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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>.
Google Quietly Updates Privacy Policy to Let Gmail and Photos Data Feed Ads
Google has carved out an exception to its long-standing promise not to use Gmail, Drive, and Google Photos content for advertising, quietly revising its <a href="https://policies.google.com/privacy?hl=en-US&client_theme=dark" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>privacy policy</a> so that data from those apps can help personalize ads when users connect it to the company’s AI features. The change, which took effect Oct. 16 and was first spotted by <a href="https://www.androidauthority.com/google-personal-intelligence-privacy-3727111/" target="_blank" rel="noopener nofollow external" class="sc-adb616fe-0 dJryYS">>Android Authority</a>, adds a conditional clause to a pledge Google has made for years. The updated policy now reads that Google doesn’t show personalized ads based on content from Drive, Gmail, or Google Photos “unless you choose to make data from these services available to other Google services that support personalized ads.” The catch hinges on Personal Intelligence, Google’s push to make its AI tools more useful by letting features like AI Mode in Search and Gemini draw on a user’s own data. Connecting Gmail, Drive or Photos to those tools delivers more tailored answers, such as surfacing a hotel reservation buried in an inbox. But under the revised wording, that same connected data can now also inform which ads a person sees. Google stressed the limits. Content from the three services still isn’t used for ad targeting by default, advertisers don’t get access to the contents of anyone’s Gmail, Drive or Photos, and the company says it won’t share personally identifying details without permission. In practice, that means Google isn’t scanning private emails and photos wholesale to sell ads, but users who opt into its AI conveniences may be trading some ad privacy for them. Users can opt out by disconnecting the apps under Connected Content apps in their Google Account’s Data & privacy settings, or by turning off personalized recommendations, though Android Authority noted that previously collected data may linger in a user’s Search history even after disconnecting. The quiet rollout echoes recent Google privacy posturing around its AI ambitions. As <i>Decrypt</i> reported in May, Google’s Chrome browser began <a href="https://decrypt.co/367060/chrome-quietly-installing-4gb-ai-model-computer" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>silently installing</a> a multi-gigabyte on-device AI model on users’ computers, and separately removed a privacy claim tied to its <a href="https://decrypt.co/367193/chrome-removes-privacy-claim-gemini-nano-google" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>Gemini Nano model</a>, both moves that drew scrutiny over how the company handles user data as it races to embed AI across its products. <span class="md:block">Start every day with the top news stories right now, plus original features, a podcast, videos and more. </span>
The 4-hour trading volume ratio of SOL contracts to spot is 7.48.
CoinWorld data: Over the most recent 4 complete hours, SOLUSDT perpetual contract trading volume was 7.48 times its spot trading volume. This is up 1.6849 compared with the same-methodology snapshot 24 hours earlier, and up 0.3806 compared with the same-methodology snapshot 7 days earlier.
Tanker freight rates soar, benchmark pricing sparks controversy, and the "Dow Jones of shipping" faces a lawsuit.
Mercuria, one of the world's largest commodity traders, is suing the 282-year-old Baltic Exchange, the Financial Times reported. The UK High Court will begin hearing the case on Monday, with the core dispute centering on whether the Baltic Exchange should continue publishing benchmark tanker freight rates for routes through the Strait of Hormuz after the US and Israel went to war with Iran this year. Mercuria argues that, after the outbreak of the war, shipping volumes through the strait plummeted and Iran claimed a blockade, so the Baltic Exchange should suspend its flagship tanker route benchmark index "TD3C." The Baltic Exchange contends that short-term inactivity on a route is not unusual, that ships are still transiting, and that it relies on experienced brokers to provide freight rates. Its lawyers warned that if Mercuria prevails, it would trigger "chaotic market-wide consequences," with hundreds of trades potentially forced to unwind.
Israeli military: All land crossings in the West Bank will be closed on the October 27 election day.
Israeli military: All land crossings in the West Bank will be closed on the October 27 election day.
The 4-hour trading volume ratio of ETH contracts to spot is 14.61.
CoinWorld data: Over the most recent 4 complete hours, ETHUSDT perpetual contract trading volume was 14.61 times the spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it rose by 2.389; compared with the same-caliber snapshot 7 days ago, it fell by 0.6426.
AI overcapacity concerns intensify as 79% of enterprises report GPU utilization below 50%
According to a report from Bijie.com, the latest data shows that 79% of surveyed enterprises use GPUs at a utilization rate below 50%. Nevertheless, 70% of enterprises still plan to adopt new AI computing platforms. At the same time, 91% of the companies planning new platforms lack financially reviewed return on investment (ROI) estimates, which has raised concerns about the growth of AI spending.
The Ministry of Industry and Information Technology is advancing a special initiative on "AI + software," and analysts are optimistic about the deployment of AI applications.
According to CoinWorld news, the Ministry of Industry and Information Technology has called for accelerating the "AI + Software" special initiative and supporting the development of agent software. Analysts believe that driven by policy, AI applications will move from "local exploration" to "systematic implementation." The company has released multiple agent products, and several clients have already achieved commercial deployment; another company has integrated its full-stack AI large-model solution with DeepSeek.
The 4-hour trading volume ratio of BTC contracts to spot is 9.81.
CoinWorld data: Over the most recent 4 complete hours, BTCUSDT perpetual contract trading volume was 9.81 times spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.2254; compared with the same-caliber snapshot 7 days ago, it rose by 1.3098.
Papertrade generated $8.5 million in revenue over the past 7 days, ranking fifth across the entire network.
CoinWorld data: Papertrade's revenue over the past 7 days reached $8.5 million, ranking fifth among all protocols by revenue, trailing only Tether, Circle, Pump.fun, and Hyperliquid.