HYPE Holds Near $90 as Hyperliquid Urges EU to Treat Perps as Derivatives

• —HYPE trades near $88.45, daily range $88.12–$91.10, daily RSI at 52.58
• —HPC asks EU to regulate onchain perpetuals under MiFID II, not as a new asset class
• —Hyperliquid RWA volumes fell from $37.5 billion to $8 billion in a week
• —Network fees rose to $72 million last month; open interest stands at $3.9 billion