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

Web3 Experts

In this second episode of Learn Web3 With an Expert, we’re privileged to feature Lucas from Cobo, Bobby W. from UniPass Wallet and Jag Foo from Safeheron.

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The advent of digital currencies has brought about a significant shift in financial paradigms, with cryptocurrency wallets at the forefront of this transformation. More than just tools for storing digital assets, they’ve become integral components in the broader 

’s early days to the current era of decentralized finance (

), the development of crypto wallets has been nothing short of revolutionary.

This article delves into the intricate world of 

, tracing their evolution from basic storage units to sophisticated platforms that cater to a diverse range of user needs. We’ll explore the various stages of wallet development, classify different types of wallets and shed light on the future prospects of this essential crypto tool. Additionally, we’ll guide you through the key factors to consider when choosing a wallet, ensuring that you find the perfect match for your crypto journey whether you're a beginning, intermediate or advanced enthusiast.

 on Bybit Learn, we aim to demystify these complex topics and provide insightful perspectives from industry leaders. Join us in this second installment as we invite three experts — Lucas from 

 — to unravel the complexities of cryptocurrency wallets, providing you with the knowledge and insights needed to navigate this crucial aspect of the ever-evolving digital asset world.

Cryptocurrency wallets have mirrored the evolution of blockchain technology, transitioning through three distinct stages since the inception of Bitcoin 14 years ago. Initially, these wallets were simple tools for storing and transferring Bitcoin (the 1.0 Era, 2009–2013). As the blockchain landscape expanded with the introduction of 

, wallets evolved into more complex platforms capable of interacting with decentralized applications (

) and the burgeoning DeFi ecosystem (the 2.0 Era, 2014–2020). During this period, transaction activities surged, DeFi 

 became popular and the number of cryptocurrency wallet users exceeded 50 million. 

The current phase (the 3.0 Era, 2021–present) represents a significant leap forward. Today's wallets are multichain, multi-asset management platforms, emphasizing user experience and interactive features. This era is marked by the explosion of NFTs and 

 applications, making cryptocurrency wallets indispensable for storing and trading digital assets.

Cryptocurrency wallets can be classified based on internet connectivity and control over accounts. 

, with cold wallets including hardware and 

 and hot wallets encompassing software (or externally owned account), contract account (or smart contract), multi-party computation (MPC) and the increasingly popular account abstraction (AA) wallets. 

The second method categorizes wallets into 

, based on the level of users’ control over their accounts.

Users generally consider three aspects when evaluating wallets: convenience, ease of use and security. This user-centric approach has led to the development of various wallet subcategories, including mobile, blockchain ecosystem, exchange, asset custody, hardware, multichain, web3 and identity wallets.

Hot wallets are connected to the internet, making them convenient for quick transactions. Following are the various types of hot wallets available.

Cold wallets are offline storage options, providing an added layer of security against online threats. There are two main types of cold wallets:

Wallet Subcategories: Catering to Diverse Needs

Cryptocurrency wallets are poised to become a central hub in web3, potentially surpassing traditional trading platforms in importance. Their future value can be realized in several ways.

 on decentralized societies and the search for the soul of web3, highlights the current limitations of web3 at the application layer. These limitations stem from the lack of native components representing human identity and social relationships in web3. Wallets, therefore, emerge as perfect web3 components. They could integrate various personal details, such as identity, driver's licenses, medical records and addresses into a unique DID system through the use of smart contracts. Wallets may eventually offer functionalities such as off-chain identity verification, on-chain identity aggregation, and on-chain credit scoring and behavior authentication.

Currently, the web3 stack is structured into four layers: Protocol, infrastructure, use case and access layers. Due to structural issues and their complexity, there's a lack of integration across these layers. Wallets are positioned at the top of this stack and act as entry points to various web3 activities, making the web3 stack a reality. 

For example, wallets could replace existing login systems, eliminating the need for Facebook or Google credentials to create new accounts on all websites. Instead, wallets could be used to authorize logins, becoming the primary entry point for most web3 applications.

The development of web3 applications is built on smart contract platforms, such as Ethereum, 

, a wallet is developed to adapt to its respective on-chain ecosystem, aiming both to thrive in the ecosystem and compete for traffic. However, the multichain competitive landscape has fragmented the liquidity and composability of DeFi products, with digital assets unable to flow freely across all public chains. As connectors, wallets could bridge these public chains.

Wallets are envisioned to evolve into small chips, seamlessly blending the virtual world with the real world. These chips, akin to contact lenses, could enable a bare-eye augmented reality (AR) experience, complemented by a control terminal similar to a smartphone. Individual information — including age, profession, relationship status, social connections and digital assets — could be displayed directly on faces through AR. 

, everyone's information would be transparent and interactive, allowing users to log in for any metaverse experience, purchase anything sold in the metaverse and fully utilize the 

However, the future development of wallets also faces challenges:

Now that you’re more familiar with the different types of crypto wallets available, let’s explore how to choose one.

When selecting a cryptocurrency wallet, users typically weigh several important factors to ensure their digital assets are managed effectively and securely. Understanding these factors is crucial for both new and experienced users in the crypto space.

At the heart of a cryptocurrency wallet's value is its security. Users should prioritize wallets that employ state-of-the-art encryption methods and secure communication protocols. This ensures that sensitive information, such as private keys and transaction details, remains protected from unauthorized access. 

Another crucial aspect is the management of private keys. The most secure wallets are those whose private keys are stored locally on the user's device, as opposed to being held on a remote server that could be vulnerable to hacks. Additionally, wallets that regularly update their software and undergo independent security audits demonstrate a commitment to maintaining high security standards, offering peace of mind to their users.

A cryptocurrency wallet’s usability is just as important as its security features. An intuitive and user-friendly interface is essential, particularly for those new to the crypto space. The wallet should offer clear navigation, making it easy to perform transactions, check balances and access additional features without confusion. For more experienced users, the interface should also provide efficient access to advanced functionalities such as DeFi platforms, NFT marketplaces and detailed transaction histories. Performance and speed are also key; a wallet that operates smoothly and processes transactions quickly enhances overall user experience.

Diversity in asset support is another significant factor. A wallet that supports a wide range of cryptocurrencies and tokens allows users to manage all their digital assets in one place. This is particularly important for users who invest in a variety of coins, or those interested in exploring new 

s and tokens. The ability to easily add and manage these assets within the wallet is a feature that many users find invaluable.

The cost associated with using a wallet, particularly in terms of transaction fees, is a practical consideration. Wallets vary in their fee structures, so users should choose a wallet that aligns with their transaction habits and frequency. Some wallets offer lower fees for higher volumes of transactions, which can be beneficial for active traders. Transparency in the fee structure, without hidden charges, is a critical aspect to look for.

The ability to back up and recover your wallet is a safety net that cannot be overlooked. Ensure that the wallet offers reliable backup options, such as seed phrases, and a straightforward process for restoring the wallet on a new device in case the original one is lost or damaged. This feature is crucial for safeguarding your assets against unforeseen circumstances.

For intermediate and advanced users, additional features such as direct access to DeFi platforms, DApps and integration with other blockchain services add significant value to a wallet. These features enable users to engage more deeply with the broader crypto ecosystem directly from their wallet interface.

Lastly, the strength and activity of the wallet's development team and the community support it garners are indicators of its reliability and future potential. A wallet backed by a strong, positive community and an active development team who regularly release updates is likely to be more trustworthy and forward-looking.

For those new to the cryptocurrency world, the journey can often seem daunting. Beginners typically include individuals who have little to no experience in trading or managing digital assets. They’re often eager to participate, especially during periods of market optimism like a bull run, but may feel overwhelmed by the plethora of options and technical jargon. This group is looking for a straightforward and uncomplicated entry point into the crypto space.

Ideal Wallet Features for Beginning Users

Beginning users should look for the following:

These wallet types are perfect for beginning users because of their simplicity and ease of use, providing a gentle introduction to cryptocurrency management.

Examples of Wallets Suitable for Beginning Users

By selecting a wallet that aligns with these characteristics, beginning users can embark on their crypto journey with greater confidence and ease, gradually building their understanding of and comfort with digital asset management.

Intermediate users in the cryptocurrency world are those who have surpassed the beginner stage and are looking to broaden their engagement with digital assets. They have a basic understanding of how cryptocurrencies and wallets work and are ready to explore more features, such as participating in DeFi, 

Ideal Wallet Features for Intermediate Users

As users become more comfortable with basic transactions and start exploring the broader aspects of cryptocurrencies, they may want to consider the following choices:

Intermediate users will find these wallets beneficial, since they offer more features and support for a wider range of crypto activities, including participation in DeFi and NFT platforms.

Examples of Wallets Suitable for Intermediate Users

Advanced users are the veterans of the cryptocurrency world. They have extensive knowledge of various cryptocurrencies, are active traders and often participate in various aspects of blockchain technology, including DeFi, 

Advanced users, who are well-versed in the intricacies of the crypto world and require a wallet that matches their expertise, should look for the following choices:

For advanced users, these wallet types are suitable due to their heightened security features and the ability to manage a complex and diverse range of crypto activities.

Examples of Wallets Suitable for Advanced Users

Types of Crypto Wallets: A User-Focused Comparison Guide

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