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More →Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn’t been healthy and might be followed by a pullback. PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after <a href="https://cryptopotato.com/memecore-m-flips-pepe-pepe-after-pumping-25-in-a-day-details/" rel="nofollow" target="_blank">posting</a> a significant price increase. <a href="https://x.com/TokenTalk3x/status/2112826521102721179" rel="nofollow" target="_blank">According</a> to Token Talk, PEPE’s bulls have “one job right now”: push the token’s market cap above $2.21 billion. “The daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,” the analyst added. X user Sjuul | AltCryptoGems also <a href="https://x.com/AltCryptoGems/status/2113248262987870219" rel="nofollow" target="_blank">issued</a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of “relative strength.” He believes buyers must now hold that flipped support/resistance level to trigger an additional potential pump. For his part, Crypto With Gopal <a href="https://x.com/cryptowithgopal/status/2113563112704192922" rel="nofollow" target="_blank">claimed</a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building. Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn’t be a surprise. The token’s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94. PEPE’s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure. The post <a href="https://cryptopotato.com/pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way/" rel="nofollow" target="_blank">Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow" target="_blank">CryptoPotato</a>.
Ziguang Co.: The construction of computing power infrastructure continues to drive sustained improvement in demand for the company's networking, server, and other products.
CoinWorld news, [Unisplendour: Computing power infrastructure construction drives continued improvement in demand for the company's networking, server, and other products] Cailian Press, October 24 — Unisplendour stated in a reply to investors on its interactive platform that the construction of computing power infrastructure has driven continued improvement in demand for the company's networking, server, and supernode products. The company will collaborate efficiently with upstream and downstream partners across the industry chain and, relying on a diversified, stable, and sustainable supply chain system, ensure stable and continuous delivery. Regarding overseas business expansion, since the beginning of the year, the company has implemented multiple benchmark overseas projects.
Grayscale: Token supply growth may dilute holder rewards
Coin World news, Grayscale has released an analysis report warning that token supply growth in cryptocurrency applications may dilute holder rewards, and proposes a yield-oriented valuation framework. The framework calculates yield by comparing protocol revenue to market capitalization and deducts circulating supply inflation. Among the top 100 tokens by market capitalization in the FTSE Grayscale Financials Crypto Sector, HYPE holders' yield reached 8.0%, CRV was -5.5%, and CAKE had the highest adjusted yield at 14.4% (data as of October 20). Grayscale distinguishes between buybacks and burns, and values Bitcoin separately as a digital commodity.
U.S. regulators finalize stablecoin rules, Bitcoin pulls back, Solana upgrades
According to CoinWorld news, U.S. regulators finalized stablecoin rules this week, and Bitcoin gave up some of its gains after a sharp reversal in ETF fund flows. Meanwhile, Solana activated the Alpenglow upgrade. Corporate Bitcoin financing, institutional custody trading, and Ethereum's delayed testnet upgrade also featured prominently in crypto news coverage from October 18 to 24.
Two ballistic missiles launched by the Houthi militia in Yemen toward Taif and Yanbu have been intercepted and destroyed.
Saudi-led coalition says it intercepted and destroyed two ballistic missiles launched by Yemen's Houthi forces toward Taif and Yanbu.
The U.S. OCC releases final stablecoin rule, removing the automatic 7-day redemption extension provision.
CoinWorld news: The final stablecoin rules under the Genius Act issued by the U.S. Office of the Comptroller of the Currency (OCC) will take effect on January 18, 2027. The new rules remove the automatic 7-calendar-day redemption extension clause and set the upper limit for redemption processing time at 2 business days. If redemption requests on a single day exceed 10% of circulating supply, issuers must notify the OCC supervisory office and may not delay redemptions citing onboarding deficiencies. The revised PS-01 report will track unpaid tokens and redemption duration, with the first reporting dates set for January 25 and March 31, 2027, respectively.
CoinbaseMarkets: Bitcoin net long positions are concentrated at $81,993.
Coinbase Markets says the largest net long Bitcoin position is concentrated at $81,993. With Bitcoin currently trading below that level, the market is watching for changes in positioning. 64% of net long notional positions were established above the spot price. Investors will choose whether to keep adding to their positions or to close them out.
标普500期权Put/Call比报1.25
BiJie.com US stock data: The S&P 500 options Put/Call ratio is 1.25, with put option trading volume higher than call option volume for the day. Compared with the same-caliber snapshot 24 hours earlier, it rose by 0.02; compared with the same-caliber snapshot 7 days earlier, it fell by 0.21.
Zhang Jingjing of China Merchants Securities: A-shares are likely to continue rebounding, and the window for long-term capital allocation is approaching.
According to a report from Bijie Network, Zhang Jingjing, chief macro analyst at the R&D Center of China Merchants Securities, stated that export performance has remained strong since the third quarter, and proactive policy efforts have driven the recovery of domestic demand. The probability of a Federal Reserve rate hike in October is not high, and the global liquidity environment is expected to improve in stages. Combined with a series of regulatory measures and expectations of long-term capital entering the market, A-shares are likely to continue the rebound seen on October 23. Zhang Jingjing pointed out that the fourth quarter is often a window for long-term funds such as insurance institutions to position for the coming year's market, and incremental funds are expected to gradually enter the market, forming a trend-driven boost for directions with low valuations, safety buffers, and growth prospects. She believes that the current investment value of the A-share market is reflected in the aforementioned directions with low valuations, safety buffers, and growth prospects.
The most recent funding rate for the SOL perpetual contract is 0.005079%.
CoinWorld data: The most recent funding rate for the SOLUSDT perpetual contract is 0.005079%, with longs paying shorts. Compared with the same-metric snapshot 24 hours ago, it decreased by 0.0003 percentage points; compared with the same-metric snapshot 7 days ago, it increased by 0.0034 percentage points.