Coinbase faced backlash on Twitter after referring to memecoin PEPE as a "hate symbol" in a newsletter. The hashtag #DeleteCoinbase trended as fans of PEPE threatened to move to other crypto exchanges. However, Coinbase's Chief Legal Officer, Paul Grewal, apologized for the oversight and acknowledged that the newsletter did not provide the full history of the meme. While PEPE's value had previously surged to a market cap of $1.6 billion, its price has since dropped significantly. The Anti-Defamation League has noted that while the original Pepe meme did not have racist connotations, the use of bigoted versions of the meme has increased over time.
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Coinbase apologizes after calling memecoin PEPE a "hate symbol" in newsletter
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