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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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Stanley Tucci on Italian politics – through the prism of food

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Stanley Tucci on Italian politics - through the prism of food

Stanley Tucci says he doesn’t understand why there has been a sudden rise in the “very far right”.

The 64-year-old actor, author and food connoisseur leads a new show aptly named Tucci In Italy, where he looks at the world-renowned cuisine and how its ingredients tell much more than just what is served on the plate.

Speaking to Sky News, he says painting the full picture of the Italian landscape was the driving force behind the show and that he made a conscious decision to include stories from all backgrounds.

Mr Tucci tries lampredotto while in Florence. Pic: National Geographic/Matt Holyoak
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Stanley Tucci tries lampredotto while in Florence. Pic: National Geographic/Matt Holyoak

“I asked that we include a story about a gay couple and their children, whether it was adopted or surrogate or however, because I thought it was a really interesting story.

“I am confused as to the direction that so much of the world is heading now to the very far right and sort of vilifying the other, meaning people who aren’t like us, but I don’t quite know what that means because we are all so different.

“There is no us, right? We’re all different, so I don’t know what the problem is there.”

Canci checi, a Ladin staple consisting of fried ravioli.  Pic: National Geographic
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Canci checi, a Ladin staple consisting of fried ravioli. Pic: National Geographic

Mr Tucci cooks at BBQ joint Ristoro Mucciante in Abruzzo with one of the owners, Rodolfo Mucciante, right.  Pic: National Geographic/Matt Holyoak
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Tucci cooks at BBQ joint ristoro mucciante in Abruzzo with one of the owners, Rodolfo Mucciante, right. Pic: National Geographic/Matt Holyoak

Tucci adds that he wants to “look at what’s happening in Italy politically and how it’s affecting people but, of course, all through the prism of food”.

More on Italy

“Those people are sitting there having a traditional Sunday lunch with the grandparents, with the grandkid, and they’re a family and yet the government says they’re not a family.

“I think that’s really interesting because Italy puts so much emphasis on family and for all practical purposes, Italy has a negative birth rate so why wouldn’t you want to welcome more children into your society who are Italian?”

Chef and owner Matilde Pettini opened Dalla Lola in 2021 and discusses their dishes with Mr Tucci. Pic: National Geographic/Matt Holyoak
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Chef and owner Matilde Pettini opened Dalla Lola in 2021 and discusses their dishes with Tucci. Pic: National Geographic/Matt Holyoak

Ramadan El Sabawy hands Stanley Tucci a plate with his son's crispy Margherita Pizza. Pic: National Geographic
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Ramadan El Sabawy hands Tucci a plate with his son’s crispy margherita pizza. Pic: National Geographic

In 2016, Italy passed a law that now recognises civil unions for same-sex couples in the country.

It grants couples many of the same rights and financial protections as married heterosexual couples, however, it doesn’t give LGBT+ couples the right to joint adoption or in vitro fertilisation.

In 2023, the Italian government extended its initial ban on surrogacy to include arrangements made by its citizens abroad.

Its legislation subjects any intended parent who breaks the law to jail terms of up to two years and fines of up to €1m (£846,000).

The law doesn’t include those children who were already registered before it came into effect.

Stanley Tucci holding a cheese made in Lazio. Pic: National Geographic/Matt Holyoak
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Tucci holding a cheese made in Lazio. Pic: National Geographic/Matt Holyoak

Torcinello, a traditional sausage, served with scampi, sea asparagus, and sweet pepper sauce. Pic: National Geographic
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Torcinello, a traditional sausage, served with scampi, sea asparagus, and sweet pepper sauce. Pic: National Geographic

The buzzword on social media over the last few weeks has been “conclave” following the death of Pope Francis and of course, the Oscar-winning film of the same name.

Our interview took place just before the real conclave took place, which resulted in Pope Leo XIV becoming the first American-born leader of the Catholic Church.

Starring in the film alongside Ralph Fiennes, Tucci became inadvertently connected to the news agenda when life began to imitate art.

“It’s fascinating. I mean, look, I don’t know anything about it, really, other than I made a movie about it. That’s all I know. But it is, the timing of it is unfortunate, but it’s also oddly coincidental.”

Tucci In Italy looks at traditional Italian cuisine but also explores the impact history, changing political landscapes, migration and culture can have on a dinner plate.

Timballo being cut, revealing the intricate layers of crespelle and meatballs inside. Pic: National Geographic
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Timballo being cut, revealing the intricate layers of crespelle and meatballs inside. Pic: National Geographic

Mr Tucci fly fishes in a glacial river with locals. Pic: National Geographic/Matt Holyoak
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Mr Tucci fly fishes in a glacial river with locals in Trentino-Alto Adige. Pic: National Geographic/Matt Holyoak

Hay soup in a loaf of homemade bread, served in the restaurant Gostner Schwaige. Pic: National Geographic
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Hay soup in a loaf of homemade bread, served in the restaurant Gostner Schwaige. Pic: National Geographic

Read more from Sky News:
Dance artist Moby on the destructive force of fame
David Attenborough’s new film ‘biggest message he’s ever told’

He visits the northern area of Trentino-Alto Adige, which borders Austria, to look at how Mussolini’s intense policies regarding German identity shaped the area and people today.

“It’s an incredibly beautiful region, but also it’s the way those two cultures have figured out a way to get along without violence, without blame, without hating each other, without divisiveness.

“I think it’s really wonderful. It’s a testament to… How easy it can be for us to get along.”

Tucci In Italy premieres 21 May at 8pm on National Geographic and all episodes stream from 19 May on Disney+.

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Knights score with 0.4 left to stun Oilers in Game 3

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Knights score with 0.4 left to stun Oilers in Game 3

EDMONTON, Alberta — Reilly Smith scored with 0.4 seconds left on a shot that deflected in off Edmonton forward Leon Draisaitl‘s stick to give the Vegas Golden Knights a stunning 4-3 victory in Game 3 on Saturday night.

Smith’s goal is tied for the latest game winner in regulation in Stanley Cup playoffs history along with Nazem Kadri‘s goal for the Colorado Avalanche in 2020 and Jussi Jokinen’s goal for the Carolina Hurricanes in 2009, according to ESPN Research.

“Honestly, I’ve seen [Vegas forward William Karlsson] use that play a few times where he forechecks and spins it out in front of the net, jumping off the bench,” Smith said when asked about the play. “I think there was around seven seconds. I just tried. And being first on it. … So I thought there was a chance. And once it popped out I saw a lot of guys sell out. So I just hope that I had enough time to kind of pump-fake and find a lane and, you know, worked out.”

The game-winning goal came after Oilers star Connor McDavid tied it with 3:02 to go with a centering pass that went in off defender Brayden McNabb‘s skate.

“We didn’t sort it out very well to let the puck get into the slot. After that, it’s unlucky, it’s unfortunate,” Draisaitl said of the game-winning goal. “It goes off my stick, and I’m just trying to keep it out of the net. It’s just a bad bounce.”

After Corey Perry gave Edmonton an early 2-0 lead, Nicolas Roy and Smith tied it with goals in a 54-second span late in the first period. Karlsson put the Golden Knights in front with 2:55 left in the second, beating goalie Stuart Skinner off a give-and-go play with Noah Hanifin. And Adin Hill made 17 saves for Vegas.

The Golden Knights’ win Saturday cut Edmonton’s lead to 2-1 in the Western Conference semifinal series. Game 4 is Monday night in Edmonton.

“Before the series starts, if you were to tell us that we were gonna be up 2-1 after three, we’d be happy,” Edmonton coach Kris Knoblauch said. “We’d be pleased with that, not only up 2-1, but Game 4 at home.”

Vegas rallied in the first period after Golden Knights forward Mark Stone left because of an upper-body injury.

“Big win for our team,” Smith said. “We need to use the momentum in front of us to push forward, but focus one game at a time. That’s kind of always been the mindset for this group. We have a lot of resiliency. So as long as you focus on that next game and get a little bit better every night.”

Roy, playing a day after being fined but not suspended for cross-checking Trent Frederic in the face in overtime in Game 2, cut it to 2-1 off a rebound with 4:43 left in the first. Smith then slipped a backhander through Skinner’s legs with 3:49 to go in the period.

Skinner stopped 20 shots, taking over in goal for the injured Calvin Pickard. Pickard appeared uncomfortable and was seen shaking out his left leg after Vegas forward Tomas Hertl landed on his left pad in Game 2.

The Associated Press contributed to this report.

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McCullers: Family got death threats during loss

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McCullers: Family got death threats during loss

Houston Astros right-hander Lance McCullers Jr. said he and his family were the subjects of death threats made on social media after he allowed seven runs as part of a 10-run first inning for the Cincinnati Reds on Saturday night.

A team spokesperson said the Astros notified the Houston Police Department and Major League Baseball security about the threats.

“I understand people are very passionate and people love the Astros and love sports, but threatening to find my kids and murder them is a little bit tough to deal with,” McCullers said. “So just as a father I think there have been many, many threats over the years aimed at me mostly, and I think actually one or two people from other issues around baseball actually had to go to jail for things like that. But I think bringing kids into the equation, threatening to find them or next time they see us in public, they’re gonna stab my kids to death, things like that, it’s tough to hear as a dad.”

McCullers and his wife, Kara, have two young daughters.

McCullers (0-1) was making just his second start since Game 3 of the 2022 World Series after battling a series of right arm issues. An All-Star in 2018, he has spent all eight of his big league seasons in Houston.

A visibly upset manager Joe Espada addressed the threats at his postgame news conference.

“There are people who are threatening his life and the life of his kids because of his performance,” Espada said. “It is very unfortunate that we have to deal with this. After all he’s done for this city, for his team, the fact that we have to talk about that in my office — I got kids too and it really drives me nuts that we have to deal with this. Very sad, very, very sad.

“Listen, he hasn’t pitched in 2½ years. … It’s going to take a little bit of time to get him going. And that’s fine. But this can’t happen. I’m really upset that this can happen to athletes.”

McCullers struggled with his command from the start Saturday. He walked leadoff hitter TJ Friedl before plunking Matt McLain on the backside. Elly De La Cruz then smacked an opposite-field, three-run homer to left to make it 3-0.

McCullers walked two more batters with one out before Tyler Stephenson hit an RBI single. Will Benson followed with an RBI double to make it 5-0 and chase McCullers.

He was replaced by Logan VanWey, but the Reds kept piling on, sending 15 batters to the plate before Santiago Espinal finally struck out to end the inning.

It was Cincinnati’s most runs in a first inning since August 1989, when they scored 14, also against the Astros.

“If you fail you fail on a very large stage [with] a lot of eyes and there’s nowhere to hide,” McCullers said. “At the end of the day, I just want to do my job. I just want to be a good pitcher for the Astros and I believe I’ll get there, but like I said I just think that having to worry about that, worry about leaving town and leaving them and things like that or dropping her off at school, I just think … there should be some type of decency.”

The Reds went on to win Saturday’s game 13-9 as Houston lost for the fourth time in the past six games.

Information from The Associated Press was used in this report.

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