Today in Crypto: Key Updates
Paxos pushes for USDH stablecoin on Hyperliquid
Paxos has unveiled a plan to introduce USDH, a stablecoin designed specifically for the Hyperliquid ecosystem. The token would fully comply with both the U.S. GENIUS Act and the EU’s MiCA regulations.
As part of the model, 95% of yield generated from USDH reserves would go toward repurchasing Hyperliquid’s native token, HYPE, redistributing it across users, validators, and partner protocols.
The initiative will be led by Paxos Labs, a newly created division within Paxos. To strengthen the effort, the company has acquired Molecular Labs—the team behind Hyperliquid primitives LHYPE and WHLP—gaining deeper expertise in the network’s on-chain financial infrastructure.
Michael Saylor’s wealth climbs $1B in 2025
Michael Saylor, co-founder and executive chairman of Strategy, has boosted his net worth by $1 billion this year, earning a place on Bloomberg’s Billionaire 500 Index for the first time.
As of now, he ranks 491st with an estimated fortune of $7.37 billion, up nearly 16% since January. Around $650 million of that is in cash, while $6.72 billion is tied to Strategy stock.
Strategy’s shares (MSTR) have risen almost 12% since January, according to Google Finance. Saylor joins other high-profile crypto billionaires on Bloomberg’s list, such as Coinbase CEO Brian Armstrong ($12.8B, rank 234) and Binance founder Changpeng “CZ” Zhao ($44.5B, rank 40).
Bitcoin mining difficulty reaches record levels
Bitcoin’s mining difficulty has surged to a fresh all-time high of 134.7 trillion, up from 129.6 trillion in the previous adjustment period.
Although the difficulty is at record highs, the network’s hashrate has dipped to 967 billion hashes per second—down from its August 4 peak of over 1 trillion—according to data from CryptoQuant.
This rising difficulty highlights the growing competition among miners, as more computing power continues to secure the Bitcoin network.
