Today in crypto, El Salvador marks the four-year anniversary of Bitcoin as legal tender, with the country’s Bitcoin reserve now valued at over $702 million. Despite initial enthusiasm, government involvement in Bitcoin has since diminished, leading to critiques of the country’s Bitcoin initiatives. Meanwhile, Paxos has proposed a compliant stablecoin called USDH for the Hyperliquid ecosystem, aiming to use 95% of interest earned from its reserves to buy back its native token HYPE, thereby promoting ecosystem growth. Lastly, Michael Saylor’s net worth has surged by $1 billion this year, largely due to his company Strategy’s stock performance, placing him at 491st on the Bloomberg Billionaire Index with an estimated net worth of $7.37 billion. He joins notable crypto billionaires like Coinbase’s Brian Armstrong and Binance’s Changpeng Zhao on the list.

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