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Carl Runefelt invests $1,000,000 on CryptoPunk

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NFT sales have been breaking records and making headlines for a while now. This week, top NFT sales made even more news, thanks to a quirky purchase story.

But more on that later! First, let’s get a lowdown on the top 5 NFT sales for the week ending 10/24/21.

The Bored Yacht Club bagged the top spot again, clocking a sweet deal of 697 ETH for #8585. That’s a whopping 2.68 million in traditional dollars. Dankrupt sold for 469 ETH or $1.93 million. CryptoPunk notched the next three spots, with #4992 clocking a price of 450 ETH or $1.70 million and #273, 265 ETH or $1.02 million.

The sale that made the most headlines wasn’t spearheading this pack of Top 5 NFT Sales of the Week. Instead, it brought up the rear.

We know what you’re thinking. A self-made multimillionaire making a million-dollar purchase isn’t the hottest of news anymore. But read on, and you’ll see why this incident takes the cake.

It all went down when Carl Runefelt, aka The Moon Carl, purchased CryptoPunk #4626 at 249 ETH or $1.02 million. Noticing that this particular crypto art NFT was strikingly similar to his features, Carl went ahead and dropped a million dollars.

Only after the purchase was complete did he realize that the CryptoPunk art he had just bought was of a female!

Well, Carl being Carl, confidently held on to the purchase. And soon enough, the crypto investment guru’s quirky deal began grabbing loads of attention.

With a market capitalization of $43.08 billion and weekly sales clocking anywhere between $10 and $20 million, the global NFT market has skyrocketed over the last few months.

If current trends are any indication, ready yourself for record-breaking numbers in the near future too. And if Carl’s story is anything to go by, we may even witness some more bizarre happenings!

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ConstitutionDAO Launches Another Attempt To Purchase US Constitution

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ConstitutionDAO Launches Another Attempt To Purchase US Constitution

After missing out on the first attempt to buy the original printed copy of the United States Constitution, ConstitutionDAO is set to make another attempt in the coming days.

The piece of legislation will be auctioned on December 13 by Sotheby’s (an NFT marketplace)

Making Another Go For The US Constitution

Last year, the crypto community was left in a state of shock following ConstitutionDAO’s ambitious fundraising of close to $47 million to purchase the first-ever printed version of the Constitution of the United States. It, however, lost the bid to the CEO of Citadel, Ken Griffin.

The DAO platform made a $40 million bid during the auction, which is why Griffin placed $43.2 million, ultimately making him the historical document winner.

After the previous event, coupled with the experience from its first attempt, a core member of ConstitutionDAO has rebranded the platform to ConstitutionDAO2. With the new name, the platform consists of 13 decentralized autonomous organizations (DAOs), which include Juicebox, PeopleDAO, and Aztec Network.

Furthermore, early in November, Sotheby’s announced the new auction date to sell the last printed version of the US Constitution to private entities. The scheduled date is December 13.

According to the DAO2 platform, it would develop a private multisig to hide its fundraising move, unlike before. Donors can choose whether to donate publicly through Juicebox or other private networks.

Should ConstitutionDAO2 win the latest auction, all participating donors will earn voting rights and have a say on how the Constitution is used. Meanwhile, if the DAO loses the auction again, it will return the donors’ funds for reimbursement over a specified period.

Has ConstitutionDAO Served its Purpose?

ConstitutionDAO, also known as PEOPLE, has divided opinions in the crypto industry. Many see it as a failed project.

For some, it is a digital asset that will never die, even if the purpose for which it was established is long gone. However, the PEOPLE is relevant in the crypto space considering its latest move to purchase the printed official document of the United States.

It was founded in November 2021, following the auction house Sotheby’s move to auction off the first printed copy of the US Constitution. Since 1787, there have only been 13 original copies of the historical legislative document.

After losing the last auction, the DAO fizzled out but made a shocking comeback in January 2022. Time will tell whether the PEOPLE will fizzle out after the next auction or if it will remain relevant.


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UK Extends Crypto Tax Break for Investment Managers in Financial Reforms

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UK Extends Crypto Tax Break for Investment Managers in Financial Reforms


In a package of financial services reforms unveiled today, setting out how to replace European Union banking and financial-market laws, the Treasury said it would extend an existing tax break, which allows investors to use a U.K.-based manager without drawing extra tax liability, to the crypto sector. The change will be made via regulations this year.


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Turkey has an obsession with crypto — specifically Dogecoin: Study

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Turkey has an obsession with crypto — specifically Dogecoin: Study


The crypto market slump doesn’t mean interest in crypto is also down. A new study from the cryptocurrency education platform CryptoManiaks revealed that many countries are still scouring the internet, hungry for crypto-related information.

According to the study, the Netherlands and Turkey take the top two spots, with 8.2% and 5.5% of the population, respectively, searching for crypto-related terms. Turkey particularly accounted for 4.7 million searches, leading the searches with sheer numbers.

The study analyzed the combined number of searches for a select set of popular cryptocurrencies into a percentage of the population for each country in order to calculate the percentage of locals searching each month.

While it was in second for overall searches, Turkey came in first place for searches related to the memecoin Dogecoin (DOGE), with 812,000 monthly searches. This is nearly double that of Ethereum (ETH), the country’s third most searched crypto.

A spokesperson from CryptoManiaks commented on the DOGE curiosity, particularly over the last 12 month:

“Dogecoin’s popularity has surpassed that of Ethereum in a significant number of countries, with nearly 2 million more monthly searches worldwide for the coin.”

The cryptocurrency DOGE has remained a popular digital asset and crypto cultural phenomenon after it was adopted as the poster crypto for internet icon Elon Musk.

Some of the cryptocurrencies included in the search terms were Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB), among others. 

Following the Netherlands and Turkey in the ranks were Germany, Canda and the Czech Republic.

Related: DeFi sparks new investments despite turbulent market: Finance Redefined

While the United States and the United Kingdom are major players in the global cryptocurrency industry, neither ranked in the top spots due to the number of searches equivalent to their population sizes. The U.S. ranked 15th with 1.9% of the population searching for these terms, while the U.K. takes the 12th spot with 2.6%.

Recent research from Cointelegraph also revealed that despite market conditions, major institutions still remain interested in the industry and continue to pour millions into crypto-related projects.


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