According to the source, South Korea plans to allow tax authorities to seize cryptocurrencies held in cold wallets as part of a new tax enforcement crackdown. Source: X post dated Oct 11, 2025. For traders, headline risk from potential enforcement could widen KRW pair spreads and lift intraday volatility on local venues; monitor BTC and ETH basis and funding on KRW markets versus USD venues, and track Korea-linked flows for signs of forced selling if an official directive is issued. Source: X post dated Oct 11, 2025. Until an official notice is released by South Korea’s authorities, consider position sizing and leverage controls to manage potential gap risk around any confirmation. Source: X post dated Oct 11, 2025.

According to @AggrNews, South Korea’s largest exchange Upbit is set to launch a new blockchain named GIWA, as indicated on the exchange’s website, creating a potential new venue for on-chain listings and liquidity flows. source: @AggrNews. For trading context, exchange-launched networks have historically funneled activity into their native gas assets and early ecosystem tokens; for example, Binance’s BNB Chain rollout coincided with a surge in BNB on-chain usage and TVL as documented by the issuer’s research unit. source: Binance Research. Near term, traders should track Upbit’s official updates for confirmations on GIWA’s gas token, bridge support, and any KRW-pair listings, as such announcements are typical catalysts for volume concentration on the listing venue. source: @AggrNews; Upbit official channels.