Trump Media2026-08-25 00:47:45Trump Media Interim CEO Says Truth API Has Signed More Than a Dozen CustomersTrump Media interim CEO Kevin McGurn said on CNBC that the company’s Truth API has signed more than a dozen customers since launching on Aug. 1. The service gives high-frequency trading firms early access to posts from former President Donald Trump’s Truth Social account and charges up to $100,000 a month. McGurn said it has already generated more than $1 million in revenue. He also said the company plans to expand the offering to retail trading platforms, large language models and prediction markets. The product is now facing congressional scrutiny and at least one lawsuit that alleges it is unconstitutional, leaving its growth trajectory uncertain ahead of the midterm elections.1040
Trump Media2026-08-13 12:07:20Trump Media posts $238.1 million Q2 loss as crypto markdowns weigh on earningsTrump Media & Technology Group reported a net loss of $238.1 million for the second quarter of 2026, sharply wider than roughly $20 million a year earlier, after declines in its crypto holdings hit the company’s results. For the first half, Trump Media said its digital assets generated about $360.6 million in unrealized losses, with most of that markdown recognized in the second quarter through fair-value remeasurement rather than full asset sales. The company has not pulled back from its treasury strategy. As of the end of the quarter, it held about 14,139 BTC directly or through related investment arrangements, placing it among the larger bitcoin holders among U.S.-listed companies. Earlier this year, the company raised about $2.5 billion through stock and convertible debt, with building a bitcoin treasury listed as a main use of proceeds. Operating revenue remained small by comparison. Second-quarter revenue came in at about $1.7 million, up from about $900,000 a year earlier. Trump Media said Truth API, a new data product that provides real-time Truth Social account data to banks and trading firms, launched on Aug. 1 and has signed more than 10 customer agreements. The company had also ended a previously planned CRO treasury venture with Crypto.com that had been projected at up to $6.4 billion.1440
Policy and Re2026-08-13 13:56:50WuBlockchain daily roundup: U.S. jobless claims rise, Cronje says DeFi has become onchain financeWuBlockchain’s latest daily crypto roundup spans five separate developments across macro data, onchain finance, fraud enforcement, and media access litigation. In the U.S., initial jobless claims for the week ended Aug. 8 came in at 209,000, above the 202,000 expectation and the highest since the week of July 11, while the prior reading was revised from 199,000 to 200,000. July producer price inflation also cooled, with PPI at 4.7% year over year versus a 4.9% forecast and a previous 5.50%, marking the lowest level since March. Andre Cronje, founder of Flying Tulip and a core Fantom developer, said in a recent program that most DeFi protocols no longer meet the standard of being truly decentralized, immutable, and intermediary-free. He argued the sector has shifted toward “onchain finance” or open finance as traditional banking-style structures such as circuit breakers, emergency controls, decision-makers, curators, and risk committees have been added. The roundup also covers a court ruling in Guizhou over a crypto airdrop scam, a probe into an alleged Ponzi scheme in Guinea, and a lawsuit challenging paid priority access to Donald Trump’s Truth Social posts through Truth API.1680
Trump2026-08-12 23:10:14Some Trading Firms Push Back on Trump Media's Paid Truth API FeedTrump Media’s Truth API data service is meeting resistance from some trading firms, according to people familiar with the matter cited by BlockBeats on Aug. 13. While some firms have already signed up for the product, others, including Hudson River Trading and Citadel Securities, have declined to pay for it, saying the service is not necessary for trading operations. The people spoke on condition of anonymity because the information is not public. The dispute is also drawing attention to a regulatory gap. Analysts said current insider-trading rules do not clearly address a situation in which a sitting president uses a media platform he controls to release market-moving information, or sells faster access to that information. Karen Woody, a law professor at Washington and Lee University School of Law, said the regulatory framework was not built with that possibility in mind. U.S. Securities and Exchange Commission Chair Paul Atkins previously said in an interview that the SEC is monitoring developments related to the Truth API data stream.1580
Trump Media2026-08-12 02:19:04Trump Media posts wider Q2 loss as it leans on Bitcoin, market data and a fusion dealTrump Media & Technology Group reported just $1.6697 million in second-quarter revenue, up about 89% year over year, while net loss widened to $238.1 million. The filing showed that the biggest hit came from digital asset and investment losses rather than core operating costs. At the same time, the company’s original Truth Social advertising business declined, even as headline revenue rose on the back of a barter advertising agreement, Truth+ Patriot Package subscriptions and ETF management fees. The company is also reshaping its balance sheet and business mix. After scrapping a planned CRO treasury vehicle with Crypto.com and Yorkville, Trump Media disclosed that it sold roughly $159.6 million of Bitcoin-related equity securities in July and used the proceeds to buy spot BTC, lifting its holdings to about 14,139 Bitcoin as of July 31. Separately, it launched Truth API on Aug. 1, offering low-latency access to public posts from high-profile Truth Social accounts for institutional clients. Management said more than 10 customer agreements have already been signed. Longer term, Trump Media is tying its future to TAE Technologies, a U.S. fusion company it agreed to merge with in an all-stock deal announced at more than $6 billion. The result is a company that now spans political media distribution, digital assets, institutional data sales and fusion technology under one public structure.500
Donald Trump2026-08-11 03:23:36Truth Social moves to sell fast-access post data to financial firmsTrump-linked social platform Truth Social is selling high-speed access to posts from key accounts through its newly launched Truth API, according to an official announcement and reports from The New York Times and other outlets cited by BlockBeats. The service went live on Aug. 1, and Trump Media & Technology Group (TMTG) said it has already signed more than 10 customer agreements and that the product has started generating revenue. The company has not disclosed exactly how much earlier API users receive posts than ordinary users, but TMTG said delivery occurs at the millisecond level, while Reuters described the feed as materially faster than standard push notifications. Pricing is said to range from about $60,000 to $100,000 per month. Based on a little over 10 clients, annualized revenue could reach roughly $8 million to $13 million. That stands out against Trump Media’s reported second-quarter revenue of just $1.7 million. The company has not broken out actual Truth API revenue so far. Market attention is now on whether the business can add more customers and later show verifiable revenue contribution in future earnings reports.1860
Trump Media2026-08-11 00:23:04Trump Media's Truth API Signs Over 10 Clients, Begins Generating RevenueIn its quarterly earnings report released Monday, Trump Media & Technology Group (DJT) said that Truth API, a service giving traders faster access to posts from top Truth Social accounts, has signed up "more than 10" clients and has already begun generating revenue. The API provides rapid access to posts from leading Truth Social accounts, including that of former President Donald Trump. U.S. government oversight agencies and Democratic lawmakers on Capitol Hill have criticized the service, saying it amounts to selling investors access to potentially market-moving information. Trump Media posted second-quarter revenue of $1.7 million and a net loss of $238 million. Truth API launched on Aug. 1, so no revenue from the service was included in the quarter's results. Earlier reports pegged the subscription price at $100,000 per month, dropping to $60,000 per month under multi-year contracts. After the earnings release, the company's shares slipped 0.7% in the after-hours trading session.1790
Trump Media2026-08-07 13:55:00Truth API lands paying clients in its first week as Trump Media’s bitcoin treasury sinks by more than $500 millionTrump Media’s new data product, Truth API, began generating business almost immediately after its Aug. 1 launch, with paying institutional clients already signed and monthly pricing reaching $100,000. The service delivers posts from Donald Trump’s account and nine other major Truth Social accounts within milliseconds, targeting hedge funds and algorithmic trading firms. At the same time, the company’s bitcoin treasury has drawn scrutiny after blockchain data cited by Lookonchain and Arkham showed transfers totaling 7,281 BTC to Crypto.com since the treasury strategy began, a flow valued at about $545 million using an average price of $74,855. Trump Media disputes any claim that the transfers were sales, saying the assets were moved but not sold. Filings also show that roughly 4,260.73 BTC were pledged as collateral for convertible notes and cannot be withdrawn or disposed of before covenant conditions are met, with restrictions lasting as late as May 29, 2028. The contrast between the two businesses has sharpened attention from lawmakers: Democrats in both chambers have asked the SEC to review whether Truth API raises insider trading, market manipulation, or ethics concerns, but the agency had not issued a substantive public response one week after launch.2060
