#GateSquareAprilPostingChallenge

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

Crypto News Today:-

World Liberty Financial's treasury deposited 3 billion WLFI tokens as collateral at 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%, sparking concerns of a mass liquidation if WLFI token prices fall further.
Morgan Stanley launched a spot Bitcoin exchange-traded fund (ETF) on NYSE Arca with a fee ratio of 0.14%, which is currently the lowest fee in the market. ETF analyst Eric Balchunas projects assets worth US(million in the first year and a first-day volume of US)million, even though this fund entered a market that recorded US$6.3 billion in ETF outflows between November and February.
Ethereum Foundation continues 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