The relevant "speed" is the change of the direction you are pointing at. The Earth rotates around itself in 24 hours, but around the Sun in 365 days, so the daily rotation is 365x as fast. We also rotate around the center of the Milky Way every couple of hundreds of millions of years.
At least with respect to the influence of the Earths rotation. With respect to compensating actual camera shake, the modern systems correct 5 axis's. 3 for rotation around the 3 space axis's, and 2 translational, which leaves only motion towards or away from the motive uncorrected for (which usually only expresses itself in the need of refocussing, but that usually is far beyond camera shake, except for macro photography).
