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Caixin: DCEP Operating Agency to Expand, 12 Commercial Banks May Join

2 hours ago

**12 Commercial Banks Likely to Join PBOC Digital Yuan System on March 20** Twelve commercial banks are expected to connect to the People’s Bank of China (PBOC)’s digital yuan system on March 20, following an initial 10 institutions that include China’s six major state-owned lenders. The potential new members include 7 nationwide joint-stock banks (SPDB, CGB, HXB, CMBC, CEB, CZBank, and Hengfeng Bank) and 5 local city commercial banks: Jiangsu Bank, Bank of Beijing, Bank of Ningbo, Bank of Nanjing, and Bank of Suzhou, according to reports. As of now, the digital yuan’s operating institutions are: ICBC, ABC, BOC, CCB, BOCOM, PSBC, CMB, CIB, WeBank, and Webank, per Caixin.
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Binance will delist APTUSD and OPUSD Coin-Margined Perpetual Contracts

On March 20, Binance Futures announced via official sources that it will conduct automatic liquidation of APTUSD and OPUSD coin-margined perpetual contracts at 5:00 PM on March 25, followed by the delisting of these trading pairs immediately after the liquidation.

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A Whale Went Short on ETH 20x for Nearly 3 Hours, Holding $21.44M Position

On March 20, Onchain Lens data shows a whale opened a 20x-leveraged ETH short position over the past three hours, holding 10,056 ETH valued at $21.44 million. The same whale has previously lost over $1 million on long/short positions in NVDA and BTC.

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The market expects the Fed to hike rates in December

March 20: Short-term interest rate futures suggest the market is pricing in a Fed rate hike in December. (FX678)

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An entity claimed 40% of the ROBO airdrop through over 7000 addresses, worth approximately $8 million at launch.

March 20th: Monitoring by Bubblemaps reveals a single entity secured 40% of the total airdrop allocation for Fabric’s ROBO token via a Sybil attack on the protocol’s robot network. Bubblemaps has traced over 7,000 wallets with identical on-chain activity—these addresses received similar amounts of Ethereum from 7 exchanges in the two months leading up to the token launch. After transfers through three layers of new wallets, they claimed the airdrop, totaling ~199 million ROBO tokens (worth roughly $8 million at the February 27th launch). Bubblemaps stated there is currently no evidence linking this activity to the Fabric or OpenMind core teams.

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Spot Gold and Silver Fall, Silver Breaks Below $70

On March 20th, spot gold dropped below $4,610 per ounce, notching a 0.90% daily decline, according to Bitget market data. Spot silver fell below $70 per ounce the same day, with a 3.89% daily drop.

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Binance Futures will launch PAYP U-denominated perpetual contract

March 20 — Binance Futures will launch the PAYP/USDT stock perpetual futures contract on March 23 at 22:30 UTC+8, with up to 10x leverage, according to an official announcement. PAYP is the ticker symbol for PayPay, Japan’s largest cashless payment provider backed by SoftBank. The firm debuted on Nasdaq on March 12, closing its first day of trading up 13.5%. In October 2023, PayPay acquired a 40% stake in Binance Japan and formed a capital and business alliance to link digital payments with cryptocurrency. The partnership lets users use PayPay Money to fund trades and withdraw profits.

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