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>.
Bitcoin Core security rules updated, AI helps discover vulnerabilities
According to CoinWorld news, developers have stated that Bitcoin Core has revised its security rules to address the situation where AI makes certain vulnerabilities discoverable through simple prompts. Developers will accelerate the fixing of easily discoverable flaws and issue security advisories when updates are released, rather than adopting lengthy disclosure embargoes. Developer Antoine Poinsot said that AI has significantly lowered the threshold for discovering vulnerabilities and made quietly introduced fixes easier to detect, thereby making long-term confidentiality less effective. Other vulnerabilities will retain the existing disclosure timeline, which may extend to about a year after a fix is released. This change is intended to deliver patches to node operators more quickly and does not announce any new Bitcoin vulnerabilities or network compromises.
Arthur Hayes从Galaxy Digital和Flowdesk收到1173万美元USDC
币界网消息，Arthur Hayes收到来自Galaxy Digital和Flowdesk的1173万美元USDC，此前他转移了约8000枚ETH（约1869万美元）。剩余收益约为696万美元，地址为0x6cd66dbdfe289ab83d7311b668ada83a12447e21。
Morgan Stanley provides Terawulf with a $400 million credit facility, an increase of 60% from $2.5 million.
According to Cointelegraph, Morgan Stanley provided mining company Terawulf with a $400 million credit facility, a 60% increase from the previous $250 million. This mining company, which has transformed into an AI data center, continues to receive financial support from Wall Street.
BTC liquidations totaled $156 million over the past 24 hours.
CoinWorld data: BTC liquidations over the past 24 hours totaled approximately $156 million, with 4,929 liquidation orders recorded. Compared with the same-caliber snapshot 24 hours earlier, this is up 452.82%; compared with the same-caliber snapshot 7 days earlier, it is up 639.84%.
The long-short account ratio for BTC contracts is 2.17.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.17, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0823; compared with the same-caliber snapshot 7 days ago, it rose by 0.4613.
Bloomberg: The AI boom is relying on circular financing, and investors are recalling 2008.
According to Bloomberg, the AI boom is increasingly relying on circular financing, which reminds some investors of 2008. Chipmakers and cloud computing giants are investing in or lending to AI companies, which then use those funds to purchase chips and computing power from the same companies. Recent examples include: Broadcom ($AVGO) agreeing to lend up to $42 billion to Anthropic for purchasing chips and computing hardware; Nvidia ($NVDA) has invested more than $40 billion in AI companies this year, including a $30 billion investment in OpenAI.
Peter Schiff: The bursting of the AI bubble will lead to a recession.
Benzinga reports that Peter Schiff warns a recession is imminent due to the bursting of the AI bubble, but prediction markets are not buying it.
The 4-hour trading volume ratio of SOL contracts to spot is 10.13.
CoinWorld data: Over the most recent 4 full hours, SOLUSDT perpetual contract trading volume was 10.13 times its spot trading volume. Compared with the same-metric snapshot 24 hours earlier, it rose by 4.1025; compared with the same-metric snapshot 7 days earlier, it rose by 1.78.
The 4-hour trading volume ratio of ETH contracts to spot is 13.28.
Bijie data: Over the most recent 4 complete hours, ETHUSDT perpetual contract trading volume was 13.28 times the spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 3.4221; compared with the same-caliber snapshot 7 days earlier, it fell by 0.2203.