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

Options

Interested to start trading options, but don't know where to start? Learn how to hedge with crypto options and more with the only guide you'll ever need.

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Looking to expand your investment portfolio, or keen to start a rainy day fund? Right this way! In this article, you'll learn how to use Options to maximize your profits in uncertain markets. From basic to advanced strategies, there’s something here for everyone. But before we dive in, here are two things about Options we’ll bet you didn’t know:

Options trading as we know it today can be traced back to the philosopher Aristotle, who detailed the first-ever call Option (against an olive oil harvest) in the 6th century B.C.

Stock Options have become so popular that they’re expected to overtake stock trading in volume by 2023.

First and foremost: Options contracts are derivatives. Essentially, this means they're tied to an underlying asset such as a stock, a commodity or a cryptocurrency.

Options always have an agreed-upon price (known as the strike price) at which the buyer will gain long or short exposure to the underlying asset. They also have a predetermined date at which they expire (expiration date).

There are two types of Options: Call Options (calls) and Put Options (puts).

As they’re highly versatile, you can use puts and calls on their own or combine them to create complex Options strategies. Ultimately, the end goal for all strategies is the same — to profit from market conditions.

The Option buyer (sometimes called the holder) always pays a fee (Option premium) to the seller (or writer). This amount indicates the maximum amount of money the buyer can lose, and the most the seller can profit, from the particular trade.

When trading Options, there are three ways to describe a strike price:

Although they may sound complicated, Options are one of the most common investment strategies for traders to hedge their existing positions and bet on the market’s movement for returns. A crypto Option is a contract that gives you the right to buy or sell an asset at a specific price within a given time frame or a particular expiration date, depending on the chosen type of contract.

“Crypto Options trading” is a term used to describe Options contracts designed specifically for cryptocurrencies. Like stock Options, crypto Options are booming, as more retail traders turn to Options as a hedging instrument amidst the 

. Fundamentally, crypto Options share the same characteristics as stock Options, but they come with many more advantages.

Unlike stock Options, crypto Options don’t require you to buy or sell the underlying asset if an Option expires ITM. Instead, your trading account will receive a credit or debit equal to the cash difference between the strike price and the Option's settlement price.

By removing the hassle of physical ownership, you can focus on what's truly important — making money.

Why Do Futures Traders Diversify Their Portfolios With Options to Amplify Returns?

 after numerous Option wins made headlines across the globe.

GME and AMC stock prices surged, and several Wall Street hedge funds opened sizable short positions in GME and AMC in anticipation of a drop in share prices. 

Retail traders rightly guessed that if stocks moved higher, institutions would be forced to buy back shares, pushing prices even higher. 

To take advantage of this, they bought far OTM call Options and paid small up-front premiums. Using leverage, retail traders multiplied their buying power to gain access to a much larger volume of stock than if they’d bought it outright. As predicted, stocks roared higher, with call Options increasing in value exponentially and generating huge profits for retail traders.

With this knowledge, futures traders now consider Options a key component of their investment portfolios. 

Can Crypto Options Really Help to Maximize Gains?

Once you’ve learned to use them to your advantage, crypto Options really can help you maximize gains. Here are three ways to profit from Options:

Options are ideal for protecting an underlying portfolio against market risks and uncertainties. 

If you hold the underlying asset, a long put or a put spread are effective ways to hedge against a sell-off. If you're short of the underlying, a long call or call spread offers the same protection on the upside.

The great thing about Options is that you can choose an expiration date to protect your portfolio for one day, or weeks — or even months in the future. 

With Options, all you need is a little capital to potentially gain significant profits.

When you buy an Option, you can gain access to a large amount of the underlying asset for a small initial deposit. By using leverage, you can multiply the buying power of your capital several times over.

Every trader dreams of their first “10-bagger” (+1,000% ROI). Options are the perfect way to achieve it.

All long Options have limited risk and significant (sometimes unlimited) profit potential. To illustrate this point, think back to the first crypto bull run of 2021. Some coins/tokens recorded growth of 10–20x, with a small number skyrocketing to over 100 times their original value within just a few months. 

Now, just imagine leveraging on Options to take advantage of this price action, knowing the most you could lose is the premium … and the sky’s the limit when it comes to profit. Sounds good? That’s the beauty of Options for you.

Find out how bull markets can affect you:

Although crypto Options behave like other Options, they’re more user-friendly. What do we mean by this? Hold your horses — we’ll explain.

As Bybit’s crypto Options are cash settled, you realize your profits as soon as the Option expires, allowing you to move on to the next opportunity without hesitation. This makes crypto Options the perfect choice for speculating and hedging.

Another benefit is that they don’t have a fixed contract size, so you can risk as much or as little as you want.

In addition, Bybit’s crypto Options are settled in USDC for security and flexibility. In the examples below, you’ll see how this works in practice.

A bull call spread is an effective way to profit in a bull market without breaking the bank.

The setup for the strategy involves buying a call Option (usually OTM) and selling a call at a higher strike price with the same expiration date.

Since you're buying the strike closest to the underlying, the trade costs a net debit, which is the most you can lose.

Here's an example of the bull call spread in action:

The trade costs a net debit of $450 (Premium paid of $600 − Premium received of $150)

The breakeven point is $31,450 (Lower strike + Net debit). The maximum potential profit of $1,550 occurs if the $33,000 call expires ITM ($33,000 − $31,000 − $450).

The worst-case scenario is when the settlement price is at or below $31,000. Here, both calls expire worthless, and you lose the $450 net premium paid.

The bear put spread is the mirror image of the bull call spread, offering a low-risk play for bear market profits.

To set up the bear put spread, you buy a put Option (usually OTM) and sell a put at a lower strike with the same expiration date.

Like the bull call spread, you're buying the strike closest to the underlying, so the trade costs a net debit. 

The cost is a net debit of $450 (Premium paid of $600 − Premium received of $150), which is also your maximum potential loss.

The breakeven point is $28,550 (Higher strike − $450 Net debit). The max profit of $1,550 occurs if both strikes expire ITM ($29,000 -$27,000 − $450).

The maximum potential loss occurs when both strikes expire OTM with zero value. Here, you lose your $450 investment.

Call Options are contracts that confer upon their owner the right (but not the obligation) to buy a specific amount of an underlying asset at a preset price, on or before a certain date (known as the expiration date).

Put Options are contracts that confer upon the Options buyer the right (but not the obligation) to sell a specific amount of an underlying asset at a preset price within a particular time frame.

A stock or crypto European put and call Option is a contract that gives investors a right to buy or sell an asset at a specific price on the day the contract expires. 

A stock or crypto American put and call Option gives investors the right to exercise the contract to buy or sell an asset at any time within a given time frame before the contract expires.

How Do Crypto Options Differ From Stock Options?

Though they have similar characteristics, Bybit’s crypto Options are different from traditional Options in several ways.

How Is Hedging Futures Different From Hedging Options? 

There are a few ways in which hedging with Options — as opposed to futures — can deliver better results.

With futures, you benefit only from a single-directional (up or down) move. But with Options, you can profit when the market moves up, down, sideways, up then down, down then up, a little or a lot … you get the point. In short, Options are much more versatile than futures.

With futures, you take on the same risk level whether you buy or sell. However, you can never lose more than your initial investment when you purchase an Option. Additionally, depending on the strategy, a long Option could have unlimited upside potential.

Another advantage of using Options over futures is that the risk of liquidation is minimal for long Options. Because you pay an up-front premium, the maximum potential loss is known, making it easier for you to manage your capital.

How to Hedge with Crypto Options to Maximize Gains During BTC Uncertainty

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