In today's crypto news, retired artist Ed Suman lost over $2 million after falling victim to a Coinbase impersonation scam. He was misled by a scammer posing as a Coinbase support representative, who convinced him to disclose his wallet's seed phrase. Moore's ratings agency downgraded the U.S. credit rating due to growing fiscal deficits and increased national debt, predicting further deterioration in the nation's fiscal performance. Additionally, crypto analyst Scott Melker suggested that Bitcoin could surge to $250,000 by the end of 2025, fueled by increased institutional investment and reduced volatility. He noted that Bitcoin's volatility has significantly decreased compared to the S&P, indicating a more mature market as involvement from institutional investors increases.

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