Bitcoin climbed back to $74,000 on Monday to blunt its year-to-date losses. But even with the rebound, the token sits roughly 15% lower for the year as the crypto market struggles to recapture the upside momentum seen earlier this spring.
X’s product head Nikita Bier said the platform might “launch something to fix it.”
X Money to open early public access this month
It’s unclear what “something” refers to, as Bier did not provide any further details. There is speculation that it may be tied to X Money, a payments service integrated into X to support peer-to-peer transfers, digital wallets, and extensive financial tools.
Elon Musk has confirmed that early access to X Money is coming this month after completing internal testing and an external beta.
Comparable to Venmo or PayPal, the service is expected to support Musk’s goal of developing X into an everything app. It includes payments, cards, and account management features.
Crypto integration is not currently included. However, former CEO Linda Yaccarino previously said that X planned to introduce investment and trading features as part of a push to turn the platform into a combined financial and social ecosystem. That suggests digital assets may be considered in future updates.
X removes bot networks at scale in push to clean up platform
X has recently intensified efforts to combat bots, introducing stricter detection methods and rapidly suspending accounts across the platform.
Crypto-related accounts have been bearing the brunt of the purge, as the company targets spam and coordinated promotion.
The cleanup is improving signal quality, but some users say it is also suppressing visibility and penalizing legitimate posts.
Source: https://cryptobriefing.com/x-product-chief-floats-idea-building-something-fix-crypto-slump/
