X cracks down on ‘InfoFi’ reward models, triggering sell-offs across crypto social tokens

TL;DR:

Crypto tokens tied to InfoFi-style reward models fell sharply after X revised its API policies to ban apps that pay users for posting.

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.