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#BTCBackto100K Bitcoin has reclaimed the $100,000 mark for the first time since February 2025, reaching an intraday high of $101,370 on May 8, 2025. This resurgence follows a period of approximately 90 days below this threshold, during which the cryptocurrency dipped to nearly $74,000 in early April amid global market turmoil triggered by U.S. “Liberation Day” tariffs.  The recent rally is attributed to renewed investor confidence spurred by a newly announced U.S.-U.K. trade deal, signaling a potential easing of trade tensions. Additionally, institutional demand has intensified, with Standard Chartered reporting $5.3 billion in inflows into spot Bitcoin ETFs over the past three weeks.  While Bitcoin’s current price remains below its January peak of over $109,000, analysts are optimistic. Standard Chartered’s Kendrick has raised his Q2 price target to $120,000, citing factors such as strategic asset reallocation, strong whale accumulations, and favorable regulatory developments.  As Bitcoin continues its upward trajectory, market participants are closely monitoring these developments, anticipating potential new all-time highs in the near future.
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White Smoke Rises: The Catholic Church Has a New Pope Seventeen days after the death of Pope Francis, the Catholic Church has elected a new pope. At exactly 6:08 PM in Rome on Thursday, the iconic white smoke emerged from the chimney of the Sistine Chapel, signaling that a decision had been reached.
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$SXT Token Surges Following Binance Launchpool and Chainlink Airdrop  The SXT token, native to the Space and Time decentralized data platform, has experienced a significant price increase following its recent listing on Binance Launchpool and the announcement of a substantial airdrop to Chainlink (LINK) stakers. On May 6, 2025, Binance introduced SXT as the 69th project on its Launchpool, allowing users to farm SXT by staking BNB, USDC, or FDUSD. This initiative allocated 125 million SXT tokens—representing 2.5% of the total supply—for distribution over a two-day period. The majority of these tokens were designated for BNB stakers, with 85% allocated to BNB, 10% to USDC, and 5% to FDUSD. Concurrently, Chainlink announced the launch of its Rewards program, featuring a 200 million SXT token airdrop to eligible LINK stakers. The first tranche of 100 million SXT became claimable on May 8, 2025, marking the beginning of the “Season Genesis” phase. These developments have propelled SXT’s market performance, with the token’s price experiencing a notable uptick. As of the latest data, SXT is trading at approximately $0.95, reflecting increased investor interest and trading volume.The surge in SXT’s value underscores the growing enthusiasm for decentralized data solutions and the potential of blockchain-based platforms to revolutionize data management and accessibility.
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$IO Crypto Trending Pick: $IO – The AI-Powered Token Making Waves The native token of io.net, has been turning heads in the crypto space. Launched in November 2023, io.net aims to decentralize GPU computing by aggregating underutilized resources from data centers, crypto miners, and individual users. This approach provides scalable and cost-effective solutions for machine learning and AI applications. The token’s meteoric rise began with its listing on Binance, where it experienced a staggering 6000% surge, fueled by limited supply, strategic partnerships, and market enthusiasm. Currently, $IO is trading at approximately $0.95, with a 24-hour volume exceeding $32 million and a market cap around $128 million.  Despite a significant drop from its all-time high of $6.44 in June 2024,IO has shown resilience, rebounding from a low of $0.51 in April 2025. Analysts suggest that with the growing demand for decentralized computing, especially in AI and gaming sectors,IO could see substantial growth, potentially reaching $13.19 if current trends continue. As the crypto market evolves, IOstands out as a promising asset, bridging the gap between blockchain technology and the ever-expanding AI industry.
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Key U.S. Economic Indicators Ahead 🇺🇸 Markets will react to jobless claims and labor cost data. Wholesale inventories and consumer inflation expectations from the New York Fed will also shape sentiment. Global Markets in the Green Asian markets closed higher: Nikkei +0.41%, Kospi +0.22%, CSI 300 +0.56%. European indexes are up on optimism around the trade deal: Stoxx 600 +0.5%, DAX +1%. U.S. futures also point to gains: S&P 500 +0.73%, Nasdaq-100 +1%. It’s a day packed with headlines and data—stay tuned for volatility and potential opportunities.
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