Elon Musk's platform X is developing "Smart Cashtags," which will allow users to link their posts to specific assets, including cryptocurrencies. This announcement followed criticism from the crypto community over a now-deleted post by X's head of product, Nikita Bier, which many interpreted as limiting user engagement. Bier stated that X is seeking feedback and aims for a public release next month.

The popular Solana memecoin launchpad pump.fun and its founder Alon Cohen have had their accounts suspended on X, along with several other memecoin services, raising concerns about regulatory scrutiny and potential illegal activities. Despite the ban, the pump.fun platform remains operational, but it has faced criticism for being associated with scam cryptocurrencies and risky investment schemes.