Community News:

1. BAYC: Well-known e-sports player Mongraal won the "Monkey Jimmy Key"

Bored Ape Yacht Club (BAYC) announced on Twitter that @Mongraa, a well-known esports player and streamer, has won the "Jimmy the Monkey Key" in the game Dookey Dash. All Sewer Pass holders can now refresh the metadata on their pass to view the final score.

2. Binance Academy and Bahrain School of Banking and Finance signed an agreement to focus on intensive courses and other projects

According to Binance MENA’s Twitter account, Binance Academy and the Bahrain Institute of Banking and Finance signed an agreement to carry out research and educational activities in the fields of blockchain, digital assets and web 3.0. The agreement will focus on intensive online courses, seminars and social events, joint research projects, etc.

Industry News:

1. Crypto index startup Alongside completes $11 million in financing, led by a16z

Crypto index platform Alongside has completed a $11 million seed round of financing, led by a16z. In January this year, Alongside launched its first product, Alongside Crypto Market Index (AMKT), allowing people to have extensive access to the entire crypto asset market through a single token. (TechCrunch)

Policies and Regulations:

1. US SEC proposal may prohibit investment advisors from custodial assets in crypto companies

The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would require registered investment advisers to store digital assets outside of the cryptocurrency industry. (CoinDesk)

2. EU opens blockchain regulatory sandbox applications

The EU is opening applications for its blockchain regulatory sandbox, which aims to facilitate cross-border dialogue between regulators on the one hand and between companies or public authorities on the other. (CoinDesk)

3. South Korean regulators plan to investigate local exchanges’ crypto staking services

South Korea’s financial regulator is planning to review cryptocurrency staking services on local exchanges following the U.S. SEC’s recent crackdown on crypto staking services. (Forkast)

4. ECB: Banks should set a limit on Bitcoin holdings

The European Central Bank said that EU banks should start setting limits on Bitcoin holdings before global regulations developed by the Basel Committee on Banking Supervision (BCBS) come into effect. The ECB said that although cryptocurrencies have not yet had a significant impact on EU banks, banks should treat these assets as risky assets and limit their holdings immediately. (CoinDesk)