total of four distinct Reddit awards that can be given away:

Community awards are customized by moderators and are used to fund the creation of more exclusive rewards to be used within specific communities. On the other hand, reaction awards indicate how someone has reacted to a comment or post. For instance, a "Rocket Like" award can be given when an upvote isn't enough. Reaction awards provide redditors with another way to express themselves when reacting to content.

Medals are regularly awarded to comments or posts considered to be highly motivational or inspirational. The types of medals that can be awarded include:

The Silver medals are the least expensive, while the Ternion All-Powerful medals are the most expensive. As for premium awards, they are exclusive to all Reddit Premium members.

Back in 2013, Reddit began to explore cryptocurrency by formally accepting Bitcoin as an alternative payment method for all in-app purchases on the Reddit platform. However, Reddit 

 for in-app purchases in 2018 as the result of high transaction fees on Coinbase.

 program. Reddit Community Points are cryptocurrency rewards that exist via the 

 blockchain. The purpose of these points is to provide redditors with the opportunity to own a portion of the community they use. Points are awarded based on the contribution a user has made to a specific subreddit. This program is currently in beta testing.

Think of Reddit Community Points as a kind of fungible token that functions like Reddit karma. Community members can decide to distribute points throughout the broader community, and can use total karma points as an indicator of who should receive points. Reddit also plans to allow for digital transactions that turn coins into awards with the Community Points program.

In order for Reddit Community Points to be sent to another redditor or stored, a 

 must be used. Along with storing Community Points, Reddit Vault is where the MOON and BRICKS tokens are held.

Reddit provides users with a wide range of different collectible avatars they can pair with their accounts and online personae. These avatars are made by independent artists, and can feature practically any type of image. Collectible avatars are only available for a limited time and are supported with 

, which is an Ethereum-based blockchain that comes with low transaction fees. The avatars can be used as a type of 

 and are displayed via a glowing effect when shown in a comment section. The artists who create these collectible avatars usually charge anywhere from $10 to $100 per avatar.

A Reddit NFT is a type of avatar that can be purchased on the Reddit avatar marketplace. This marketplace provides redditors with the opportunity to buy blockchain-based images for a set amount of money.

If you decide to purchase an NFT-based avatar, you can do so with a crypto wallet, credit card, debit card or Reddit's Vault. Reddit has partnered with many independent artists to create over 90 designs, released alongside the marketplace’s launch. However, the total number of NFTs up for sale is in the tens of thousands.

In the event that you buy a limited edition NFT on Reddit, you're given the licensing rights to the token, which means that you have the ability to use the avatar on and off Reddit. In addition, buying one of these avatars allows you to alter its look with different merchandise obtainable within the avatar builder. As mentioned earlier, these avatars come with a glowing effect when you make a comment under a Reddit post.

There are several different types of Reddit NFTs available at this time, which include NFTs made by independent creators, the latest free NFTs — and CryptoSnoos.

 in 202 as its main and exclusive NFT collection. Every NFT within this collection comes with an image of Reddit's alien mascot, known as Snoo. Since every NFT is unique, these images are available in a wide range of different styles. One NFT may be displayed as a pixelated image, while another could include a disco ball.

Each CryptoSnoos NFT comes in a different stock level, which determines its scarcity. The labels that a CryptoSnoos can be affixed with include Legendary, Epic and Rare. Legendary CryptoSnoos NFTs are one-of-a-kind, which is why they’re priced higher than the rest. Epic versions are considered to be extremely limited editions. On the other hand, Rare NFTs are known to be limited edition versions.

 wallet and make sure to connect your Reddit account to the 

. At this time, a total of four CryptoSnoos have been sold. You can use these NFTs as your avatar on Reddit. All CryptoSnoos avatars have a glowing animation, similar to the animation used for collectible avatars.

As mentioned previously, Reddit NFTs are available as collectible avatars, created directly by independent artists on the Reddit platform. Most of these NFTs can be purchased on Reddit or OpenSea. Since there isn't an auction, every NFT comes with a fixed price. While many redditors use a crypto wallet to purchase Reddit NFTs, you can also buy them with a debit or credit card. When you navigate to the 

 subreddit, you can also search for your favorite artists.

Reddit is currently distributing batches of airdrops to give away free Reddit NFT avatars to top members of the Reddit community. Although the criteria to qualify for the airdrop are not clearly stated, it’s assumed that these Reddit NFTs are designed solely to be given to top redditors who have garnered high karma points through the Reddit karma program.

When a member is set to receive one of these avatars, they’re shown a banner that will take them to the place where the Reddit NFT can be claimed. There are four separate styles of collectible avatars that members can select from when claiming their free Reddit NFT.

 is one style that members can select from when claiming their free Reddit NFTs. It’s known for having robotic and futuristic elements. The floor price when purchasing one of these Reddit NFTs is 0.02 ETH. However, they can cost as much as 100 ETH.

 is a collection of Reddit NFTs by independent artists that's meant to display cute and friendly animals. The floor price for one of these Reddit NFTs is around 0.01 ETH. However, you can pay as much as 100 ETH for an Aww Friends NFT.

 is a collection of stylish NFTs based on the street style scene, which makes these among the most eclectic NFT avatars a redditor can claim. The floor price for a Drip Squad NFT is around 0.03 ETH and the highest listed price is 255 ETH.

 Reddit NFTs are designed around the idea of what an NFT would be like if the internet could throw up. These NFTs are designed to be beautiful and hideous at the same time. The floor price for a Meme Team NFT is 0.02 ETH. Interestingly, this style is being sold for the highest price out of the four styles, with the highest listing price of 69,420 ETH.

Claiming a free Reddit NFT is relatively straightforward, but can only be done if you're already a top redditor and have earned a high number of Karma points. It's estimated that the number of Karma points a user must have to receive a free Reddit NFT is 2,500 or higher.

If you qualify for a free Reddit NFT, you can claim one by going to the 

 of Reddit on your desktop, which will show you a general feed of articles and threads you can click on. The tab to reach the home page is located in the top left corner of the page.

Scroll down a bit until you see a banner with an image of Reddit avatars that reads 

. This banner will pop up between two Reddit posts or threads.

. Once you click on the button, you'll be able to choose from several themes before claiming your avatar.

Don’t worry too much if you fail to see this banner despite meeting the criteria. Some redditors have also mentioned that they have yet to see theirs, but since the airdrop is happening in batches, it’s believed that every top redditor will get their chance in due time.

Reddit uses the Ethereum-based blockchain known as Polygon to mint their collectible avatars on-chain. Many of these avatars are designed by independent artists whom Reddit has partnered with. These artists include redditors from other communities like 

If you want to obtain a Reddit NFT avatar without being a top Reddit member, it's recommended that you join the 

 subreddit, which is an invite-only community. Once you join this community, you can 

 by top NFT artists, as well as posts about collectible avatars that are available for purchase.

Unless you decide to purchase CryptoSnoos NFTs on OpenSea, there isn't an auction system for the collectible avatars. Every NFT comes with a fixed price on the official Reddit NFT marketplace, which allows you to purchase one of these NFTs with fiat currency. In order to enter the NFT marketplace, simply click on your profile on the top right, then the 

 button from the drop-down menu, followed by 

The fixed prices for these avatars range from:

Even if you aren't part of the r/CollectibleAvatars community, you should be able to purchase one of these collectible avatars via the avatar builder page. 

If you want to purchase an avatar on OpenSea, your Reddit account must be connected to the OpenSea marketplace. From here, you can search for collectible avatars and choose the 

Because of their popularity of the Reddit platform and the unique element of collectible avatars, Reddit NFTs are a good investment for the foreseeable future. If you enjoy making comments and creating posts on Reddit, you can get a lot of use out of Reddit NFTs. 

If you were able to obtain a free Reddit NFT from the exclusive NFT airdrop, you can choose to hold on to them and sell them in the future. If you weren’t, you can consider purchasing them instead. While many of these NFTs have a set price, there are a large number of collectible avatar collections on OpenSea that allow you to purchase even more unique and valuable NFTs that you can use as avatars on Reddit.

The NFT scene has become increasingly popular over the past few years. As popularity grows, communities like Reddit are starting to provide members with NFTs, which helps to create a greater sense of community while also allowing members to display their individuality. Now that you know how to obtain a Reddit NFT 

either through purchasing one on the NFT marketplace or claiming one from the free NFT airdrop 

 you should be ready to find the avatar that best suits you.

Reddit NFT: What It Is & How to Get One for Free

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