World Liberty Financial borrowed more than $50 million in stablecoins on the Dolomite platform in the short term, drawing attention from the DeFi market. WLFI deposited large amounts of governance tokens as collateral, causing the liquidity pool utilization rate to exceed 100%, leaving liquidity nearly exhausted and pushing interest rates sharply higher. Analysis suggests this move could be intended to meet liquidity demand or to increase on-chain activity; investors should carefully assess the risks.

Several Swiss financial institutions jointly launched a Swiss franc stablecoin sandbox test, aiming to build a blockchain-based digital settlement layer and promote stablecoin payments and asset transfers. This project is subject to regulation and will continue until 2026, to accumulate experience for future commercialization. This move strengthens Switzerland’s competitive edge in the digitization of finance and indicates that the global financial system is evolving toward “on-chain” development.

U.S. housing finance institution Fannie Mae rolls out a Bitcoin mortgage pilot, allowing borrowers to use Bitcoin as collateral to obtain cash loans, a move that has sparked heated discussion in the market. Experts say the model is suitable for groups with strong financial assets, but it also faces high risk from Bitcoin’s price volatility. Even though it is unlikely to become a mainstream product in the short term, this initiative provides a new path for crypto assets to enter traditional finance.

The Korean Financial Services Commission and the Financial Supervisory Service announced that they will implement an “enhanced version of the withdrawal-delay制度,”统一制定 and standardize the exception criteria for delayed virtual-asset withdrawals, with the aim of preventing scam funds from being withdrawn and ensuring trading security.

Gate News message, April 8, Leavitt Mining Pool BTC.TOP founder and CEO Jiang Zhuoer posted that he went short ETH at $2242; this is a mid-to-short-term operation, just like the last time he went long at $1850 and closed it out at $2144. Jiang Zhuoer said that the bear market cycle hasn’t finished yet, and event-driven bounces are opportunities to go short as well; there’s also a small chance that he will start another round again.

Gate News message: On April 8, according to @ai_9684xtpa monitoring, the WLFI strategic reserve address deposited 3 billion WLFI into Dolomite over the past 5 days, and lent out 50.44 million USD1 while putting USD1 on loan short. Currently, the borrowing interest rate on Dolomite is 30%, and it has already been fully borrowed out; liquidity shows as -232k USD1.

Gate News message. On April 8, according to on-chain analyst Yu Jin’s monitoring, a DeFi whale repaid a 4.14 million DAI loan on Spark about 9 hours before an Israel-Iran ceasefire proposal was agreed upon, then retrieved 264.4 WBTC worth of collateral and transferred it to a certain CEX to sell at a price of about $67,990 per WBTC, for a total value of approximately $17.98 million. Six hours later, the Israel-Iran ceasefire proposal was agreed upon; as a result, the BTC price rose 5%, causing the whale to miss out on about $1 million in potential gains.

Gate News message: On April 8, the U.S. Federal Deposit Insurance Corporation (FDIC) officially released guidance for financial institutions and their financial-technology subsidiaries on the use of stablecoins. FDIC Chair Travis Hill said on Tuesday during a Board meeting in Washington that the new guidance will set out corresponding rules on areas including reserve assets, stablecoin redemptions, permitted activities, and capital requirements to address the growing adoption of digital currencies in the financial system.

Gate News message, April 8, the trader "set 10 big goals first" (@Jason60704294) disclosed on social media that he has closed out his BTC and ETH long positions, choosing to take profit and exit. In this trade, his 4x leverage long on BTC generated a profit of about $12.12 million, and his 2x leverage long on ETH generated a profit of about $728k, for a total profit of more than $12 million.

Crypto hedge fund Split Capital’s founder Zaheer Ebtikar announced the closure of the fund and is switching to become Chief Strategy Officer at stablecoin company Plasma. He believes the crypto hedge fund business model is no longer viable, mainly due to the impact of traditional financial institutions launching digital asset ETFs, which led to a sharp drop in demand. At the same time, crypto venture capital has also been squeezed out, and major coin prices have fallen by nearly 50%.