When South Korea Puts a Cap on Crypto Moguls: The Big Sell Off is Here 🚨

The FSC is casting a wide net, catching the captains of the largest crypto sails-Upbit, Bithumb, Coinone, and Korbit. These are not mere trading ships but the pillars of what they call the “core infrastructure” distributing virtual treasure. 🌉 And so the captains must now navigate uncertain waters, trimming their sails to stay within newly drawn boundaries. It’s a sight to behold, straight out of a modern tragedy-or perhaps a comedy.

Fashionable Finances: Crypto’s Latest Melodramas of 2026

In the past 24 hours, the canvas of the market witnessed a liquidation total of $230.78 million. Long liquidations tangoed to the tune of $151.90 million, whilst their short counterparts danced to a more modest rhythm of $78.88 million. A fitting spectacle unfolded on Hyperliquid, where a BTC/USD position totting a modest $5.85 million suffered the indignity of the largest singular liquidation.

DJT Token: Fool’s Gold? 💰

Let us speak plainly. A certain… enterprise, birthed from the peculiar machinations of a former leader, this “Trump Media and Technology Group,” has announced a novelty. A digital trinket, they call it – the “DJT token.” A supposed gift to shareholders, a phantom reward for faith placed in foundations of… shall we say, shifting sands. 🙄

🇰🇷 Korbit’s $1.9M Fine: When AML Meets LOL 😂

Ah, the theater of regulation! South Korea’s Financial Intelligence Unit, with all the drama of a Chekhovian protagonist, has sanctioned Korbit after a meticulous inspection of its compliance systems. The curtain fell on December 31, and the fourth-largest crypto exchange in the country was left holding the bill for its repeated anti-money laundering follies. A tale of oversight, you say? More like a farce of oversight! 🎭