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US Luxury Penthouse Sells for Record-Breaking $22.5M in Crypto

As per confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.

Updated Sep 14, 2021, 1:07 p.m. Published Jun 8, 2021, 4:13 a.m.
Miami Beach
Miami Beach

An anonymous buyer has snatched up a multi-million dollar penthouse in Miami Beach, Fla., smashing world records for the most expensive real estate purchase ever paid in cryptocurrency.

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According to a report by Forbes on Monday evening, the purchase was conducted on May 27. The sale price also represents the most a Miami Beach property has sold per square foot, at $4,440.50/SF.

Because of confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.

See also: TechCrunch Founder’s Apartment to Be Sold as NFT

The full-floor penthouse, located on the 9th floor, boasts four bedrooms, four bathrooms and a 2,960-square-foot terrace with oceanfront views. The exclusive boutique condo was designed by Italian architect and industrial designer Antonio Citterio.

The deal closed in less than 10 days, setting a separate record for finalizing a deal for both buyer and seller, Forbes reported.

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

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  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.