3 Events in the Crypto Market This Week, Have You Read?

Jakarta, Pintu News – The cryptocurrency world is once again filled with important news ranging from El Salvador celebrating the 4th anniversary of Bitcoin (BTC) adoption, a new stablecoin proposal from Paxos, to a surge in crypto billionaire Michael Saylor’s wealth.

This series of news shows how the global crypto ecosystem continues to move fast, both in terms of regulation, innovation, and institutional adoption. Read the full news below!

El Salvador Celebrates 4 Years of Bitcoin

On Sunday (7/9), Bitcoin Office El Salvador celebrated four years since the Central American country adopted Bitcoin as legal tender. The move was first made in September 2021, making El Salvador the first country in the world to make BTC legal tender. To date, the country’s strategic Bitcoin reserve stands at more than 6,313 BTC worth IDR 11.4 trillion ($702 million).

In addition, the government also highlighted the public education initiatives related to Bitcoin and artificial intelligence (AI) that have been carried out since adoption began. These programs aim to increase the digital literacy of the public, while fostering an understanding of the potential of blockchain technology.

However, in recent years, the government of El Salvador has been known to reduce direct involvement in the Bitcoin sector, even revoking BTC’s legal tender status, raising questions about the sustainability of this experiment.

Paxos Proposes USDH Stablecoin for Hyperliquid Ecosystems

The other big news came from Paxos, a stablecoin infrastructure company, which submitted a proposal to launch a new stablecoin called USDH. This stablecoin is designed specifically for the Hyperliquid ecosystem and claims to be fully compliant with international regulatory standards, including the GENIUS Act in the United States and MiCA in the European Union.

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In its official announcement, Paxos mentioned that 95% of the interest generated from the USDH reserve will be used to buy back Hyperliquid’s native token HYPE and then redistributed to users, validators, and protocol partners. Paxos Labs, a new entity in the Paxos corporate structure, will lead this initiative after acquiring Molecular Labs, the developer of Hyperliquid primitives LHYPE and WHLP.

This strategy is expected to drive stablecoin adoption, strengthen incentives, and open up a new phase of growth in the cryptocurrency space.

Michael Saylor’s Wealth Rises to IDR 16.3 Trillion

On the other hand, surprising news came from Michael Saylor, co-founder and chairman of Strategy, who is known as one of the most vocal crypto billionaires. According to Bloomberg Billionaire Index data, Saylor’s net worth jumped by $1 billion since the beginning of 2025. He now ranks 491st on the list of the world’s 500 richest people with a total wealth of Rp120.7 trillion ($7.37 billion).

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Around IDR10.6 trillion ($650 million) of that wealth is in cash, while the rest is Strategy’s equity worth IDR110.1 trillion ($6.72 billion). Strategy’s (MSTR) own shares have risen nearly 12% over the year, in line with the surge in Bitcoin prices and increased institutional exposure to crypto assets.

Saylor now joins the list of other crypto billionaires such as Coinbase CEO Brian Armstrong with IDR209.6 trillion ($12.8 billion), and Binance founder Changpeng Zhao (CZ) who ranks 40th with a fortune of IDR728.5 trillion ($44.5 billion).

Conclusion

Three big crypto stories today show just how dynamic the global cryptocurrency industry is. El Salvador is still in the spotlight with its Bitcoin experiment despite controversy, Paxos brings a regulatory-compliant stablecoin innovation to Hyperliquid, and Michael Saylor reaffirms his position as one of the world’s crypto billionaire icons. All of this is a reflection that the crypto sector continues to thrive amidst regulatory challenges and global market changes.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cointelegraph. Here’s what happened in crypto today. Accessed September 8, 2025.
• Featured Image: Generated by Ai