Indeed, The whole futures markets with bitcoin is kinda krazy. and I think will only add to it's volatility. As it opens up a lot of private money who don't really know or care much about cryptocurrencies. Moreso just seeing it as another fun new speculation tool.
It's interesting seeing how all these different nations treat and react to crypto. Some try and ban it, then change their mind only to adopt it and make their own.
The 'petroyuan' is interesting.. It's a big move on a global level.