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Bitcoin makes its first breach of $94,000.

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As news broke that Donald Trump’s social media company was in negotiations to acquire cryptocurrency trading platform Bakkt (BKKT.N), Bitcoin surged to a record high above $94,000, adding to optimism that the next Trump administration would be cryptocurrency-friendly.

This year, Bitcoin, the largest and most well-known cryptocurrency in the world, has more than doubled in value. Just before the close of the previous session, it reached a record high of $94,078 before closing at $92,104 in Asian hours on Wednesday.

According to the Financial Times, which cited two persons with knowledge, NYSE-owner Intercontinental Exchange (ICE.N) is supporting Trump Media and Technology Group (DJT.O), opens new tab, which runs Truth Social, in its pursuit of an all-stock purchase of Bakkt.

In addition to traders taking advantage of the first day of options trading on the Nasdaq over BlackRock’s Bitcoin ETF (IBIT.O), Tony Sycamore, market analyst at IG, stated that the Trump deal chatter had helped push bitcoin to a record high.

As traders hoped that President-elect Trump’s pledged support for digital assets would result in a less stringent regulatory framework and give bitcoin a boost after a sluggish few months, cryptocurrencies have surged since the U.S. election on November 5.

According to data and analytics aggregator CoinGecko, the global cryptocurrency market is now worth over $3 trillion, a new high, due to the growing excitement.

Australian online broker Pepperstone’s head of research, Chris Weston, stated that there is genuine underlying purchasing pressure on bitcoin and that “another kick higher should bring in a fresh chase from those who like to buy what’s strong.”

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On February 6, 2025, IHC will consider a plea against the X prohibition in Pakistan.

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Chief Justice Aamir Farooq of the Islamabad High Court will hear the lawsuit contesting the social media app X’s ban on February 6, 2025.

Numerous delays have affected the petition, which was last heard on April 17, 2024. Hearings were originally planned for May 2 and June 11, 2024, but those dates were not feasible.

On November 22, 2024, the court granted a miscellaneous application for an early hearing. A hearing date of February 6, 2025, was confirmed by the Registrar Office after Chief Justice Aamir Farooq ordered that the case be rescheduled after the winter break.

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The Prime Minister orders the safe evacuation of Pakistanis from Syria.

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Prime Minister Shehbaz Sharif has ordered the creation of an action plan for the quick and safe evacuation of Pakistanis who want to leave Syria and return through nearby nations.

He stated that measures should be taken to ensure the safe evacuation of Pakistanis from Syria in light of the current circumstances there while presiding over a conference in Islamabad about the subject.

According to him, the government’s first priority is to ensure the safety of Pakistanis living in Syria, and all available resources should be used to achieve this goal.

Additionally, the prime minister directed the Pakistani embassy in Damascus to set up a helpline and information center for Pakistani nationals.

He ordered the Pakistani embassies in Syria and its neighboring countries to maintain their information desks and the Ministry of Foreign Affairs’ crisis management section operating around the clock till the security situation improves.

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PM Offers Condolences to Turkish President for Six Soldiers Killed in Helicopter Crash in Turkey

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Regarding the death of six Turkish troops in a helicopter crash in Isparta, Turkey, Prime Minister Shehbaz Sharif sent Turkish President Tayyip Erdogan his deepest sympathies.

Shehbaz Sharif, the prime minister, posted on social media on Saturday to express his sadness and grief over the deaths of six Turkish troops.

Additionally, he expressed his sympathies to the Turkish people and the families who lost loved ones in the terrible event.

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