Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

InfoFi Narrative Collapses, Kaito, Cookie, and Others Shut Down Related Products

The InfoFi narrative, which gained significant traction in the crypto industry, experienced a sudden collapse following an announcement by X's product lead, Nikita Bier, regarding changes to the platform’s API policy. The new policy prohibits applications that reward users for posting on X, citing concerns over AI-generated spam and low-quality replies. This decision effectively undermines the core functionality of many InfoFi projects that rely on X’s API to access user data and distribute tokenized rewards. Key projects, Kaito and Cookie, quickly responded to the policy shift. Kaito announced it would pivot toward Kaito Studio, a more selective, brand-driven platform that moves beyond the crypto space. Its founder, Yu Hu, emphasized a broader focus beyond cryptocurrency. Similarly, Cookie decided to shut down its Snaps platform but is developing Cookie Pro, a real-time crypto market intelligence tool, while exploring potential future adaptations in line with X’s guidelines. The abrupt policy change highlights the vulnerability of InfoFi models that depend heavily on-platform engagement metrics. While some projects, such as those focused on monetizing narratives rather than direct posting rewards, may remain unaffected, the incident marks a significant shift for the attention economy within crypto. The evolution of InfoFi may continue in new forms, but its current iteration has been severely disrupted.

marsbit01/15 17:56

InfoFi Narrative Collapses, Kaito, Cookie, and Others Shut Down Related Products

marsbit01/15 17:56

Gate Presents Annual Awards to Honor Global Partners, Strengthening Long-Term Ecosystem and Industry Recognition

Gate, a leading global digital asset trading platform, has announced its annual awards to recognize outstanding contributions from its global partners. The awards highlight key participants in areas such as content creation, brand collaboration, business development, and community growth. Categories include "Annual Content Pioneer Award" and "Annual Forward-Looking Insight Award," reflecting Gate’s systematic approach to valuing diverse roles within its ecosystem. The initiative aims to strengthen connections across regions and provide a shared value framework for global partners. Gate also invites top collaborators to exclusive events such as F1 race viewings, global travel exchanges, and major industry conferences to deepen engagement. Emphasizing the importance of high-quality content and expertise in the fast-paced digital asset industry, Gate’s awards reinforce trust-building through rational analysis and consistent output. Over the past year, Gate has grown to nearly 50 million users, with increased activity in spot and derivatives trading. The platform continues to advance its "Trade + Earn + Web3" strategy, enhancing its product offerings and institutional services. Founded in 2013 by Dr. Han, Gate supports over 48 million users and 4,300+ crypto assets, with a proven 100% reserve model. The company remains committed to secure, innovative, and sustainable growth in the digital asset sector.

marsbit01/15 07:40

Gate Presents Annual Awards to Honor Global Partners, Strengthening Long-Term Ecosystem and Industry Recognition

marsbit01/15 07:40

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