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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>.
Andy Jassy: AWS cloud computing capacity will be essentially sold out by 2027, and a portion of 2028 has already been sold.
CoinWorld news, according to Cointelegraph, Amazon CEO Andy Jassy said that AWS cloud computing capacity is basically sold out through 2027, and part of 2028 has also been sold. This shows the reality of the AI computing competition.
Arthur Hayes-linked address moves 8,000 ETH, possibly preparing to sell
According to CoinWorld news, a wallet address associated with Arthur Hayes transferred 8,000 ETH, worth approximately $19 million. Of this, Binance, Galaxy Digital, and FalconX each received 1,600 ETH, each worth about $3.8 million, suspected to be for sale. The above transfers do not yet prove that the related ETH has actually been sold.
The total Put/Call ratio for US stock options reported 0.93.
CoinWorld US stock data: The total Put/Call ratio for US stock options is 0.93, with call option trading volume higher than put option volume for the day. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.01; compared with the same-caliber snapshot 7 days ago, it increased by 0.01.
Arthur Hayes returns, moving $6.66 million in tokens.
CoinWorld news: After a 9-day break, Arthur Hayes has returned and moved approximately $6.66 million worth of tokens, which are expected to be sold: · 14 million $ENA (about $2.74 million) transferred to Binance · 323,000 $UNI (about $2.24 million) transferred to Wintermute · 3 million $ZAMA (about $213,700) transferred to Wintermute · 1.89 million $ETHFI (about $1.22 million) transferred to FalconX · 120,000 $PENDLE (about $242,400) transferred to his CEX/MM deposit wallet. Wintermute sent him $2.426 million in $USDC (about $2.43 million), likely the proceeds from the $UNI and $ZAMA sales. Address: 0x6cd66dbdfe289ab83d7311b668ada83a12447e21.
CFTC Chairman: Prediction markets face regulatory scrutiny
CoinWorld data: CFTC Chairman Michael Selig said the CFTC is monitoring prediction markets to prevent potential manipulation ahead of the 2026 U.S. midterm elections. In an interview on October 23, Selig mentioned that the agency is focusing on surveillance of election markets and has not identified any new election-related enforcement cases. Research from Dune shows that as of October 18, the total open interest for the midterm elections on Kalshi and Polymarket was $250 million.
BTC chips show a three-peak distribution, with the center of trading activity shifting upward.
CoinWorld data: Pro chip distribution data shows that over the past 3 days, the BTC chip structure has exhibited a three-peak distribution, with the dense trading areas gradually shifting upward. The most densely traded prices are $81,770.82, $82,879.19, and $84,541.74, respectively. A multi-peak distribution means that the market has multiple cost zones at different price levels, with significant divergence in consensus. Each chip peak will become an effective short-term support or resistance level. The current price is approaching $81,770.82, and the shift between offense and defense at this level will determine the direction of volatility in the next stage.
AI compute demand is red-hot: Amazon AWS capacity is sold out through 2027, and most of 2028 has been snapped up as well.
According to CoinWorld news, Amazon CEO Andy Jassy stated that AWS continues to see strong demand for core computing power for the coming years, with 2026 capacity already sold out, 2027 also essentially sold out, and most of 2028 capacity likewise already booked in advance. Speaking on an Andreessen Horowitz podcast released Friday, Jassy said AWS will still reserve some computing power for on-demand computing services, EC2 cloud servers, and the AI model inference service Bedrock to meet customers' immediate needs. In addition, Amazon is continuing to advance its custom chip strategy. The early acquisition of Annapurna Labs was one of Amazon's most successful acquisitions, and the team is currently responsible for developing the AI chip Trainium and the Graviton CPU. Amazon's investment in Anthropic has also driven cooperation between the two sides on Trainium chips, further promoting synergy between chip research and development and AI computing power demand.
VXN Nasdaq 100 Volatility Index daily change reported at -1.46%
CoinWorld US stock data: The VXN Nasdaq 100 Volatility Index fell 1.46% from the previous trading day. Compared with the same-caliber snapshot 24 hours earlier, it dropped 19.0709 percentage points; compared with the same-caliber snapshot 7 days earlier, it dropped 19.9858 percentage points.
S&P 500 asset management institutions net long 904,019 contracts
BiJie Network US stock market data: In S&P 500 index futures, asset management institutions held a net long position of 904,019 contracts, accounting for 46.24% of open interest.