Polkadot Active Addresses Hit Record High for Two Consecutive Months | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Canadian regulators fined Binance C$6 million ($4.3 million) for committing two violations of Canada's financial regulations.

2. Cryptocurrency Trends:

• U.S. Bancorp and Rothschild Co. disclose spot Bitcoin ETF purchases of roughly $20 million.
• Polkadot active addresses hit a record high for two consecutive months.
• BlockFi, a crypto lending platform, announces that it has engaged with Coinbase as BlockFi's distribution partner to ensure the continuity of crypto withdrawals for eligible BlockFi interest accounts (BIA), retail loans, and private clients.
• Bitcoin Magazine reports that according to 13F filings with the U.S. SEC, insurance giant MassMutual has an undisclosed exposure to Bitcoin ETFs.
• Elizabeth Stark, CEO of Lightning Labs, mentions during FT Live's Crypto and Digital Assets Summit in London that Bitcoin's network is perhaps best placed to facilitate the use of stablecoins, especially as countries grapple with inflation and devaluing currencies.

3. Financing Trends:

• Arch, a native Bitcoin application platform, raises $7 million in seed round funding led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, and Tangent.
• AgriDex, a tokenization platform in the Solana ecosystem, raises $5 million in a funding round led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive Hank Oberoi.
• Arcium, a zero-knowledge privacy protocol in the Solana ecosystem, raises $5.5 million in strategic funding.
• UXUY raises $7 million in pre-series A funding, with participation from Binance Labs, Bitcoin Magazine, and others.
• Gnosis, an Ethereum sidechain, announces a strategic partnership with digital wallet developer Zeal, aimed at exploring easy solutions for daily self-custodied crypto transactions, akin to using cash.
• Seeds Labs, a Web3 game developer, raises $12 million in seed round funding with participation from Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote.

4. Regulatory Trends:

• Harvest Global Investments has established a strategic partnership with Singaporean fintech company MetaComp. The partnership will enable MetaComp to offer Harvest's spot crypto ETFs to Singaporean investors through its asset management platform Camp, according to the Financial Times.
• According to Pang Baolin, a Hong Kong Securities and Futures Commission licensee, the market expects Hong Kong to promote interoperability for virtual asset trading, security token offerings (STOs), and other initiatives. The Hong Kong Monetary Authority has studied the tokenization of deposits for interbank settlement and clearing through sandboxes, preparing for the future digitalization of the Hong Kong dollar and stablecoins for payment testing, and making full preparations for innovative financial market infrastructure and future digitalization.