X’s head of product teases crypto-aware ‘Smart Cashtags’ one day after Crypto Twitter backlash

X's head of product, Nikita Bier, has unveiled plans for a new feature called 'Smart Cashtags' that is designed to be aware of cryptocurrencies. This announcement came a day after backlash from parts of the crypto community regarding a now-deleted post. Bier explained that the intention behind Smart Cashtags is to enable users to easily access information based on specific assets, enhancing asset tracking within the X platform. Given the recent criticisms, Bier's statement reflects a commitment to transparency and user engagement as the platform seeks to better integrate crypto functionalities. The impact this development may have on X's positioning in the broader market and competition with other platforms remains to be seen, and could influence market sentiment around crypto assets.