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

Trading the bull flag pattern helps you to spot continuations in price and capture large price swings. But does it work in crypto? Learn more.

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Trading the bull flag pattern helps you spot continuations in price and capture large price swings with ease. Usually, it’s tough to enter into a fast-moving trade within a market, but it’s easier to time the market with the bull flag chart pattern.

In fact! Did you know the most explosive moves in any market (stock, forex, commodity, or cryptocurrency) are the result of price pattern breakouts such as flags?

The best traders in the world have many trading strategies in their arsenal. However, one of the most popular is the bull flag pattern, along with its counterpart, the bear flag. These patterns allow traders to participate in trending markets, understand price moves, and establish low-risk entries.

Whether you’re a beginner or experienced trader, here’s an overview of what this chart pattern is all about. Here’s what you’ll learn:

A bull flag is a technical pattern that provides an accurate entry to participate in a strong uptrend. Many professional traders use this continuation pattern to find the optimal place to trade with the trend.

It’s important to note that the bull flag pattern perfectly suits cryptocurrency market conditions because of the powerful trends from which savvy investors can benefit. Whether you intend to use this flag pattern for 

, it works very well. Flag patterns are beneficial for trading after a breakout or during a strong trending market.

In short, the main purpose of the bull flag pattern is to help you participate in the current momentum of the market. That means you can leverage the information it provides to determine entry levels where risk is low compared to the possible reward. From the visual perspective, this pattern has a previous strong movement to the upside (the pole) and then a consolidation that takes the form of a flag.

The following BTCUSD 15-minute chart is an excellent example indicating the main elements that create the bull flag pattern.

In essence, the bullish flag formation has three main features:

2. A downward sloping consolidation, aka the flag

3. The continuation following the break of the upper channel resistance

Identifying the bull flag formation in real-time provides an edge in the market, particularly for crypto traders. This is because it helps identify the areas where corrective action occurs before the previous trend continues.

First of all, however, we need to know the key features to look for when trading the bullish flag pattern. This chart pattern must include previous momentum, usually represented by consecutive bullish bars to the upside.

Later on, corrective action should take the form of consolidation. Usually, the price correction can be framed within a downtrend channel, pennants, triangles, or sideways action.

The third stage of the bull flag pattern is the break of the flag, which provides the ideal entry signal.

The bullish flag pattern’s initial profit target will be around the previous swing high, and the stop-loss order can be placed below the consolidation structure.

Additionally, the bull flag profit target can be established by measuring the distance in price between the flagpole’s base and the highest point of the flag. To pinpoint your exact profit target, you need to project the measured move to the upside starting from the breakout point.

The below BTCUSD 15-minute chart clarifies the details of this formation.

Finally, follow these steps to identify the bull flag pattern:

Identify directional movement to the upside. Usually, this momentum can be framed under consecutive bars to the upside, with very few retracements bars.

Wait for corrective action. Usually, this correction can be framed under a downtrend channel, where a structure like a lower low can be presented.

Define the breakout level to enter the order. More details about the trading execution are presented in the next section.

At first glance, flag chart patterns look almost identical to pennant patterns. They are both continuation patterns that form whenever there’s a sharp price movement, followed by a sideways price movement. Usually, they only last around one to three weeks. But despite the similarities, there are indeed some differences. 

. It’s normally characterized by converging trend lines, which occur when successive highs and lows form a trading range. With the steep move up or down, it’s consolidated in the pennant form, with descending resistance and rising support. Generally, you would want to use pennants in conjunction with other 

 to serve as confirmation. A good practice is to use the 

(RSI) indicator to moderate during the consolidation phase and reach oversold levels.

A flag pattern forms when a steep rise (or fall) is first followed by trading in a narrow price range, then by a steep rise (or fall). Typically, a flag helps to make sure the candle closes above the 

To succeed in trading with flags or pennant chart patterns, it’s wise to always use volume as a guide to deciding on your entry and exit points of a target price. That’s because it’ll help you to confirm the breakouts and to speculate on the momentum after it.

Ultimately, the patterns may or may not be defined at a particular time. However, as long as you’re patient, they will form at the right time.

Now that we know how to identify the bull flag pattern, it’s important to define specific criteria to understand how to trade it.

After the flag pattern has been identified, the entry should be located where the downtrend channel (the structure that frames the flag) fails to keep its downward momentum.

The long entry must be placed at the break of the flag, while the stop-loss order (risk) should ideally be placed below the consolidation flag. The first target should be around the previous swing high. If the trend is strong enough, the movement will continue.

Of course, trade management varies. It mainly depends on the style of each trader. Still, one good strategy is to close a part of the position around the previous swing high. Then, trail the stop-loss order based on a 

 provides a detailed, step-by-step guide to identify a bull flag and trade it effectively.

First of all, the prevailing trend must have strong bullish momentum, as mentioned above. This momentum is usually framed under consecutive bullish bars to the upside, with very few corrective actions.

The directional movement is strong in the image below, and there are only a few small retracements. 

Secondly, we must wait for the consolidation. In this case, after a lower high is made, a line for a downtrend channel can be drawn, and we can be ready for the break of the flag if it occurs.

When the flag is broken by the price, the long entry is triggered. At the same time, the stop loss would be placed at the opposite side of the flag pattern. The red area represents the risk (the amount of money that we may lose), and the green area represents the potential reward.

After the entry is triggered, it’s time to wait and see what happens. In this example, the price goes straight to the previous swing high. 

Trade management should be done based on the trader’s risk profile. The fastest way to cash in some profits is to close only a portion of the position around the target area and let the rest of the position run. 

Alternatively, you can close the entire position all at once by projecting the flagpole price range to the upside. For this particular example, the price keeps going, making new highs. 

Bear in mind that many bull flag trading strategies are based on different price formations and shapes of the flag. The period of consolidation that forms the flag can take the following shapes:

The anatomy of a breakout consists of three stages:

 (flag price structure) should be well-defined within two down-sloping parallel trend lines.

, a genuine breakout, occurs when the price spikes through the upper resistance line. The key element is that the breakout needs to be accompanied by heavy volume.

, in which a breakout is confirmed by the price closing above the upper resistance line, along with sustained follow-through buying above the flag.

The consolidation that makes up the flag tends to have well-defined support and resistance levels. While the consolidation shows equilibrium between the forces of supply and demand, it can also be seen as the calm before the storm.

Because the prevailing trend is upward, there’s a higher probability of trend continuation and, subsequently, an upward breakout. Usually, investors who have accumulated and bought into the cryptocurrency during the initial rally still hold their bags. Then, during the consolidation phase, investors who have missed the initial drive-up will try to get their hands on the cryptocurrency as well.

The excessive buying interest will eventually cause an imbalance between supply and demand forces and drive the price higher.

In conclusion, it’s important to understand that most trends are the result of a breakout.

The difference between a bullish and a bearish flag is in the direction of the price movement. With the bullish flag, the idea is to participate in a strong uptrend. Meanwhile, with the bearish flag pattern, the idea is to trade short in the direction of the prevailing downtrend.

Cryptocurrency provides the opportunity to find both bullish and bearish flags. This is because it’s a market with high volatility (directional movements), where opportunities to trade long or short are presented almost daily, depending on the execution time frame.

In general terms, the trading concepts for a bullish flag listed in this guide can be applied to the bearish flag as well.

To better understand how to identify a bearish flag pattern and trade the continuation move, we’ll outline a trade example.

, the price is trading sideways between the support of $1,685 and the resistance of $1,720 (the two areas are highlighted in light blue). Notice how the price breaks the support to the downside. At this point, there are only two possible outcomes:

1. A continuation of the breakdown, in which the immediate downtrend continues.

2. A failed breakout that reverses the prices back to the previous range.

Therefore, if we want to play the continuation for the breakout, we should wait for some corrective action (the flag) to participate in the downtrend.

The bearish flag pattern offers low-risk entry points if you enter on the breakout of the flag formation. We’ll use the same entry concepts that are applied to the bullish flag pattern.

In the next chart, we can see that the price makes a higher low, a point from which we can draw the flag. If the higher low is unable to hold, the ideal entry will be below that price structure.

The entry-level and stop-loss level is illustrated in the next chart.

At the next stage, the price eventually breaks below the flag and triggers the short entry.

The previous swing low is essential if we want to define the strength of the sellers — or, in other words, the strength of the downtrend. If the price is unable to break it, the downtrend might not have enough momentum. In this case, we may have to tighten our 

Effectively, after the price breaks the swing low, the downtrend continues to the next level of support (blue line).

This example illustrates the dynamic of how to spot and trade a bearish flag. It also clarifies the similarities with the bull flag pattern, which has the same core properties. The only difference between the bull flag and the bear flag is in the direction of the prevailing trend.

In general, flag patterns and pennants are reliable. The bull flag has been proven to work and is used by profitable traders around the world. Of course, trading is full of uncertainties. Still, these indicators and chart patterns offer traders certain confidence. However, they come with a set of pros and cons — and bull or bear flags are no exception.

• A bull flag breakout provides a well-defined price level to enter a long trade. It establishes a clear place for the stop-loss order, thereby providing the right support for proper trade management.

• Usually, this pattern provides asymmetrical risk-to-reward scenarios in which the potential profit (target) is larger than the risk. In other words, it’s a pattern that offers the basis for a good risk management system.

• The bull flag pattern is a simple formation to use in a trending market. The steps to identify the pattern are clear-cut.

The main risk of the bull flag pattern is the potential for 

. Some people may experience negative results executing this pattern because the context is not framed under a trending environment but, rather, a sideways market.

To minimize the risks and increase the chance of success, spend your time studying several bull flag charts so that you can get used to its action. This way, when it’s time to execute the pattern, it will come more naturally.

What Is A Bull Flag Pattern (Bullish) & How to Trade With It

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