Cryptocurrency News & Live Updates
Synopsis
Some Afterpay customers in Australia have been instructed to close their buy-now-pay-later accounts to secure mortgages, with credit cards offered upon qualification, highlighting intense competition in consumer finance.
In recent developments, Afterpay has revealed that over 10% of its customers were advised to close their buy-now-pay-later (BNPL) accounts to qualify for mortgages, while being offered credit cards by the same banks. This situation underscores the fierce competition in the consumer finance sector, particularly as traditional lenders perceive BNPL users as riskier. Meanwhile, in the cryptocurrency space, Solana’s price has seen significant volatility, dropping over 10% amid geopolitical tensions, yet large-scale movements of SOL tokens by whales suggest potential accumulation rather than panic selling. Additionally, NYSE Arca has filed to list the Truth Social Bitcoin ETF, reflecting the growing interest in regulated cryptocurrency investment products. As Bitcoin continues to rise, these developments indicate a complex landscape where traditional finance and digital assets intersect, with both sectors adapting to changing market dynamics and regulatory environments.
Show more
1 New Update
Afterpay Users Asked to Close BNPL Accounts for Credit Cards
Some Afterpay customers in Australia have been instructed to close their buy-now-pay-later accounts to secure mortgages, with credit cards offered upon qualification, highlighting intense competition in consumer finance.
Solana Whales Move $323 Million Amid Price Drop
Despite a significant drop in Solana’s price, whales transferred over $323 million in SOL between private wallets, suggesting potential accumulation or portfolio rebalancing.
Truth Social Bitcoin ETF Filing Submitted by NYSE Arca
On June 3, NYSE Arca filed with the U.S. markets regulator to list the Truth Social Bitcoin ETF, aiming to provide a regulated investment option for bitcoin.