In the latest update from Cryptonomics, key developments in the cryptocurrency space are highlighted. Ethereum has reached a new all-time high, surpassing $4,000, with its market capitalization exceeding $478 billion and a remarkable 450% increase this year. Meanwhile, the Gemini exchange now allows Dogecoin investors to earn an interest of 2.25% APY on their holdings, with the interest compounding daily and allowing for flexible withdrawals.
Additionally, Ethereum’s co-founder, Vitalik Buterin, has seen a significant rise in his net worth due to the surging price of Shiba Inu (SHIB), a Dogecoin knockoff, which has increased by over 734% in the past week, adding approximately $8 billion to his wealth. In a significant milestone, Binance’s trading volume has exceeded the total trading value of the Chinese stock market, reaching over $168 billion in just 24 hours. Lastly, Galaxy Digital CEO Mike Novogratz proposed that exchanges consider listing Bitcoin’s smallest unit, satoshis (sats), to make investing more accessible for average users. Stay tuned to Cryptonomics for further updates on these exciting changes in the crypto landscape.