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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 UK FCA has released new rules for crypto trading, requiring licenses to be obtained by 2027.
According to CryptoSlate, the UK Financial Conduct Authority (FCA) has published draft guidance stating that if crypto applications automatically select trading venues or routes for users by evaluating prices, liquidity, and other factors through algorithms, such activity will be regarded as the regulated conduct of "arranging deals," and a license must be obtained before the new rules take effect in October 2027. DeFi aggregators that promise "best execution" or involve autonomous routing fall within this scope, and smart contracts and DAO structures cannot exempt them from liability. The transition period for existing UK crypto firms to apply for licenses will close on February 28, 2027.
The S&P 500 Tail Risk Index stands at 151.8 points.
CoinWorld US stock market data: The S&P 500 tail risk index closed at 151.8 points. Compared with the same-caliber snapshot 24 hours earlier, it fell 0.59 points; compared with the same-caliber snapshot 7 days earlier, it fell 16.79 points.
BTC liquidations totaled 68.4267 million USD over the past 24 hours.
According to data from Bijie.com, the liquidation amount for BTC over the past 24 hours was approximately 68.4267 million USD, with 3,575 liquidation orders recorded. Compared with the same-caliber snapshot 24 hours earlier, this is up 98.44%; compared with the same-caliber snapshot 7 days earlier, it is up 19.72%.
Bitcoin Core updates its security policy: vulnerabilities easily found by AI will be fixed and released immediately.
Bitcoin Core has changed its approach to handling security vulnerabilities, abandoning long-term confidentiality for vulnerabilities that AI can easily discover and instead immediately backporting fixes and releasing versions. The policy update was merged this Thursday, initiated by Chaincode Labs developer Antoine Poinsot. Large language models have lowered the barrier to discovering vulnerabilities and identifying code fixes, leading to a surge in such vulnerability reports.
The long-short account ratio for BTC contracts is 2.2.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.2, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0041; compared with the same-caliber snapshot 7 days ago, it rose by 0.4883.
Hong Kong's largest bank brings stablecoins to 3 million wallets
CoinWorld news: Hong Kong's largest bank has announced that it will introduce stablecoins into 3 million wallets. This move marks the bank's further development in the field of digital currency.
Injective CEO met with the White House and U.S. regulators to discuss on-chain finance and RWA tokenization.
CoinWorld news, Injective CEO Eric Chen recently met with officials from the White House, the U.S. Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) to discuss regulated on-chain finance and real-world asset (RWA) tokenization. Injective was registered with the SEC as a transfer agent in August 2026. The company says the value of its on-chain tokenized RWAs exceeds $1 billion, and cumulative trading volume of RWA perpetual contracts has surpassed $5.3 billion.
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.