Today in crypto, El Salvador marks the four-year anniversary of Bitcoin as legal tender. The Bitcoin Office highlights the country’s strategic reserve, which holds over 6,313 BTC valued at over $702 million, despite a reduction in government involvement in the Bitcoin sector. Paxos has proposed a fully compliant USDH stablecoin aimed at the Hyperliquid ecosystem, with 95% of interest from USDH reserves allocated to buy back its native token HYPE. This initiative seeks to drive adoption and align ecosystem incentives. Meanwhile, Michael Saylor, co-founder of Strategy, saw his net worth increase by $1 billion this year, now at $7.37 billion, due to his debut on the Bloomberg Billionaire 500 Index, where he ranks 491st. Saylor's wealth is largely tied to his company’s equity. He joins other crypto billionaires on the list, including Coinbase's Brian Armstrong and Binance's Changpeng Zhao.

Source 🔗