According to Fox News, the upcoming papal conclave in 2025 may see the new pope’s chosen name signaling changes in the Catholic Church’s direction, which could have indirect effects on global financial sentiment and cryptocurrency markets. Historically, major religious events have influenced investor confidence and market dynamics, especially in regions with significant Catholic populations. Traders should monitor global sentiment shifts, as increased stability or uncertainty can impact Bitcoin and altcoin volatility. Source: Fox News (May 8, 2025).

According to KookCapitalLLC on Twitter, Hayden Davis and the Catholic Church have launched a collaborative NFT rug, creating significant buzz in the crypto trading community. This partnership may drive short-term trading volume on associated NFT marketplaces, as rapid price swings and speculative interest typically follow such high-profile collaborations (Source: KookCapitalLLC, Twitter, May 3, 2025). Traders should monitor liquidity and volatility in related NFT collections, as similar events have historically triggered both pump-and-dump patterns and temporary surges in floor prices.