#GateSquareAprilPostingChallenge Bitcoin

BTCUSD
dropped to US$71,023 while World Liberty Financial (WLFI) became one of the most loss-making tokens among actively traded assets, correcting more than 13% after their own treasury drained the stablecoin loan pool completely.

Crypto News Today:-

World Liberty Financial's treasury deposited 3 billion WLFI tokens as collateral on Dolomite and borrowed US$50.44 million in USD1, causing the entire liquidity pool to be drained. The USD1 deposit interest rate surged to 35.81% and the loan interest rate increased to 30%, raising concerns about potential mass liquidations if WLFI token prices fall further.
Morgan Stanley launched a spot Bitcoin exchange-traded fund (ETF) (MSBT) on NYSE Arca with a fee ratio of 0.14%, which is currently the lowest fee in the market. ETF analyst Eric Balchunas projected assets worth US$1 billion in the first year and a first-day volume of US$100 million, despite the fund entering a market that experienced ETF outflows of US$6.3 billion between November and February.
Ethereum Foundation continued converting ETH to stablecoins, selling 3,750 ETH worth US$8.3 million at an average price of US$2,214 via CoW Protocol. The foundation still holds 1,250 ETH valued at approximately US$2.77 million, allocated for grants and donations.
Crypto Market Dips Below US$2.45 Trillion as Ceasefire Breaks Down