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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>.
Iran's president calls for another attempt to reach an agreement.
According to CoinWorld news, Iranian President Masoud Pezeshkian, in a speech broadcast on state television on Saturday, blamed the United States for the failure of negotiations over an interim agreement, but said the two sides should still try again to reach a deal. Pezeshkian said: "We were negotiating, and it was those cowardly Americans who messed everything up... I still believe we should keep working to reach an agreement."
Netanyahu: Israel plans to use blockchain to counter international sanctions
According to a report from Bihaiwang, Israeli Prime Minister Benjamin Netanyahu said on October 23 that Israel may face international banking sanctions and has asked officials to prepare plans to use blockchain and digital currencies to keep funds flowing if sanctions occur. In a television interview with economic journalist Roy Katz, when asked whether blockchain could serve as an alternative, Netanyahu replied: "Of course it is one of them." He stressed that Israel needs an economy capable of bypassing banking sanctions. Although the idea has not yet been concretized, Netanyahu's remarks show Israel's strategic thinking in dealing with potential sanctions.
HSBC launches stablecoin Redcoin across 3 million wallets.
BiJie Network news: HSBC, the largest bank in Hong Kong, launched the stablecoin Redcoin on Friday. More than 3.3 million PayMe users will activate the stablecoin in the coming days in order to pay friends or shop at more than 100,000 merchants. John O'Neill, HSBC's Managing Director of Digital Assets and Currencies, said: "We are excited about the market's interest in HSBC Redcoin. This is just the beginning. We will soon add more products, including expanding into wholesale enterprise and institutional use cases." Redcoin (ticker RCHKD) is designed to always be equivalent in value to one Hong Kong dollar. HSBC obtained an issuance license from the Hong Kong Monetary Authority in April 2025, making it a standout in a highly competitive market.
BTC DVOL指数报37.59点
CoinWorld data: The latest reading of the BTC DVOL index is 37.59 points.
The VVIX volatility index stands at 109.7 points.
BiJie.com US stock data: The VVIX volatility index closed at 109.7 points. Compared with the same-caliber snapshot 24 hours earlier, it rose 1.76 points; compared with the same-caliber snapshot 7 days earlier, it fell 0.21 points.
pump.fun generated $1.98 million in revenue over the past 24 hours, surpassing Hyperliquid.
CoinWorld data: pump.fun's protocol revenue over the past 24 hours reached $1.98 million, surpassing Hyperliquid's $1.96 million and trailing only Tether's $17.28 million and Circle's $6.88 million.
Ukrainian President Zelensky: Starlink restrictions have been fully lifted.
CoinWorld news, Ukrainian President Zelensky: Starlink restrictions have been fully lifted.
The Blockchain Association sends a letter to the U.S. Congress urging tax exemptions for small cryptocurrency transactions.
The Blockchain Association sent a letter on October 24 to U.S. congressional leaders, including Senate Majority Leader Thune, Minority Leader Schumer, House Speaker Johnson, and House Minority Leader Jeffries, to push for digital asset tax legislation, and launched the website taxclarityforamerica.com to help users contact lawmakers. The association's demands include establishing an exemption for small crypto transactions, treating qualified stablecoins as cash, and taxing mining and staking rewards at the time of disposition. The Blockchain Association cited data stating that 67 million Americans hold or use digital assets.
Netanyahu says the Palestinian Authority will face a "big surprise"
According to a report by Bijie Network, Israeli Prime Minister Netanyahu stated that the Palestinian Authority (PA) will receive a "big surprise." This comes after he ordered a large-scale military operation following attacks on Israeli soldiers in the occupied West Bank. In an interview with Israel's i24 News channel on Friday evening, Netanyahu said: "In this election, we must prevent the establishment of a Palestinian state." On the eve of the legislative elections, he did not directly answer whether he intended to dissolve the Palestinian Authority, but hinted that he preferred a strategy of "surprise and ambush." He said: "I will take certain measures that are currently best kept secret to eliminate this threat, thereby maintaining the advantage of 'surprise.' In addition, the Palestinian Authority will also receive another 'big surprise.'" "We can encourage more countries to join the Abraham Accords, and these countries will not make the establishment of a Palestinian state a precondition, because they know we will never accept that. Moreover, we are talking about more than two countries." He added: "We have changed the Middle East. I promised to bring change, and we have indeed done so."