#GateSquareAprilPostingChallenge Bitcoin

BTCUSD
drops to US$71.023 as World Liberty Financial (WLFI) becomes one of the most loss-making tokens among actively traded assets, falling more than 13% after their own treasury drained the stablecoin lending pool.
Crypto News Today:-
World Liberty Financial’s treasury deposits 3 billion WLFI tokens as collateral at Dolomite and borrows US$50.44 million in USD1, draining the entire pool’s liquidity. The USD1 deposit interest rate jumps to 35.81% and the loan interest rate rises to 30%, sparking concerns about mass liquidations if the WLFI token price drops further.
Morgan Stanley launches a spot Bitcoin exchange-traded fund (ETF)MSBT( on NYSE Arca with a fee ratio of 0.14%, which is the cheapest fee in the market right now. ETF analyst Eric Balchunas projects assets worth US) billion in the first year and first-day volume of US$5 million, even though this fund entered a market that had recorded ETF outflows of US$6,3 billion between November and February.
The 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 about US$2,77 million allocated for grants and donations.
Crypto Market Slips Below US$2.45 Trillion as Ceasefire Frays
Total market capitalization of crypto assets was US$2.39 trillion on April 9, after briefly reaching US$2.45 trillion in the previous session. The rally driven by ceasefire news lost steam as Gulf countries reported attacks on the first day of the conflict cessation, and Iran is still demanding transit conditions through Teluk. This uncertainty has crushed the risk-on sentiment that had pushed the crypto market higher only the day before.
Capital rotation accelerates the decline. Stocks actually strengthened after the ceasefire news, while crypto saw a correction. This pattern repeats, where both asset classes struggle to rally at the same time during the Iran conflict.