‘Scam of all scams’: Crypto dev claims Trump-linked WLFI ‘stole’ his money

Publicly traded companies have now collectively accumulated over 1,000,000 BTC, in a historic milestone in Bitcoin adoption. This stash represents nearly 5% of Bitcoin’s fixed 21 million supply, as institutional conviction around the asset continues to grow.

From corporate treasuries of prominent firms to Bitcoin mining firms and ETF issuers, the presence of publicly listed companies in the market has significantly expanded over the past few years.Metaplanet, Mallers, and More

Leading the pack of corporate Bitcoin holders is Strategy, the company co-founded by Michael Saylor, which began stacking coins in August 2020. Today, Strategy controls 636,505 BTC, which makes it the clear frontrunner among corporate treasuries.

The gap to second place is massive as MARA Holdings owns 52,477 BTC, with just 705 BTC added in August. Despite this, new challengers are quickly building sizable positions. For instance, Jack Mallers’ XXI already commands 43,514 BTC, while the Bitcoin Standard Treasury Company holds 30,021 BTC.

Other heavyweight names include Bullish, which has secured 24,000 BTC, alongside Metaplanet at 20,000 BTC. Publicly traded players such as Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase also emerged as increasingly important participants in this rapidly growing corporate accumulation trend.The Hidden Crisis

Bitcoin’s surging popularity on Wall Street is ironicallysqueezingthe very backbone of its network – miners. While institutional inflows have propelled BTC prices higher, on-chain activity has not kept pace, which has left transaction fees at historic lows, according to CoinMetrics.

This imbalance is particularly damaging in a post-halving environment, where block rewards have already been slashed and fees now account for less than 1% of miner revenue.

With profitability increasingly tied to price appreciation alone, miners face mounting financial pressure and are often forced to liquidate holdings or shut down operations entirely. The risk extends beyond economics since reduced miner participation also threatens decentralization and could concentrate network security in the hands of dominant pools like Foundry and Antpool, which already control nearly half of total hashpower.

The 2028 halving will cut rewards to just 1.5625 BTC per block, which is expected to pose an even bigger challenge. Without new uses that boost demand for blockspace, Bitcoin’s security could weaken, and its “digital gold” narrative may drift away from the incentives that keep the network safe.

Hyperliquid, a popular decentralized cryptocurrency exchange with a native L1 blockchain, has announced the details of a major incoming upgrade. The launch of the USDH stablecoin is the backbone element of the upgrade, while a radical fee cut and a listing procedure revamp are set to make Hyperliquid the go-to solution for on-chain trading.

80% lower fees, democratic listing: Hyperliquid eyes major upgrade

According to an announcement on the project's Discord, Hyperliquid, a mainstream decentralized exchange backed by its own Layer-1 blockchain, is close to the activation of a profound architecture upgrade. Once live, the upgrade will advance traders' experience and introduce new opportunities.

First, the exchange is set to see the biggest spot trading fee cut in its history. Maker fees and taker rebates will be cut by 80%, making trading more cost-effective for all spot quote asset holders. This measure is designed to bring new liquidity to the platform.

Then, the team has ambitions to make spot quote assets permissionless, starting from the testnet version. It means that everyone will eventually be able to list their own cryptocurrency on Hyperliquid's spot model. Besides making the design of the exchange more democratic, it will also result in new liquidity and users joining the platform.

The release of the USDH stablecoin is the most debated change envisioned by the upcoming upgrade's agenda. The new asset will go live on Hyperliquid's L1, being a "Hyperliquid-first" and "Hyperliquid-aligned" stablecoin.

While the USDH ticker is reserved for Hyperliquid's stablecoin, the exact team to lead its development is yet to be chosen. The decision will be up to Hyperliquid validators, the announcement says.

USDH stablecoin taking shape: Proposal by community

One of the first proposals for the USDH stablecoin's deployment was published by Max Fiege, a Hyperliquid enthusiast and DeFi developer.

His team — named Native Markets — designed USDH as a GENIUS-compliant HyperEVM-based asset with fiat rails by Stripe's Bridge. Fiege confirmed that MC Lader, the former president and COO of Uniswap Labs, is ready to curate the development of the new product.

USDH operations should be beneficial for Hyperliquid Foundation and its ecosystem, not for competing centralized exchanges. A meaningful part of its revenue should be brought back to Assistance Fund, the author added.

Today, Hyperliquid's HYPE price jumped to September's high at $47.78, being 7% up in a week.

Chainlink price is facing renewed selling pressure after the bulls failed to hold critical levels. As of press time, LINK is being sold across exchanges at $22.17, with a 2.87% discount over yesterday. The market cap stands at $15.04 billion, while 24-hour trading volume sits at $1.17 billion. Wondering how the LINK price has performed over the past 24 hours? The token has ranged between $22.06 and $23.18, showing volatility around support.

It is worth mentioning that, despite the struggles on the price chart, Chainlink continues to push forward on the fundamentals front. The Chainlink Reserve recently added 43,937.57 LINK, boosting its total holdings to 237,014.07 LINK. More importantly, Chainlink has also secured an integration with the Bureau of Economic Analysis, which will feed core U.S. macroeconomic data.

Why is LINK Price Dropping?

A mix of profit-taking and rejection near resistance has led to this downturn. The previous rally attracted sellers eager to book their gains, especially as LINK price struggled to hold above $23. Market conditions have tilted toward caution, with sentiment going defensive despite positive fundamental news.

Chainlink Price Analysis

Now that we are well aware of the latest price trends, let us dive into price analysis, without further ado. The latest rejection at $24.85 triggered a wave of stop-loss orders and algorithmic selling, thereby dragging the Chainlink price below the $23.00 support. That breakdown has charged-up sellers, who are now eyeing $21.04.