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Project Overview
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.
Operating Entity Behind XiaoYi Pay CoolCash Has License Revoked by Cambodia's Central Bank Over Prince Group Case
According to the China-Cambodia Times, the National Bank of Cambodia has announced the revocation of the payment license held by Tian Xu International Technology Plc., the operating entity for the payment platform CoolCash (Xiao Yi Pay). The license was issued on May 27, 2024, and was originally valid until 2030.
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.
Garrett Jin Whale Entity Closes $112 Million Bitcoin Long Position for $8.38 Million Profit, Then Opens 500 BTC Short
According to on-chain analyst Yu Jin, the Garrett Jin whale entity closed a Bitcoin long position worth $112 million at a price of $84,455 yesterday, realizing a profit of $8.38 million. In the early hours of today, it flipped to a short position, opening a 500 BTC short at a price of $85,994, worth $43.31 million.
3-Day Hold Yields $8.38 Million Profit, Garrett Jin Whale Entity Closes 1,333 BTC Long Position
Odaily News: According to on-chain analyst Yu Jin's monitoring, the Garrett Jin whale entity (0x92ea...50e9) closed a 1,333 BTC long position opened 3 days ago at $78,057, worth $112 million, 20 minutes ago. The closing price was $84,455, resulting in a profit of $8.38 million. This entity previously closed a ZEC short position early this morning. It currently has no positions on Hyperliquid, and the on-chain address still holds BTC, ETH, ZEC, and other spot assets.
Garrett Jin Whale Entity Sells 35,000 ETH Worth $87.5 Million, ZEC Short Liquidation Price Rises to $4,738
Odaily News: According to on-chain analyst Yu Jin's monitoring, the 35,000 ETH that Garrett Jin whale entity (0x92ea...050e) withdrew from Binance last night has been fully sold 10 minutes ago at a price of $2,500, worth $87.5 million. After selling the ETH, the entity added partial margin to its ZEC short position, raising the liquidation price from $2,631 to $4,738; the short position is currently showing an unrealized loss of $30 million.
ZEC Short Position Shows $30 Million Unrealized Loss, 35,000 ETH Withdrawn by Garrett Jin Whale Entity Not Yet Moved
Odaily News: According to on-chain analyst Ember Monitoring, Zcash has been rising by over $100 per day for several consecutive days, reaching a high of $1,500 in the early hours of today. The ZEC short position held by the Garrett Jin whale entity (0x92ea...50e9) currently shows an unrealized loss of $30 million. The 35,000 ETH, worth $85.11 million, that this entity withdrew from Binance last night has not yet been transferred.
[Garrett Jin Whale Entity] Adds to ZEC Shorts at Highs, Unrealized Losses Reach $24 Million
According to data monitored by on-chain analyst Ember (@EmberCN), the [Garrett Jin whale entity] added 7,000 ZEC (approx. $8.4 million) in short positions against the trend as the ZEC price climbed to $1,195, expanding its total short position to 39,760 ZEC (approx. $47 million). This lifted the average short entry price from $444 to $576.3, leaving an overall unrealized loss of approximately $24 million. This entity initially opened a 32,760 ZEC short at $444 in early July, when the ZEC price was under $400, whereas it has since surpassed $1,200, marking a gain of over 200% in three months and keeping the short position under continuous pressure.
Garrett Jin Whale Entity Shorts ZEC With $25.7M Unrealized Loss
According to on-chain analyst Ember (@EmberCN), ZEC’s price broke past $1,200, causing the Garrett Jin whale entity to suffer heavy losses. The entity opened short positions at an average price of $444 for 32,760 ZEC in early July. As ZEC surged from $400 to over $1,200 within three months, its unrealized loss has reached $25.7 million. Additionally, the entity holds long positions worth $107 million in BTC. Although it has an unrealized profit of $4.42 million, it has already paid cumulative funding fees totaling $2.05 million.
Operating Entity Behind XiaoYi Pay CoolCash Has License Revoked by Cambodia's Central Bank Over Prince Group Case
According to the China-Cambodia Times, the National Bank of Cambodia has announced the revocation of the payment license held by Tian Xu International Technology Plc., the operating entity for the payment platform CoolCash (Xiao Yi Pay). The license was issued on May 27, 2024, and was originally valid until 2030.
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
Garrett Jin Whale Entity Closes $112 Million Bitcoin Long Position for $8.38 Million Profit, Then Opens 500 BTC Short
According to on-chain analyst Yu Jin, the Garrett Jin whale entity closed a Bitcoin long position worth $112 million at a price of $84,455 yesterday, realizing a profit of $8.38 million. In the early hours of today, it flipped to a short position, opening a 500 BTC short at a price of $85,994, worth $43.31 million.
3-Day Hold Yields $8.38 Million Profit, Garrett Jin Whale Entity Closes 1,333 BTC Long Position
Odaily News: According to on-chain analyst Yu Jin's monitoring, the Garrett Jin whale entity (0x92ea...50e9) closed a 1,333 BTC long position opened 3 days ago at $78,057, worth $112 million, 20 minutes ago. The closing price was $84,455, resulting in a profit of $8.38 million. This entity previously closed a ZEC short position early this morning. It currently has no positions on Hyperliquid, and the on-chain address still holds BTC, ETH, ZEC, and other spot assets.
Garrett Jin Whale Entity Sells 35,000 ETH Worth $87.5 Million, ZEC Short Liquidation Price Rises to $4,738
Odaily News: According to on-chain analyst Yu Jin's monitoring, the 35,000 ETH that Garrett Jin whale entity (0x92ea...050e) withdrew from Binance last night has been fully sold 10 minutes ago at a price of $2,500, worth $87.5 million. After selling the ETH, the entity added partial margin to its ZEC short position, raising the liquidation price from $2,631 to $4,738; the short position is currently showing an unrealized loss of $30 million.
ZEC Short Position Shows $30 Million Unrealized Loss, 35,000 ETH Withdrawn by Garrett Jin Whale Entity Not Yet Moved
Odaily News: According to on-chain analyst Ember Monitoring, Zcash has been rising by over $100 per day for several consecutive days, reaching a high of $1,500 in the early hours of today. The ZEC short position held by the Garrett Jin whale entity (0x92ea...50e9) currently shows an unrealized loss of $30 million. The 35,000 ETH, worth $85.11 million, that this entity withdrew from Binance last night has not yet been transferred.
Operating Entity Behind XiaoYi Pay CoolCash Has License Revoked by Cambodia's Central Bank Over Prince Group Case
According to the China-Cambodia Times, the National Bank of Cambodia has announced the revocation of the payment license held by Tian Xu International Technology Plc., the operating entity for the payment platform CoolCash (Xiao Yi Pay). The license was issued on May 27, 2024, and was originally valid until 2030.
[Garrett Jin Whale Entity] Adds to ZEC Shorts at Highs, Unrealized Losses Reach $24 Million
According to data monitored by on-chain analyst Ember (@EmberCN), the [Garrett Jin whale entity] added 7,000 ZEC (approx. $8.4 million) in short positions against the trend as the ZEC price climbed to $1,195, expanding its total short position to 39,760 ZEC (approx. $47 million). This lifted the average short entry price from $444 to $576.3, leaving an overall unrealized loss of approximately $24 million. This entity initially opened a 32,760 ZEC short at $444 in early July, when the ZEC price was under $400, whereas it has since surpassed $1,200, marking a gain of over 200% in three months and keeping the short position under continuous pressure.