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- ⚡ Crypto’s Wild Friday: Korea’s Crackdown, Zcash Eruption, and Trump’s Tariff Shock
⚡ Crypto’s Wild Friday: Korea’s Crackdown, Zcash Eruption, and Trump’s Tariff Shock
By Miles Monroe, BlockLeak24 — October 10, 2025
Miles Monroe BlockLeak24
October 10, 2025
🇰🇷 South Korea Targets Cold Wallets in Tax Crackdown
South Korea’s National Tax Service is tightening its grip on crypto tax evasion — and this time, cold wallets are on the radar.
Officials confirmed that undeclared holdings stored offline will no longer be exempt from seizure, with home raids planned for individuals hiding digital assets. It’s the clearest signal yet that the government’s tax campaign is entering an enforcement phase, not just compliance.
Analysts say the move could trigger a wave of on-chain transfers as holders seek safer jurisdictions — a trend that may reshape Asia’s crypto custody landscape before year-end.
🚀 Zcash Surges 400% — Privacy Narrative Returns
Zcash (ZEC) rocketed past $239, marking a fourfold gain since September and hitting its highest level since 2021.
With a market cap above $3.85 billion, ZEC is officially one of the top-performing assets of Q4.
The rally underscores a renewed appetite for anonymity plays amid regulatory scrutiny. Traders call it a “privacy coin renaissance,” driven by users tired of surveillance-grade KYC norms. Whether momentum holds or not, Zcash has already reignited one of crypto’s oldest debates — freedom versus compliance.
🚨 $21M Lost on Hyperliquid
A trader reportedly lost $21 million due to a private key leak on Hyperliquid.
The incident has reignited conversations around DeFi risk and user security. With self-custody tools like MetaMask now integrating leveraged trading, the line between decentralization and exposure is thinner than ever. Security experts warn: one weak key can drain a lifetime’s worth of alpha.
📉 XRP Slides Below $2.85
XRP continues to show weakness after failing to hold above $2.95. It’s now trading below $2.85 and the 100-hour SMA, with resistance forming at $2.8350.
Analysts point to a potential move toward $2.75 or lower if bulls fail to reclaim $2.92.
The setup mirrors recent BTC and ETH pullbacks — suggesting the broader market’s cooling phase isn’t over yet.
🪙 BitMine Buys 24,000 ETH
BitMine has added $104 million worth of Ethereum to its reserves, accumulating roughly 24,000 ETH while prices hovered near $4,300.
The move reinforces institutional conviction in Ethereum’s long-term value — and hints that major miners may be rotating into staking revenue ahead of next quarter’s upgrade cycle.
🔥 Binance Launches “Meme Rush”
Binance just unveiled a new early-access hub for meme coins.
Dubbed Meme Rush, the feature lets Binance Wallet users buy select meme assets before they list on decentralized exchanges.
Built with Four Meme, the tool integrates launch mechanics directly into Binance’s interface — effectively turning pre-list hype into a structured marketplace.
The exchange says the product is “transparency-first,” but the community’s already dubbing it a meme IPO engine.
🇺🇸 Trump’s Tariff Shock Hits Markets
Donald Trump announced 100% tariffs on all Chinese imports starting November 1, alongside new export controls on “critical software.”
Markets recoiled instantly — U.S. equities fell, Bitcoin tumbled, and volatility spiked across Asian trading hours.
For now, traders are watching whether the macro fallout fuels another “digital gold” narrative — or triggers a broader risk-off cascade.
🔥 Daily Market Analytics (Oct 10, 2025)
Global Market Cap: $4.22T (↓ 1.9%)
BTC: $117,200 (↓ 2.5%)
ETH: $4,310 (↓ 1.7%)
ZEC: $239 (↑ 380%)
XRP: $2.78 (↓ 3.2%)
Top Gainers: ZEC (+380%), LUX (+8%), ARB (+5%)
Top Losers: XRP (−3.2%), SOL (−2.8%), BTC (−2.5%)
📰 Previously on BlockLeak24