The studio will use the funds to launch its Blankos Block Party open-world multiplayer game, as well as its platform to create games with NFTs. Game tech studio Mythical Games has raised USD 150m at a USD 1.25bn valuation, per VentureBeat.This is a 42% increase compared to September 30th this year. Galaxy Digital Asset Management reported preliminary assets under management of USD 3.15bn as of October 31st, 2021.Their total earnings before interest, taxes, depreciation (EBITDA) was GBP 88.8m (USD 119.9m), while their total assets under management reached GBP 2.9bn (USD 3.92bn). Digital asset manager CoinShares announced a total comprehensive income of GBP 84.9m (USD 114.7m) in 2021 by the end of Q3, for a 361% increase compared to the entirety of 2020.The letter questioned why the SEC is comfortable with allowing a derivatives-based bitcoin ETF but not a bitcoin spot ETF, writing that bitcoin spot ETFs are based directly on the asset and offer investors more protection than one based on derivatives. US Congressmen Tom Emmer and Darren Soto advocated for the trading of bitcoin spot exchange-traded funds ( ETFs) in a letter to US Securities and Exchange Commission (SEC) Chairman Gary Gensler."While BTC loans increased overall, relative weighting continued to decline as demand reacted to the narrowing basis and the discount," the firm said. Also, their loan book composition continued adjustments initiated in Q1, with bitcoin (BTC) still losing its share. Digital currency prime brokerage Genesis said that its Q3 loan originations reached USD 35.7bn, up over 586% year-on-year and 40% vs Q2 2021.Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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