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Elon Musk’s X Cracks Down on InfoFi Crypto Projects; KAITO Token Falls 15%
📰 sources⭐ 6.0
TL;DR:
Elon Musk’s X has taken action against projects that reward users for posting with crypto incentives. Product chief Nikita Bier said the platform will no longer allow such apps.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.