Trump Media Develops Ultra-Low-Latency 'Truth API' for Wall Street Trading

Trump Media, the operator of President Donald Trump's social media platform Truth Social, is developing an ultra-low-latency service called 'Truth API' to deliver posts from key accounts, including Trump's own, to banks and trading firms. This move aims to create a new revenue stream by leveraging Trump's posts, which can have a significant impact on markets.

The company is reportedly considering charging up to $100,000 per month for the service, according to Bloomberg, which first reported this news on July 17. The Truth API would provide ultra-low-latency delivery of posts from key accounts, as quickly as possible.

The forecast for crypto markets suggests that while there may be an increase in trading driven by Trump-related news, there is currently insufficient evidence of direct capital inflows. Rising Bitcoin dominance and a weak stock market indicate a defensive trend, but a weak DXY (Dollar Index) and inflows of the South Korean won suggest partial offsetting.

In the long term, the increasing use of algorithmic trading in response to Trump's remarks is expected to alter the way risk assets react to news in general, leading to greater sensitivity to macroeconomic statements in the crypto market as well. However, this structural shift may be limited by a lack of data and institutionalization of crypto.