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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>.
CME报告：BTC持仓增1.38%，ETH增10.96%
CoinWorld data: According to the CME cryptocurrency open interest weekly report, BTC open interest this week was 21,040 contracts, up 1.38% week-over-week; ETH open interest was 28,344 contracts, up 10.96% week-over-week.
Meta CFO: The payback period for new AI investments is relatively long, but the potential is enormous.
CoinWorld news: Meta's CFO stated that the payback period for the new round of AI investments is longer than that of the core advertising business, but these investments have already generated considerable incremental advertising revenue through stronger user engagement, better recommendations, and more efficient monetization methods. He noted that with these advances, the company's MSL investments are creating the technology and infrastructure needed to unlock significant new revenue opportunities and enhance business capabilities. Although the return generation time for these investments is longer, the broad monetization opportunities and internal efficiencies give them confidence in the long-term potential.
Israeli Prime Minister Netanyahu: hopes to use crypto and blockchain to address economic and banking restrictions.
Israeli Prime Minister Benjamin Netanyahu has said he wants to use cryptocurrency and blockchain technology to address potential economic and banking restrictions.
White House: U.S. President Trump signs proclamation adjusting the scope of specific tariffs imposed on Canadian products.
CoinWorld news, White House: U.S. President Trump signed a proclamation adjusting the scope of application of specific tariffs imposed on Canadian products.
ETH/BTC比率报0.029481
According to Bijie.com data: market conditions at the same point in time show that 1 ETH is approximately equal to 0.029481 BTC.
Concurrence launches AI system to protect hospital patient data
CoinWorld news: Days after Quest Diagnostics was hacked and patient records were leaked, Concurrence launched a new AI system designed to ensure that patient data at hospitals does not leave the hospital. The system serves roughly half of the hospitals and doctors in the United States.
Iran says two supertankers struck mines and exploded in the southern Strait of Hormuz.
According to CoinWorld news, the Islamic Revolutionary Guard Corps Navy announced that earlier on the 23rd, two supertankers attempting to illegally cross the southern part of the Strait of Hormuz struck mines; the explosions and fires crippled their engine rooms and left them anchored in place. The two tankers were carrying more than 4.5 million barrels of crude oil in total and were abandoned in the southern Strait of Hormuz after striking the mines, with the crew abandoning ship to escape.
President Trump: I doubt Iran will take the initiative to say "let's get down to business."
CoinWorld news, U.S. President Trump: I doubt Iran will take the initiative to say "let's get down to business."
CFTC: As of October 20, net long positions held by COMEX gold speculators decreased by 2,392 lots to 108,685 lots.
CoinWorld data: The U.S. Commodity Futures Trading Commission (CFTC) reported that for the week ended October 20, net long positions held by speculative traders in COMEX gold fell by 2,392 lots to 108,685 lots. Meanwhile, net long positions held by speculative traders in COMEX silver fell by 1,988 lots to 3,746 lots, and net long positions held by speculative traders in COMEX copper fell by 13,161 lots to 48,009 lots.