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Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump’s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.

It last traded at $100,027 as of 0240 GMT, up 2.2% on the previous session, after earlier rising as high as $100,277.

“We’re witnessing a paradigm shift. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream,” said Mike Novogratz, founder and CEO of US crypto firm Galaxy Digital.

“This momentum is fueled by institutional adoption, advancements in tokenization and payments, and a clearer regulatory path.”

More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies.

“Bitcoin crossing $100,000 is more than just a milestone; it’s a testament to shifting tides in finance, technology, and geopolitics,” said Justin D’Anethan, a Hong Kong-based independent crypto analyst.

“The figure not that long ago dismissed as fantasy, stands as a reality.”

Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.

Crypto investors see an end to increased scrutiny under US Securities and Exchange Commission Chair Gary Gensler, who said last week he wouldstep downin January when Trump takes office.

On Wednesday, Trump said he would nominate Paul Atkins to run the Securities and Exchange Commission. Atkins, a former SEC commissioner, has been involved in crypto policy as co-chair of the Token Alliance, which works to “develop best practices for digital asset issuances and trading platforms,” and the Chamber of Digital Commerce.

A slew of crypto companies including Ripple, Kraken and Circle arejostlingfor a seat on Trump’s promised crypto advisory council, seeking a say in his planned overhaul of US policy, according to several digital asset industry executives.

Trump’s businesses may also have a stake in the sector.

He unveiled a new crypto business, World Liberty Financial, in September.

Although details about the business have been scarce, investors have taken his personal interest in the sector as a bullish signal.

Trump’s social media company is inadvanced talksto buy crypto trading firm Bakkt, the Financial Times reported last week, citing two people with knowledge of the talks.

Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, according to the FT report.

Billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies.

Bitcoin’s rebound from a slide below $16,000 in late 2022 has been rapid, boosted by the approval of US-listed bitcoin exchange-traded funds in January this year.

The Securities and Exchange Commission had long attempted to block ETFs from investing in bitcoin, citing investor protection concerns, but the products have allowed more investors, including institutional investors, to gain exposure to bitcoin.

More than $4 billion has streamed into US-listed bitcoin exchange-traded funds since the election.

“We were trading basically sideways for about seven months, then immediately after November 5, US investors resumed buying hand-over-fist,” said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund.

There was a strong debut for options on BlackRock’s ETF,in November with call options – bets on the price going up – substantially more popular than puts. McCann calculated the put to call ratio at about 22 to one.

Crypto-related stocks have soared along with the bitcoin price, with shares in bitcoin miner MARA Holdings,up around 65% in November.

Yet the rise is not without critics.

Two years ago, the industry was wracked by scandal with the collapse of the FTX crypto exchange and the jailing of its founder Sam Bankman-Fried.

The cryptocurrency industry also has been criticized for its massive energy usage, while crypto crime remains a concern, too.

Market participants are keeping a close eye on what happens now that bitcoin has broken above $100,000, with investors and speculators possibly looking to pocket some of their recent gains.

“But once we flush out those sell orders, this could go higher still, and very rapidly,” said Steven McClurg, founder of Canary Capital, a digital assets investment firm.

He said he expects bitcoin’s price to hit $120,000 by Christmas.

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Bhutan should embrace decentralized identity systems

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Bhutan should embrace decentralized identity systems

Bhutan should embrace decentralized identity systems

Bhutan’s unique naming culture and values of sovereignty make it a strong candidate for adopting blockchain-based identity systems.

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Pope ‘deeply saddened’ by deaths at sole Catholic church in Gaza after Israeli strike

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Pope 'deeply saddened' by deaths at sole Catholic church in Gaza after Israeli strike

The Pope has said he is “deeply saddened” by the deaths of three people in an Israeli strike on the only Catholic church in Gaza.

A further nine people were wounded when the Gaza’s Holy Family Church was hit, the Latin Patriarchate of Jerusalem said in a statement.

“On behalf of the entire Church of the Holy Land, we extend our deepest condolences to the bereaved families, and from here, we offer our prayers for the swift and full recovery of the wounded,” the statement reads.

“The Latin Patriarchate strongly condemns this tragedy and this targeting of innocent civilians and of a sacred place.

“However, this tragedy is not greater or more terrible than the many others that have befallen Gaza.”

Parish priest Father Gabriele Romanelli, an Argentinian who used to regularly update the late Pope Francis about the conflict in Gaza, was lightly injured in the attack.

Parish priest of the Church of the Holy Family, father Gabriele Romanelli, receives medical attention.
Pic: Reuters
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Parish priest of the Church of the Holy Family, father Gabriele Romanelli, receives medical attention.
Pic: Reuters

In a telegram for the victims, Pope Leo said he was “deeply saddened” and called for “an immediate ceasefire”.

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The Pope expressed his “profound hope for dialogue, reconciliation and enduring peace in the region,” according to the telegram, which was signed by the Vatican Secretary of State Cardinal Pietro Parolin.

Cardinal Pierbattista Pizzaballa, the Latin Patriarch of Jerusalem, told the Vatican News website that the church was shelled by a tank.

“What we know for sure is that a tank, the IDF says by mistake, but we are not sure about this, they hit the Church directly, the Church of the Holy Family, the Latin Church”, he said

The church was sheltering both Christians and Muslims, including a number of children with disabilities, according to Fadel Naem, acting director of Al-Ahli Hospital, which received the wounded.

Pope Leo XIV holds his first general audience in St. Peter's Square, at the Vatican, May 21, 2025. REUTERS/Guglielmo Mangiapane
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Pope Leo XIV. File pic: Reuters

The Israel Defence Forces (IDF) said it was “aware of reports regarding damage caused to the Holy Family Church in Gaza City and casualties at the scene. The circumstances of the incident are under review”.

“The IDF makes every feasible effort to mitigate harm to civilians and civilian structures, including religious sites,
and regrets any damage caused to them,” the statement added.

Israel’s foreign ministry said in a statement on X that the results of the investigation would be published.

It also said the country did not target churches or religious sites and regretted harm to them or civilians.

The previous pope, Francis, spoke almost daily with Gaza church. In the last 18 months of his life, Francis would often call the church in the Gaza Strip to see how people huddled inside were coping with a devastating war.

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At least 20 more people were killed on Thursday by Israeli attacks across the besieged enclave, medics said.

Throughout the 21-month war, more than 58,000 Palestinians have been killed by Israel’s military campaign, according to Gaza’s health ministry, which does not distinguish between civilians and combatants in its count.

Israel launched a retaliatory campaign against Hamas following the militant group’s 7 October 2023 attacks, during which 1,200 people were killed and about 250 taken hostage.

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Syria’s president vows to protect Druze population after Israel airstrikes – as new ceasefire begins

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Syria's president vows to protect Druze population after Israel airstrikes - as new ceasefire begins

Syria’s president has said protecting the rights of the Druze population is “our priority” after Israel warned it would destroy forces attacking the minority.

In a televised statement early today, Ahmed al Sharaa told the Druze “we reject any attempt to drag you into hands of an external party”.

Several hundred people have reportedly been killed this week in the south of Syria in violence involving local fighters, government authorities and Bedouin tribes.

Following the president’s announcement and a ceasefire agreement, Syrian government forces on Thursday largely withdrew from the volatile southern province of Sweida.

Under the terms of the agreement, Druze factions and clerics have been appointed to maintain internal security.

As the violence escalated in Sweida, Israel launched airstrikes, including attacks on Wednesday on the defence ministry in Damascus and a target near the presidential palace.

Benjamin Netanyahu’s government has pledged to “act resolutely against any terrorist threat on its borders”.

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The Druze population follow an offshoot of Islam and are estimated to number about one million, spread between Syria, Lebanon and Israel.

Sharaa – Syria’s interim leader after President Assad fled last year – gave a televised statement on Wednesday telling the Druze “we reject any attempt to drag you into hands of an external party”.

“We are not among those who fear the war,” he added.

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Moment Israel strikes Syrian military HQ

“We have spent our lives facing challenges and defending our people, but we have put the interests of the Syrians before chaos and destruction,” said the president.

He also claimed Israel has “consistently targeted our stability and created discord among us since the fall of the former regime”.

Israel has accused the Syrian regime of being barely disguised jihadists – despite warming ties with Western countries such as the UK and US.

Read more:
Why Israel is getting involved in Syria’s internal fighting?
UK restores diplomatic ties with Syria

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The UK-based Syrian Observatory for Human Rights said, as of Wednesday morning, more than 300 people had been killed in the flare-up of violence.

Around 1,000 Druze people broke through a fence into southern Syria on Wednesday in a bid to help, according to The Times of Israel.

Prime Minister Netanyahu urged people not to cross into Syria and Israeli military chief of staff Eyal Zamir warned they would not “allow southern Syria to become a terror stronghold”.

The UN Security Council will discuss the situation today, despite the US secretary of state saying yesterday that America had brokered an end to the violence.

“We have engaged all the parties involved in the clashes in Syria,” Marco Rubio said on social media.

“We have agreed on specific steps that will bring this troubling and horrifying situation to an end tonight.”

Syrian soldiers. Pic: Reuters
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Syrian soldiers were seen pulling out of Sweida overnight. Pic: Reuters

The intervention appeared to have an immediate effect.

The situation was calm on Thursday morning, according to Reuters sources in the area.

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