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

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

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

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

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

Check out the latest prices, charts, and data of 

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

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

Orochi Network airdrop participants can now 

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

Beginner

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

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

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

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

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

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

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

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

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

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

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

Steps for buying USDC via the standard P2P option

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

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

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

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

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

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

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

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

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

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

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

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

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

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

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

USDC offers various investment opportunities on Bybit and beyond.

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

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

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A complete guide on how to buy USDC on Bybit

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

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

Weekly highlight — Trump wants to fire Powell? 

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

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

Weekly crypto highlight — XRP ETF coming

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

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

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

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

Daily top performer — Pyth Network (PYTH)

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

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

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

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

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

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

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

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

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

Trading

A market order executes a trade at the current market price while limit orders allow traders to set specific price levels for buying or selling. This means that limit orders give traders more control but market orders ensure faster executions. Read on to find out all about their differences.

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In cryptocurrency trading, traders can choose between different types of orders to execute their transactions. Two fundamental order types are market orders and limit orders. Understanding the differences between and benefits of these two order types is essential for traders to optimize their strategies and navigate the crypto market effectively.

 is an instruction to a crypto exchange to buy or sell a cryptocurrency at the current market price.

 Market orders are executed at the best available price in the 

, guaranteeing immediate execution. However, this also means that traders won’t be able to estimate the exact price at which the asset will be bought or sold.

When a trader initiates a market order to buy, the order is matched with the lowest sell price currently available in the order book. Conversely, when a trader places a market order to sell, the trade executes with the highest buy price in the order book. Hence, the actual price at which the market order is executed may vary slightly from the last traded price due to fluctuations in the market.

Placing a market order is relatively straightforward, and can be done through the trading platform where your account is held. Here's a step-by-step guide on how to set a market order through Bybit.

: Sign in to your Bybit trading account. If you don't have an account, go ahead and 

: Choose the cryptocurrency you wish to buy or sell from the Bybit homepage. For example, let's assume you want to buy a BTCUSDT Perpetual contract. Select 

: Enter the amount of cryptocurrency you want to buy or sell. The exchange will display the approximate value of the order based on the current market price.

: Once you’re satisfied with the order details, click on 

: The exchange will then execute the market order, and the transaction will be completed at the best available price in the market.

It's important to note that the execution of market orders is subject to market liquidity. In highly liquid markets, market orders are generally executed close to the current market price. In times of high or low liquidity, however, the execution price may deviate from the last traded price.

Advantages and Disadvantages of Market Orders

Market orders offer several advantages that make them popular among traders, but they also have some inherent risks. Let's explore the strengths and weaknesses of market orders.

: Market orders are executed immediately, ensuring traders enter or exit positions promptly. This is crucial, especially during periods of high market volatility when prices can change rapidly.

: Market orders are more likely to be filled because they’re matched with the best available prices in the order book. Even in markets with low liquidity, market orders can still be executed, albeit potentially at less favorable prices.

: Placing a market order is simple and convenient, making it suitable for traders who want a quick and straightforward way to execute trades without getting into complex price analysis.

: Since market orders are processed at the best available price, there's a risk of slippage during high market volatility. 

 occurs when the execution price deviates from the expected price, potentially leading to unexpected costs.

: Traders have no control over the exact price at which a market order is executed. This can pose a challenge for traders who prefer to enter or exit positions at specific price levels.

: In low-liquidity markets, market orders can be susceptible to price manipulation by large traders, commonly known as 

, or entities looking to exploit the shortage of available liquidity.

Market orders are valuable tools for crypto traders seeking fast and efficient execution of their trades. 

 is used in trading to specify the minimum price (for sell orders) or maximum price (for buy orders) at which an investor is willing to sell or buy a particular asset.

 It gives traders more control over their trades by setting specific price parameters. A limit order remains active until it is either executed or canceled by the trader.

When a trader places a limit order to buy, the order will be triggered when the market price dips to or below the set limit price. The order is executed and confirmed if enough sellers are available at the specified limit price.

Conversely, when a trader places a limit order to sell, the order will be activated when the prevailing market price rises to or exceeds the set limit price. This allows traders to wait for a more favorable price level, potentially reducing the impact of price volatility on their trades.

Placing a limit order is a slightly more involved process than that for a market order, as traders need to set a specific price at which they want their order activated. Following are the steps to place a buy limit order on a cryptocurrency exchange.

The first step is determining the target price at which you wish to create a limit order.

Let's say you want to buy Ethereum, but feel the current price is too expensive at $1,850. You would rather buy it at a lower price of $1,800.

Choose your order size, then place the order.

Your order won’t trigger until Ethereum’s price falls to $1,800. The trade will be executed if there’s enough liquidity at $1,800 or lower to fill your order.

Once your trade is in place, you can place a sell order and take profit using a limit. For example, if the price of Ethereum rallies to $1,950, you'll want to close the position. In this case, you would create a sell limit order or a take profit order at $1,950. The order is a resting order, and will trigger if Ethereum rallies to $1,950 and if there’s enough buying liquidity to fill your trade.

Advantages and Disadvantages of Limit Orders

While limit orders are a preferred choice for traders who want a guaranteed execution price, they also have some drawbacks. Let's delve into the pros and cons of using limit orders in cryptocurrency trading.

: One notable benefit of limit orders is that traders have control over the execution price. By setting a specific limit price, traders can ensure they enter or exit positions at their desired price levels.

: Limit orders aren’t subject to slippage, since they’re executed at the set limit price or better. This can be especially helpful during times of high market volatility.

: Limit orders empower traders to adopt a patient and strategic stance. Traders can predetermine the prices at which they’re prepared to buy and sell, and then set the order in advance for automatic execution.

: There's a risk that a limit order may not be executed if the market price fails to reach the set limit price. This could mean missing out on potential trading opportunities if the market doesn't move in the desired direction.

 Limit orders are time-sensitive and may expire if not executed within a specific time frame. Traders need to manage their orders effectively to avoid missed opportunities or unintended trades.

 While limit orders can help mitigate the risk of slippage, they are still subject to market volatility. If the market experiences extreme price fluctuations, the execution of limit orders may be delayed, or may not occur as expected.

Limit orders provide traders with greater control and flexibility in executing trades. By setting specific price levels for buying or selling cryptocurrencies, traders can implement strategies that are well thought out, and potentially reduce the impact of market volatility. 

What’s the Difference Between a Limit Order and a Market Order?

Limit orders and market orders are both fundamental types of orders cryptocurrency traders use to execute transactions in the market. Let's review the main distinctions between the two.

: A market order is initiated at the best available price in the order book. The order will be filled immediately, irrespective of price, ensuring fast execution.

 A limit order allows traders to set a specific price at which they want their order to be implemented. The trade is executed only if the market reaches the set limit price (or a better price) with enough liquidity, offering more control over the execution price.

 Market orders are susceptible to slippage, especially during periods of high market volatility or when markets are thinly traded. Slippage occurs when the execution price veers from the expected price, potentially leading to higher costs for the trader.

: A limit order helps mitigate slippage risk because it’s carried out only at a certain price or better. As a result, traders who use limit orders are less exposed to unexpected price execution.

: Market orders offer immediate execution, since they’re filled at the best available price in the order book. This makes them suitable for traders prioritizing fast trade execution over price precision.

: While limit orders may not provide immediate execution, they give traders the advantage of waiting for a specific price level to be reached in order to align with their trading strategies and analyses.

When to Use a Market Order vs. Limit Order

The choice between using a market order or a limit order depends upon various factors, including trading style, risk tolerance and market conditions. Below are some instances when each order type is more appropriate.

: If a trade needs to be implemented immediately, such as capitalizing on a rapidly changing market trend or entering a time-sensitive trade, a market order typically ensures fast execution.

: Market orders are more suitable for highly liquid markets — such as Bitcoin — in which there’s a significant volume of buyers and sellers. In such markets, the administration of market orders is less likely to be impacted by slippage.

: Day traders, who aim to profit from short-term price movements, often use market orders for quick entries and exits during their trading sessions.

: When specific price levels are crucial for trading, such as placing buy orders at support levels or sell orders at resistance levels, limit orders provide the desired price precision.

 For trading in markets characterized by low liquidity (such as those for many 

), in which price fluctuations and slippage are more common, limit orders can reduce the impact of price volatility by ensuring execution at the desired price level.

: Swing traders, who hold positions for several days or weeks, often use limit orders to patiently wait for favorable price levels that align with their trading strategies.

Is a Limit Order Better Than a Market Order?

A limit order isn’t necessarily better than a market order. The superiority of a limit order over a market order (or vice versa) depends upon specific trading objectives and market conditions.

, enabling traders to enter or exit positions precisely at their desired price levels. This control is valuable for traders employing specific strategies based upon support and resistance levels. 

, making them suitable for traders who prioritize speed and efficiency over price precision. Market orders are particularly beneficial in highly liquid markets, ensuring a high probability of implementation. 

A stop order is a conditional order that converts to a market order when the specified price is triggered. 

Stop orders combine elements of limit and market orders. When a specified price is reached (similar to a limit), the order converts to a market order. Stop orders can be used to buy or sell into trades, or to exit trades when the market is moving against your position.

Choosing between a market order and a limit order depends on a trader's specific needs, trading style and the prevailing market conditions. Market orders offer immediate execution and simplicity, making them suitable for traders who value speed and efficiency. Conversely, limit orders provide price control and reduce the risk of slippage, making them preferred by traders who prioritize price precision and strategic trading. 

By understanding the characteristics and advantages of each of these two order types, traders can utilize both market orders and limit orders effectively to enhance their trading strategies and achieve success in the fast-paced world of cryptocurrency trading.

Market Order vs. Limit Order: How Are They Different?

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