Autor Cointelegraph By Felix Ng

Trump Media, the company that operates the Truth Social network, said Thursday it was launching a new paid-for API that gives Wall Street firms “the fastest” access to posts from the most influential Truth Social accounts, including US President Donald Trump.The API is targeted to be available to institutional customers from Aug. 1, 2026, and is aimed at high-frequency and algorithmic trading firms that require a low-latency, machine-readable feed, said the company on Thursday. “Markets already move on Truth Social posts,” said Kevin McGurn, interim CEO of TMTG in a statement. “Truth API delivers a direct, licensed, real-time feed of the platform’s most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream.”Posts from Trump’s Truth Social account have moved markets, with the most recent examples being his posts relating to the ongoing conflict between Iran and the US. Other major accounts on Truth Social include Donald Trump Jr, Eric Trump and FBI Director Kash Patel. “Companies have previously tried to scrape data from Truth Social, which is in violation of its terms of service,” McGurn said, according to CNN. “We’re going to create a lot of friction for those folks that aren’t coming to us directly,” he added. Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Network School founder Balaji Srinivasan is seeking a memorandum of understanding with Malaysia after authorities probed his Forest City tech community over allegations it was hosting Israeli citizens using second passports. Malaysia’s Home Affairs Ministry said Tuesday it was investigating Srinivasan’s start-up community in Johor following claims it included Israelis in violation of immigration laws. Initial checks found all 266 foreigners held valid documents. Srinivasan said the agreement would give Network School legal certainty to continue investing in Malaysia. Without it, he said, the community could take its capital to countries that are more welcoming. “I’d like to have a document which says not just abstractly that tech is welcome … but rather that we’re personally welcome,” Srinivasan said in a video directed at Malaysian Prime Minister Anwar Ibrahim on Thursday. The episode highlights a tension faced by many crypto utopias, which aspire to build digital-native communities with their own institutions and economies, but still depend on conventional states for legal certainty. Balaji, the former chief technology officer of Coinbase, launched his Network School in August 2024 in Johor’s Forest City, which is located about an hour from Singapore. It is marketed as a physical community of tech builders, creators and founders. Srinivasan did not give the specifics of what a deal with Malaysia could include, but suggested it could be a memorandum of understanding or a modification of a special economic zone provision. Related: Balaji calls for more ‘crypto tools’ for refugees amid Middle East tensions“If not, then we will readily go somewhere else because I don’t want to be where we’re not welcome,” he said.  Srinivasan also announced that he is putting any further investment in Malaysia, including a $122 million plan to expand its community, on hold until it gets “sufficient assurance” that such issues don’t recur. Instagram post led to immigration probeClaims that the Network School was harboring Israeli citizens have been traced back to a social media post on Friday from activist group “Malaysian Protest 4 Palestine,” which accused the school of becoming a “gathering place for Israeli entrepreneurs.” Israeli passport holders are forbidden from entering Malaysia, a Muslim-majority country, without written permission from the Malaysian Ministry of Home Affairs, as Malaysia does not recognize Israel and does not have any diplomatic relations with the country. Magazine: Gambling on random Pokémon cards: Onchain gagcha hits record high as crypto sinks

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US President Donald Trump is set to meet with several senators at the White House on Thursday to discuss progress on the crypto market structure bill. According to Politico, Senator Bernie Moreno said a group of senators will brief the president on the bill and “its path to success.” Senator Cynthia Lummis will also attend, according to a Senate Republican aide.“We’ll be talking about the entirety of the bill. I mean, obviously the president’s been very engaged in this bill,” said Moreno. “He’s the one who’s really driven the innovation that I think will pay dividends.” The meeting comes as lawmakers race to pass the crypto market structure bill, known as the CLARITY Act, before the Senate’s August recess. Many lawmakers see it as the last realistic opportunity to pass the legislation before the midterm elections. “I’m hoping that we can come up with some agreement by the end of this week,” Senator Thom Tillis, who has been helping work through the CLARITY Act’s unresolved provisions, told Politico. “I think it’s critical if we’re going to try and get this across the floor before August recess.”Lawmakers are awaiting a revised draft of the bill. In an interview with Fox Business on Wednesday, Lummis said a new draft version of the bill will be introduced in the next few days and expects it to be on the Senate floor next week. Cointelegraph reached out to Senator Lummis for comment.Prediction market odds on CLARITY Act success Traders on prediction market Kalshi have put a 79% chance on the CLARITY Act being voted on by the Senate before the August recess, up from 68.8% the previous day. Related: Three US senators oppose CLARITY Act on ethics grounds with vote expected soonHowever, traders remain less optimistic that the CLARITY Act will become law this year. A $3 million prediction market on Kalshi gives the crypto bill a 36% chance of becoming law in 2026, and a 62% chance of doing so before the end of 2027.Polymarket traders, meanwhile, have put the chance of the CLARITY Act being signed into law this year at 39%.Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Base creator Jesse Pollak says he is stepping back from leading the Base App after admitting he made a “wrong bet” on social, leaving the chain to fall behind on prediction markets and perpetual futures. In a post to X on Wednesday, Pollak said he had bet that creator, content and messaging apps would drive adoption, but instead the market “disintegrated completely.” “We realized how our focus on social had meant that base had fallen behind in key areas that were now increasingly critical — we had perps (shoutout avantis!) and prediction markets (shoutout limitless!), but both were well behind scaled competitors.”Dune Analytics data shows Base-native prediction market Limitless accounted for just 0.5% of total monthly notional volume across prediction markets in July. Perpetual decentralized exchange (DEX) Avantis ranked 18th by reported 30-day notional trading volume, according to DefiLlama.Pollak’s comments give further insight into the reversal of Base’s growth strategy earlier this year. While Base initially focused on social products such as Farcaster, Zora and miniapps to bring crypto to “a billion people,” Pollak said financial applications are the way forward for the network, with a focus on trading, payments and AI agents. Limitless Exchange’s monthly notional volume is only a fraction of its larger competitors. Source: Dune AnalyticsPollak added he will be returning leadership of the Base App to Coinbase, under Jordan Fish, known on X as “Cobie,” while he focuses on the Base blockchain. Coinbase CEO: “We messed up” on content coinsPollak’s post came just days after Coinbase CEO Brian Armstrong acknowledged content coins “didn’t work,” prompting the company to pivot earlier this year. “We messed up, time to turn the page,” Armstrong said on Monday. In February, Base sunset its Creator Rewards program and Farcaster-powered social feed as part of a strategic shift to tradable assets. Related: Moonbeam to pivot from Polkadot to Base, unveils AI agent frameworkThe Creator Rewards program launched in July 2025 and was intended to make the Ethereum layer-2 Base a more social ecosystem, where activity and engagement translate into earnings. Meanwhile, Pollak admitted the Base App was an “imperfect Farcaster client.” Base’s work on stablecoins, AI agents Last week, Base activated its B20 token standard on the mainnet, introducing a native framework for stablecoins, tokenized real-world assets (RWAs) and other fungible tokens.  In May, Base launched Base MCP (Model Context Protocol), a tool that lets users manage their crypto directly from an AI model’s chat interface and interact with crypto protocols such as Morpho, Moonwell, Uniswap, Aerodrome, Avantis, Bankr and Virtuals.In April, Base said it was upgrading key systems in preparation for an AI agent economy as part of its 2026 roadmap. It highlighted real-world asset (RWA) tokenization, stablecoins, and prediction markets as being key growth areas in 2026.  “We’re going to build base into the blockchain for global finance and do everything we can to be the place that the world’s money settles over the next century,” Pollak said on Wednesday.  Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?