Yi He: Early Chinese Holders Once Held About 90% of Bitcoin, Emphasizing the Importance of Long-Term Value Investing to Ignore Short-Term Volatility

April 27th – Per Bitget data, U.S. equities markets opened lower with the Dow Jones Industrial Average down 0.24%, S&P 500 off 0.15% and Nasdaq slipping 0.17%. Crypto-related stocks were mixed, with the following moves: - Coinbase (COIN): -0.26% - Circle (CRCL): -2.23% - MicroStrategy (MSTR): +0.32% - Gemini (GEMI): +2.05% - Bitmine (BMNR): +0.32% - SharpLink Gaming (SBET): +0.82% - Bit Digital (BTBT): -0.31% - BTCS (BTCS): +0.89% - ALT5 Sigma (ALTS): +1.25% - American Bitcoin (ABTC): -2.58% - Solana Co (HSDT): +1.62%

On April 27th, per Onchainlens data, a crypto whale withdrew 72,264 HYPE tokens from Gate (valued at ~$3.06 million) and now holds a total of 396,820 HYPE (worth ~$16.8 million).

On April 27th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a wallet address affiliated with Galaxy Digital OTC transferred 15,000 ETH (valued at $34.74 million) to an exchange. Funds tracing shows the 15,000 ETH originated from 38,000 ETH withdrawn from the Aave protocol a week earlier—on the same day Kelp DAO was exploited, an incident that led to suspected bad debt on Aave.

April 27 — Microsoft and OpenAI announced a revised partnership agreement today to simplify their collaboration, per official sources. Key terms include: - Microsoft remains OpenAI’s primary cloud partner; OpenAI products will initially launch on Azure unless Microsoft cannot or chooses not to support required capabilities. Now, OpenAI may offer all its products via any cloud provider. - Microsoft retains intellectual property (IP) licenses for OpenAI’s models and products through 2032, with the license now non-exclusive. - Microsoft will no longer pay revenue shares to OpenAI. - OpenAI will continue paying revenue shares to Microsoft through 2030, unrelated to its tech advancements. The proportion stays the same, but with a total cap. - As OpenAI’s majority shareholder, Microsoft will stay directly involved in its development. While the official announcement frames the revised deal as rooted in flexibility, certainty, and a commitment to broadly distributing AI benefits,

April 27, per official sources: - Strategy holds 818,334 BTC total, with an average cost of $75,537 and an unrealized gain of roughly $19.06 billion (+3.1%). - BitMine holds 5,078,386 ETH total, with an average cost of $3,570 and an unrealized loss of about $63.43 billion (-35%).

On April 27th, Consensys and ethereumJoseph officially joined DeFi United to contribute up to 30,000 ETH in financial support for the recovery of rsETH, while Sharplink will continue providing strategic advisory support. AAVE noted that its contribution is a key component of the broader effort to restore rsETH collateral and stabilize market conditions within DeFi United—adding that the recovery work would not have made the progress it has without their support.