Upbit’s GIWA: A Layer-2 Farce or Crypto’s Next Crown Jewel? 🌏💎

by

Ah, the whispers of the Orient! 🌸🗣️ On a Monday no less, when the world is still nursing its hangover from the weekend’s excesses, the crypto cognoscenti in Asia have deigned to inform us that Upbit, Korea’s grand dame of exchanges, is poised to unleash GIWA-a Layer-2 chain on Ethereum. How quaint! 🧐

Upbit(@Official_Upbit) Will Launch Their Own L2 Chain! 🥳

Likely named “GIWA”, a name so traditional it could have been plucked from a Confucian text. 📜

A fortnight ago, I mused, “What if Upbit launches their own chain?” Lo and behold, my crystal ball was not entirely clouded. 🌫️

– Jay Jo (@0xyuns) September 8, 2025

While the GIWA website remains as elusive as a British summer, CoinDesk-those tireless harbingers of financial gossip-report that Upbit’s über-parent, Dunamu, has already staked its claim on the name. Trademark applications, you see, are the modern-day equivalent of planting a flag on the moon. 🚩

Upbit Exchange’s rumored L2 Chain, Giwa website | Source: Giwa.io Sept 8, 2025

Upbit, it seems, is ready to lock antlers with Binance’s BNB Chain and Coinbase’s Base Network. 🦌 A veritable crypto stag party, if you will. Coinbase, the custodian of 9 out of 11 US crypto ETFs, reigns supreme in the institutional markets, while Upbit has cornered 80% of Korea’s daily trading volume. A clash of titans, or merely a squabble over crumbs? 🍞

The GIWA L2 launch, if it materializes, could cement Upbit’s dominance in Asia, while also fostering the growth of decentralized financial applications. Because nothing says innovation like another blockchain. 🚀

Bitcoin Demand in Asia Surges as China Diversifies from USD

Ah, the Trump era-a time when crypto-friendly policies were as abundant as bad decisions at a society wedding. 🥂 Upbit’s foray into Layer 2 could further entrench cryptocurrencies in Asian markets, particularly as the world turns its back on the USD. 🌍

Bloomberg, ever the purveyor of financial schadenfreude, reports that China has increased its gold holdings for the 10th consecutive month. 🏛️ Louis Tsu, CEO of Venom Blockchain, chimes in with the revelation that foreign central banks’ gold reserves have surpassed US Treasuries for the first time since 1996. A seismic shift, or merely a blip on the radar? 🌋

In 1996, blockchain was but a twinkle in Satoshi’s eye, and stablecoins were the stuff of science fiction. This chart is one signal of many that the story is about to change, and new characters are taking center stage. 🎭

– Louis Tsu (@louis_tsu) August 28, 2025

The decline in US Treasuries has been linked to the rise of stablecoins in cross-border payments. Yet, on-chain data reveals a surge in Bitcoin demand on Korean exchanges, as traders seek refuge from the US-China trade wars. 🛡️

CryptoQuant’s Korean Premium Index chart, a barometer of Korean crypto fervor, shows a 130% rise between July 14 and September 8. 📈 When Koreans are paying a premium, you know the FOMO is real. 🤑

Bitcoin Korean Premium Index rises 130% between July 14 and Sept. 8, 2025 | Source: CryptoQuant

If current trends hold, Upbit’s GIWA launch, coupled with capital flight from US Treasuries, could herald a crypto renaissance in Q4 2025. 🎨

Maxi Doge Presale Gains Momentum as Asian Demand Heats Up

Amidst the GIWA frenzy, Maxi Doge (MAXIDOGE) is making waves. This meme-driven token, with its high-risk, high-reward allure, is drawing in traders like moths to a flame. 🦋🔥

Maxi Doge Presale

Priced at $0.000256, the Maxi Doge presale has already raised over $1.94 million of its $2.18 million target. Investors, take note: the bandwagon is leaving the station. 🚂

Read More

2025-09-09 02:26