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Project Overview
Threshold Network is a tool to enable users to keep their information and digital assets private when using a public blockchain. NuCypher and Keep, two networks in the same space, have launched the first-ever on-chain merger of two decentralized networks with the shared goal of safeguarding users' sovereignty on public blockchain networks using Threshold cryptography. Keep networks' infrastructure and NuCypher's privacy capabilities will ensure users can keep their digital assets secure and private.
Korean Crypto Industry Opposes New AML Rules: Cross-Border Transfer Reporting Threshold May Trigger Compliance Pressure
: South Korea's crypto industry has expressed strong concerns over proposed amendments to anti-money laundering (AML) regulations, arguing that the rules could impose excessive compliance burdens on Virtual Asset Service Providers (VASPs).According to Yonhap News Agency, the Digital Asset eXchange Alliance (DAXA), representing 27 VASPs including Upbit, Bithumb, Coinone, Korbit, and Gopax, submitted comments opposing the classification of all overseas virtual asset transfers exceeding 10 million won (approximately $6,800) as suspicious transaction reports.DAXA warned that this rule could cause the number of suspicious transaction reports from South Korea's top five exchanges to skyrocket from approximately 63,000 last year to over 5.4 million—an increase of about 85 times—severely impacting the efficiency of actual compliance execution. Furthermore, the industry also opposes a new obligation requiring exchanges to verify the accuracy of customer information, arguing it exceeds the scope of current legal authorization.South Korea's Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) proposed the relevant amendments on March 30, which have now entered a public comment period, with final deliberation expected to be completed in July.Meanwhile, legal disputes between Korean exchanges and regulators over AML penalties continue. Multiple platforms are challenging previous business restrictions and fines through the courts, reflecting an escalating tension between regulatory tightening and the industry's execution capabilities. (Cointelegraph)
Kraken Urges U.S. Congress to Enact Minimum Threshold Tax Exemption for Crypto and Allow Timing Election for Staking Rewards Taxation
TechFlow News, April 22: According to CoinDesk, Kraken stated that it has filed 56 million cryptocurrency transaction tax forms with the U.S. Internal Revenue Service (IRS) for the 2025 tax year. Of these, approximately 18.5 million forms report transactions under $1, 74% report amounts under $50, and only 8.5% exceed $600. Kraken noted that the absence of a de minimis exemption threshold for cryptocurrency payments—and the current treatment of staking rewards as ordinary income upon receipt—are imposing a significant reporting burden on investors. Kraken is urging the U.S. Congress to enact broader, inflation-indexed de minimis exemption rules and to allow taxpayers to elect whether staking rewards are taxed upon receipt or upon sale.
U.S. SEC and CFTC Propose Tightening Hedge Fund Reporting Requirements, Raising Form PF Filing Threshold to $1 Billion
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed scaling back hedge fund reporting requirements—specifically, eliminating reporting obligations for smaller advisers and raising the Form PF reporting threshold for private fund managers’ assets under management from $150 million to $1 billion. The two regulatory agencies stated that data collected via Form PF would be used confidentially for examinations and investigations of private fund advisers.
Polkadot OpenGov Initiates a Referendum on the Validator Minimum Self-Stake Threshold of 10,000 DOT
Polkadot OpenGov is currently voting on a major staking architecture overhaul. Referendum #1890 proposes that Polkadot validators must self-stake a minimum of 10,000 DOT using their own funds. This reform is viewed as a mandatory prerequisite for the next major staking upgrade, which includes eliminating slashing risk for nominators and reducing the unbonding period from approximately 28 days to roughly 24–48 hours. Under the proposal’s logic, validators will directly bear slashing risk via higher self-staking, while nominators can continue earning staking rewards without risking principal slashing.
Binance Alpha: BR Airdrop Claim Threshold Set at 241 Points, Claiming Will Consume 15 Points
Bedrock (BR) is now listed on Binance Alpha. Users holding at least 241 Binance Alpha points can claim an airdrop of 225 BR tokens on a first-come, first-served basis.If the reward pool is not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes. It is important to note that claiming the airdrop will consume 15 Binance Alpha points, and users must confirm their claim on the Alpha activity page within 24 hours, or the airdrop will be forfeited.
Binance: ShareX (SHARE) Airdrop Threshold Set at 230 Alpha Points
Binance Alpha will list ShareX (SHARE), with trading officially commencing at 10:00 (UTC) on May 8, 2026. Users holding at least 230 Binance Alpha Points will be eligible to claim an airdrop of 40 SHARE tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha activity page within 24 hours, otherwise they will be deemed to have forfeited the airdrop.
Korean Crypto Industry Opposes New AML Rules: Cross-Border Transfer Reporting Threshold May Trigger Compliance Pressure
: South Korea's crypto industry has expressed strong concerns over proposed amendments to anti-money laundering (AML) regulations, arguing that the rules could impose excessive compliance burdens on Virtual Asset Service Providers (VASPs).According to Yonhap News Agency, the Digital Asset eXchange Alliance (DAXA), representing 27 VASPs including Upbit, Bithumb, Coinone, Korbit, and Gopax, submitted comments opposing the classification of all overseas virtual asset transfers exceeding 10 million won (approximately $6,800) as suspicious transaction reports.DAXA warned that this rule could cause the number of suspicious transaction reports from South Korea's top five exchanges to skyrocket from approximately 63,000 last year to over 5.4 million—an increase of about 85 times—severely impacting the efficiency of actual compliance execution. Furthermore, the industry also opposes a new obligation requiring exchanges to verify the accuracy of customer information, arguing it exceeds the scope of current legal authorization.South Korea's Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) proposed the relevant amendments on March 30, which have now entered a public comment period, with final deliberation expected to be completed in July.Meanwhile, legal disputes between Korean exchanges and regulators over AML penalties continue. Multiple platforms are challenging previous business restrictions and fines through the courts, reflecting an escalating tension between regulatory tightening and the industry's execution capabilities. (Cointelegraph)
Binance Alpha: AIGENSYN Airdrop Claim Threshold Set at 227 Points, Claiming Will Consume 15 Points
Binance Alpha will debut Gensyn (AIGENSYN) at 17:00 on April 29 (UTC+8) and open trading. Users holding at least 227 Binance Alpha points can claim 715 AIGENSYN airdrop tokens on the activity page, on a first-come, first-served basis. If the event is not yet over, the points threshold will automatically decrease by 5 points every 5 minutes.Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim within 24 hours, or it will be considered forfeited. Only limit orders are supported for the first two hours of trading, after which market orders will be enabled.
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Coinbase Tax VP: Should Set Capital Gains Tax Exemption Threshold for Small Daily Bitcoin Transactions
Lawrence Zlatkin, Vice President of Tax at Coinbase, has proposed to U.S. lawmakers the establishment of a de minimis capital gains tax exemption threshold for small daily Bitcoin transactions, stating that "Americans shouldn't need to hire an accountant just to buy a pair of jeans with BTC." (Bitcoin Magazine)
Bitget Wallet Opens SpaceX Tokenized IPO Subscription—$10 Minimum Investment, No Threshold
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.
Binance Alpha Launches Second Wave of KGeN (KGEN) Airdrop Rewards with a Threshold of 241 Points
Binance Alpha has announced the launch of the second wave of KGeN (KGEN) airdrop rewards. Users with at least 241 Binance Alpha points can claim 160 KGEN tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the score threshold will automatically decrease by 5 points every 5 minutes.Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha Events page within 24 hours; otherwise, they will be considered to have forfeited the airdrop.
Polkadot OpenGov Initiates a Referendum on the Validator Minimum Self-Stake Threshold of 10,000 DOT
Polkadot OpenGov is currently voting on a major staking architecture overhaul. Referendum #1890 proposes that Polkadot validators must self-stake a minimum of 10,000 DOT using their own funds. This reform is viewed as a mandatory prerequisite for the next major staking upgrade, which includes eliminating slashing risk for nominators and reducing the unbonding period from approximately 28 days to roughly 24–48 hours. Under the proposal’s logic, validators will directly bear slashing risk via higher self-staking, while nominators can continue earning staking rewards without risking principal slashing.
Binance Alpha Distributes Second Wave of ETHGas (GWEI) Airdrop, Threshold at 230 Points
that, according to an official announcement, Binance Alpha has distributed the second wave of ETHGas (GWEI) airdrops, with a threshold of 230 points.Users holding at least 230 Alpha points are eligible to claim the token airdrop. On the Alpha activity page, they can claim an airdrop of 250 GWEI tokens. If rewards are not fully claimed, the points threshold will automatically decrease by 5 points every 5 minutes.
Threshold Network: Successfully Thwarted Attempt to Maliciously Mint tBTC
Threshold Network posted on platform X, stating that on May 18, 2026, a malicious attacker attempted to mint tBTC without depositing the underlying Bitcoin. The attempt was unsuccessful; no invalid tBTC was issued, and user funds were not at risk.As a precautionary measure against high-frequency malicious activity in the broader crypto ecosystem, Optimistic Minting has been temporarily suspended. Currently, minting operations are conducted through the liquidation mechanism, with typical minting times increasing from approximately 1.5 hours to around 6 to 7 hours.