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

Trading

Strategies

Golden cross trading strategies have been circulating around for some time. But do you really know how it works? Read on the find out.

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Have you ever heard of golden cross trading strategies for the cryptocurrency market? If not, there’s good news for you — because in the following section, we will see the top five golden cross trading strategies that may make your trading life more fruitful. 

In golden cross strategies, a lower-valued moving average crosses over a higher valued moving average, indicating a strong momentum in the trend. Nevertheless, the challenging factor is to find where to enter the market based on golden cross strategies. 

After completing the Golden Cross trading guide, you will have a deep understanding of the Golden Cross strategies that you can apply to any crypto asset.

A golden cross happens when a short-term moving average crosses over a long-term moving average (MA) toward the upside. It is a solid, bullish price direction that works well with most crypto trading assets.

The original golden cross trading strategy has its origins in the stock market. The main components of the golden cross pattern include two moving averages:

The 200-day MA is regarded as being one of the most popular, while the 50-day MA is a leading moving average.

In the regard to the golden ross, the short-term moving average moves above the long-term moving average, pointing to bullish momentum in the price.

Conversely, the death cross happens when the short-term moving average crosses below the long-term moving average. It is simply the opposite of the golden cross. 

 of the trading asset. When the price is trading above the moving average, the buyers are stronger than the sellers. 

So, what does it mean if the price is trading above the 50 days MA? 

It means bulls have been controlling the market for the last 50 days. So, in this market condition, traders who focus on buy trades have a higher chance of making a profit. 

We’ve learned that the price above the moving average is a sign of bullish pressure. However, what if a short-term moving average crosses above the long term moving average?

In that case,it is a clear indication that both short-term and long-term traders are bullish, and after the crossover, short-term traders become more bullish than long-term traders. 

So, the golden cross indicates that the short-term traders are more substantial where long-term traders are also bullish. In this situation, what do you expect from a buy trade? 

There are three stages of a golden cross:

Trading is more practical than having only theoretical knowledge. If you want to get the maximum output from the golden cross, you need to make sure that you are using it perfectly. 

At first, you have to ensure that the crossover happens and a candle closes above the crossover. Later on, you’ll want to focus on building a trading strategy with an appropriate 

There are many trading strategies based on the golden cross, and you can make a decent profit from any of these. 

In the golden cross, the more effective moving average values are the 50 EMA and 200 SMA. Before proceeding to the trading strategy, let’s look at the key difference between SMA and EMA: 

The Simple Moving Average (SMA) focuses on the average price of the last number of candles, using the average value. On the other hand, the Exponential Moving Average (EMA) focuses on the most recent prices. Therefore, both EMA with a short-term value and SMA with a long-term value provide the most reliable price direction. 

Identifying the 50 EMA and 200 SMA crossovers is very simple. We can see the Bitcoin hourly chart in the image below, where the 200 SMA is represented by the orange color and 50 EMA by the light blue color.

Here, we can see how the price moves up with a strong bullish pressure as soon as the 50 EMA moves above the 200 SMA. 

Here is a step-by-step guide to trading the 50 & 200 EMA golden cross:

A Golden Cross with Double Bottom Pattern

Taking trades based solely on the crossover might not be suitable every time. So what if a golden cross happens, but the price moves downward? 

You might think this is a false crossover signal, but that’s not the case. 

If you don’t want to miss those trades, the golden cross with a double bottom pattern strategy is for you. 

Double bottom is an area where the price makes two equal lows. It indicates that sellers tried to take the price down, but bulls became active at this level to take the price higher.

Here is an example of a double bottom pattern.

Here is how to take trades based on golden cross with Double Bottom Pattern:

The double bottom pattern is confirmed once a candle closes above the highest point of this price structure. This also triggers our entry.

The stop loss is below the recent low, plus a buffer for extra protection, and the full profit was taken with a 1:2 risk/reward ratio.

We have seen how the price comes below the 50 EMA and forms the double bottom pattern. However, in strong trending markets, after the crossover, the price should not break below the 50 EMA.

In this case, we look for the price to find support at the 50-period EMA, which is going to stop the price from dropping further. 

You can take trades from the 50 EMA carry. 

If the bullish pressure is strong, the price might move along with the 50 EMA instead of moving below it. It is often tricky to know whether the 50 EMA will hold the price, or not. Still, if at least two bearish rejection candles appear at the 50 EMA level, we may consider it a carry.

We can see that the Bitcoin golden cross happens in the above chart, and the price becomes corrective immediately afterward. Instead of moving down below the 50 EMA, it starts to stall at the 50 EMA area. 

So, the 50 EMA carry happens when the price stays glued to the 50-period moving average. 

Let’s discuss the entry and exit strategy:

The above image is a perfect example of the 50 EMA carry trade. The trade was triggered at the first bullish candle that broke above the most recent swing high. 

Golden Cross Trading From the Event Level

When the golden cross happens in the market, we may expect the bullish pressure to extend as long as the price is trading above the SMA 200. 

Therefore, if you find any event level after the golden cross pattern, consider it a good buying point. 

Let’s explain what an event level is. 

, we have the standard support and resistance levels at which the price has the tendency to stop and reverse. However, some levels work as both support and resistance. This is what we call event levels. 

For example, when old support is broken and the price revisiting that area turns into a resistance level, that’s an event level. And vice versa: when old resistance becomes new support, we have an event level.

An event level requires bigger bullish/bearish pressure to be broken. Subsequently, it’s more reliable 

This is why the event level is the most important static level, or zone, that traders can watch for. Both buyers and sellers are active at this level, and any trade setups from this level provide high accuracy trades.

Here we can see how the event level formed, and how it worked as both support and resistance level. 

Now, let’s move to the trading strategy:

The BTCUSD chart above outlines a trade example based on the event level. In this example, the bullish entry provided a 1:3 risk/reward ratio.

All four trading strategies from the above section were trend-following strategies. In the financial market, there are both buyers and sellers at every price level. So, even if the price were to move higher after the golden cross, there is a possibility of bearish movement. 

There is a strong gravitational attraction between the price and the 50-periods exponential moving average. When the gap between the price and 50 EMA expands, they start to come closer. 

As a general rule, the bigger the gap between the price and the 50 EMA, the bigger the profit potential is.

In this strategy, we need a sharp movement after the golden cross, and the entry point is further validated by the 

 (MACD) can be used in many different ways; but the MACD divergence signals are the most accurate ones. The MACD divergence happens when the price moves in one direction and the indicator’s line is moving in the other direction.

Here we can see how MACD divergence forms and initiates a bearish movement. 

Let’s look at the process to take the sell trade based on the mean reversion strategy:

In the above chart example, we can see how the price moves lower after forming a divergence with the MACD. The gap between the price and the 50 EMA extends at the entry point. As a result, the price reverts back to its average.

The 5 Most Powerful Golden Cross Trading Strategies

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