Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

April 27th — Bitcoin mining firm Hut 8 Corp is launching an investment-grade bond to fund data center construction tied to Google (Alphabet Inc.), per a Bloomberg report dated April 27. The 2042-maturing bond has initial price guidance of roughly 2.13 percentage points above benchmark yields. Prior reports noted the project plans to issue at least $3 billion in high-grade bonds to build a 245-megawatt facility in St. Francisville, Louisiana. Goldman Sachs, JPMorgan and Morgan Stanley are leading the issuance. The 600,000-square-foot facility will generate revenue via a 15-year, ~$7 billion lease agreement with cloud computing startup Fluidstack. Google is providing financial guarantees for lease payments and other obligations. A subsidiary of Entergy Corp. will supply power to the project under a service agreement. Hut 8, a publicly traded Bitcoin miner transitioning to an energy and digital infrastructure company, holds a stake in a U.S. Bitcoin firm linked to Eric Trump and

On April 27th, Circle announced via social media that Circle Ventures is purchasing AAVE tokens—because a robust DeFi infrastructure won’t build itself. Aave is helping shape the future of on-chain finance, and Circle is supporting this ecosystem alongside the entire community built around it.

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 Funds tracing shows the 15,000 ETH originated from 38,000 ETH withdrawn from the Aave protocol a week earlier—on the same day Kelp DAO was exploited, an incident that led to suspected bad debt on Aave.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,