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

Triangle patterns are essential to help traders identify if the crypto market is bullish or bearish. Here's all you need to know...

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Trading requires patience and passion for learning different techniques. Of course, it involves the inevitable trial-and-error phase plus the disappointments along the way. The idea is not to give up and keep refining the ideal strategies that work perfectly for you. So, to formulate a perfect trading plan, understanding the chart formations and 

 is crucial. Ultimately, to help traders speed up the path towards ultimate success. Above all, knowing the triangle patterns and formations does more good than harm.

Not only it gives traders a more holistic picture of the full risk and potential reward in a trade, but it’s also useful to develop breakout or anticipation strategies, especially when you’re 

 in crypto, forex, or stocks. Besides, often, these patterns provide low volatility entries compared to other chart patterns.

Triangle patterns refer to chart formations comprised of multiple candlesticks enclosed within two converging support and resistance lines. The two converging lines depict the shape of a triangle. These patterns are important because it’s helpful to indicate the continuation of a bullish or bearish market. 

Plus, triangle patterns have a high probability of success, especially as a continuation pattern of the existing primary trend. Hence it’s useful for traders to benefit from the trendline along with a converging price range. 

as they provide a very objective way to test a market direction and potential breakout without allowing a high stop-loss potential. Triangles provide a sharp entry point near the breakout levels and, many a time, give vital clues through low volumes ahead of a breakout.

In technical analysis, we can distinguish three types of triangle patterns:

Ascending triangles can be defined as price action formations where we have a horizontal top and an up-sloping bottom. A breakout can be either on the upside through the horizontal resistance or on the downside piercing the rising slope.

So, when you connect minor-highs using a horizontal trend line and use a rising line to connect the minor lows, you will get an 

. The ascending triangle patterns usually form after one to two months. It is calculated mostly from the start of the pattern to the breakout and not until the apex.

The volume goes down as the price oscillates between the 

 several times. The pattern is valid only if the price forms two distinct minor highs before any breakout. The trendline meeting happens at the triangle’s apex, but prices can break out long before that.

The price action must fill the body inside the trendline before moving outside the boundaries; prices shouldn’t move along just one of the trendlines.

During the initial stages of the formation, the volume action will be heavy. Still, as the price action confines within the boundaries, the volume subsides and might even be abnormally low just before the breakout (which happens on heavy liquidity.) The volume action given here is an ideal formation, but variations are not uncommon. Particularly, upside breakouts should be followed by heavy volume. But for the downside breakout, low volume action performs better.

On the contrary, the ascending triangle pattern is prone to false breakouts; even the volume action is similar to a genuine momentum. A false breakout will re-enter the formation’s body and most probably will restart the move within a few days. The pattern is usually a 

After a successful breakout, prices move away. But could re-test areas near the breakout point before gaining momentum. It is essential to watch out for the significant trend’s resistance or support zone before trading on this pattern. As an opposing price cluster against the pattern breakout’s direction decreases the chances of a successful trade.

Also, be wary of a conflict with the broad market direction – it is another performance killer.

For upward breakout – it is better to concentrate on patterns with prices near the yearly highs or lows and avoid those forming near the middle of the annual trading range. There is no particular difference in performance regarding the pattern formation in the case of downward breakouts.

It is better to have a gap during the downside breakout, while on the upside breakouts, it is immaterial.

How Did the Ascending Triangle Breakout Happen?

Most of the ascending triangle breakout happens near 62% distance from the start of the formation to the apex.

Another critical aspect to note is that upward breakouts take more time to reach their target than downward breakouts.

The pattern’s height directly impacts the ultimate results. Usually, they perform better than short ones in all market directions and conditions. If the breakout is in the direction of the prior trend, then tall and wide patterns perform best, while counter-trend breakouts perform best with tall and narrow patterns.

Descending triangles represent a bearish pattern in which the price formation should consist of a flat support line and a falling top; breakouts can be upward or downward. While a downside breakout during a bear market can result in substantial gains.

In this pattern, the prices tend to keep falling to the same area and bounce back each time, but the bounce’s height is lower than the preceding price. Volume usually follows a receding trend from the start of the formation, but it is not a critical benchmark. The volume will mostly be relatively low just before the breakout and then explodes during the subsequent action.

As discussed during the ascending triangles, you should not ignore a breakout just because of the volume action. Many successful breakouts happen on low volumes too.

Similar to ascending triangles, the breakout could also happen ahead of the support and resistance lines’ meeting point. The formation body should have at least two minor lows- touching the horizontal support line. The moves touching the bottom line should be distinct, and you should count the touches in the same consolidation together.

How Did the Descending Triangle Breakout Happen?

The breakout can be in any direction, irrespective of the primary trend: Descending triangles might be a reversal pattern or a continuation pattern. There is a chance of no breakout after the formation, and prices continue to roll near the triangle apex.

The formation usually results in more downside breakouts than one in the upside. However, as discussed earlier, an upside breakout confirming the prior trend performs much better than the downside action.

 that more than 84% of all upside breakouts in a bull market completes the target price journey.

The price might return to the breakout point, usually within two weeks, and will restart the momentum soon, most of the time. As for the earlier horizontal support, it acts as a resistance and the slope as a support if the price retraces after a breakout.

Key Considerations of A Descending Triangle 

What considers a correct descending pattern is when there are more than two distinct minor high-low moves for a good pattern. Without enough crisscross movements during the pattern formation, the descending triangle will not be valid.

It is more fruitful to focus on the upward breakout in this pattern, as they result in more than a 45% rise in a bull market and 25% upside even in a bear market. When successfully reversed in a bull market, even a failed downward breakout results in a more than 50% jump in prices.

Generally, the number of days to achieve the target in an upside breakout is much higher than downward action.

Symmetrical triangles are price formations where both support and resistance lines are sloping and converging towards one another. The resistance line falls downwards from the top while the support line rises upward from the bottom.

Like the rest of the triangle patterns, it is critical to have at least two minor highs and lows. It would be best if you counted only the distinct touches to check the pattern validity. The price action should fill the space between the two sloping lines, and there shouldn’t be many blank spaces within the body.

The volume usually recedes during the formation. However, it can also be irregular at times. The volume touches the nadir just before the breakout.

. The breakout direction can be either on the upside or downside. The formation can sometimes result in no breakout, resulting in lackluster moves.

An exciting add-on to this pattern is that a busted pattern gives a better result than the original breakout trade. That, if a triangle breaks out, but fails to move more than 5% and then comes back, and pierce through the other side of the symmetrical triangle, the new trade, which is the complete opposite to the original breakout direction, might result in a much more fruitful result. Also, a reversal like this can give exciting returns if the move happens in the primary trend direction.

Symmetrical triangles provide the best returns when traded in the direction of the existing trend in the broad market: trade upward breakouts in a bull market and downward breakouts in a bear market. Nevertheless, even in a bear market, the upward breakout can give 15% gainers with low failure rates.

Typically, traders prefer to do range trading using the formation’s body and stay out when the area narrows near the apex.

How to Crypto Trade with Triangle Patterns?

Cryptocurrencies like Bitcoin are often in the news for their volatile behavior, rising and falling fast. Even a 10x move in less than a year is not very surprising in the crypto world. Triangles can often give an advance indication of an explosive move. Let’s check a recent symmetrical triangle formed on the BTC/USD price chart.

The daily candles resulted in a symmetrical triangle in December, and a breakout after that took Bitcoin above $40k within a few weeks. The breakout exemplified the power of triangles to help you catch big moves at the right time.

The formation indicated a high chance of success on the upside as the primary trend has been bullish.

Now, we are in a strong bull market in the crypto space. A lot many opportunities, like the above in Bitcoin, can happen. It is the right time to learn and use triangle patterns to benefit from huge moves.

As you have seen earlier, the triangle formations are valid only if the price moves back and forth between the two trend lines multiple times. There shouldn’t be many blank spaces in the price formation, meaning the price shouldn’t meander along, touching one of the boundaries all the time before a breakout. A minimum of two distinct minor highs and minor lows must be present in the price formation.

The Key Considerations When Trading With Triangle Patterns

It is essential to understand those false breakouts are common in the Triangle Patterns and be mentally prepared for that. Other patterns like the Wedge or Flag look similar; you should be able to distinguish between them.

Make sure the pattern touches the border lines at least two different times before a breakout.

Just ahead of a breakout, usually, the volume dries up. Understand the volume behavior in the patterns and be alert if you find unusual developments.

How do Triangle Patterns help in Position Sizing & Risk Management?

Triangle expected minimum move after a breakout is equivalent to the formation’s height at the triangle’s start. Suppose the breakout fails to sustain and falls beyond the triangle’s other boundary, exit immediately with a loss. A busted pattern can also provide you with a critical profit opportunity if you join the movement in the opposite direction of the initial trade.

False breakouts are common in triangles, and hence cutting a position only because it re-enters the triangle body will result in missed opportunities and unnecessary loss booking. Often, the second breakout will be far more successful after a failed first breakout.

You shouldn’t risk more than 2% of your account value when entering a triangle breakout. Your stop-loss value will be almost equivalent to the breadth of the pattern at the time of breakout. A successful move or opposite side entry in a busted breakout can give a return much higher than your initial planned loss.

Triangle’s real value is its ability to minimize your risks and maximize profits in crucial junctures by providing a precise term of reference for your action.

Calculate your stop-loss and determine how many units of cryptocurrencies you can take in a single position on a 2% of account value as the maximum loss limit for a single trade. Always take a position size below that limit.

By studying triangle formations, you have grabbed an essential tool for your successful trading journey. Practice every day to successfully identify these patterns and test them in a demo account before employing real money.

What Are Triangle Patterns & Formations for Crypto Trading?

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