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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>.
Privacy coins are showing strong performance, while BTC and ETH are seeing whale accumulation and exchange outflows.
CoinWorld data: According to Santiment's weekly report, despite market concerns triggered by the PHP security vulnerability, privacy coin XMR rose 6.6% and ZEC rose 6.2%. Wallets holding 10 to 10,000 BTC accumulated about 110,000 BTC within a month, and about 170,000 ETH flowed out of exchanges on October 22.
Financial Associated Press, October 24 — Ukraine says all restrictions on Starlink have been lifted.
CoinWorld news, according to a report by Cailian Press on October 24, Ukraine stated that all restrictions on Starlink have been lifted.
Ukraine's Defense Minister said that Ukraine's Starlink/Starshield connection has been restored and works properly even at speeds of 400 km/h.
CoinWorld news: Ukraine's Defense Minister stated that Ukraine's Starlink/Starshield connectivity has been restored and operates normally even at speeds of 400 kilometers per hour.
The probability of a Fed rate hike in October is about 10%, and the market is betting on a rate hike in December.
According to CoinWorld news, the CME FedWatch tool shows that the market expects about a 10% probability that the Federal Reserve will raise interest rates by 25 basis points in October. Goldman Sachs chief U.S. economist David Mericle expects the Federal Reserve to raise interest rates in December. The market is focused on Federal Reserve Chair Kevin Warsh's remarks at the press conference regarding inflation, financial conditions, and monetary policy in 2027. The market's pricing of the Federal Reserve's rate hike path reflects the high degree of uncertainty in current monetary policy. Goldman Sachs' forecast deviates significantly from mainstream market expectations, intensifying investors' concerns about short-term interest rate volatility. The Federal Reserve Chair's remarks directly determine the direction of risk appetite in financial markets. This speculation over the future policy path will continue to suppress market expectations for a accommodative environment and reinforce the asset pricing logic under a high interest rate environment.
DeFi total value locked daily snapshot reports 89.609 billion USD
CoinWorld data: The 2026-10-24 daily snapshot shows that total DeFi TVL was $89.609 billion, down 0.54% compared with the previous comparable statistical period.
JUST upgrades the JST buyback and burn mechanism, injecting $20.34 million in surplus funds.
CoinWorld data: JUST announces an upgrade to the JST buyback and burn mechanism, injecting $20.34 million in surplus funds. The sources of funding for this buyback have been expanded to JustLend, USDD, and GasFree. GasFree has cumulatively processed over $15.71 million in stablecoin transfers across 9.14 million transactions, covering more than 500,000 addresses. Cumulative revenue from March 2025 to the third quarter of 2026 is estimated at approximately $12.03 million. The mechanism sets a $50 million capital safety floor, and the first batch of $20.34 million in surplus funds will be injected into the buyback in four rounds starting from the fourth quarter of 2026. JUST's total value locked is approximately $12.2 billion, with JustLend's TVL exceeding $7.13 billion.
Arjun Sethi: Asking Monero buyers about the purpose of holding the coin is the wrong approach.
Coin World news: Kraken co-CEO Arjun Sethi said that Kraken's practice of asking Monero buyers about the purpose of holding the coin was wrong and has been withdrawn, and XMR will continue to be listed and traded on Kraken. Kraken does not accept XMR deposits, and users in the European Economic Area, the United Kingdom, Canada, and Australia are restricted. On Saturday morning, XMR was quoted at about $581, down about 5% in 24 hours. On-chain investigator ZachXBT identified FreedomXMR as a money-laundering channel and traced about $20 million flowing out of exploited wallets through privacy coins.
HTX adds Russia to restricted list, Bitget and MEXC exit
HTX has announced that it is adding Russia to its list of restricted jurisdictions, allowing it to restrict services and close affected accounts. The move follows similar decisions by Bitget and MEXC, as UK and EU sanctions and reports that Binance has suspended trading matching and network connections with HTX have put pressure on HTX's international operations. Under the updated user agreement, HTX's restrictions apply to individuals residing in Russia or accessing the platform from Russia, as well as companies registered or primarily operating in Russia. HTX has not yet disclosed when the restrictions will take effect or whether it has begun suspending Russian accounts. Meanwhile, Russia has now joined other restricted jurisdictions, including the United States, the United Kingdom, the European Union, Singapore, Iran, and Syria.
US ETF options volume was 2,596,738 contracts.
CoinWorld US stock data: US ETF options volume was 2,596,738 contracts, of which 1,227,375 were calls and 1,369,363 were puts.