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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>.
BlackRock's IBIT saw a single-day net outflow of $254 million, while the entire BTC ETF industry saw a single-day outflow of $636 million.
CoinWorld data: According to Cointelegraph, spot Bitcoin ETFs saw outflows of $635.6 million in a single day, the largest single-day outflow since June. Among them, BlackRock's IBIT alone saw outflows of $254.1 million.
The United States has ordered the evacuation of some diplomatic personnel from the Middle East.
CoinWorld news: In light of Iran's actions targeting U.S. personnel and the threat posed by Yemen's Houthi armed group, the United States has ordered the evacuation of some diplomatic personnel and adjusted staffing at multiple embassies in the Middle East. The U.S. State Department previously said that, due to the heightened risk posed by the Houthis, the United States had only ordered some diplomatic personnel in Saudi Arabia to leave, but described reports of a broader U.S. evacuation of personnel from the Middle East as "inaccurate." The U.S. official said the threats posed by Iran and the Houthis are prompting the United States to adjust staffing at some embassies in the region that are already in a "limited operations" status.
S&P Global Ratings: Data centers face risk of credit rating downgrades.
S&P Global Ratings said data centers could face credit rating downgrade risks due to construction halts and project cancellations triggered by public opposition in the United States. In a report released Friday, S&P analysts including Chris Mooney noted that project delays caused by limited grid capacity, disputes over environmental sustainability, and adjustments to land zoning policies could further increase the credit risks of data center projects. The report analyzed construction moratoriums in New York, Texas, Pennsylvania, Illinois, and Arizona, and tracked 146 delayed or canceled data center projects in the United States, about three-quarters of which were related to opposition from local residents. The public's main concerns include energy costs, water shortages, air pollution, and noise pollution. S&P noted that the actual impact of these factors on credit ratings remains limited for now, but if construction moratoriums, slower approvals, or policy reversals lead to significant project delays, developers may need to offer rent credits to tenants or even face the risk of tenants terminating contracts early, thereby damaging the projects' credit profiles.
Citigroup and other institutions released their third-quarter earnings preview for Baidu, maintaining a "Buy" rating.
According to a report by Bihaiwang, several institutions including Citi, Daiwa, UBS, and Nomura have recently released their third-quarter performance forecasts for Baidu, all maintaining a "Buy" rating. The institutions expect Baidu's third-quarter AI cloud infrastructure revenue to grow 90% to 99% year-on-year, a marked acceleration from the 50% growth in the second quarter. Among them, Citi expects revenue from this business to grow 99% year-on-year to 8.35 billion yuan in the third quarter, and to increase another 14% quarter-on-quarter in the fourth quarter. Daiwa noted that large customers have already locked in GPU capacity through multi-year prepaid contracts, further enhancing demand visibility. UBS noted that Baidu's current market value is lower than its net cash and total investments, and that multiple institutions have listed expectations for its first dividend payment and progress on the spin-off and listing of Kunlunxin as important subsequent catalysts. According to FactSet data, among the 36 institutions covering Baidu, 30 have given a "Buy" rating.
The Nasdaq advance-decline ratio stands at 1.2605.
BiJie Network US stock data: The Nasdaq advance-decline ratio is 1.2605, with more advancers than decliners. Compared with the same-caliber snapshot 24 hours ago, it is down 0.7185; compared with the same-caliber snapshot 7 days ago, it is up 0.965.
CAICT report: Large model prices have rebounded significantly, with token prices doubling compared to the second half of last year and average daily consumption increasing threefold.
According to a report from Bijie Network, the "Large Model Token Service Performance Monitoring Report (2026)" recently released by the China Academy of Information and Communications Technology shows that token services are exhibiting a trend of rising both in volume and price. Among them, domestic token prices have doubled compared with the second half of last year, and average daily consumption has increased threefold. In June 2026, domestic average daily token consumption was about 500 trillion, nearly four times that of December 2025. After the price wars of the past two years, model service prices at home and abroad rose significantly in 2026. The normalized average price increased from 6.8 yuan in the second half of 2025 to 13.46 yuan this year, an increase of nearly 100%, but foreign prices are still significantly higher than domestic ones. The average normalized price of typical models released since 2026 is about 117.8 yuan.
Over $138 million flowed out of the U.S. spot BTC ETF market.
Yesterday saw significant capital outflows from the U.S. spot BTC ETF market, with net outflows reaching as high as $138 million. Among them, the largest outflow came from HODL, with a single-day net outflow of $0 million, followed by IBIT, which saw a total outflow of $110 million. The spot BTC ETF tracking live-trading strategy developed by the research team shows a significant positive correlation between ETF capital inflows and BTC price.
Update on changes in USDT and USDC circulating supply
According to Bijie data: USDT circulating supply is 182.444 billion USD, down 87.0546 million USD from the previous day; USDC circulating supply is 71.831 billion USD, down 402 million USD from the previous day. Compared with the same-caliber snapshot 24 hours ago, it is down 0.03%; compared with the same-caliber snapshot 7 days ago, it is down 0.5%.
The first AI foundation for the automotive industry has been released, open and shared across the entire industry.
According to a report from Bijie.com, Caixin reported on October 24: On October 23, at the 2026 World Intelligent Connected Vehicles Conference, the National Artificial Intelligence Application Pilot Base, led by China Mobile, officially released the industry's first automotive AI foundation and its construction achievements. Starting today, the capabilities of this AI foundation are open and shared with the entire industry, delivering integrated "computing power-data-models" capabilities across the industry, so that automakers can access them on demand without building their own. At present, the foundation manages 112.7 eflops of computing power, with capabilities covering four major areas: R&D, manufacturing, intelligent driving, and testing. It has built six intelligent agents: automotive styling design, process planning, visual quality inspection, intelligent operations and maintenance, intelligent driving data generation, and intelligent driving model training. Related achievements have already been implemented and applied in more than 10 central state-owned automakers.