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Techub News reported that the Hyperliquid Policy Committee (HPC) submitted feedback to the European Commission regarding the targeted consultation on the evolution of the MiCA framework. This marks its first policy submission outside the United States. HPC called on the EU to moderately calibrate based on the existing financial regulatory framework rather than overhauling it entirely. Its core propositions include: adhering to the classification principle of 'technological neutrality and economic substance,' recommending the explicit inclusion of on-chain perpetual contracts under MiFID II regulation through existing ESMA guidelines; emphasizing that perpetual contracts, based on public central limit order book matching, differ from traditional contracts for difference and should not mechanically apply the stringent retail restrictions targeting the latter; and advocating for regulatory recognition of the transparency of public chains to relieve regulated institutions from the redundant reporting burden of submitting already publicly on-chain data.
Techub News: The DePIN project Multiple Network announced on Twitter that the original MTP token supply was contaminated and token security was compromised due to a third-party market maker unlocking and dumping tokens. To protect community interests and ensure system stability, the team will implement a comprehensive token replacement, supported by systematic buyback measures. At 10:00 AM Hong Kong time on September 29, exchanges will suspend MTP deposit/withdrawal/trading services and take a snapshot. The new MTP tokens will be automatically distributed at a 1:1 ratio (applicable to both exchange users and on-chain users).
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