WLFI repaid 25 million USD1 loans on Dolomite, restoring liquidity to $35 million, with a deposit interest rate of 10.43%. Currently, WLFI still has $162 million in outstanding borrowings, with collateral of 4.99 billion WLFI tokens.

Gate News , April 8, U.S.-listed Bitcoin miner Cango released a March operational update report. The report shows that in March, the company produced 27.98 BTC from self-mining and completed a strategic sale of 2,000 bitcoins, with the proceeds used to repay BTC-backed loans. As of the end of March, the company’s outstanding Bitcoin-backed loan total was $30.6 million, and its Bitcoin reserves fell to 1,025.69 BTC.

The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.

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.

The U.S.-Iran war triggers a global economic shock, facing six major crises: food supply, the bond market, private credit, subprime loan defaults, inflation, and the aluminum industry. Analysts warn that it may threaten the stability of financial markets, determining whether a ceasefire can be reached.

With the implementation of new regulations for loan facilitation and the slowdown in consumer lending demand, the revenue and net profit of multiple consumer loan and facilitation platforms have fallen sharply. Some platforms are looking for new growth points by expanding their overseas and blockchain investment portfolios.

A Bank of Canada research report states that Aave V3 on Ethereum is expected to achieve zero non-performing loans in 2024, with a total loan volume of about $6 billion. The report analyzes the effectiveness of over-collateralization and automatic liquidation mechanisms in protecting lenders, finding that leveraged loop transactions are mainly driven by large investors, liquidation activity is concentrated in a small number of assets, and it has little impact on market prices.

Empery Digital Inc. announced on April 1 that it fully repaid its outstanding term loan by selling 370 Bitcoin, raising approximately $24.7 million. The company holds 2,989 Bitcoin with the goal of enhancing financial flexibility to manage market volatility. It may in the future increase its borrowing limits and reduce its Bitcoin holdings to support share repurchases.

Empery Digital recently sold 370 bitcoins, generating about $24.7 million in proceeds. Its current holdings have fallen to 2,989 bitcoins. The company fully repaid a term loan through a share placement and bitcoin sales, reducing interest expense, and freed approximately 1,800 bitcoins as collateral, improving its balance sheet.