Grant Cardone: $1 million Bitcoin price bet with Jason Karakanis

Trader @Salem1299534 (0xb8f...04eA) bought 7.445 million AI tokens, worth $612,000, 5 hours ago, driving the price of AI up by 25%.

A CryptoQuant report indicates that Bitcoin's return in October 2026 is -4.2%, below the October average of 18.1% since 2020. Bitcoin closed at $83,567 in September and fell to $80,051 on October 25. Spot demand for Bitcoin has been negative daily since October 14, with a cumulative apparent demand of -76,000 BTC as of October 25. US investor buying interest is weak, with the Coinbase premium falling to -0.146 on October 24, compared to an October average of -0.093. Trader profitability has dropped from 33% to 8%, with most of the buffer provided during the September decline exhausted.

[CFTC Chairman Mike Selig: AI and Crypto Integration Drive Autonomous Trading, Regulatory Challenges Remain] Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at an AI forum that the integration of superintelligence (SI), cryptography, and modern financial infrastructure is driving trading systems towards autonomy. Selig raised regulatory issues such as developer registration for autonomous trading agents, attribution of responsibility, and the "Know Your Agent" (KYA) mechanism. He also stated that the CFTC is leveraging AI to strengthen the regulation of the derivatives market.

Ethereum liquidity staking protocol Diva Staking has announced it will be phased out and will not launch on the mainnet. The Diva Staking team ran out of funds in mid-2024, and after three members continued development without pay for approximately two and a half years, they were unable to sustain the project. Early depositors in the staking vault can withdraw their funds from Enzyme. The Diva Staking team was unable to afford the costs of a new audit and protocol launch maintenance, and lacked support from major stakeholders, choosing not to risk a launch.

CryptoQuant analyst CoinNiel stated that as of October 27th (UTC+8), Bitcoin exchange outflows indicate an improved supply situation, but the evidence still supports a neutral stance. Exchanges reversed their net inflow of 7278 BTC on October 26th to a net outflow of 12702 BTC on October 27th, with 7-day and 30-day net outflows of 4633 and 4048 BTC respectively. Inflows were recorded on 4 out of the past 7 days. The funding rate was +0.00762%, higher than the 7-day and 30-day averages; open interest was $25.67 billion, up 0.56% over 7 days and 0.33% over 30 days. The LTH-SOPR decreased from 1.1657 to 1.0124, approaching the break-even point.