Huo Xing Cai Jing reports that, according to CNBC, Trump Media & Technology Group has officially launched its paid data service, Truth API, providing customers with faster access to posts from Trump and other top accounts on the Truth Social platform. The service costs up to $100,000 per month and is primarily targeted at trading firms and corporations. Kevin McGurn, interim CEO of Trump Media, stated that Truth API is designed to deliver to institutions a “direct, authorized, real-time data stream of the most market-influential Truth posts.” Trump’s @realDonaldTrump account currently has 13 million followers, and some of his key policy decisions are first announced on Truth Social. Prior to the launch of this service, U.S. Democratic Senators Adam Schiff and Elizabeth Warren sent a letter to the U.S. Securities and Exchange Commission requesting an investigation into whether Trump Media has violated any laws. They argued that the service could constitute using the presidency for personal gain and may harm ordinary investors and market integrity. Trump Media stated that Truth Social posts have already influenced markets, and Truth API will drive the company’s commercialization of its own data assets through a high-margin, recurring revenue model.
Trump Media Launches Truth API for $100,000/Month Access to Posts
MarsBitShare
Summary
Trump Media has launched Truth API, a paid data service priced at $100,000 per month for real-time access to posts from Donald Trump and top Truth Social accounts. The service targets trading firms and corporations, with the interim CEO describing it as a "direct, licensed, real-time" data feed. Democratic Senators Schiff and Warren previously raised concerns with the SEC about potential legal issues. The move aligns with trends in altcoins to watch, as firms seek new data tools to track market-moving sentiment. Some analysts connect this development to shifts in the Fear & Greed Index, as investors pursue alternative data sources to gain a trading edge.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.