Crypto Market News: The PEPE Coin took the crypto market by storm as it zipped past the top 100 crypto token club in terms of market size in a space of just two weeks. The frenzy around the cryptocurrency is now spread to various other memecoins, while the rest of the crypto market has been in a lull as Bitcoin price saw sideways movement in the past few weeks. In the meanwhile, the listing of PEPE in some of the top crypto exchanges came as a timely boost for the memecoin.

Also Read: Bitcoin, Ethereum Price Rises As US CPI Inflation Cools To 4.9%

On Wednesday, the Bitcoin price saw positive momentum as it went past $28,000 mark following the US CPI data. For the month of April 2023, the annual US Consumer Price Index (CPI) inflation came in at 4.9%, lower than the 5% expected figure. Whereas PEPE, with a 103% rise over the last 7 days, has been witnessing sideways pattern since its Binance listing.

Robinhood PEPE Coin Listing Soon?

In terms of asset listing of PEPE, the two major platforms that are yet to take the initiative are Robinhood and Coinbase. Popular influencers in the crypto market are speculating on the prospect of Robinhood listing the memecoin next.

#Robinhood Should List $PEPE Next.

— JAKE (@JakeGagain) May 10, 2023

Another Twitter account ‘Backwards’ predicted that the memecoin will be listed on Robinhood by May 19, 2023.

Also Read: Crypto Giant Galaxy Digital Moving Operations Off Shore Citing US Regulatory Headache

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Twitter continues to persist in its push into the payments space.

CEO Elon Musk wants Twitter payments to be primarily in fiat currencies, but engineers will build the payments product in such a way that crypto payments could be added in the future, Financial Times has reported.

Dogecoin—a cryptocurrency Musk has previously pumped—saw a spike in price after the news was announced Monday, sending DOGE from $0.08 to $0.09. DOGE has since settled back to roughly $0.08, according to CoinGecko data.

DOGE continues to be impacted by Musk, with its price seeing gains when Musk finds success and its price falling when Musk struggles.

Since taking over the social media site late last year, Musk has been exploring ways to monetize and reimagine Twitter as a social payments platform. Twitter registered as a payments business in November 2022 and is developing a “Coins” feature that allows users to pay with fiat to receive virtual Coins that can be redeemed to give users “Awards” for content, similar to Reddit. On Twitter, users will be able to pay for Coins using the payment platform Stripe. 

Twitter’s Director of Product Management Esther Crawford is overseeing Twitter’s payment products.

While Twitter Coins will not involve crypto initially, it’s clear Musk doesn’t want to remove that option entirely.

Twitter itself is no stranger to crypto. Although its crypto engineering lead left in November, Twitter still offers NFT “verification” as a part of its Twitter Blue subscription benefits, and users can still tip select creators with Bitcoin payments via Strike. Eligible Twitter users with monetization enabled can also still display their Ethereum and Bitcoin wallet addresses to receive tips. 

Crawford has not yet responded to Decrypt’s request for comment. Crawford previously confirmed to Decrypt that Twitter still does not have a Communications team.