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

DeFi

Altcoins

web3

Compound Finance (COMP) is an Ethereum-based lending and borrowing protocol that algorithmically sets interest rates based on the activity in its liquidity pools.

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 (DeFi) industry has brought us many innovative crypto solutions to put our assets to use. By expanding on the concept of traditional finance lending services, new lending and borrowing protocols are readily being adopted by crypto enthusiasts and flourishing in the world of DeFi in the last few years. Among the leading 

 (DApps) in this domain is Compound Finance (COMP), a lending and borrowing protocol that celebrated its fourth birthday this month (September 2022). 

lending and borrowing protocol that algorithmically sets interest rates based on the activity in its liquidity pools. As of the time of writing (Sept. 15, 2022), the 

 (TVL) in Compound’s smart contracts stands at over $2 billion.

As a Compound user, you can lend and borrow some of the most popular cryptocurrencies instantly without having to go through a traditional financial intermediary. It’s one of the largest and oldest lending and borrowing apps in the crypto world.

Compound is used extensively by DeFi developers, who programmatically integrate it into their DApps and use the protocol for dynamic borrowing and lending. Many yield aggregation protocols and other DeFi apps make use of Compound.

The protocol is also widely used by the general crypto public, not just developers. Non-technical users can borrow funds from Compound by supplying a different crypto coin as collateral.

Compound has been funded by several notable venture capital firms, including Andreessen Horowitz, Bain Capital Ventures and Polychain. The protocol was launched in September 2018 by San Francisco-based Compound Labs, at a time when the lending and borrowing landscape of the crypto industry was still in its early stages of development. Its current main version, V2, was launched in May 2019.

The protocol’s second version introduced several important upgrades, including cTokens, synthetic assets that lie at the heart of Compound’s current supply and borrow functions.

In August 2022, Compound launched V3, which works in parallel with V2. The third version focuses on a higher degree of simplicity in using the app and offers fewer cryptocurrencies, compared to V2.

At the moment, the bulk of activity on the protocol still takes place on V2, with V3 likely to gain wider use in the future.

Compound dynamically maintains the interest rates in its coin pools, based on the supply and demand for the particular cryptocurrency. Coin prices are fed into the protocol using 

 that source crypto price data from various exchanges. 

Since supply and demand fluctuate, the interest rate for each crypto varies according to the liquidity in the market. You can check the current interest rate for the crypto you wish to lend or borrow on each 

If you’re a DeFi developer, you can use functions provided by Compound to integrate the protocol into the working mechanism of your DApp.

If you’re an individual looking to lend or borrow crypto, you can easily interact with Compound via its graphical user interface and one of the supported Compound wallet brands. The following wallets are directly integrated by the Compound app:

Once you’ve linked your wallet to the Compound app, you’re ready to start using the protocol.

The first major operation you’ll need to carry out on Compound is to lend some crypto funds to the protocol. This is necessary so that you have the ability to borrow. Similar to other popular lending and borrowing platforms, Compound requires collateral to let you borrow from the protocol. The supplied collateral will earn interest within the protocol, though you won’t be able to redeem the collateral while you’re borrowing.

In the platform’s parlance, lending to the protocol is called “supplying.” If you use Compound’s V2, the most commonly used version as of today, you have a choice of around 20 different cryptocurrencies you can supply.

Typically, the most actively used pools both for supplying and borrowing are based on Ether (ETH) and on popular 

he top 5 cryptocurrencies by supply amounts on Compound V2 as of September 15, 2022

If you use V3, your choice of cryptos to supply will be more limited. At the moment, Compound’s V3 offers five coins as shown below.

The supply cryptocurrencies on Compound V3 as of September 15, 2022

When you supply your crypto to Compound, you’re issued special 

. For each cryptocurrency lent to the protocol, there’s a corresponding cToken.

For example, if you lend in Dai, you’ll be issued cDai tokens. If you lend in ETH, the corresponding cToken issued to you will be cETH, and so on.

Critical to the entire Compound functionality, cTokens serve several key purposes on the platform beyond simply confirming your deposit. We’ll take a closer look at them later in this article.

Lending a coin to Compound allows you to earn interest from your investment, as well as establishing your eligibility to borrow a different cryptocurrency from the protocol.

As soon as you’ve lent some funds to the Compound protocol, you’ll have an estimated borrowing capacity. Based on this, you can borrow crypto up to a certain limit from Compound. Your borrowing capacity is estimated in USD equivalent.

For instance, if you’ve lent 100 Dai to the protocol, your borrowing capacity will be estimated based on the rate of the Dai coin determined by the Open Price Feed system.

If you’ve lent funds to the protocol in multiple cryptocurrencies, they’ll all be taken into account in order to determine your total borrowing capacity.

You may borrow crypto funds from the protocol based on the collateral ratio of each coin. For example, if Wrapped Bitcoin (WBTC) has a collateral ratio of 80%, you can borrow in WBTC up to 80% of your total lent amount. Most coins have a collateral factor somewhere between 60% and 85%.

As such, Compound is a typical over-collateralized borrowing system. This carefully maintained over-collateralization allows the platform to maintain its time-tested (at least by the standards of the young DeFi industry) stability and robustness.

When you borrow from Compound, you’re issued funds in cTokens, the same tokens used for lending. Thus, using our WBTC example above, when you choose to borrow in this coin, the funds are actually released to you in cWBTC tokens. You’ll also pay interest based on your cToken liability.

Once you’ve closed your debts to the protocol, you may redeem the funds you lent to Compound at any time. The beauty of lending and borrowing on Compound is that you don’t have to deal with another trader — and there are no minimum investment periods or withdrawal penalties. At all times, you’re transacting with a dynamically maintained set of liquidity pools.

When you redeem your investment, your cTokens, along with the accumulated interest added to them, are converted back to the original cryptocurrency you lent to the protocol.

Compound uses the concept of account health to determine accounts on the platform that are at risk of liquidation. Account health is the ratio of the sum of your supplied funds in an account equivalent to the total amount borrowed.

If your account health ratio falls dangerously low, your account may be liquidated and you’ll lose some of your collateral. Compound doesn’t use a centralized system to liquidate accounts.

The entire procedure for monitoring for risky accounts, and any liquidation itself, are carried out in a decentralized way by platform users who act as liquidators. They then receive a portion of the liquidated account’s funds.

cTokens are a fundamental tool on the Compound platform. When you supply funds, you’re issued these tokens, which act first and foremost as your “deposit certificate.”

All the interest that accrues on your lent funds is added to your cTokens holdings, not to the original crypto coin you’ve invested. As such, these tokens are synthetic assets whose value grows over time.

When you borrow funds, the amount is dispatched to you in the corresponding cTokens as well. Given the nature of these tokens, they have limited-to-no use in the general crypto market outside of the Compound platform.

The COMP token is Compound’s main and native cryptocurrency. An ERC-20 standard token, COMP’s main function is 

. COMP holders have the right either to vote or delegate votes on all key changes concerning the protocol. COMP is currently the ninth largest governance crypto by market cap.

The top 10 governance cryptocurrencies by market cap as of September 15, 2022

Compound Crypto Price Prediction: Is COMP a Good Investment?

The COMP token was launched in June 2020, initially trading slightly below the $100 level. Less than a year after its launch, in May 2021, COMP soared to its all-time-high price of $910.54. As the overall crypto market cooled around mid-2021, the COMP token entered a prolonged period of decline.

That decline ended in mid-June 2022, with COMP touching a low of $26.41. Since then, the token has been on a path of slow and steady recovery. It currently trades at around $57 (as of Sept. 15, 2022).

In general, COMP’s price movements have largely followed the overall crypto market, a common scenario for the majority of leading and established 

As the crypto market is in the slow recovery phase, COMP should also be trending modestly up in the short- and medium-term future. Over the long term, we expect COMP to perform well, perhaps better than most other altcoins.

Compound’s business fundamentals are strong, and the platform has proven its viability over the last four years. Some investors and analysts even consider COMP to be among the ultimate 

 coins. CoinCodex expects Compound’s price to rise a maximum of 

, an over 1,000% increase from its current price. DigitalCoinPrice also anticipates a rise, though less dramatic than that forecasted by CoinCodex, to a maximum of about 

Since COMP is one of the most well-established altcoins, there’s no shortage of exchanges where you can buy it. Bybit offers COMP on both its 

Compound is among the leading DeFi platforms, and is likely to remain so for the foreseeable future. The protocol’s time-tested business concept, ample over-collateralization, solid market results and ubiquitous brand awareness among DeFi traders all contribute to its ongoing success. Those who consider COMP a HODL token might just be spot-on in their assessment.

What Is Compound Crypto Protocol?

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