Kinetiq, which controls approximately 82.5% of Hyperliquid's liquid staking market, announced the launch of Elysium, a new Layer 2 chain built on top of the Hyperliquid ecosystem. The L2 aims to improve HyperEVM performance, revive spot trading, and create a new KNTQ buyback engine using HYPE as the gas token.
The United States and Qatar are warning the European Union that strict methane regulations could divert gas supplies elsewhere, while eleven EU countries are calling for a pause to the rules citing potential supply disruptions and increased costs from foreign suppliers.
A deadly explosion at Qatar's main liquefied natural gas processing facility at Ras Laffan Industrial City killed 13 people and injured 66 as workers attempted to restart operations. The blast, attributed to a technical malfunction, occurred amid Qatar's efforts to resume LNG exports through the Strait of Hormuz following a recent ceasefire agreement.
Serbian authorities found powerful explosives and detonators near the Balkan Stream pipeline that carries Russian gas to Hungary, one week before Hungary's national election. Hungarian PM Viktor Orbán faces allegations the incident may be a 'false flag' operation as he trails in polls.
The EU has proposed a series of emergency measures aimed at reducing gas and electricity prices and cutting energy consumption as winter approaches. The proposal comes after Russia announced it will not reopen the Nord Stream 1 pipeline to supply Europe with fuel this winter.
