Jupiter has welcomed the DRiP team, known for their expertise in growing Solana's leading NFT platform, DRiP.

The S&P 500 futures fell 3% as Trump’s tariffs sparked trade war fears, hitting tech and retail stocks. Gold stays above $3,130, up 23% since November, as tariffs fuel safe-haven demand despite rising US yields. The Coindesk Indices, which tracks the broader crypto market, are down by 1.88%, with Bitcoin up 2.34% and Ether down 1.86% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is EOS, up 4.1%, as Vaulta bridges CeFi and DeFi for secure wealth management, payments, and investments.

Vaulta (EOS), launched in June 2018, formerly EOS Network, is a decentralized blockchain network for building and running commercial-scale dApps, offering security, authentication, data hosting, and app communication—similar to Google Play or the App Store. Vaulta 

 CeFi and DeFi for wealth management, crypto payments, and portfolio investments, offering secure, real-time transactions and fractional RWA ownership, while ensuring digital asset security through crypto-native insurance and custody solutions.

Check out the latest prices, charts, and data of 

, known for their expertise in growing Solana's leading NFT platform, DRiP. As part of their vision to build a comprehensive crypto superapp, Jupiter aims to integrate NFTs into its Swaps, Mobile, and Portfolio features. This partnership will leverage DRiP’s strengths in NFT marketing, token launches, and creator-driven growth. The collaboration is funded by Jupiter's treasury without selling JUP tokens, and DRiP will continue to operate with added resources, contributing to community-driven growth.

Yesterday, Bitcoin spot ETFs saw $334M in total inflows, all from non-GBTC funds, while GBTC recorded no flows.

, reaching nearly $33M TVL in 21 hours. Users can deposit in featured vaults to earn rewards like TURTLE and TAC. More partner vaults launch on April 12. TAC is a Layer 1 blockchain bridging Ethereum dApps to Telegram's 950M users.

Beginner

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Jupiter partners with DRiP to integrate NFTs into crypto superapp

The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

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PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

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Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

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Crypto brokers are firms or individuals who serve as financial intermediaries for people who are looking to exchange money for cryptocurrencies. Learn more.

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Whether you’re about to buy your first cryptocurrency or have been investing in different currencies for years, crypto trading is a complex process that involves many moving parts. Investors use numerous trading techniques, making identifying the most effective techniques difficult. If you're interested in cryptocurrency trading, two clear options are available to you: a crypto exchange and a crypto broker.

Purchasing or selling various digital currencies is referred to as crypto trading. The purpose of trading is to make a profit based on the ever-changing values of the underlying asset. This form of trading differs from making a cryptocurrency investment, whereby you invest in a specific currency, and can profit only if the buy price is lower than the sell price.

A key aspect of crypto trading is speculating on price movements without owning the actual asset. Traders enter into a contract with a crypto broker, which involves fluctuating currency values between the opening and closing of the trade.

The Importance of Choosing the Right Crypto Broker

When you trade crypto, you deposit funds into a crypto broker platform before buying and selling a cryptocurrency. Since your assets will flow through your platform of choice, it's essential that you select one that offers ample security. When selecting a crypto broker, verify their credentials to ensure they're secure.

The broker you select should have a modern security system while complying with national regulatory measures. It's important that you're able to access the platform 24/7 on your desktop computer or a mobile app from your smartphone. Bybit Broker Program offers all the security features you need.

There are several criteria to use when evaluating different crypto brokers. For one, it's important that your broker uses the latest trading data, and doesn't do anything to manipulate prices. Search for online reviews to determine if the broker you're interested in has a strong reputation.

In addition, assess the features that each broker’s platform offers. Some provide bonuses that can help you grow your crypto portfolio at a faster rate. Others accommodate most fiat currencies. Identify the features that matter most to you before conducting your search.

There are dozens of crypto brokers you can utilize for cryptocurrency trading. However, the following 10 brokers are the best options for secure trading in 2023.

 is a feature-rich crypto trading program that provides investors with numerous helpful and convenient tools. When you enter this program, you'll receive a full rebate on Spot Fees for 90 days. Bybit Broker offers three distinct types of broker tools for you to consider: API broker, exchange broker and OTC broker. The API broker tool is ideal for trading platforms, trading bots and asset management.

With Bybit's powerful rebate system, you'll receive competitive rebates based on trading volume. You'll also benefit from dedicated technical support, a simple onboarding process and 24/7 multilingual support. This platform is highly secure and will keep your assets safe.

 is a unique crypto trading broker that gives you the ability to start trading in the manner that's most comfortable for you. When you first enter the site, you'll be asked if you wish to trade cryptocurrencies and automate your entire portfolio, or copy a strategy that a crypto professional uses.

If you decide to use a professional strategy, the ICONOMI site provides you with comprehensive details about each strategy and how it could benefit your portfolio. Once you create an account, you simply send funds to your account to begin trading. You can use this platform as you would a broker because every aspect of trading can be set up on their website. However, it offers more features than many traditional brokerages.

If you develop your own crypto investing strategy, ICONOMI gives you the ability to share this strategy with other users on the platform. In addition, you can receive some referral bonuses when you bring other users to the site. If you work as a financial advisor or planner, you can create a business account with ICONOMI as well.

Creating an account with ICONOMI is free, meaning you can become acclimated to the platform without spending too much of your own money. The availability of extras and bonuses makes it easier for you to build your portfolio. Including copy trading ensures that you can use proven trading strategies without developing your own. However, the main downside to using this broker is that its best features are primarily meant to be used by companies and financial managers instead of individual investors.

 is a highly reputable broker with a focus on European derivatives. It specializes in 

 (contracts for difference). You'll have everything you need to enter these contracts without taking on too much risk.

Before you create an account with Plus500, keep in mind that it isn’t available in the U.S. However, it can be found in most other countries around the world. Plus500 doesn't take any commissions from trades that are made on their platform. Their cut is taken only from the profits that accrue with the spreads you pay.

While Plus500 is a highly popular broker, it's not the best platform for beginners. It doesn’t provide new investors with much information, making the onboarding process more challenging than you may be prepared for. The main benefits of using Plus500 for your crypto trading needs include a fantastic mobile app, the ability to substantially diversify your portfolio, an unlimited 

 and extensive features for advanced traders.

 is currently among the most popular brokers globally. Over the years, they’ve served over 100 million users. This platform has gained popularity because of its potent security and compliance with regulators. With Coinbase, you can use efficient trading tools for over 200 separate cryptocurrencies.

You'll also discover ways to gain free crypto using the Coinbase platform. Once you create an account, you'll have the opportunity to spin a reward wheel, which gives you a prize of up to $200 in USD or Bitcoin. Another program you might benefit from is 

, which makes it easy for investors to earn small amounts of crypto by reading about different tokens and taking short quizzes. You can earn around $20–$30 in crypto with this tool. Crypto staking is also provided for users who wish to earn passive income.

The primary advantages of Coinbase are brand-name recognition, the ability to earn numerous rewards and the option to trade hundreds of cryptocurrencies. 

® provides many advantages over the competition. For example, most exchanges charge a spread on any buy or sell orders you make, meaning you're paying more to purchase crypto. Interactive Brokers doesn't charge custody fees, spreads or markups. Their commissions amount to 0.12–0.18% of the total trade value. They currently offer Litecoin, Bitcoin, Ethereum, Bitcoin Cash and other tokens that the Paxos Trust Company provides.

There are many reasons to join Interactive Brokers, including extensive functionality and a lack of markups or spreads. Note that even though they have a strong partnership with the Paxos Trust Company, they support only a small number of digital assets.

 is a renowned broker that provides users with more than 250 digital assets to select from. In fact, they offer more variety than most brokers in this guide. Uphold also supports trading in precious metals and stocks.

Users who enjoy staking their crypto assets will benefit from Uphold’s fantastic interest rates and numerous passive income opportunities. Its platform offers more features and functionality than many others. However, no broker is perfect for everyone. Despite the advantages of using Uphold for your trading needs, it's not the best platform, as the user experience is more suitable for afvanced traders.

 is a relatively modern trading platform known for supporting many of the more difficult-to-find tokens. For example, you can trade Dogecoin, Gnosis and Kava on the Kraken platform. You'll also benefit from more than 50 tokens to trade.

In addition to personal portfolios, investors who create business accounts with Kraken gain access to 24/7 customer support. Corporate clients can take advantage of features like Kraken Account Management and Kraken Trade Desk, which simplify the trading process for corporate financial managers and futures traders.

There are many reasons to consider using Kraken, especially as they offer a wide range of more unique coins that allow you to remain on just one platform, regardless of the types of currencies you enjoy investing in. They also go above and beyond to provide institutional traders with all the tools needed to perform successful trades. The main downside to using Kraken is its novelty. It doesn't have all the support, tools and insights that can be found with other brokers, which makes it challenging for beginners to become acclimated to the platform.

 is an all-in-one crypto broker that supports stocks, Dogecoin, Ethereum, Bitcoin and a wide selection of altcoins. When you sign up with this platform, you'll be able to trade crypto in an instant, which makes it easier for you to avoid heavy losses in the volatile crypto market.

The primary advantages of using Webull for your trading needs include low fees and the ability to hold your assets on the platform. However, the website isn't easy to use, which may be a deterrent when there are other brokers out there.

). It’s part of the Ethereum blockchain and offers custom bots for trading. This particular platform works like a traditional broker by using a "linked orders" feature to match 

. With the functionality that Carbon DeFi provides, you can set up automated trading strategies that allow you to gain higher profits by considering market movements and current pricing. These trades are implemented quickly to ensure losses are kept to a minimum.

Carbon DeFi’s platform makes it easier for crypto traders to buy low and sell high. You'll notice that you aren't charged any fees when making trades. The broker also supports numerous 

 tokens, which include everything from ETH and USDC to LINK and MATIC.

Keep in mind that you have full customization control over your bots, which makes it possible to efficiently adopt or discard trading trends. The platform is ideal for people who have an in-depth knowledge of decentralized finance (

). The main advantages of using Carbon DeFi:

The main issue with Carbon DeFi is that it's not a traditional broker, so you may need comprehensive knowledge of the platform to make the most of its features.

Recap: Choosing the Best Crypto Broker for Your Needs

Choosing the best crypto broker for your portfolio requires comprehensive research and in-depth knowledge of each platform's features. While all the brokers in this guide have their own unique advantages and disadvantages, the best platform on the market is Bybit Broker, which offers low fees, ample features and potential rebates.

When you select a crypto broker, it's essential that you take security and cost into account. If your chosen broker doesn't keep your information and assets secure, it's not worth using.

Crypto trading is a form of investing that allows you to increase the value of your portfolio without needing to add coins to it. The right crypto brokers can guide you through this process and give you the tools you need to succeed. Before you select a platform, weigh the pros and cons of each to determine which broker meets your needs.

9 Best Crypto Brokers to Know in 2023

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