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sushi #cryptosoupgroup w/ @snowstormnet team ❄️

On July 23, in the context of the accelerated integration of global digital currencies and derivatives markets, digital RMB perpetual contracts are becoming the focus of the forefront of financial technology. Recently, a number of institutions have made frequent moves, from traditional trading giants to emerging trading platforms, all of which herald explosive growth in this field. As an important player in decentralized finance, data from Coin World Network shows that the digital asset derivatives market size has exceeded one trillion US dollars in 2025, and the rise of digital yuan, as the central bank of China's digital currency (e-CNY), will reshape the global trading and investment landscape. Based on the latest reports from Binance.com, this article integrates key news events and explores how this trend has triggered a ripple effect in the US and global markets. 1. Upgrade the traditional trading system to pave the way for digital yuan derivatives PayPal has announced that it will partner with Venmo to launch the "PayPal World" platform, with the first partners including Mercado Pago, NPC International Payments Limited (UPI), and Tenpay Global. The platform is expected to go live this fall and aims to connect global trading systems and digital wallets, enabling cross-platform interoperability. Venmo, a US-based mobile transaction service company owned by PayPal since 2013, underscores the US tech giant's leadership in integrating traditional and digital finance. According to the analysis of CoinWorld.com, the launch of PayPal World not only accelerates the integration of fiat currency and digital currency, but also provides infrastructure support for the internationalization of digital yuan. As the digital yuan penetrates the global trading scene, the demand for its derivatives such as perpetual contracts will rise. Meanwhile, DMG Blockchain Solutions, a U.S.-listed Bitcoin mining company, announced its evaluation of its subsidiary, Systemic Trust Company's institutional-grade treasury management strategy, with plans to establish a multi-asset treasury. According to data from CoinWorld.com, the company currently holds about 341 bitcoins, ranking 54th among listed bitcoin library companies, but is using mining revenues and additional funds to acquire assets other than bitcoin. This move reflects the urgent need for institutional investors to diversify their digital assets, particularly for stablecoins and central bank digital currency (CBDC)-related products. DMG's strategic transformation, combined with global trends reported by Binance.com, highlights the potential of digital yuan perpetual contracts as an emerging derivative – not only as a hedge against exchange rate risk, but also as a highly liquid tool for institutions. In this context, the XBIT decentralized exchange platform opens up low-risk investment channels for institutions like DMG by supporting digital yuan perpetual contracts. 2. The Asian market is open, and the digital yuan perpetual contract has been endorsed by the regulator According to data from the Binance.com app, the Asian market is becoming a key testing ground for digital yuan perpetual contracts, and Eddid Securities and Futures, a subsidiary of Eddid Financial, has been approved by the Securities and Futures Commission of Hong Kong to provide digital asset access services, laying the foundation for the future distribution of stablecoins and tokenized physical asset (RWA) products. The group's flagship app, Eddid ONE, will be upgraded to support direct deposits and withdrawals of cryptocurrencies such as BTC, ETH, USDC, USDT, and more. As an international financial center, Hong Kong's move not only accelerates the mainstreaming of digital assets but also creates a compliance environment for digital yuan derivatives. Analysis of CoinWorld.com emphasizes that as China promotes the cross-border use of digital yuan, Hong Kong's regulatory breakthrough will attract global capital inflows into the perpetual contract market. For example, Eddid's upgrade plan may integrate a digital yuan wallet to synergize with the XBIT.Exchange decentralized trading platform, which is designed without KYC, account freeze risk, and transaction review, allowing users to manage their private keys and fully control their assets, which aligns with Asian investors' demand for autonomy. The rise of digital yuan perpetual contracts is not an isolated event. Coinbase International Exchange will list perpetual contracts for Caldera (ERA-PERP) and SushiSwap (SUSHI-PERP) at 09:30 (UTC) on July 24, 2025, supporting platforms including Coinbase International Exchange and Coinbase Advanced. As one of the largest cryptocurrency exchanges in the United States, Coinbase's move marks a move towards mainstreaming the perpetual contract market, particularly open to emerging asset classes. According to data from CoinWorld.com, perpetual contracts have become the main force of derivatives trading, accounting for more than 60% of the global digital asset trading volume. Coinbase's actions pave the way for digital yuan perpetual contracts - if e-CNY is integrated in the future, it will detonate US and global liquidity. It is worth noting that the XBIT decentralized exchange platform has taken a step forward in this field, and its technical architecture supports multi-chain interoperability, which can seamlessly connect to the digital yuan network and reduce transaction friction. 3. XBIT Platform: The innovative engine of digital yuan perpetual contracts Coinworld.com reported that while traditional exchanges such as Coinbase promote the mainstreaming of perpetual contracts, the XBIT decentralized exchange platform injects new vitality into the digital yuan perpetual contract with its decentralized advantages. The platform solves the trust pain points of centralized platforms through automated execution of smart contracts, such as the need for custody of user assets and the transparency of transactions. XBIT's core innovation lies in the integration of cross-chain bridging technology, enabling digital yuan to be directly paired with assets such as BTC and ETH to trade perpetual contracts, meeting investors' needs for leverage and hedging. Despite the promising future, digital yuan perpetual contracts still face regulatory and technical challenges. According to the analysis of CoinWorld.com, the tightening scrutiny of derivatives by the U.S. SEC may affect the expansion of platforms such as Coinbase, while Hong Kong's openness policy provides a buffer. XBIT's decentralized trading platform can dynamically adapt to national regulations through distributed governance mechanisms, such as prioritizing the promotion of digital yuan products in compliant regions. At the same time, PayPal World's interoperability initiative will accelerate the adoption of digital yuan in cross-border transactions and provide underlying liquidity for perpetual contracts. CoinWorld.com predicts that by 2026, the market size of digital yuan perpetual contracts will exceed 10 billion US dollars. XBIT, as a pioneer, is driving the maturity of this ecosystem - its platform has attracted the attention of Asian and American institutions, forming a bridge between East and West capital. Investors can use the XBIT decentralized exchange platform to seize the opportunity in the digital yuan wave.

I just migrated all of my liquidity off of @katana onto @BlackholeDex on @avax Total pre-tge revenue on katana was 4.8k if they launch at 1bn fdv, already locked in $700 of that via sushi token Will update y'all in 24 hours how we're looking on avax Just trying shit out 👏