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

Trading

A block trade typically involves a large number of securities, and is carried out on private exchanges. Find out why institutions today are using this method.

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You may be familiar with block trades in traditional finance. In the world of stocks and securities, trading large quantities can create significant price movements on public exchanges like Nasdaq. To prevent volatility, investors or traders may choose to place block trades 

(over the counter) or in the private market instead. 

Similarly, in the cryptocurrency world, where assets with high market capitalization, such as 

 (ETH), are traded, colossal transactions can also cause substantial market fluctuations. This has led to the introduction of block trades in crypto.

This article discusses everything you need to know about block trades in the evolving world of cryptocurrencies.

A block trade is a large order between two transacting parties

. In both traditional finance and crypto, block trades are typically used by institutional investors, such as investment banks, real estate investment trusts and crypto hedge funds, to conduct large-scale transactions discreetly in order to avoid market volatility. However, block trades can also be carried out by individual investors. 

Block trades are usually made at a discounted price, and can be considered as a sort of private purchase agreement, as they often occur off the public exchanges or through private platforms.

Due to their sizable transaction amounts, block trades are risky. If the security’s or crypto’s price moves against the block trader, they may suffer significant losses. For this reason, it's imperative that block traders have a good grasp of both the market and the assets they’re trading.

Additionally, as block trades aren't subject to the same regulations as regular trades, they can be conducted without having to provide information about the trade. This lack of transparency has created controversy in the trading community, with some critics arguing that block trading gives larger investors an unfair advantage over the rest. 

Nevertheless, the fact remains that block trading is an essential part of modern financial markets, and plays a vital role in facilitating institutional investment overall. 

How Do Block Trades Affect Crypto Prices?

Block trades help mitigate price fluctuations by allowing large quantities of crypto to be bought or sold without causing major price movements in the crypto market. As block trades are typically conducted privately, institutional investors can avoid the volatility that would occur if they tried to trade the same quantity of crypto on the public market.

Let's assume a hedge fund wants to buy $10 million worth of BTC. If the hedge fund places an order today for $10 million worth of BTC on a public exchange, the move would likely push up the price of BTC. By executing a block trade on a private platform, however, the hedge fund can buy the same amount of BTC without causing a ripple effect — orders are kept anonymous, and no order book is available to the public.

Block trades are typically conducted as over-the-counter (OTC) trades or on private exchanges. 

OTC block trades are usually transacted directly between two parties. The trade is arranged through secure communication methods, such as encrypted messages. Once the trade is agreed upon, it will be executed.

Meanwhile, some cryptocurrency exchanges offer private trading options, such as 

, whereby large trades can be executed discreetly and often at more favorable prices.

. Additionally, retail investors usually don’t have the resources or the knowledge to conduct block trades. However, some advantages still exist for individuals with the resources to spend. First, block trading allows trades to be conducted swiftly, without having to execute multiple orders or wait for the exchange to match your orders. 

In addition, negotiating a price directly reduces the risk of 

 since the transaction price is predetermined between the parties, preventing unexpected price changes.

Additionally, Bybit has eased the block trading process for you with the introduction of P2P Block Trade, which allows you to execute swift and efficient trades without fees. Bybit’s P2P Block Trade also boasts excellent security, thanks to its rigorous 

/KYB verification processes for both buyers and advertisers and its strict asset management protocols. You can rest assured that your large-scale transactions are in safe hands.

If you want to participate in Bybit’s P2P Block as a buyer, just follow the steps below.

 on the top left corner of the navigation bar to enter the P2P trading page. If you want to buy USDT, then choose your preferred advertisement and click on 

: On the order page, check the payment method provided by the advertiser and choose your preferred method to make payment. You will need to go to your online banking or third-party payment application to transfer the fiat currency to the advertiser, according to the account information provided by the advertiser.

Once you’ve completed the payment, return to your 

. Wait for the advertiser to process the coin transfer. Once the coins you've purchased have been successfully released by the seller to your 

 to verify them, along with your transaction history. 

If you join P2P Block as an advertiser, you get to enjoy certain privileges as compared to regular advertisers on P2P Trading. For instance, you’ll have double the order limit, with a single maximum order limit of 200,000 USDT, and your Block advertisements will receive priority placement in search results. Furthermore, you can have two types of ad listings — both Block advertisements and regular P2P advertisements — and you can create up to three listings for each type. You’ll also gain access to a pool of pre-verified and margin-backed traders, ensuring a secure and reliable trading experience.

If you wish to become a P2P Block advertiser on Bybit, you must deposit 50,000 USDT as an Individual Advertiser, or 100,000 USDT if you’re an Institutional Advertiser. On top of that, you’ll need to submit proof of individual/institutional financial standing with the required documents as listed below. Note that the review process usually takes two days.

In general, block trading can be a valuable tool for institutional investors, and even individual investors with sufficient resources, to execute substantial crypto transactions without disrupting the market. By using block trades, investors can avoid slippage, benefit from negotiated pricing and enjoy reduced transaction fees.

Bybit offers a P2P Block Trade service at zero fees for those interested in block trades in the crypto space. With P2P Block Trade, you can be confident in executing a sizable trade, thanks to the robust security we offer through rigorous KYC/KYB processes and excellent asset management protocols. 

Block Trade: A Compelling Alternative for Institutional Crypto Traders

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