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

Options

Featuring a dual investment tool, a bull-and-bear token mechanism and staking opportunities, AntiMatter is an excellent platform for trading crypto options.

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Tired of dealing with financial brokers? Due to stringent rules enforced by regulators in the industry, traditional financial products such as stock options and futures contracts can be a pain to deal with, driving some traders to seek alternatives.

) has exploded over the past two years, with 

 estimating that the market grew by 58% from February to November of 2021, from $72 billion to $170 billion. At the moment, not only does 

 have more use cases and is accepted across more industries than ever, but crypto and its various asset classes are also increasingly preferred over their traditional finance counterparts for the flexibility they offer.

In particular, crypto options are receiving a great deal of interest from both corporations and the public for the amount of leverage they provide. 

 is a platform designed specifically to facilitate the trading of crypto options. It’s changing the game by removing the need for permission entirely, and offering convenience through simplified products that are completely decentralized and thus accessible to a wider audience. Ultimately, the project’s goal is to create a decentralized ecosystem that functions as a gateway for DeFi derivatives, with a negligible level of liquidation risk involved.

In this guide, we’re going to cover what Antimatter is, how it works, and how viable it is as an investment.

Antimatter Finance is a next-generation DeFi derivatives platform that offers investors a user-friendly way to access perpetual options and derivatives. “Derivatives” in this context refers to financial products and

 that derive their value from an underlying commodity, like a cryptocurrency or non-fungible token (

In traditional finance, derivative products are highly regulated and not easily accessible to the average trader. Financial regulators make the decisions and hold all the power. It’s mandatory for parties who offer derivatives to have special licenses, and traders must be vetted before they can participate in the market in a meaningful way.

DeFi eliminates the need for permission by providing accessible 

 trading that’s borderless and completely open with minimal funding fees. The DeFi ecosystem is constantly evolving and creating new tools that enable investors to access the same derivatives offered by traditional financial markets, but without any of the red tape. 

Antimatter was launched in 2021 by Robert Hu and 

, well-known developers with extensive experience in the crypto finance market. It offers crypto investors the opportunity to profit from their holdings through derivatives trading, arbitrage and 

The platform facilitates the creation of tokenized options without liquidation risk or high funding fees, offering 24/7 noncustodial global options trading to investors. In addition to buying options, traders can easily generate and redeem options as liquidity providers on the platform. 

Antimatter bills itself as a “gateway for DeFi derivatives.” Investors can use the service to create and trade tokenized options with minimal funding fees and limited liquidation risk. Crypto options enable investors to use financial derivatives to speculate on the market value of a particular cryptocurrency (i.e., whether it’s 

The Antimatter platform currently features four main products: Dual investment, bull and bear tokens, NFT finance, and the Antimatter crypto DAO (

Different upward exercise investment options available on Antimatter. Image source: Antimatter

The dual investment product is essentially an advanced financial options catalog. It's a yield generator that is “market-neutral” with “returns guaranteed.” The yield rate is fixed at the time of purchase, giving investors the opportunity to enjoy a high fixed yield, no matter which direction the market trends.

, and then earn a yield on one of two currencies, 

 or BTC. The platform features two types of dual investments: 

(meaning the market will go down). Each type has its own strike price, annual percentage yield (

), funding fees and delivery date. At maturity, the settlement currency depends on the outcome of a selected product. 

Suppose John wants to invest 1 BTC (approximately $44,000) in an upward exercise position. He selects a product with 30 days left, 112.45% APY, and a strike price of $47,000. In 30 days, there will be two possible outcomes: 

The returns of a dual investment are calculated based on real-time market data, but once an investor purchases a dual investment, the yield is locked and won’t change. The dual investment product ensures an investor will always profit from yields. However, a significant deviation from the strike price can result in losses. 

There are two ways to participate in Antimatter’s decentralized options. A customer can either take part in existing options made by other users, or create their own options by using their preferred underlying asset and setting their own price range. 

This bull-and-bear token feature can be used to leverage an asset according to the direction an investor believes its value will trend. If you think an asset is looking bullish and you want more exposure, you can purchase bull tokens. If you think it’s bearish and you want some hedge, then bear tokens are for you. When the value of an underlying asset increases, the value of the bull token increases. Conversely, when the value of an underlying asset decreases, the value of a bear token decreases. 

The Antimatter platform is offering a service for turning NFTs into financial vehicles in a simplified way. NFT Finance comprises two products: 

Antimatter features a DAO that gives participants trading incentives, access to Antimatter bonds, the power to vote on 

 governance policies, and the ability to stake Antimatter’s native cryptocurrency, MATTER. 

The DAO is essentially a club for derivatives investors with features that include multi-party treasury management, on-chain governance, academic resource sharing, and more. Prominent members of the DAO include: 

The Antimatter platform’s native utility token, MATTER, serves as the ecosystem’s currency. It's used for paying funding fees and facilitating the platform's governance.

MATTER was released following a token generation event in February 2021 that minted 100 million tokens. Traders can buy the tokens from crypto exchanges, where they can be traded for ETH or USDT. They can also be acquired through staking, participation rewards, option creation and redemption, and more. 

MATTER’s primary utility function is to provide a secure and convenient mode of payment and settlement for users of the Antimatter platform. MATTER is necessary for paying all protocol fees, including transaction fees, funding fees, and option creation and redemption fees.

Members of the Antimatter crypto DAO have the right to vote on governance proposals. Anyone can create a proposal, provided they stake 100,000 MATTER tokens first. The staking period is equal to the voting period for the proposal, which can take three to seven days. 

To vote for a proposal, members of the DAO must stake MATTER tokens into a “support” or “against” pool. The pool with the most staked coins (minimum of 2,000,000) at the end of the voting period wins. 

Chart showing how MATTER tokens are distributed. Image source: Antimatter Finance 

The total supply of MATTER is allocated as follows: 

At the time of this writing (9 June 2022), MATTER has a market cap of around $7 million, and a circulating supply of about 31 billion tokens. Its current price is $0.22.

The Antimatter DAO can be used to stake MATTER and grow your portfolio. Image source: Antimatter

 and earn a yield from the annual reward pool, which contains 400,000 MATTER. What’s worth noting is that Antimatter DAO staking doesn’t have a lock-up mechanism, so users are free to stake or unstake their tokens at their convenience.

Antimatter announced in June 2021 that it was unlocking tokens vested by early investors. Image source: Twitter

, causing the value of MATTER to crash by 50%. In less than 24 hours, 16% of the total 100 million supply of MATTER tokens was added into circulation. The inflated supply sent the value of MATTER into a free fall. According to 

, MATTER’s value went from $0.44 to $0.22 in just one day. 

25% of the initial allocation was supposed to be locked for a period of one year, but core team members reportedly said a linear release was “unhealthy,” decided not to honor the vesting period, and unlocked the tokens. Naturally, the Antimatter community wasn’t happy about the announcement, with many seeing it as a breach of their confidence. Some have even accused the project of being a “scam.”

Is Antimatter (MATTER) a Good Investment?

Antimatter (MATTER) may be a good investment for traders interested in earning yields from staking MATTER in the DAO pool. The APY for staking is dynamic, and depends on the amount of MATTER a user stakes. The Antimatter development team has set aside 400,000 MATTER for its annual reward pool. 

Staking MATTER has the potential to be profitable; however, when the team unlocked early investors’ vested tokens, the value of MATTER took a big hit. The negative outlook caused by this event has kept the token from recovering. The value of one token has remained less than $1 since June 2021, which is a significant drop from its 

 of $6.05 in April 2021. In its current state, MATTER may not be a good addition to crypto investment portfolios.

MATTER is available for purchase from a handful of cryptocurrency exchanges, including KuCoin, Uniswap and Poloniex. The most common trading pair available is MATTER/USDT.

DeFi products have started a global revolution by making financial products more accessible to the general public, minus the red tape associated with traditional financial derivatives. 

Antimatter is well placed to become one of the best solutions for crypto derivatives trading with little liquidation risk. However, the DeFi space is highly competitive, with big names like 

, Binance and OKX offering solutions for crypto derivatives trading. Additionally, the rather controversial choices made by Antimatter’s core development team in 2021 may have hindered the project’s progress. 

Having said that, in the unpredictable crypto market, Antimatter may well recover to become a top choice among traders.

AntiMatter Crypto (MATTER): A Fuss-Free Way to Trade Options

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