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.

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

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

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

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

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

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

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

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

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

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

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

Steps for buying USDC via the standard P2P option

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

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

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

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

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

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

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

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

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

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

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

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

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

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

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

USDC offers various investment opportunities on Bybit and beyond.

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

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

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A complete guide on how to buy USDC on Bybit

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

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

Weekly highlight — Trump wants to fire Powell? 

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

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

Weekly crypto highlight — XRP ETF coming

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

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

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

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

Daily top performer — Pyth Network (PYTH)

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

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

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

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

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

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

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

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

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

Trading

The commodity channel index highlights overbought and oversold cryptos. Learn how to gauge trend strength with our CCI indicator guide.

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Buying and selling cryptocurrencies in a challenging, volatile environment becomes easier when using technical indicators. These indicators can help crypto traders make better trading decisions because they give an unbiased view of the underlying coin.

The secret to using indicators to understand price movements is to keep it simple. One effective tool to use is the commodity channel index indicator, which helps give you an overview of what the price is doing. It’s one of the profitable momentum-based indicators that shows potential price reversal points, including the trend’s strength. 

Making trades using the CCI indicator requires an understanding of how it works, along with practical trading knowledge. We’ll explain how the CCI indicator works in the cryptocurrency market, and how to build a profitable trading strategy by combining the CCI oscillator with other indicators. 

What Is the Commodity Channel Index Indicator? 

The CCI indicator is an analytical tool used to find possible oversold and overbought levels of a trading instrument. In addition, investors can use it to find the strength of a trend in order to find potential buying and selling opportunities.

The CCI indicator was developed by technical analyst Donald Lambert in 1980. It was intended to find the average mean price over a specific time. While creating this indicator, Lambert considered using it in the commodity market. Its use is still applicable in modern cryptocurrency trading.

The CCI indicator’s value is higher when price moves above the average for a particular time. As a result, the market trend is then considered stronger. On the other hand, if the CCI is lower and the price is below the average level, we can consider the current trend as weak.

Let’s see how trend strength and weakness are indicated in the price chart below:

The CCI indicator considers several elements in its calculation method. For a 20 period CCI, the calculating method is as follows:

In this calculation, the value of 0.015 is a constant defined by the creator of this tool. The use of this constant value keeps the majority of CCI values oscillating within the +100 to −100 range.

The SMA is calculated by adding together the 20 previous typical prices, and dividing by 20.

Ultimately, success in technical analysis depends on how a trader utilizes the tools at their disposal. 

The primary way to trade using the CCI indicator is to find the overbought and oversold zones of a range-bound market to open a buy position from low and sell from high.

Ideally, the price has a higher possibility of decreasing during an overbought market scenario. On the other hand, in an oversold state, a price increase is highly probable. In that case, traders can take long positions when the CCI indicator is above 100. Similarly, they can close their existing buying positions if the CCI level moves to 200, an extremely bullish position.

The daily BTC/USD chart above shows how the bullish trend becomes stronger when the CCI indicator moves above 100. Later on, the bullish trend extends for more than a month, and reverses when the CCI level reaches the extreme of 200.

In a range-bound market, a CCI indicator level of 100 is considered an overbought zone, while −100 indicates a solidly oversold zone. Therefore, traders should mark the top and bottom of a range and find the CCI level in that area to find their trading opportunities.

The above image shows how overbought and oversold indications work in a range-bound market. If traders can use CCI levels to take advantage of the major market trend, it’s more likely to result in profits.

The price of a trading instrument moves like a zigzag, with the formation of swing highs and swing lows. Indicators from the momentum class usually follow those swing levels, but in the case of a divergence, investors might find the price moving in one direction and the indicator in another. This is a strong sign of a price reversal, in which investors can easily open buy or sell trades using the CCI divergence.

The above intraday BTC/USDT chart shows the price making a new lower low, indicating bearish pressure. Meanwhile, the CCI indicator fails to create a new low and instead forms a higher low. As a result, the price moves up from that swing, indicating a trend change.

When using technical analysis, traders need broad knowledge about how some top-tiered indicators work in order to find the best one. The CCI indicator can be profitable for cryptocurrency trading, but this doesn’t mean that all traders should start using it right now. The ultimate goal is to build a good trading strategy — and in order to do that, basic knowledge of all top-tiered indicators is mandatory.

 indicator is the average price of up and down closes for a specific time, generally 14 days. This indicator is shown in a separate window and moves from 0 to 100, where a level above 70 is overbought, and below 30 is oversold.

Both the CCI and RSI are momentum oscillators, and they can produce bullish and bearish divergences which occur when new peaks and valleys in the price charts move in different directions from the indicators. These divergences show strong trend reversal signals in which the RSI is more reliable than the CCI indicator, due to its effectiveness and simplicity.

The stochastic oscillator is another indicator from the momentum class that compares the particular closing of a trading asset over a certain period. It’s a range-bound indicator that moves from 0 to 100. Any reading over 80 is considered overbought, and below 20 oversold The stochastic oscillator can signal reversals by forming a divergence with the price. The most prominent weakness of this indicator is that it can produce false reversal signals during a strong trend.

Both the CCI indicator and stochastic oscillator can generate bullish and bearish signals, with the CCI being more price-sensitive. Therefore, traders with two or more confirmations might obtain more reliable signals from the CCI indicator.

 is a momentum indicator that moves in vertical lines below and above the neutral (zero) line. It includes an exponential moving average (EMA) that tracks the most recent price changes. MACD is more complex than other momentum-based indicators, and can produce the most accurate regular divergences. Additionally, traders can anticipate the trend’s strength by looking at how MACD histograms emerge above or below the neutral line.

The above image shows the MACD histogram moving above the zero line while the CCI is above 100. As a result, the price feels a strong bullish pressure and moves up, creating a new higher high.

Best Commodity Channel Index Indicator Pairings

In technical analysis, using two or more indicators is the basic way to find a reliable price direction. Unfortunately, indicators lag to some degree, and are based on fixed calculations. Therefore, relying on a single indicator means looking at the chart from only one side. Successful traders combine two or more indicators, which lets them see the price from at least two different angles.

Fibonacci numbers and CCI indicators are both advanced trading tools that many expert traders include in their arsenals. The CCI indicator shows the overbought and oversold conditions, with a possible price reversal point. On the other hand, 

 can indicate the best suitable buying point for a crypto asset. Among different Fibonacci retracement numbers, 38.2%, 50.0% and 61.8% are most effective. 

In this trading method, investors join a trend after completing the initial swing. After making a new high, the price should come closer, with any bullish rejection from 38.2%, 50.0% or 61.8% considered a potential buying point. Meanwhile, the CCI indicator should remain in the oversold zone, working as an additional confirmation to the buying trade.

Let’s see how the Fibonacci retracement and CCI indicators can work together in the cryptocurrency market:

The above 4-hour intraday ADA/USD chart shows the existing bullish trend retracing lower to the 61.8% Fibonacci retracement level and forming a bullish reversal candlestick pattern. Meanwhile, the CCI indicator remains at the oversold level, pointing out a bullish reversal in the price.

On-balance volume (OBV) measures the accumulation and distribution phases of a trend using volume and price movements. If the current day’s closing price is above the previous one’s, the day’s volume is added to the OBV calculator. On the other hand, if the current closing price is below the last day’s closing price, the volume is deducted from the OBV.

Let’s look at how to buy a crypto asset combining CCI and OBV:

In the 4-hour ETH/USD intraday chart above, the price makes a new low, but OBV forms a new high, which is a strong sign of divergence. After that, a bullish reversal candlestick pattern forms while the CCI remains in the oversold zone. As a result, the price moves higher with an impulsive bullish pressure and initiates a bullish trend.

 is a trend-following indicator that moves with the price in the main window. It is represented as a series of dots below or above the price that works as a dynamic support or resistance level. This indicator is suitable for finding the most recent price reversal zones, which makes it effective for intraday trading. 

The CCI indicator and parabolic SAR work well for both scalping and day trading, where investors should match the market direction with the overall trend. In that case, another indicator, the dynamic 20 EMA, complements this strategy perfectly. If the price moves below the 20 EMA, the market direction will be bearish, and above the 20 EMA will be bullish.

Let’s see how to make a buy trade using both the CCI indicator and parabolic SAR:

The above image shows how the price and parabolic “dot” move above the dynamic 20 EMA. The buy trade is valid on the closing candle, where the dot appears above the EMA. Meanwhile, the CCI indicator is above 100, which is a sign of a strong trend. The bullish possibility is valid as long as the price remains above the most recent swing low.

The commodity channel index indicator is an effective technical tool for finding the overbought and oversold areas on a trading chart. Additionally, investors can use it to find bullish and bearish divergences where the current trend may lose momentum.

However, like other technical indicators, it has some drawbacks. It does a relatively poor job of finding the tops and bottoms of a trend. Therefore, the best approach is to use it as a significant trend continuation tool, where trading entries come after a minor correction. In addition, using the CCI indicator in conjunction with other analytical tools is recommended.

Commodity Channel Index: Applying CCI Indicator’s Momentum to Crypto

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