#CryptoMarketsDipSlightly #GateSquareAprilPostingChallenge Bitcoin

BTCUSD
drops to US$71,023 while World Liberty Financial (WLFI) becomes one of the most losing 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 deposits 3 billion WLFI tokens as collateral in Dolomite and borrows 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 rose to 30%, sparking concerns of a mass liquidation if WLFI token prices fall further.
Morgan Stanley launches 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 projects assets worth US$5 million in the first year and first-day volume of US$30 million, even though this fund entered a market that recorded ETF outflows of US$6.3 billion 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 around US$2.77 million allocated for grants and donations.
Crypto Market Dips from US$2.45 Trillion Amid Ceasefire Breakdown

Total crypto market capitalization was at US$2.39 trillion on April 9, after reaching US$2.45 trillion in the previous session. The rally driven by ceasefire news lost momentum as Gulf countries reported attacks on the first day of the conflict halt, and Iran still demands transit conditions through the Strait of Hormuz. This uncertainty dampened the risk-on sentiment that had pushed the crypto market higher just a day earlier.

Capital rotation accelerated the decline. Stocks actually strengthened after the ceasefire news, while crypto experienced a correction. This pattern repeated, where both asset classes struggled to rally simultaneously during the Iran conflict.