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

2.png

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.

how to buy usdc.png

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

21 Apr 2025 weekly newsletter.png

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.

1.png

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

Trading

Derivatives

Options

Strategies

Should you be trading futures or options? Learn the difference and start profiting based on the trading instrument that suits you best. 

Futures_vs._Options.png

Trading in the financial markets can be an exciting and rewarding experience. With many available options, deciding which route to take can be challenging. Futures and options contracts are investment options with the potential to generate leveraged returns. Both are derivatives — financial instruments that derive their value from an underlying asset such as a stock, commodity or cryptocurrency. However, these two financial tools differ significantly and cater to different types of investors. So, which of them is the best for your investment goals?

In this article, we'll break down the differences between futures and options contracts to help you determine which is right for you. So buckle up and get ready to unlock the potential of these powerful financial instruments.

 are agreements between two parties to buy or sell an underlying asset at a predetermined price and specific date in the future. Futures contracts allow investors to trade cryptocurrency without actually owning them. 

Crypto futures contracts share similarities to traditional futures contracts but use cryptocurrency as the underlying asset. But unlike their conventional counterparts, crypto futures are characterized by high volatility, leverage and 24/7 trading.

Crypto futures offer investors the potential to profit from rising and falling markets, making them an attractive investment opportunity for those who have a good understanding of the crypto market and are comfortable with the added risk.

Traders can take a long or short position, depending on their outlook. Long positions are a common practice for traders who predict a price increase; however, traders short a position in the hope of benefiting from the price declines.

If the position is held until maturity, the trader will gain or lose depending on the settlement price at maturity. At maturity, the settlement price is determined by the spot price of the underlying cryptocurrency. If the trader closes the futures position before maturity, the profit or loss depends on futures market prices at the time of unwinding.

Unlike spot or cash assets, futures typically operate "on margin," allowing traders to gain exposure to larger gains with relatively small capital.

Futures are typically (but not always) contracts based on the price of an asset at a specified future date (forward contract).

Like traditional futures contracts, standard crypto futures contracts govern trades in cryptocurrency at an agreed-upon price and predetermined date. They're similar to standard futures contracts in conventional markets with similar expiry and settlement mechanisms. 

Traditionally, expiration dates occur monthly (serial) or every three months (quarterly). At the time of expiration, the position is closed via a settlement process (more on that below). For example, the CME Group launched Bitcoin futures contracts that are cash-settled every three months in USD.

When trading standard futures, you should remember this: 

To do this, you must close your position in the active contract (front month) and open a corresponding position in a further forward futures contract (back month) 

Another thing to consider is that asset prices usually change over time. For this reason, futures contracts are priced using a forward curve.

For assets that are expected to rally over time, the price of forward contracts rises as they move further into the future (contango). 

Whereas for assets expected to plunge, the price of forward contracts falls as they move further into the future (backwardation). Because of this, the prices of different maturities (expiration dates) can fluctuate dramatically, making it challenging to manage a long-term position — especially when the contract is close to expiry (run-off).

Physical delivery futures are futures contracts where the underlying cryptocurrency is physically delivered to the buyer at the end of the contract. This type of contract is designed for those who want to take actual ownership of the cryptocurrency rather than just speculating on its price movements. 

In crypto, perpetual futures contracts are linear contracts with no expiration date. Like standard futures contracts in crypto, they allow traders to take a long or short position on the price of a cryptocurrency and profit from price changes without owning the underlying asset physically. However, unlike traditional futures, perpetual futures have no expiration date. 

Trading perpetual futures have two main advantages over traditional futures contracts:

For instance, the funding rates are regular payments (every 8 hours for Bybit products) provided to or by long or short traders, depending on the difference between perpetual contract markets and spot prices.

The perpetual futures funding mechanism incentivizes traders to buy futures when the price is low relative to the underlying spot market. By contrast, high funding rates incentivize traders to sell futures — this works by creating a risk-free arbitrage if the futures price deviates too far from the underlying.

For example, if the BTC funding rate is positive (longs pay to shorts), in theory, you could sell futures contracts in BTC and buy an equivalent amount of BTC in the spot market to hedge your position, at the same time collecting the funding fees. This arbitrage window ensures the futures price remains anchored to the underlying asset.

 allow traders to use BTC and other coins as the base currency. Since different coins can be used as collateral and the payoff, margin and P&L are calculated differently from linear perpetual futures.

Futures contracts are usually settled in one of two ways:

Note: Bybit's Perpetual Futures Contracts are cash-settled in USDT or USDC.

, like crypto futures, are financial contracts tied to the value of any underlying digital asset that gives traders an option to buy or sell the asset at a set price on a future date. However, unlike crypto futures, options contract holders have the right but are not obligated, to buy or sell the underlying asset at maturity. 

Crypto options contracts offer holders a way to reduce the risk of loss and avoid forced liquidations associated with futures contracts. For this feature, buyers must pay the option's writer a non-refundable initial fee or premium.

While various types of options contracts are available in the crypto market, the two common types are call and put options.

 (Calls) allow the trader to buy an underlying asset at a predetermined date and price (strike price). On the contrary, 

 (Puts) benefit the buyers if the price of the underlying assets falls. Both puts and calls have a specified price (strike price) at which the holder may activate the option either before or at the contract's predetermined expiration date.

The option buyer pays a fee known as an "option premium" to the seller. The premium represents the maximum potential loss for the buyer. Whereas for the seller, the premium is the maximum potential profit.

Say, as an experienced trader, you're convinced the price of BTC will be on the uptrend and buy a call option with a strike price of $50,000. If the price of BTC goes up and reaches $60,000, you can exercise the option to buy BTC at $50,000 and then sell it at $60,000 for a profit. 

Conversely, if BTC price plunges to $30,000 at the call option maturity, you can decide not to exercise your options right. But you'll have to forgo the premium.

In contrast, a put option allows the buyer to sell the asset at a predetermined price before the contract expiration.

Fearing a market downturn, you buy a put option on ETH, with a strike price of $3,000 as a 

. If the price of ETH drops to $2,000, you can exercise your option to sell ETH at $3,000 to cut your losses.

Here are the steps needed to execute the above trade using Bybit’s USDC-settled BTC-Options.

Deselect the expiration dates you don’t want to view. Or you can choose to display several expiration dates at the same time

Next to the expiration dates, select the number of available strike prices you wish to view from the drop-down list.

Futures vs. Options: Which One Suits You Best?

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard