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

2.png

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.

how to buy usdc.png

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.

Advanced

21 Apr 2025 weekly newsletter.png

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.

1.png

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

Trading

A trailing stop order is a conditional order that uses a trailing amount set away from the current market price to determine the trigger for submitting a market order.

Trailing_Stop_Loss.png

When trading the financial markets, a trailing stop order is an advanced variation of the traditional 

 order. Unlike a fixed and specific stop-loss, a trailing stop order utilizes a trailing amount to determine when to submit a market order.

In this article, we’ll delve into the concept of trailing stop orders, explore how to use a percentage as a trailing amount, discuss the reasons for using a trailing stop loss, examine their pros and cons and compare trailing stop-loss orders to trailing stop limit orders.

A trailing stop order is a conditional order that uses a trailing amount set away from the current market price, instead of a specific fixed stop-loss price, to determine the trigger for submitting a market order.

Therefore, it’s an advanced variation of the regular stop-loss order. While a stop-loss order sets a fixed stop-loss price at which a market order will be submitted to close a position and limit potential losses, a trailing stop order adjusts dynamically with the market price.

When you place a trailing stop order, you set a specific percentage or dollar amount below the current market price for a long position, or above the market price for a short position. As the market price moves in your favor, the trailing stop-loss order moves accordingly, maintaining a set distance from the highest price reached. If the market reverses and the price reaches the trailing stop, the trailing stop-loss order is triggered, and your position is closed.

Trailing stop orders provide traders with flexibility and the potential to secure higher profits in trending markets. As the market moves in your favor, trailing stops act as a protective mechanism, allowing you to stay in the trade and capture more significant price movements. It helps to automate the exit strategy, removing the need for constant manual adjustments to stop-loss levels.

How to Use Percentage as a Trailing Amount

Using a percentage as the trailing amount in a trailing stop allows a trader to adapt their exit strategy to the specific market conditions and volatility of the asset being traded. When setting a trailing stop with a percentage, you specify the ratio by which the market price can retrace before triggering the stop loss.

For example, if you enter a hypothetical long position on Bitcoin at $50,000 and set a trailing stop loss at 5%, the trailing stop will move up as the price increases. If the price reaches $60,000, the trailing stop amount would be set at $57,000 (5% below the peak price). If the price drops and reaches $57,000, the trailing stop is triggered, placing a sell order into the market, and your position is closed.

Using a percentage as the trailing amount allows traders to maintain a dynamic approach to their exit strategy. By adjusting the percentage based on the asset's volatility and market conditions, traders can optimize their risk management and maximize potential profits.

Trailing stop orders offer several advantages, making them an essential part of a trader's toolkit.

 is crucial in trading, and trailing stop-loss orders play a vital role in this regard. By setting a trailing stop at a predetermined percentage or dollar amount, traders can control potential risks. If the market turns against them, the trailing stop loss will be triggered, limiting potential losses. This feature helps traders protect their capital and manage risk in volatile markets.

One of the primary benefits of trailing stop-loss orders is their ability to protect profits. By automatically adjusting the stop price as the current market price moves in your favor, trailing stops allow you to lock in gains and secure a portion of your profits when the market eventually moves against you. This feature is handy in trending markets, where prices can experience significant fluctuations.

Trailing stop orders enable traders to stay in winning trades for longer periods, helping them to capture a bigger portion of strong trends. Instead of closing a position too early, trailing stops provide the flexibility to ride the trend and potentially maximize returns. This feature is especially valuable in markets that tend to stay on trend for a long time.

Trailing stop orders eliminate the need for constant manual adjustments to stop-loss levels, reducing the impact of emotional decision-making. Once a trailing stop order is set, it automatically adjusts with the market, removing the temptation to make impulsive trading decisions based on short-term market fluctuations. This automated approach allows traders to stick to their predetermined trading plan and avoid emotional biases.

There are times when using this specialized order makes sense, and others when there’s little to be gained from using it. Following are a few scenarios in which trailing stops can be particularly advantageous.

: Trailing stops are ideal for capturing the potential of strong trends. When a market is experiencing a prolonged uptrend or downtrend, a trailing stop loss allows you to stay in the trade as long as the trend persists, protecting your profits along the way.

: In volatile markets, prices can fluctuate rapidly. Trailing stops help manage risk by adjusting dynamically with the market price. They can provide a buffer against sudden price reversals, allowing you to secure profits while giving your position room to breathe.

: If you’ve accumulated significant profits in a trade, a trailing stop can help protect those gains. As the market moves in your favor, the stop price increases, ensuring that you exit the trade with a substantial portion of your profits intact in case the price reverses.

: Trailing stops eliminate the need for constant monitoring and manual adjustments of stop-loss levels. This feature is particularly valuable for traders who have limited time, or who prefer a more hands-off approach to managing their positions.

Typically, trailing stop orders are best utilized when you plan to hold onto trades for multiple days or longer. Trailing stop loss orders can be used on shorter time frames and intraday trades, but day traders tend to find them less effective. This is because the trends on day trading are quite small, thereby making a straight take-profit and stop-loss level more effective.

Like any trading tool, trailing stop-loss orders have both advantages and limitations. Let's explore the pros and cons of using them.

: A trailing stop loss allows you to protect profits by automatically adjusting the stop loss as the market moves in your favor. This feature helps lock in gains and mitigate the risk of losing potential profits.

 A trailing stop-loss order provides flexibility in managing your trades. It allows you to participate in the upside potential of a trend, and it also will limit losses on price reversals.

: By setting a trailing stop loss, you can limit losses if the market turns against your position. This risk management feature helps you protect your capital and maintain discipline in your trading strategy.

: A trailing stop loss helps eliminate emotional decision-making by automating the exit strategy. This can prevent impulsive reactions to short-term market fluctuations, and support a more disciplined approach to trading.

: In volatile or choppy markets, the trigger price of a trailing stop loss may be more susceptible to being hit. This can result in frequent exits and potential missed opportunities if the market later stabilizes in your favor.

: Trailing stops are sensitive to short-term market noise. Small price fluctuations can trigger the stop prematurely, leading to premature exits and potentially missing out on further price movements.

:Trailing stop orders may not offer significant protection during market gaps or extreme price movements. In such cases, the order might execute at a different price than expected, potentially resulting in a larger loss or missed profit-taking opportunity.

: Choosing an appropriate trailing amount requires careful consideration. Setting it too wide might result in exiting trades prematurely, while setting it too tight may expose your position to unnecessary risk.

Trailing Stop Loss vs. Trailing Stop Limit

Trailing stop-loss orders and trailing stop-limit orders are two variations of trailing stops, each serving different purposes.

: A trailing stop-loss order is designed to protect profits by automatically adjusting the stop price as the market moves in your favor. It follows the highest price reached since the order’s been placed, maintaining a dynamic stop level below the market price. If the price drops and reaches the stop price, the sell order is triggered, and the position is closed at the prevailing market price.

: A trailing stop-limit order combines the features of a trailing stop loss with a limit order. It also tracks the highest price reached since the order has been placed but, once triggered, it converts to a limit order rather than a market order. This means that once the trailing stop loss is reached, a limit order is triggered with a specified limit price. The position is closed only if the market reaches the limit price or better, providing additional control over the exit price.

Both stop loss and stop limit orders offer benefits and considerations. The choice between them depends on whether you want guaranteed execution or a guaranteed price.

Trailing stop orders are powerful implements in a trader's toolkit, offering flexibility, risk management and the potential to protect profits and maximize returns. By automating the exit strategy and adjusting dynamically with the market price, these orders help traders navigate trending markets and manage their positions effectively.

Trailing Stop Order: What It Is and How to Use It

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard