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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>.
OpenAI expects future models to identify unnoticed security vulnerabilities.
Coin World news, Cailian Press, October 24: OpenAI said it expects future models to be able to identify and exploit security vulnerabilities that are currently undetected. The company resumed reinforcement learning training and internal inference work for frontier models on October 1.
BTC liquidations totaled $24.6791 million over the past 24 hours.
CoinWorld data: BTC liquidations over the past 24 hours totaled approximately $24.6791 million, with 2,141 liquidation orders recorded. This represents a decrease of 82.19% compared with the same-metric snapshot 24 hours earlier, and a decrease of 70.02% compared with the same-metric snapshot 7 days earlier.
The International Atomic Energy Agency: Power infrastructure critical to preventing a nuclear accident during the conflict in Ukraine has been repaired.
CoinWorld news, International Atomic Energy Agency: Power infrastructure critical to preventing a nuclear accident during the Ukraine conflict has been repaired.
OpenAI tightens controls on frontier model training
CoinWorld news: OpenAI announces strengthened controls over frontier model training.
The long-to-short ratio of BTC whale accounts is 2.1299.
CoinWorld data: The latest 4-hour snapshot for BTCUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 2.1299, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it is down 0.0029; compared with the same-caliber snapshot 7 days ago, it is up 0.3728.
Iraqi Prime Minister: Iraq plans to gradually increase oil production to 10 million barrels per day by 2032.
Iraq's Prime Minister: Iraq plans to gradually increase oil production to 10 million barrels per day by 2032.
The CFTC is focusing on prediction market manipulation and warns that violators will be held accountable.
CoinWorld news, according to Cointelegraph: The U.S. Commodity Futures Trading Commission (CFTC) is closely monitoring prediction markets to prevent manipulation ahead of the U.S. midterm elections. The CFTC's Mike Selig warned that violators will be held accountable.
The SEC lists AI and tokenization as systemic market risks.
Coin World news: The U.S. Securities and Exchange Commission (SEC) has listed "superintelligence" and tokenization as systemic market risks in its fiscal year 2027 priorities. In its eight priorities released on Thursday, the SEC's Division of Examinations mentioned "superintelligence and other advanced technologies that may affect market operations, compliance, fraud prevention, and investor protection." This signals the SEC's intention to examine the impact of AI tools on compliance procedures and fraud detection. Tokenization was also listed as a priority area for market infrastructure, with the SEC noting "risks associated with evolving market infrastructure, including Treasury clearing reform, tokenization, and related developments." The SEC's examination program now covers more than 34,000 registered entities, including investment advisers, investment companies, broker-dealers, clearing agencies, and transfer agents.
Chainlink partners with LG CNS to develop blockchain infrastructure in South Korea.
According to CoinWorld news, Chainlink ($LINK) has partnered with South Korea's LG CNS to develop blockchain infrastructure for the country's $68 billion digital asset market. The collaboration will focus on stablecoins, tokenization, and connecting traditional finance with blockchain networks. LG CNS also led the Bank of Korea's Hangang project, a digital currency initiative involving 7 banks and 80,000 customers. South Korea currently has more than 11 million eligible crypto users.