Ethereum’s Surge: Vitalik Buterin Reclaims ‘On-Chain Billionaire’ Status

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Ethereum co-founder Vitalik Buterin has regained his status as an “on-chain billionaire” following a significant rise in Ether’s price, which surpassed $4,000 for the first time in eight months. According to blockchain intelligence firm Arkham, Buterin’s portfolio is now valued at approximately $1.04 billion, holding 240,042 ETH alongside smaller stakes in other cryptocurrencies.

This resurgence in Ether’s value has contributed to a decline in Bitcoin’s market dominance, signaling a shift in investor interest towards Ethereum and other altcoins.

In other developments, World Mobile has launched a drone-based telecommunications project aimed at providing 5G wireless service through hydrogen-powered drones deployed at 60,000 feet in the stratosphere. The initiative, in partnership with Indonesian telecom firm Protelindo, seeks to expand wireless coverage to underserved areas.

Meanwhile, concerns persist regarding the debanking of crypto firms in the United States. Despite previous indications of a more crypto-friendly environment, reports suggest that major banks continue to close accounts for crypto firms under “Operation Chokepoint 3.0,” citing increased fees and access restrictions.

These developments highlight the dynamic nature of the cryptocurrency landscape, with significant price movements, technological advancements, and regulatory challenges shaping the industry’s future.