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Zhao Changpeng: Binance's Greek MiCA license application was close to approval but was forced to withdraw due to external factors

According to The Block, Binance founder Zhao Changpeng stated that the MiCA license application submitted by Binance in Greece fully complied with regulatory requirements and was close to approval before being withdrawn, but ultimately the process was interrupted due to "external political factors."In an interview, Zhao Changpeng mentioned that several countries within the EU had expressed interest in the license, and there was even a certain degree of "competitive pursuit," but the regulatory progress was ultimately affected by non-regulatory factors, forcing the application to be withdrawn. Binance officially withdrew its application in Greece last week and stated that it would turn to other EU member states to continue pursuing MiCA authorization.In response to market rumors regarding his connections with high-level EU politicians, Zhao Changpeng stated that he had not seen any verifiable documents and only saw similar claims online, which he did not confirm. Zhao Changpeng also pointed out that the EU MiCA transition period will officially end on July 1, at which time platforms that have not obtained licenses must cease related services. Regulatory agencies in various countries have made it clear that they will not postpone enforcement, and they evaluate this outcome as a "lose-lose situation," using the regulatory processes in Japan and Singapore as examples to emphasize that compliance processes often require a longer period.Additionally, when discussing Strategy's STRC preferred stock product, Zhao Changpeng stated that its structure is "too complex" and expressed difficulty in fully understanding its mechanism, but emphasized that he does not comment on the credibility of its founder Michael Saylor, considering him a "staunch supporter of Bitcoin."

The founder of Hyperliquid once rejected a $1 billion valuation funding proposal, insisting on a "zero external investment" approach

According to market news, Hyperliquid founder Jeffrey Yan received an investment intention based on a valuation of about $1 billion and a scale of about $100 million less than a year after the project went live. However, after careful consideration, he ultimately chose to reject the investment terms.Reports indicate that before and after the financing proposal was made, the team had been continuously using personal funds to maintain operations, consuming the founder's personal finances each month to cover project costs. During the investor's engagement, Jeff communicated with several entrepreneurs and VCs about the nature and significance of financing, but he was never convinced that external capital could enhance its intrinsic value. Ultimately, he clearly informed the team on Monday that he would reject the financing proposal.Relevant insiders described that the team members managing funds were shocked by this decision, as several preparations had already been made around the financing. Jeff's core reason was that Hyperliquid is not a traditional company but an on-chain protocol that needs to maintain neutrality. He believed that once external equity capital was introduced, it could undermine the protocol's permissionless and neutral positioning, conflicting with its long-term design goals.He had previously stated that if Bitcoin had accepted VC financing in its early days, its neutrality narrative might have been weakened. Following the same logic, he chose to continue maintaining Hyperliquid's investor-free structure and to support part of the operating expenses with personal funds in the long term. On January 28, 2024, he summarized the project's principles on social media: · No investors · No paid market makers · No fees charged to the development team (or the development team does not take fees) · No insiders (or internal privileged participants). This statement is also seen as a core footnote to Hyperliquid's extreme decentralization/decapitalization approach.

Vitalik reiterated Ethereum's mission: to reduce external dependency vulnerabilities through resilience, allowing people to gain sovereign freedom

Ethereum founder Vitalik reiterated the purpose of Ethereum, stating, "The creation of Ethereum is not to make finance more efficient or applications more convenient, but to give people freedom." This is an important and controversial statement from the "Unpermissioned Manifesto" that deserves our re-examination and a better understanding of its meaning. Words like "efficient" and "convenient" imply improving the average situation in an already quite good context. Efficiency refers to allowing the world's best engineers to pour their souls into reducing latency from 473 milliseconds to 368 milliseconds, or increasing the yield from 4.5% APY to 5.3% APY.Convenience means enabling people to register in 20 seconds instead of 1 minute with just one click instead of three. These things may be well done. But we must understand that we can never outplay the corporate players in Silicon Valley in this game.Therefore, the main underlying game that Ethereum must play must be a different game. This game is resilience. Resilience is not about 4.5% APY versus 5.3% APY, but about minimizing your risk of suffering -100% APY. Resilience means that if you become politically unpopular and get banned, or your application developers go bankrupt or disappear, or Cloudflare goes down, or a cyberwar breaks out, your 2000 milliseconds of latency still remains at 2000 milliseconds. Resilience is that anyone, anywhere in the world can access the network and become a top-tier participant.Resilience is sovereignty, in the sense of "digital sovereignty" or "food sovereignty"—actively reducing vulnerability to external dependencies that can be arbitrarily stripped away at any time. This is the game that Ethereum is suited to win. Ethereum must first and foremost be a decentralized, permissionless, and resilient block space—then make it rich.
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