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

Investing

Trading

Have trouble sticking to your trading plan? Why not try OCO orders as they help manage your risk while dealing with the volatility of crypto.

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The crypto market is attractive to new and experienced traders because of its strong trends, which also bring increased volatility and risk. One way experienced traders manage this increased risk is by incorporating one-cancels-the-other (OCO) orders into their strategies. 

 orders help traders lock in profits, manage risk, and easily enter and exit positions. This allows traders more time to analyze the market with less time spent babysitting each trade. Curious about how to include OCO orders in your arsenal of 

 tools? In this article, we’ll discuss what is an OCO order, common ways to use it and how to place an OCO order.

An OCO order is actually a pair of conditional orders. It specifies that if one order fills, then the other order is automatically canceled. The OCO order is commonly used to manage risk in an open trade, or to straddle the current market price in entering a new position.

Usually, the OCO order is a group of two traditional orders that you may be familiar with, the 

The stop order is placed at a specific price below the current market, such that if the price is triggered, the order converts to a market order. On the other hand, the limit order, which is also placed at a specific price, has a price location better than the current market price. 

For example, if Bitcoin is trading at $50,000, a stop order to buy would be placed at a price above the current market price. A stop order to sell would be placed below the market price.

Additionally, a limit order to sell is placed above the current market price, while a limit order to buy is placed below the market price.

The grouping of these orders is conditional because they cannot execute at the same time. One of the orders will cancel when the other order executes. Think of the pair of orders as being on a first come, first served basis. The order which executes first stays, while the remaining order is canceled.

More experienced traders that know what is an OCO order tend to rely on it for a variety of reasons. For example:

The biggest reason to use OCOs is from an operational perspective: they put a trading plan in place that calls for certain prices in order to enter and exit the market. The OCO orders are placed at those specific levels, and the trader doesn’t have to be present in front of their charts to execute the positions. This frees the trader to analyze other markets for potential trading opportunities.

The second-biggest reason traders love to use OCO orders is because they remove emotions from trading. Many times, entering or exiting a position can be an emotional roller coaster.

As you’re entering into a trade, you might second-guess whether you’re entering at a good price. Then, when you decide to exit the position for profit, you might feel like there’s more gain available, fearing that you’re leaving money on the table. Or, if you exit the position for a loss, you might feel like the market may turn around and move back to break even — or better.

These emotions are magnified when volatility is high, which is frequently the case in the crypto market. However, when a trader utilizes OCO orders, the emotion of the moment is removed and the trader has more energy to focus on the actual price action. Thus, trading with OCO orders helps you stick to your original trading plan, regardless of the ongoing volatility.

There are three general scenarios when a trader will want to utilize OCO orders. Nearly all trades will fall into one of these three circumstances, so traders need to have a thorough understanding of OCO orders.

The most common situation for which traders implement an OCO order is when they’re managing risk on a currently open position. Let’s say that a trader is currently longing Bitcoin. This trader wants to manage risk so that if the market moves against them, they’ll exit the trade with only a small loss. On the other hand, if the market moves strongly in their favor, then they’ll exit the trade with a profit.

The trader has entered the market near $57,000 and, according to their analysis, a correction back below the previous week’s low at $51,000 would negate the momentum behind the current uptrend.

On the other hand, the all-time high for Bitcoin is resting near $64,000, and the trader believes BTC may find resistance and trade lower if it approaches the previous all-time high. As a result, the trader will place a sell stop order at $51,000 and a sell limit order at $64,000.

The moment one of the orders is executed, the other order needs to be immediately canceled. Therefore, the trader bundles these orders together as an OCO order. In this scenario, the trader has essentially straddled the market with a stop-loss order and a take-profit order.

Another common scenario for implementing OCO orders is when the market is trading within a defined range, and the trader wants to join the next trend. However, the trader is unsure of the direction of the next trend, so they place a sell stop order below support and a buy stop order above resistance.

For example, the non-farm payroll jobs report is oftentimes a market-moving event. Going into the news release, traders are uncertain how the market might respond. Therefore, traders will wait about 15 minutes after the release, then mark the high and low price points to establish a straddle to enter the position.

On October 8 in the illustration below, the non-farm payroll report is released, creating a few minutes of volatility.

A trader will then identify the high price of the release, in this case near $55,177. A buy stop order is placed so that if this price is reached, the order converts to a market order to buy.

The trader will then identify the low price of the release, in this case near $54,547. A sell stop order is placed at $54,547 such that if the market reaches this price, the order converts to a market order to sell short.

 breaks below the support, triggering the short entry.

These two orders are then bundled together so that when one of the orders executes, the other order is immediately canceled.

Deciding Between Buying Two Different Cryptocurrencies

There are times when the trader is interested in buying two different cryptocurrencies, but has limited funds to invest in both. An OCO order can be utilized on each cryptocurrency so that when a buy point is reached for one of them, the other order is automatically canceled.

For example, let’s say a trader is interested in buying Solana and Tezos, but doesn’t have enough capital to invest in both. Therefore, they set an entry order to buy Solana at the 61% 

 level near $143. Additionally, they set another entry order to buy Tezos at the 61% Fibonacci retracement level near $6.50.

The trader will then wrap the two orders together as an OCO. Therefore, the moment the first of those two orders triggers, the second entry order is immediately canceled, preventing two positions from being entered into.

This technique of OCO trading is especially helpful when dealing in leveraged products so the trader isn’t overleveraged in their account.

Know what is an OCO order? Now it’s time to learn how to place it. How you set up OCO orders on various platforms will be different. Some platforms create an easy-to-understand user interface that packages the orders together for you automatically. Other brokers may require you to bundle your OCO orders together.

With the advance of new technologies, most brokers are providing easy-to-use interfaces that make creating an OCO order fairly simple.

For example, let’s assume that a trader wants to use TradingView to buy Bitcoin at the market price, using an OCO to manage risk.

When the trader checks the boxes next to “Take Profit” and “Stop Loss”, they’re creating two additional orders once they buy Bitcoin.

The moment the trader pushes the “BUY 1 BYBIT:BTCUSD MKT” button, they’ll be long one bitcoin. Simultaneously, they’ve established a take-profit limit order to exit the market at 7,500 points away, or at $61,105. Additionally, they’ve established a stop-loss order at 2,500 points away, at $56,105.

The take-profit and stop-loss orders are packaged together as an OCO. The moment either $61,105 or $56,105 is hit, the opposing order is canceled.

Other brokers might require you to create the individual orders, and then link them together. For example, the broker may suggest you create both the stop-loss order and the take-profit limit order individually. The broker would then allow you to link those together as an OCO. The important thing to remember is to check with the platform first to see how they handle OCOs.

With this guide, we hope your questions regarding what is an OCO order have been answered. Trading with OCO orders effectively helps both new and experienced traders navigate the volatile cryptocurrency market. Rather than watching each tick of the market, OCO traders can manage their risk using automation. This frees their minds to focus on analyzing other markets, or following the market’s price action.

The beauty of the OCO order is that you can straddle the current price with the appropriate order. Once one of the orders executes, the remaining order is automatically canceled. When it comes to managing your trades, OCOs can help keep it simple.

OCO Orders: How They Can Limit Your Crypto Trading Risk

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