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Entity is a cross-chain growth engine that makes it easy for Web3 projects and their communities to seamlessly grow across multiple ecosystems. With its Surge, Terminal, Bridge Aggregator, and Cross-Chain SWAP modules, Entity is the unifying solution that drives cross-chain growth every step of the way.
BitGo's Korean Entity Completes VASP Registration, Becomes First Overseas Crypto Enterprise to Directly Obtain a License
According to Yonhap News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity, BitGo Korea, had its VASP (Virtual Asset Service Provider) registration application accepted by the Korea Financial Intelligence Unit (FIU) on August 18, becoming the first overseas crypto corporate entity to directly complete VASP registration in Korea to date. Established in 2024, BitGo Korea chose to enter the market by directly complying with regulatory requirements this time, rather than adopting the common industry practice of acquiring existing VASP companies. Moving forward, it will officially launch virtual asset custody (Custody) and transfer services in Korea based on this foundation, focusing on expanding business to financial institutions and corporate clients.
CFTC Issues Proposed Rule on Regulated Entity Affiliate Relationships, Open for Public Comment for 60 Days
According to the announcement on the CFTC official website, the U.S. Commodity Futures Trading Commission (CFTC) issued a Notice of Proposed Rulemaking (NPRM) on July 30 to solicit public comments on amendments to Parts 37, 38, and 39 of the regulations and sections 1.52 and 1.55, with a comment period of 60 days after publication in the Federal Register. This revision targets the increasingly common affiliations among CFTC-regulated entities, covering market participants including Derivative Clearing Organizations, Designated Contract Markets, Swap Execution Facilities, Futures Commission Merchants, and market makers, with a focus on resolving potential conflicts of interest within vertically integrated market structures. CFTC Chairman Michael S. Selig stated that the proposed rule will establish a principles-based regulatory framework for vertically integrated market structures, maintaining market integrity while avoiding stifling innovative market structures or imposing excessive compliance burdens on registered entities.
U.S. House of Representatives Plans to Impose Sanctions on Chinese and Russian Entities That Improperly Replicate U.S. AI Models
According to Bloomberg, Republican members of the U.S. House of Representatives are advancing a bill that would require the U.S. government to identify Chinese and Russian entities that extract outputs from leading U.S. AI models through improper queries and copying techniques—and then use those outputs to develop competing systems—and to consider imposing sanctions on them. As outlined in the draft bill reviewed, proposed measures include adding violators to the U.S. Department of Commerce’s Entity List and pursuing sanctions under the President’s emergency economic powers granted by the International Emergency Economic Powers Act of 1977.
CFTC Issues Proposed Rule on Regulated Entity Affiliate Relationships, Open for Public Comment for 60 Days
According to the announcement on the CFTC official website, the U.S. Commodity Futures Trading Commission (CFTC) issued a Notice of Proposed Rulemaking (NPRM) on July 30 to solicit public comments on amendments to Parts 37, 38, and 39 of the regulations and sections 1.52 and 1.55, with a comment period of 60 days after publication in the Federal Register. This revision targets the increasingly common affiliations among CFTC-regulated entities, covering market participants including Derivative Clearing Organizations, Designated Contract Markets, Swap Execution Facilities, Futures Commission Merchants, and market makers, with a focus on resolving potential conflicts of interest within vertically integrated market structures. CFTC Chairman Michael S. Selig stated that the proposed rule will establish a principles-based regulatory framework for vertically integrated market structures, maintaining market integrity while avoiding stifling innovative market structures or imposing excessive compliance burdens on registered entities.
U.S. Treasury Secretary: If Chinese Companies Engage in Refinement Attacks to Steal Intellectual Property, Sanctions and Entity List Designation Will Be Considered
Treasury Secretary Scott Bessent posted on the X platform, expressing support for open-source AI and the innovation it brings, but emphasized that open-source is not an excuse for arbitrarily infringing upon U.S. intellectual property rights. If Chinese companies conduct covert, industrial-scale refinement attacks that cross the line into intellectual property theft, consideration will be given to imposing sanctions and placing them on the entity list.
Uniswap Founder Clarifies: Project Was Not Incubated by the Ethereum Foundation, but Is an Independent, Externally Funded Entity
Uniswap founder Hayden Adams posted that he is deeply grateful for the long-standing funding and multifaceted support provided by the Ethereum Foundation (EF), but he specifically clarified that Uniswap was not incubated by the EF; rather, he participated as an external grant recipient with close personal ties to the EF. Previously, EF Chair Aya Miyaguchi and co-founder Vitalik Buterin publicly shared their views on the EF’s future direction. Miyaguchi noted that one reason for proposing the EF’s mission framework at the end of last year was the growing deviation in technical discussions.
Related news
BitGo's Korean Entity Completes VASP Registration, Becomes First Overseas Crypto Enterprise to Directly Obtain a License
According to Yonhap News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity, BitGo Korea, had its VASP (Virtual Asset Service Provider) registration application accepted by the Korea Financial Intelligence Unit (FIU) on August 18, becoming the first overseas crypto corporate entity to directly complete VASP registration in Korea to date. Established in 2024, BitGo Korea chose to enter the market by directly complying with regulatory requirements this time, rather than adopting the common industry practice of acquiring existing VASP companies. Moving forward, it will officially launch virtual asset custody (Custody) and transfer services in Korea based on this foundation, focusing on expanding business to financial institutions and corporate clients.
Binance-Affiliated Entity Sues RedotPay, Claiming $472.8 Million
According to Bloomberg, Binance-affiliated entities Nest Trading, DistributedTechnologies, and Chaintecs Consulting Singapore have sued relevant persons in charge of RedotPay in Hong Kong, alleging breach of agreement for diverting more than 470,000 users from Binance Card to RedotPay, and seeking $472.8 million in damages.
CFTC Issues Proposed Rule on Regulated Entity Affiliate Relationships, Open for Public Comment for 60 Days
According to the announcement on the CFTC official website, the U.S. Commodity Futures Trading Commission (CFTC) issued a Notice of Proposed Rulemaking (NPRM) on July 30 to solicit public comments on amendments to Parts 37, 38, and 39 of the regulations and sections 1.52 and 1.55, with a comment period of 60 days after publication in the Federal Register. This revision targets the increasingly common affiliations among CFTC-regulated entities, covering market participants including Derivative Clearing Organizations, Designated Contract Markets, Swap Execution Facilities, Futures Commission Merchants, and market makers, with a focus on resolving potential conflicts of interest within vertically integrated market structures. CFTC Chairman Michael S. Selig stated that the proposed rule will establish a principles-based regulatory framework for vertically integrated market structures, maintaining market integrity while avoiding stifling innovative market structures or imposing excessive compliance burdens on registered entities.
Bubblemaps: PIPEDOG Holdings Highly Concentrated, Single Entity Controls 50% of Supply
On-chain analysis platform Bubblemaps stated that PIPEDOG's trading activity has surged rapidly in recent days, with trading volume once exceeding the popular meme coin $CASHCAT in the Robinhood ecosystem, and briefly surpassing it in market cap.
U.S. Treasury Secretary: If Chinese Companies Engage in Refinement Attacks to Steal Intellectual Property, Sanctions and Entity List Designation Will Be Considered
Treasury Secretary Scott Bessent posted on the X platform, expressing support for open-source AI and the innovation it brings, but emphasized that open-source is not an excuse for arbitrarily infringing upon U.S. intellectual property rights. If Chinese companies conduct covert, industrial-scale refinement attacks that cross the line into intellectual property theft, consideration will be given to imposing sanctions and placing them on the entity list.
Sources: PC Brands Rush to Lock in ChangXin Memory Supply, Orders Booked Through End of 2027
According to DIGITIMES, PC supply chain sources stated that PC brands are accelerating efforts to secure CXMT memory supply, with related orders reportedly extended until the end of 2027. Additionally, the U.S. side once planned to list CXMT on the Entity List, but ultimately did not officially announce it.