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Ethereum News Today: Ethereum Surges 20% as Vitalik Buterin Regains Billionaire Status
Generated by AI AgentCoin World
Monday, Aug 11, 2025 11:27 am ET1min read
Aime SummaryEthereum co-founder Vitalik Buterin has regained billionaire status as the price of ETH surged nearly 20% over the past week, surpassing the market capitalization of several traditional companies, including defense contractor
[1]. Buterin is believed to hold 240,042 ETH, valued at approximately $1.03 billion, along with other assets like the Moo Deng meme coin, boosting his net worth to $1.045 billion according to Arkham Intelligence [1]. This figure does not account for potential off-chain or untracked holdings, which could elevate his true net worth further.Ethereum’s recent price rally has pushed its market capitalization to $513 billion, placing it behind global giants like
and , but ahead of firms like , Palantir, and [1]. The surge followed key regulatory developments, including the U.S. Securities and Exchange Commission clarifying that liquid staking services do not constitute securities offerings. This move has cleared the path for institutional-grade yield-generating products tied to [1].While Ethereum remains the second-largest cryptocurrency by market capitalization, it has not yet surpassed
, which continues to dominate with 60.8% of the total crypto market cap. However, Bitcoin dominance has declined by 5.87% over the past month due to the rise of Ethereum and other assets like [1]. Meanwhile, Bitcoin’s market capitalization has climbed to $2.4 trillion, surpassing and positioning it as the sixth-largest asset globally [1].The growing institutional interest in crypto is also being fueled by policy changes. Donald Trump signed an executive order allowing cryptocurrencies to be held in 401(k) retirement plans, potentially unlocking up to $8.7 trillion in capital [1].
Source: [1] Vitalik Buterin Is a Billionaire Again as ETH Flips Palantir. (https://decrypt.co/334480/vitalik-buterin-billionaire-eth-flips-palantir)
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