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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.
Analyst Willy Woo: Bitcoin Holding Rate May Become the Key Threshold for the "Separation of Currency and the State"
According to on-chain analyst Willy Woo (@willywoo), approximately 5% of the global population currently holds BTC, surpassing the 4.5% who hold gold and the 4% who hold the S&P 500. Woo noted that if BTC adoption remains at 5%, it is merely a conventional financial asset; however, if it rises to 50%, it could enable a separation between currency and the state.
DeepSeek's Second Round of Financing: First Batch of Signings Today, with a 5 Billion RMB Minimum Investment Threshold
Odaily News: DeepSeek's main entity, DeepSeek, is currently conducting a second round of financing totaling 50 billion RMB, with the first batch of signings expected to take place in Hangzhou as early as August 10. The target valuation for this round is 500 billion RMB. DeepSeek has already agreed on delivery timelines with some prospective investors, with the earliest deadline set for August 30.This round of financing has a minimum investment threshold of 5 billion RMB. The funds will primarily be allocated to computing power investments, model research, workforce expansion, and potential preparation for a domestic listing. The capital will flow through two channels: some will go directly into DeepSeek's main entity, while the rest will go into a limited partnership controlled by founder Liang Wenfeng.Earlier, DeepSeek briefly paused financing discussions at the end of July before resuming them in early August. (IPO Early Know)
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.
Italy's Central Bank Requires Crypto Asset Service Providers to Review Every Transaction, With No Minimum Amount Threshold
Odaily reports: The Bank of Italy (Banca d'Italia) has issued a notice requiring payment service providers (PSPs) and crypto asset service providers (CASPs) to continuously review financial transactions using procedures related to the Travel Rule, with no minimum amount threshold.Relevant institutions must verify the names of the originator and beneficiary when establishing a customer relationship, when the EU Council makes a decision, and at the time of each transaction, and cross-check them against lists of sanctioned individuals and entities. Automated systems must not set a minimum amount threshold that limits transaction review, and transfer delays may be accepted when necessary to strengthen sanctions screening. (Bitcoin.com News)
SEC Proposes New Crypto Regulations, Sets Token Issuance Exemption Threshold
The U.S. SEC proposed new crypto regulations after the CLARITY Act was stalled, providing a safe harbor for token issuance and an exemption threshold of up to $75 million.
South Korea Strengthens Crypto Asset Regulation: Expands Scope of Major Shareholder Review, Abolishes Million Threshold for Travel Rule
The South Korean State Council approved the Amendment to the Enforcement Decree of the Specific Financial Information Act, expanding the crypto asset Travel Rule from currently applying only to transfers above 1 million KRW to all transfers to prevent splitting transactions to evade regulation. The new regulations also tighten VASP admission, expand the scope of major shareholder review, and add new financial requirements such as a debt ratio not exceeding 200%; transfers with overseas exchanges and personal wallets will be managed differentially according to risk levels, and high-risk transactions may be prohibited. The Travel Rule and related regulations will be implemented six months after publication.
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.
Research: Stablecoin De-Pegging May Have a "Critical Threshold," Severe Narrative Shocks Can Trigger Panic Selling
The Institute of Financial Technology at Renmin University of China published a translated overview of stablecoin research from the Journal of International Money and Finance. The related research employs large language model (LLM) agents to analyze stablecoin de-pegging risks, indicating that de-pegging exhibits distinct nonlinear and threshold characteristics. Arbitrage mechanisms can absorb a certain degree of informational pressure, but once narrative severity reaches a "critical threshold," the system may rapidly enter a sustained de-pegging state.
Analyst Willy Woo: Bitcoin Holding Rate May Become the Key Threshold for the "Separation of Currency and the State"
According to on-chain analyst Willy Woo (@willywoo), approximately 5% of the global population currently holds BTC, surpassing the 4.5% who hold gold and the 4% who hold the S&P 500. Woo noted that if BTC adoption remains at 5%, it is merely a conventional financial asset; however, if it rises to 50%, it could enable a separation between currency and the state.
Whales Assemble, Ultimate Showdown: Bybit Dual Currency Investment Challenge Season 7 Kicks Off, Winners Can Exclusively Enjoy Up to 2900 USDT
During the event, users who register and trade Bybit Wealth Management Dual Investment products can compete on the leaderboard for generous rewards. Users whose trading volume reaches the "Whale Threshold" can also unlock extra "Critical Hit Rewards," up to 2,500 USDT.
Bybit Dual Investment Bi-Weekly Challenge Round 6 Kicks Off, "Whales" Can Win Top Prize of 2900 USDT
It is reported that Phase 6 of the Bybit Dual Investment Bi-weekly Challenge, featuring new reward mechanisms, will launch at 6 PM on July 27, and the event will last for two weeks. After registering for the event, users can trade Bybit Wealth Dual Investment products to compete for the Dual Investment trading leaderboard and win exciting rewards. Participants whose trading volume breaks the "Whale Threshold" can trigger "Critical Hit Rewards," with up to 2,500 USDT available. The top 10 exceeding the critical hit threshold can receive an 80 USDT surprise bonus for every 1M USDT. The top 100 can share 12,000 USDT, and new users also enjoy exclusive rewards worth 100 USDT in Dual Investment trial funds.
Bybit Dual Investment Challenge Season 5 Kicks Off: Whales Strike to Win Top Prize of 2500U
It is reported that the Bybit Dual Investment Two-Week Challenge went live at 8 PM on July 7, and the event will last for two weeks. After registering and participating, users who trade Bybit Wealth Dual Investment products can compete for the Dual Investment trading leaderboard to win desired rewards. The top 100 users who meet the base trading volume threshold can share 12,540 USDT. Exceeding the "Whale Threshold" trading volume can trigger higher "Critical Hit Rewards," up to 2,500 USDT, and the base reward for the first place will be doubled. New users additionally enjoy an exclusive reward of 100 USDT in Dual Investment trial funds.
BIT Weekly Report: Multi-dimensional Technical Signals for Bitcoin Converge Bullishly; $73,000 Becomes the Key Threshold for Reversal Confirmation
According to BIT on Target’s weekly report, the Bitcoin bear market phase may be nearing its end, with multiple time-frame signals gradually converging. The weekly stochastic oscillator has declined to its lowest level since January 2023—a reading that historically corresponds to market bottom zones. Meanwhile, the trend model has also turned bullish, and the current price action exhibits stronger continuity conditions compared to the previous two signal reversals. On the price front, Bitcoin is currently consolidating near $70,000, gradually approaching its 21-week moving average—the critical bull-bear demarcation line. The report notes that $73,000 has served as a key inflection point since March 2024; a decisive breakout and sustained hold above this level would further confirm the reversal signal. On-chain capital inflow data shows a recent monthly inflow of approximately $1 billion—marking a clear improvement over prior periods of deep net outflows. The report also cautions that, before prices enter the target zone, the upward momentum may still be disrupted by short-term risk factors.
Italy's Central Bank Requires Crypto Asset Service Providers to Review Every Transaction, With No Minimum Amount Threshold
Odaily reports: The Bank of Italy (Banca d'Italia) has issued a notice requiring payment service providers (PSPs) and crypto asset service providers (CASPs) to continuously review financial transactions using procedures related to the Travel Rule, with no minimum amount threshold.Relevant institutions must verify the names of the originator and beneficiary when establishing a customer relationship, when the EU Council makes a decision, and at the time of each transaction, and cross-check them against lists of sanctioned individuals and entities. Automated systems must not set a minimum amount threshold that limits transaction review, and transfer delays may be accepted when necessary to strengthen sanctions screening. (Bitcoin.com News)
Research: Stablecoin De-Pegging May Have a "Critical Threshold," Severe Narrative Shocks Can Trigger Panic Selling
The Institute of Financial Technology at Renmin University of China published a translated overview of stablecoin research from the Journal of International Money and Finance. The related research employs large language model (LLM) agents to analyze stablecoin de-pegging risks, indicating that de-pegging exhibits distinct nonlinear and threshold characteristics. Arbitrage mechanisms can absorb a certain degree of informational pressure, but once narrative severity reaches a "critical threshold," the system may rapidly enter a sustained de-pegging state.
Michael Saylor: BIP-110 Support Rate Only 2.70%, 55% Voluntary Threshold No Longer Reachable
Odaily News: Michael Saylor stated on the X platform that at block height 961,022, BIP-110 received 38 signals, accounting for 2.70%, making its 55% voluntary threshold unreachable. At block height 961,632, BIP-110 nodes will reject blocks that do not emit signals. Unless major miners change their stance, Bitcoin will continue to operate normally, while BIP-110 will stall or fork into an insignificant state. Its supporters should stop pushing forward.
Bybit Dual Investment Bi-Weekly Challenge Round 6 Kicks Off, "Whales" Can Win Top Prize of 2900 USDT
It is reported that Phase 6 of the Bybit Dual Investment Bi-weekly Challenge, featuring new reward mechanisms, will launch at 6 PM on July 27, and the event will last for two weeks. After registering for the event, users can trade Bybit Wealth Dual Investment products to compete for the Dual Investment trading leaderboard and win exciting rewards. Participants whose trading volume breaks the "Whale Threshold" can trigger "Critical Hit Rewards," with up to 2,500 USDT available. The top 10 exceeding the critical hit threshold can receive an 80 USDT surprise bonus for every 1M USDT. The top 100 can share 12,000 USDT, and new users also enjoy exclusive rewards worth 100 USDT in Dual Investment trial funds.
Galaxy Head of Research: BIP-110 Signaling Support Rate May Be Far Below 55% Mandatory Activation Threshold
The Galaxy Head of Research stated in a post on X that, based on the current growth rate, even if the recent acceleration continues, the BIP-110 signaling will still be more than 51 percentage points below the mandatory 55% threshold by the activation block.
Binance Lowers VIP 3 Asset Threshold to $1 Million, OTC Spot Volume Counted at 4x Factor
: Binance has announced adjustments to its VIP Program. Effective from July 21, 2026, at 04:00 AM EST, the wallet asset requirement for VIP 3 will be reduced from $3 million to $1 million. Eligible users will gain access to benefits such as preferential fee rates, increased account limits, market information, and event invitations. Concurrently, Binance is modifying how OTC spot trading volume is counted towards VIP eligibility. Under the new rules, OTC spot trading volume will be multiplied by a factor of 4 and added to the total spot trading volume. For example, Binance states that $1 million in OTC spot volume will be counted as $4 million towards the applicable threshold. Previously, OTC-related eligibility was capped at VIP 4. Binance stated that by incorporating this broader spot volume metric, users who meet the BNB balance and other requirements can now advance up to VIP 9 within the full VIP framework. VIP trading fee rates will remain unchanged, and the system will automatically handle tier upgrades on a daily basis.
Related news
Petition to Postpone South Korea's Virtual Asset Tax Reaches 50,000-Signature Threshold, Will Be Submitted to Standing Committee
According to Digitalasset, information from the South Korean National Assembly's electronic petition system indicates that a petition to defer virtual asset taxation by two years has obtained 50,764 signatures, reaching the threshold to be submitted to the relevant standing committee for review. The petition contends that implementing digital asset taxation could lead to a decline in exchange revenue, which would further impact corporate tax revenue, and therefore recommends a two-year deferral.
Italy's Central Bank Requires Crypto Asset Service Providers to Review Every Transaction, With No Minimum Amount Threshold
Odaily reports: The Bank of Italy (Banca d'Italia) has issued a notice requiring payment service providers (PSPs) and crypto asset service providers (CASPs) to continuously review financial transactions using procedures related to the Travel Rule, with no minimum amount threshold.Relevant institutions must verify the names of the originator and beneficiary when establishing a customer relationship, when the EU Council makes a decision, and at the time of each transaction, and cross-check them against lists of sanctioned individuals and entities. Automated systems must not set a minimum amount threshold that limits transaction review, and transfer delays may be accepted when necessary to strengthen sanctions screening. (Bitcoin.com News)
Research: Stablecoin De-Pegging May Have a "Critical Threshold," Severe Narrative Shocks Can Trigger Panic Selling
The Institute of Financial Technology at Renmin University of China published a translated overview of stablecoin research from the Journal of International Money and Finance. The related research employs large language model (LLM) agents to analyze stablecoin de-pegging risks, indicating that de-pegging exhibits distinct nonlinear and threshold characteristics. Arbitrage mechanisms can absorb a certain degree of informational pressure, but once narrative severity reaches a "critical threshold," the system may rapidly enter a sustained de-pegging state.
Analyst Willy Woo: Bitcoin Holding Rate May Become the Key Threshold for the "Separation of Currency and the State"
According to on-chain analyst Willy Woo (@willywoo), approximately 5% of the global population currently holds BTC, surpassing the 4.5% who hold gold and the 4% who hold the S&P 500. Woo noted that if BTC adoption remains at 5%, it is merely a conventional financial asset; however, if it rises to 50%, it could enable a separation between currency and the state.
BlackRock Completes $5 Billion Bitcoin-to-ETF Tax-Deferred Swap, Minimum Threshold Lowered to $1 Million
According to Cointelegraph citing Bloomberg, BlackRock has executed approximately $5 billion in Bitcoin-to-ETF tax-deferred swap transactions, with a minimum transaction size as low as $1 million. Robbie Mitchnick, BlackRock's head of digital assets, stated that this move aims to expand investor coverage for related products.
SEC Proposes New Crypto Regulations, Sets Token Issuance Exemption Threshold
The U.S. SEC proposed new crypto regulations after the CLARITY Act was stalled, providing a safe harbor for token issuance and an exemption threshold of up to $75 million.