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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>.
The Monetary Authority of Singapore announces the expansion of the bloom cross-border digital currency settlement initiative.
Singapore's central bank announced the expansion of the bloom cross-border digital currency settlement initiative, with Bank Negara Malaysia and the Bank of Thailand joining as policy-making members. bloom is a public-private partnership initiative covering regulated stablecoins and tokenized deposits, with participants including Mastercard, Visa, Nium, Ripple, Circle, Coinbase, Airwallex, Maybank, Monee, ShopeePay, and the World Bank Group. The initiative will study the receipt of different forms of currency, inter-institutional contracting, settlement, and system connectivity, and will implement identity verification and sanctions screening through programmable controls, with applications covering payments, corporate treasury, and trade finance.
The Monetary Authority of Singapore announces the expansion of the Project Bloom, with the central banks of Malaysia and Thailand joining.
CoinWorld news, the Monetary Authority of Singapore announced on October 24 that the bloom cross-border digital currency settlement initiative has been expanded, with Bank Negara Malaysia and the Bank of Thailand joining as policy-making members. bloom covers regulated stablecoins and tokenized deposits, and its participants include Mastercard, Visa, Nium, Ripple, Circle, Coinbase, Airwallex, Maybank, Monee, ShopeePay, and the World Bank Group. Visa and Nium have been testing a seven-days-a-week stablecoin settlement pilot since August 25, and Ripple and ARF announced on October 22 that they would provide settlement financing using the Ripple USD stablecoin RLUSD.
Italian police dismantle mafia underground banking network involved in $76.29 million in cryptocurrency money laundering.
According to CoinWorld news, Italy's financial police have dismantled an underground banking network linked to the mafia, arresting 30 people. The organization issued 110 million euros in fake invoices through shell companies, involving an amount of $123.45 million, and laundered $76.29 million through cryptocurrency exchanges. Authorities plan to confiscate 21 million euros in assets, and police in Spain and Switzerland are assisting in tracking down related suspects.
An Argentine judge has dropped the investigation into Milei over a cryptocurrency case.
A federal judge in Argentina announced on October 23 the dismissal of the criminal investigation into President Milei and others in the $libra cryptocurrency case. Milei responded on social media, saying he would seek compensation for damage to his reputation.
Exchange-traded product options Put/Call ratio reported at 0.95
Coin World US stock data: The Put/Call ratio for exchange-traded product options is 0.95, with call option trading volume higher than put option volume on the day. Compared with the same-caliber snapshot 24 hours earlier, it decreased by 0.16; compared with the same-caliber snapshot 7 days earlier, it decreased by 0.11.
Privacy coins are showing strong performance, while BTC and ETH are seeing whale accumulation and exchange outflows.
CoinWorld data: According to Santiment's weekly report, despite market concerns triggered by the PHP security vulnerability, privacy coin XMR rose 6.6% and ZEC rose 6.2%. Wallets holding 10 to 10,000 BTC accumulated about 110,000 BTC within a month, and about 170,000 ETH flowed out of exchanges on October 22.
Financial Associated Press, October 24 — Ukraine says all restrictions on Starlink have been lifted.
CoinWorld news, according to a report by Cailian Press on October 24, Ukraine stated that all restrictions on Starlink have been lifted.
Ukraine's Defense Minister said that Ukraine's Starlink/Starshield connection has been restored and works properly even at speeds of 400 km/h.
CoinWorld news: Ukraine's Defense Minister stated that Ukraine's Starlink/Starshield connectivity has been restored and operates normally even at speeds of 400 kilometers per hour.
The probability of a Fed rate hike in October is about 10%, and the market is betting on a rate hike in December.
According to CoinWorld news, the CME FedWatch tool shows that the market expects about a 10% probability that the Federal Reserve will raise interest rates by 25 basis points in October. Goldman Sachs chief U.S. economist David Mericle expects the Federal Reserve to raise interest rates in December. The market is focused on Federal Reserve Chair Kevin Warsh's remarks at the press conference regarding inflation, financial conditions, and monetary policy in 2027. The market's pricing of the Federal Reserve's rate hike path reflects the high degree of uncertainty in current monetary policy. Goldman Sachs' forecast deviates significantly from mainstream market expectations, intensifying investors' concerns about short-term interest rate volatility. The Federal Reserve Chair's remarks directly determine the direction of risk appetite in financial markets. This speculation over the future policy path will continue to suppress market expectations for a accommodative environment and reinforce the asset pricing logic under a high interest rate environment.