Crypto News Today (April 27): Bitcoin Touches $79K, LDO and PENGU Lead Gains, Ethereum Foundation Sells 100K ETH

Bitcoin price touched $79K today, April 27, but quickly retraced back below $78K. Altcoins followed the move, with a few notable exceptions.

Lido DAO (LDO) continued its rally, and PENGU is up 40% over the last week. But let's look at the main crypto news today.

LDO Price Pump Continues – DeFi United Rescue Mission Gains Traction

As we covered in our previous Lido DAO analysis, the LDO price jumped 30% on April 26 after a $20 million buyback proposal and a $6 million stETH contribution to Aave's rsETH relief effort. The momentum has continued into April 27, with LDO holding above $0.40.

Meanwhile, Mantle has stepped up with a pledge to contribute 30,000 ETH to the Aave‑led DeFi United rescue mission.

The initiative has now successfully raised over 102,000 ETH in total funding. Additionally, the Arbitrum DAO released 30,765 ETH – previously frozen after the rsETH incident – to the same rescue mission. These coordinated efforts have boosted overall DeFi sentiment and supported LDO's price.

Bitcoin ETFs See $824M Weekly Net Inflows – Fourth Straight Week of Gains

From April 20 to April 24 (ET), spot Bitcoin ETFs recorded net inflows of $824 million. That marks four consecutive weeks of net inflows. Spot Ethereum ETFs had net inflows of $155 million, marking three consecutive weeks of inflows.

Source: X/@WuBlockchain

Spot SOL ETFs recorded net inflows of $9.44 million, while spot XRP ETFs had net inflows of $15.74 million. The streak confirms sustained institutional demand despite Bitcoin's choppy price action.

Other Important Crypto News Today (April 27)

Major Token Unlocks This Week Exceed $330 Million

According to Tokenomist, major one‑time token unlocks over the next seven days (with unlock values above $5 million) include SUI, JUP, SIGN, EIGEN, OMNI, and GUN. Major linear unlocks (daily values above $1 million) include RAIN, SOL, CC, TRUMP, and WLD. The total unlock value exceeds $330 million.

Investors should watch for potential sell pressure on these tokens.

Ethereum Foundation Sells 100,000 ETH to Bitmine

The Ethereum Foundation sold 100,000 ETH to Bitmine at $2,337 in a single block trade. For context, the foundation sold only 35,000 ETH in all of 2022. This is a 3x larger sale into one counterparty. Bitmine immediately staked 214,440 ETH with Grayscale in 8 hours. Bitmine now holds 4.976 million ETH, or 4.12% of total supply. The sale routed through Coinbase Prime, pushing Coinbase validator control to roughly 21%. Lido already controls about 28%.

Two entities now run half of Ethereum's consensus layer. The foundation sold the decentralization thesis to fund operations, and the buyer is accelerating centralization with the proceeds. The bear case: the foundation knows something about ETH at $2,337 that you don't. The bull case: 10% of supply is now locked in staking products that cannot hit the orderbook for months. Watch net exchange outflows. If they hold above 500,000 ETH per month, the supply side is cooked.

Read also: Ripple CTO Destroys XRP Conspiracy Theories

Iran Sends New Proposal to US – Talks Continue

Axios reports that Iran, through Pakistani mediators, has given the US a new proposal for reaching a deal on reopening the Strait of Hormuz and ending the war. Nuclear negotiations are postponed for a later stage under this deal. President Trump will meet with his top national security and foreign policy team on Monday to discuss the negotiations.

Trump has signaled he wants to continue the US "blockade" of the Strait of Hormuz. He also said the Iranian position led him to cancel a planned trip by his envoys Steve Witkoff and Jared Kushner to Pakistan. Indirect US‑Iran talks appear to still be ongoing.

All in all, Bitcoin touched $79K but failed to hold. LDO and PENGU are leading altcoin gains. The Ethereum Foundation's massive 100,000 ETH sale raises centralization concerns. Iran talks continue, keeping macro uncertainty alive. A busy Sunday in crypto.