News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
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>.
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.
Kalshi is promoting U.S. inflation futures contracts, with launch planned for December.
According to Bloomberg, Kalshi is pitching U.S. inflation futures to major Wall Street banks and hedge funds, with plans to launch exchange-traded futures contracts tracking the Consumer Price Index (CPI) and core CPI in December. Kalshi has hired former Barclays trader Michael Ashton to lead product design and institutional client development. According to the pitch documents, the contracts will cover the next 12 months, as well as May and November of each year for the following four years, support 24-hour trading from Sunday to Friday, and be cleared by Kalshi Klear. The product is designed to attract institutional investors in the inflation-linked bond and swap markets, advancing Kalshi's expansion from a prediction market into the traditional futures market and competing with exchanges such as CME.
Morgan Stanley's MSBT ETF purchased another 2,865 BTC, worth approximately $2.33 million.
CoinWorld data: Morgan Stanley's MSBT ETF, after 9 days of inactivity, purchased another 28.65 bitcoins from Coinbase Prime, worth approximately $2.33 million. The relevant address is bc1qtll7t6rzfzm3jyw9g65wmxcmn6q2sllmtjvdqg.
Over the past 24 hours
CoinWorld news, Houthi armed forces: Over the past 24 hours, Saudi Air Force F-15 fighter jets took off from Khamis Mushait Air Base and carried out 124 airstrikes and missile strikes on civilian targets in the capital Sanaa and the provinces of Taiz, Lahij, Saada, Hajjah, Hodeidah, Amran, and Al-Jawf, while rocket attacks came from the Najran direction. Since Saudi Arabia escalated its military operations against Yemen, the total number of airstrikes and missile strikes has reached 3,024.
CZ: Bitcoin is at its best buying opportunity when it's "dead."
According to WatcherGuru, Binance founder CZ said that whenever people declare Bitcoin "dead," it is often the best time to buy.
Meta Platforms: Cost of debt default insurance hits record high as AI investment raises concerns
Benzinga reports that Meta Platforms ($META) is facing a bond market warning as the cost of insuring its debt against default has climbed to a record level, reflecting market concerns over the company's AI investments. Meta's five-year credit default swaps rose 7.6 basis points to 114.79 basis points, indicating increased investor demand for protection against potential credit risk. The move comes after Meta sold $55 billion in bonds over the past year, including $30 billion in October 2025 and $25 billion in April. Meta also raised the low end of its 2026 capital expenditure forecast to $135 billion while keeping the high end at $145 billion, in order to accelerate investment in AI infrastructure. Third-quarter free cash flow was negative $2.12 billion, marking Meta's first quarterly cash flow shortfall since 2012. Despite the credit market warning, Meta still held $82.45 billion in cash and marketable securities as of the end of September, with quarterly revenue up 26% to $64.6 billion.