Kaito AI Shuts Down 'Yaps' Feature After X Platform Crackdown, KAITO Token Plummets 17%

The artificial intelligence platform Kaito AI has announced the discontinuation of its 'Yaps' feature. This decision comes in response to a widespread crackdown by the social media platform X (formerly Twitter) on third-party applications, particularly those in the 'InfoFi' (Information Finance) sector. The 'Yaps' feature allowed users to access real-time crypto insights and data. Following the announcement, the native KAITO token experienced significant selling pressure, dropping approximately 17% in value. The move by X to restrict API access has disrupted several analytics services, highlighting the dependency of crypto projects on major social media platforms' infrastructure and policies. Market analysts are monitoring the situation for further impact on similar InfoFi applications.