Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. 

The S&P 500 futures fall 1.5% amid US-China trade concerns and Fed warning; over 100 companies will report earnings this week. Gold hit a record ~$3,375, up 1.43%, on safe-haven demand amid tariff and geopolitical worries. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, rose 1.80% in the past 24 hours, while Bitcoin and Ether gained 2.70% and 3.41%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is STX, up 9.4%, following the announcement of Stacks gaining institutional support with major exchange listings and custodian backing.

Stacks (STX), founded in 2013, is a cryptocurrency project that enhances the Bitcoin blockchain by enabling decentralized apps (DApps) and smart contracts without altering Bitcoin's features. It operates as a Bitcoin Layer 2 (L2) blockchain, ensuring security through Bitcoin while allowing developers to build modular applications on top of the network. 

 with its listing on top 15 exchanges, the launch of the Grayscale STX Trust, and support from top-tier custodians like BitGo, Copper, and Figment.

Check out the latest prices, charts, and data of 

Canary Capital has filed with the SEC to launch a U.S. Tron (TRX) ETF that would include staking benefits, allowing investors to earn extra yield. This proposal is part of a broader trend, with Canary also seeking approval for ETFs based on assets like XRP, Solana, and Sui. The fund would aim to provide exposure to Tron’s price, but the SEC has yet to approve staking in crypto ETFs. This move follows the success of Bitcoin and Ethereum ETFs, which have attracted significant institutional interest.

During the week of April 14–18, 2025, U.S. Bitcoin spot ETFs recorded a modest net inflow of $13.7 million, entirely from non-GBTC products, as GBTC saw no activity. Since inception, total net inflows have reached $35.5 billion, with non-GBTC ETFs contributing $58.3 billion and GBTC experiencing $22.8 billion in outflows.

Orochi Network airdrop participants can now 

 their earned $ON tokens on the Monad Testnet to increase their Bonus Level and earn rewards faster. A minimum of 50 ON is required for the first claim, and subsequent claims have no minimum. New users can still join by signing up and starting the Prover. Daily check-ins open at 6 AM UTC and fill up quickly.

Beginner

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

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

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

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

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

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

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

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

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

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

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

Steps for buying USDC via the standard P2P option

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

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

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

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

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

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

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

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

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

 function to buy the stablecoin as follows:

Steps to for buying USDC via Bybit Convert

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

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

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

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

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

USDC offers various investment opportunities on Bybit and beyond.

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

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

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A complete guide on how to buy USDC on Bybit

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

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

Weekly highlight — Trump wants to fire Powell? 

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

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

Weekly crypto highlight — XRP ETF coming

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

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

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

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

Daily top performer — Pyth Network (PYTH)

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

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

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

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

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

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

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

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

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

Investing

Staking

Want close to 20% yield for staking stablecoins? Read on as we cover everything you need to know about Anchor Protocol and ANC tokens.

As with any type of investment portfolio, diversification is essential if you want your crypto portfolio to be balanced. By making sure that your portfolio is properly balanced and diversified, you’ll be able to protect against any unforeseen losses. If your current crypto portfolio is focused almost entirely on risky investments, one sharp decline in a single investment could lead to widespread losses if your other investments have yet to pan out.

On the other hand, having safe and steady investments in your crypto portfolio allows you to accrue consistent income that can mitigate any losses on riskier investments. With a diverse portfolio, it will also be easier for you to make gains in both bull and bear markets.

Even when the market is in a downturn and performing poorly, a diverse portfolio will provide you with at least small gains while you wait for the market to improve. This article takes a look at Anchor Protocol, Anchor crypto and why it’s the ideal staking protocol if you want to obtain safe yields.

Anchor Protocol is a popular savings protocol that’s based around the Terra blockchain. The Anchor Protocol coin (ANC) provides users with low-volatility yields of just under 20% when taking the Anchor Rate into account.

 and initially launched in March 2021. It was created in part to boost the overall demand for UST. Keep in mind that UST is the USD-pegged stablecoin from Terra. When the Anchor Protocol coin was first introduced, deposits could only be made in UST. However,

 was soon launched with the assistance of 

Users are now able to deposit various stablecoins based on Ethereum, which include BUSD, USDC, Dai and USDT. Yields for UST typically range from 19.5–20.5%, and revolve around the Anchor Rate, which is maintained by the platform. If you deposit other stablecoins, your yields would be around 16.5%. Even though these yields are high, they’re consistent, which makes this a great investment if you need to diversify your crypto portfolio. Once you place your money into Anchor Protocol, you’ll be able to borrow and lend your assets while earning interest on any of the currency you’ve deposited. This ultimately opens up possibilities for even higher yield as you explore various liquidity pool options. Curious about exploring this staking opportunity? Read on as we cover the fundamentals of how Anchor Protocol works.

Anchor Protocol runs on three primary mechanisms, which include loan liquidation, bonded asset (bAsset), and money market. A bAsset is a tokenized stake that’s situated on a 

 (PoS) blockchain. If you have a bAsset token, it effectively displays ownership of a PoS asset. Just like the underlying asset that you’ve staked, holding a bAsset will give you access to block rewards.

The main difference between a bAsset and a staked asset is that the bonded asset is fungible and transportable. What this means is that transactions can be completed with the bAsset in the same way that you would use the underlying asset to perform transactions.

Keep in mind that it’s possible for bAssets to be made on any PoS blockchain that’s equipped to handle smart contracts. In the time that Anchor Protocol has existed, bAssets have proven to be a key component of the platform because of how they are able to deliver consistent interest rates to any Terra deposits.

The money market that exists within Terra is a 

 smart contract that’s present on the Terra blockchain. This market facilitates borrowing and depositing of Terra stablecoins. As mentioned previously, the Terra stablecoin is UST. It’s important to understand that the money market acts as the foundation for the Anchor Protocol. Terra deposits are brought together to form a pool, which generates interest from any loans.

If you want to borrow from this pool, you’ll be tasked with using some of your digital assets as a form of collateral. The interest rate that’s generated from the pool of Terra deposits is calculated based on the current demand and supply from borrowers. You can determine what this rate is by looking at the current utilization ratio for the pool.

It’s possible for someone to take out a loan via the Terra money market by securing the right amount of collateral that can be provided in return for the loan. The interest rates for the depositor and borrower are based on an algorithm that’s maintained by Anchor Protocol. With this algorithm, interest rates for a loan are generated based on the current availability and borrowing demand.

Anchor Protocol has an interest rate objective that’s known as the Anchor Rate. In order for the desired Anchor Rate objective to be reached, the smart contract will intuitively divide the block rewards from the bAssets that are serving as collateral. These rewards are divided between the depositor and the borrower.

Rewards are liquidated into UST, which provides depositors with the ability to obtain deposit yields that reach as high as 20%. Keep in mind that the two bAssets that are currently recognized by Anchor Protocol include bETH and bLUNA. These assets are liquid, and can be used to borrow UST.

Is Anchor Protocol Sustainable at Such High Yields?

With a yield that’s as high as 20%, many potential users wonder about the sustainability of Anchor Protocol. While these yields are high and practically unheard of even with stablecoins, the yields are possible because of how Anchor Terra is structured. The Anchor Protocol coin is feasible because of its ability to accept bAssets as a form of collateral.

Since users who hold bAssets will obtain a constant yield via staking, the protocol itself receives a nearly constant stream of income, which incentivizes the use of this protocol. Along with the staking return that’s generated from any deposited bAssets, Anchor also obtains income from all of the interest that a user will be tasked with paying when they take out a loan. Since Anchor is able to bring in two income streams at the same time, the protocol can maintain its 20% yields, which are paid to UST depositors.

In the long run, however, there is a potential downfall to Anchor Protocol. Whenever the money market is deficient and is unable to make enough payouts during the year, Terra must take money from its own yield reserve. At current Anchor rates, Anchor Protocol is expected to have a deficiency of just under $9 million per year.

While the yield reserve grew temporarily in November 2021 because of an increase in staking earnings, it isn’t expected to grow for long. Since November, the deposits have continued to exceed earnings, which means that the yield reserve is being pulled from on a near-continual basis. The Terra yield reserve is currently at around $35 million, which has been cut in half since early December.

Keep this issue in mind before you invest in Anchor crypto. Even though there are steps that Terra could take to resolve this problem, it’s possible that your yield would decrease. Even though a small decrease in yield can be navigated in most situations, this drop could be the difference between making gains for the year or reporting losses.

While Anchor Protocol provides consistent yields of 20% that you can depend on because of the Anchor Rate, it begs the question – is Anchor Protocol safe? Overall, there are still some risks for you to be aware of even if you’ve been involved with the Terra ecosystem for a long time. These risks include everything from UST de-pegging to a potential crash in yields. While some of the following risks are unlikely to occur, it’s important to take into account their possibility so you’re aware of the risk you’re undertaking as an Anchor Protocol investor.

Because the value of UST is determined based on an algorithm — and is backed solely by the value of LUNA — it’s possible for the conversion ratio to differ from 1:1 in particularly volatile markets, which may make your Anchor crypto investment less stable than it should be. In order for UST to return to $1, LUNA will need to be burned for UST, which means that fewer LUNA will be available for selling.

Even though UST has remained relatively stable, it’s only been around since late 2020, which means that it hasn’t been tested extensively during volatile market conditions. During its brief existence within the Terra ecosystem, UST has encountered two notable drops in value, the worst of which occurred in December 2020 when it lost around 15% of its value before it recovered.

Even though the Terra ecosystem currently seems strong, there’s always a possibility that UST could drop in value and never recover. Another USD-pegged coin known as IRON saw its value drop to zero in 2021, even though it was officially backed by USDC. Although UST could potentially crash, the value of IRON dropped because the only use for this coin was yield farming. In comparison, UST is spread throughout the entire Terra ecosystem and is part of 

The main risk with decentralized finance involves human error, which could lead to successful attempts at hacking the platform. If Anchor Terra were hacked, the protocol and users could be at risk. Anchor Terra strives to mitigate this risk by performing regular security audits and by putting out an effective Bug Bounty Program.

The Bug Bounty program provides hackers who act in good faith with the ability to test Anchor Protocol for the purpose of detecting bugs. The broader Terra ecosystem offers anywhere from $500–$150,000 whenever a bug is discovered and reported, which incentivizes hackers to continue acting in good faith.

As for the security audits that occur with Anchor crypto, Terra has hired two audit companies to make sure that the protocol remains safe for all users. These companies perform audits on a regular basis to detect any security issues that might exist.

While Anchor crypto and the Terra ecosystem as a whole are strong platforms that make for sound investments, you can’t completely eliminate the possibility of a crash in yields. When an imbalance in borrowers and lenders occurs, the yields can fluctuate and put the entire system at risk.

In the event that the crypto market drops substantially in a short period of time, the individuals who have borrowed money from Anchor Terra are possibly at risk of losing all of their collateral. When the loans are liquidated, borrowers won’t be paying interest to the depositors, which places a considerable amount of pressure on the interest rate.

As mentioned previously, there’s always the possibility that the yield reserve could be depleted, which means that the 20% Anchor Rate couldn’t be paid to those who’ve deposited their assets. If this reserve ever runs out and isn’t subsidized by the Terra ecosystem, problems would likely occur immediately. Because yield reserves could be depleted, it’s important that you always keep an eye on the Anchor Protocol coin and its value.

Before you start worrying too much about your Anchor crypto investment, it’s important to understand that there are several things Terra can do to fix this issue. For one, Terra could inject money into the yield reserve, which they already did once in 2021. While this injection would eventually run out, it would allow depositors to continue receiving the 20% interest rate that they’re owed from investing in Anchor Terra. However, UST is currently worth well over $10 billion, which means that it’s unlikely that another injection by Terra will occur anytime soon.

Another solution that’s much more likely to occur is for Anchor Terra to reduce the yields that depositors receive from staking their assets on the platform. Even though the yield reserve has dropped quickly over the past few months, reducing the yield rate to 15–16% would likely allow expenses and income to break even. Since the average yield for a stablecoin is between 10–12%, a 15–16% yield with Anchor crypto would still be higher than most alternatives.

Now that you know about the risks that exist with Anchor crypto, it’s important to understand that you can mitigate these risks by purchasing Anchor Terra insurance plans. Crypto insurance has become increasingly sought after in these volatile times. Thus, Anchor Terra has partnered with third-party insurance providers who offer plans for the purpose of reducing the risks of de-pegging and smart contracts. Insurance can be purchased by effectively lowering your annual yields.

Even though the premium price for an insurance plan differs with each insurer, the average price is around 7.3% per year. Keep in mind that the insurer determines how much they pay out in the event that you file a claim, which means that there’s a risk the payout could be lower than you’d like. However, these insurance plans are a great way to lessen the amount of risk you take on when you invest in Anchor crypto, diminishing risks of fears of depegging and DeFi hacking.

If you’ve decided that you would like to invest in Anchor Protocol, there are some basic guidelines to be aware of. First, you’ll need to purchase LUNA currency, which can be done on Bybit by seeking out the 

. Once you’ve purchased the amount of LUNA that you would like to invest in the Anchor Protocol coin, you’ll then need to withdraw LUNA and send it to your Terra Station wallet, which is fairly straightforward.

From here, you’ll want to connect your wallet to the Anchor Protocol app, after which you’ll have the opportunity to deposit your LUNA assets to start earning yield. Because Anchor Protocol provides you with a safe yield, you won’t need to manage your investment once it’s been made. If you have yet to diversify your investment portfolio, the Anchor Protocol coin should help you provide your portfolio with a solid foundation that allows you to make crypto gains even when other investments aren’t performing as well.

Investing in Anchor Protocol coin is currently a great way to diversify your portfolio if you’re part of the Terra ecosystem. Because the Anchor Rate for this protocol is high, you can be confident that you’ll be provided with consistent returns. However, there are also some risks that you’ll need to take into account before investing in Anchor crypto. With the potential crash in yields, as well as the ever-present DeFi hacking risk, any investment you make in the Anchor protocol coin must be well-researched and monitored accordingly.

Is Anchor Protocol the Best Defi Staking Protocol for Safe Yields?

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