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Search results for FOMO

Finance

Stock rally swells overdraft credit lines as banks balance profit and regulation

A stock market rally is fuelling renewed debt-backed investing by retail investors, pushing up overdraft credit line balances at South Korea’s major banks. Balances at the five biggest lenders rose from 39 trillion won at end-April to above 41 trillion won in May, the highest in about 3 years and 4 months. Banks see profit opportunities among high-credit borrowers but face potential pressure from regulators if household lending keeps rising.

Crypto

Rakuten, Exodus and Binance speed up XRP ecosystem expansion

XRP is expanding its ecosystem across major crypto platforms, payment services and exchanges. In recent weeks, Rakuten, Exodus Movement, Bitget Wallet and Binance have introduced or expanded XRP and XRP Ledger-related features, The Crypto Basic reported. Rakuten integrated XRP into its payment system in Japan, linking XRP to over 44 million users and more than 5 million merchants. Exodus and Bitget Wallet broadened XRPL functions, including support for Ripple stablecoin RLUSD, while Binance completed RLUSD integration on XRPL.

Crypto

How U.S. Gen Z views bitcoin as TikTok influencer advice plays a role

U.S. Gen Z investors are moving into bitcoin and other cryptocurrencies despite sharp volatility, with more than 64 percent saying they are willing to take risks and about two thirds planning to invest this year. Many turn to TikTok and other social media for financial advice and report “financial FOMO.” The trend is accompanied by concerns about limited understanding, unverified tips, market transparency and the limits of diversification benefits.