On May 16, Moody's downgraded the US credit rating from Aaa to Aa1, citing increasing deficits and national debt as primary concerns. The report forecasts higher government debt driven by rising interest expenses and stagnant government revenue. Meanwhile, crypto analyst Scott Melker predicts that Bitcoin could reach $250,000 by the end of 2025, attributing this potential surge to growing institutional interest and reduced volatility in the market. Melker highlighted a decrease in Bitcoin’s volatility, noting that institutional investment could stabilize the market further. In related news, World Liberty Financial co-founder Zach Witkoff responded to congressional inquiries about potential conflicts of interest involving the company and President Trump. In a letter to Senator Blumenthal, Witkoff defended WLFI, asserting that the company is focused on innovation rather than oversight, and criticized the basis of the inquiry as flawed.

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