CoinDesk Podcast Network American Pope Beats 1% Crypto Predictions Market Odds | COINDESK DAILY
May 9, 2025
Join a thrilling journey as an American unexpectedly becomes pope, defying crypto market predictions. Discover the ripple effects this has in both religious and financial landscapes. Meanwhile, Meta makes a comeback in the stablecoin arena, igniting fresh debates. Plus, a major figure in the crypto world faces a lengthy prison sentence due to fraud. It's a captivating intersection of faith and finance!
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Unexpected American Pope Prevost
- American Robert Prevost never expected to become Pope, reflecting his humility and surprise.
- His election was almost unpredicted, with crypto markets giving him just a 1-2% chance.
Pope's Unique Cultural Ties
- Pope Leo XIV is embraced both in Chicago and Peru, highlighting his unique cross-cultural ties.
- His missionary work and citizenship in Peru link him closely with his predecessor Pope Francis.
Meta Returns to Stablecoins
- Meta is re-entering the stablecoin space to cut payout costs and improve cross-border payment efficiency.
- The company reengages with crypto after abandoning its earlier stablecoin due to regulatory challenges.