Trump Media & Technology Group has unveiled a paid data service that will deliver real-time posts from Truth Social’s highest-ranking accounts to financial firms and news organizations.

According to Trump Media, the Truth API will provide licensed access to public posts that may carry time-sensitive political, policy, or market information. The company plans to offer the feed to trading firms, financial data providers, media outlets, and other businesses that monitor influential accounts.

Subscribers will receive what Trump Media described as “immediate, verified access” to posts published on the platform. Interim CEO Kevin McGurn presented the API as a licensed alternative to unauthorized data scraping, which companies often use to collect posts from social networks.

“Markets already move on Truth Social posts,” McGurn said.

Trump Media expects the service to generate recurring revenue outside its advertising and subscription businesses. Other social media companies already charge data providers and institutional clients for API access, which trading desks can use to monitor sentiment, policy announcements, and events affecting stocks, currencies, commodities, or digital assets.

Trump’s posts give the feed market value

President Donald Trump’s account had 12.9 million followers as of Thursday morning, making it the largest account on Truth Social. Trump regularly uses the platform to announce or discuss tariffs, foreign policy, government decisions, and other matters watched by financial markets.

Although Trump Media did not name the president in its API announcement, his posts remain among the platform’s most closely followed content. Financial firms and newsrooms monitor presidential statements because announcements involving trade or government policy can affect asset prices.

Trump’s family also remains financially connected to the company. SEC filings show that about 114 million Trump Media shares issued to the president were later moved into a revocable trust controlled by Donald Trump Jr. after Trump won the presidency.

Trump Media trades on Nasdaq under the ticker DJT. By licensing rapid access to posts from its most prominent accounts, the company is seeking to turn Truth Social’s role in political communication into a commercial data product.

Paid access raises conflict concerns

The service has also attracted criticism over the president’s connection to both Truth Social and Trump Media. According to CNBC, Democracy Defenders Fund ethics attorney Virginia Canter called the arrangement “a huge conflict of interest.”

Canter argued that Trump has a public duty to distribute presidential information widely, while the API gives paying customers faster access through a company tied to his family’s holdings. She also described Truth Social as the “de facto presidential press room.”

Questions about Trump’s platform activity had emerged before the API announcement. A CNN investigation reported that Trump promoted more than 20 companies on Truth Social after investments linked to those businesses appeared in his financial disclosures. The White House denied that the activity created conflicts of interest.

Trump’s 2025 financial disclosure also reported about $1.4 billion in crypto-related earnings, adding to scrutiny of his family’s business interests while his administration shapes digital asset policy. By selling licensed access to presidential posts, Trump Media is now placing those communications inside a data market already used by financial firms to identify trading signals.

Morgan Stanley’s E*TRADE platform has launched spot cryptocurrency trading, allowing eligible clients to buy, sell and hold Bitcoin, Ether and Solana through a partnership with crypto infrastructure provider Zero Hash.

Clients can view their crypto holdings alongside stocks and other traditional investments on the E*TRADE platform, while transfer functionality for moving digital assets on and off the platform is expected later this year.

The self-directed channel served 8.6 million households and held about $1.56 trillion in client assets as of March 31, according to Morgan Stanley’s latest financial supplement.

According to Thursday’s announcement, trades carry a 50-basis-point fee, while custody and transaction services are handled through separate Zero Hash accounts that are not covered by FDIC or SIPC protections. Morgan Stanley said it expects to transition the digital asset services to Morgan Stanley Digital Trust, its national trust bank currently in organization.

Morgan Stanley also introduced several non-crypto updates across the customer platform, including fractional share trading, a revamped retirement planning tool and new features for its Power E*TRADE Pro desktop platform.

The rollout follows a pilot launched in May, when the company began testing the service with a limited group of users before expanding access to eligible E*TRADE clients.

Related: Stanford study says 5-minute Bitcoin prediction markets enable settlement manipulation

Morgan Stanley broadens crypto strategy

Beyond retail spot trading, Morgan Stanley has expanded its digital asset business into stablecoin reserve services and crypto exchange-traded funds this year.

In April, the Wall Street giant launched a stablecoin reserve offering that allows issuers to hold the assets backing their tokens in one of the firm’s money market funds while earning interest.

The same month, the company launched its spot Bitcoin ETF with a 0.14% management fee, making it the lowest-cost Bitcoin ETF on the US market at the time. The fund debuted on NYSE Arca as the first spot Bitcoin ETF launched by a major US commercial bank.

During its first six trading days, the ETF attracted more than $100 million in net inflows, surpassing the cumulative inflows of WisdomTree’s spot Bitcoin ETF, which launched in January 2024. At the time of writing, the fund has attracted about $385 million in cumulative net inflows, according to SoSoValue data.

In June, Morgan Stanley amended its proposed spot Ether and Solana ETF filings to set management fees at 0.14% after first applying to list the funds in January.

Top 10 Bitcoin ETFs. Source: SoSoValue

Magazine: Gambling on random Pokémon cards: Onchain gagcha hits record high as crypto sinks

Cathie Wood’s Ark Invest has purchased about $52.1 million of SpaceX stock, lifting its investment since the June IPO above $475 million as the shares trade below their $135 offer price.

According to Ark Invest Tracker, Ark bought the shares through its ARKK, ARKQ, ARKW, and ARKX exchange-traded funds during the week ending July 10. The purchases followed roughly $444 million of buying around SpaceX’s June 12 market debut.

Wood’s latest move came as SpaceX lost much of its early IPO gain. After opening at $150 and reaching $225.64 shortly after its listing, the stock closed at $131.11 on Thursday, according to Yahoo Finance.

At that price, SpaceX has fallen about 42% from its record and closed below the $135 IPO price for the first time. Thursday also extended the stock’s losing run to five sessions.

Ark’s buying reinforces its long-term conviction

Ark’s renewed buying indicates that Wood has treated the decline as an opportunity to expand her position. Still, the investment firm has not provided a short-term price forecast tied to its latest purchases.

The position also carries valuation and supply risks. According to Reuters, SpaceX trades at about 49 times revenue, compared with roughly 15 times for Tesla, while the company’s market value has fallen to around $1.8 trillion.

Selling pressure could increase when employee and early-investor restrictions begin expiring in August. Reuters reported that the first lockup release could make 911.5 million shares available after SpaceX publishes its initial earnings results, although unlocked shareholders would not be required to sell.

Bearish traders have already profited from the retreat. Data from Ortex Technologies, cited by Reuters, showed that short sellers had accumulated about $8.7 billion in paper gains since the IPO, with nearly 49% of the available shares on loan.

SpaceX stock remains trapped in a bearish channel

On the one-hour TradingView chart provided, SpaceX stock remains inside a descending channel that has formed through a series of lower highs and lower lows since early July. The latest candle closed near $131.07 after trading between $131.01 and $132.89.

Aroon readings on the chart show Aroon Down at 85.71%, compared with Aroon Up at 7.14%, indicating that sellers continue to control the short-term price structure. At the same time, an Average Directional Index reading of 31.22 shows that the existing trend retains notable strength.

The channel floor places immediate support around $128 to $130. Based on the chart structure, a confirmed break below that area could expose $125, while the upper channel boundary creates the first resistance zone between $133 and $135.

For a stronger recovery, the chart shows that buyers would need to reclaim the channel ceiling before challenging $140. Until such a breakout occurs, Ark’s latest purchase provides an institutional vote of confidence but does not reverse the stock’s bearish technical structure.

Summer Mersinger, the CEO of the Blockchain Association and a former commissioner at the US Commodity Futures Trading Commission (CFTC), anticipated a vote on a cryptocurrency market structure bill as soon as next week with the window closing for lawmakers before August state work periods. 

Speaking at the Injective Summit in Washington, DC, on Thursday, Mersinger said that US lawmakers working to advance the Digital Asset Market Clarity (CLARITY) Act in Congress had a “few little nits that they’re still working out” but were “very close on the main part of the language” around the bill. According to the Blockchain Association CEO, a vote in the Senate could come as early as next week, provided lawmakers reached an agreement on ethics.

“Ethics is the big elephant in the room,” said Mersinger on the crypto bill. “That’s what we hear from every office is that we’ve gotta figure out ethics. Today there’s a meeting at the White House with some Republican senators. We’re hopeful that an agreement comes out of that and that it’s something the Democrats will accept or that they can make some changes but get to an agreement.”

She added:

“For my members and what we are advocating for on the Hill… look, whatever you decide on ethics, that’s really not our concern. That is politics. That’s Congress. That’s elected officials. But please don’t let it kill all the hard work that we put in the rest of the bill.” 

Summer Mersinger speaking at Injective Summit on Thursday. Source: Injective

Mersinger’s comments on a White House meeting followed reports that US President Donald Trump planned to discuss CLARITY with a group of Republican senators on Thursday, potentially including his ties to the industry, after Senate Democrats held their own meeting on the bill on Wednesday. Trump disclosed in June that he had earned $1.4 billion from ventures related to digital assets, including his memecoin and his family’s business World Liberty Financial.

Related: US senator blasts AG pick for ‘dismantling’ crypto unit, Trump’s CZ pardon

A former CFTC commissioner, Mersinger departed the agency in 2025 to become the CEO of the Blockchain Association. The organization was involved in discussions with lawmakers over the market structure bill as it passed the Senate banking and agriculture committees.

CLARITY needs bipartisan support to become law, but some Democrats are opposed

On Tuesday, three Senate Democrats held a press conference saying that they would not support a crypto market structure bill without clear ethics provisions, citing Trump’s financial disclosures and the potential for corruption by lawmakers and the White House. Republicans hold a slim majority in the Senate and would need several Democrats to vote yay on the bill for it to pass.

At the time of publication, traders on prediction market Kalshi had a 75.1% chance on CLARITY going for a floor vote in the Senate before the August break, up from 47% on July 10.

Magazine: Crypto’s CLARITY Act faces partisan fight over ethics on Senate floor

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.

Bitcoin (BTC) cooled off with US stocks on Thursday as tech selling tempered gains from low inflation.

Key points:

• Bitcoin follows US stocks as they come off local highs sparked by bullish US inflation data.
• Tech sell pressure contributes to slowing momentum as retail investors take profits.
• The BTC price rebound is seen rejecting at overhead resistance.

Tech selling puts the brakes on crypto, risk-asset upside

Data from TradingView showed BTC/USD circling $64,500, down 1.5% from its three-week highs seen the day prior.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

These had accompanied two straight days of lower-than-expected US inflation data, with both the Consumer Price Index (CPI) and Producer Price Index (PPI) dropping in June.

While crypto and equities initially gained, tech stocks came under pressure on Thursday, with the closely-watched Micron Technologies down 15%.

“Micron is now down over -30% since its June 22nd record high,” trading resource The Kobeissi Letter commented in a response on X.

Micron Technologies one-day chart. Source: Cointelegraph/TradingView

Kobeissi additionally noted profit-taking in action by retail tech-stock investors, with sales of Tesla and Apple hitting $200 million over the past two weeks.

“Meanwhile, the total retail turnover in single stocks rose to a record $370 billion, up from $220 billion at the start of 2026,” it continued. 

“Retail investors are locking in gains following a historic tech rally.”

Retail investor equity sales data. Source: The Kobeissi Letter/X

Earlier, Cointelegraph reported on Bitcoin speculators cashing in on the recent local highs.

“Rejection” becomes new BTC price keyword

Turning to BTC price action itself, the mood among market participants remained conservative on the day.

Related: Bitcoin $107K buyers providing ‘early signals’ of 2026 bear-market bottom: Glassnode

Commentator Exitpump flagged anchored volume-weighted average price (AVWAP) as measured from Bitcoin’s run to $82,000 in early May, as the level to end the current rebound.

“Price is finally going to retest the AVWAP from 82K top that lead to strong local downtrend. To me such retest should cap the upside and give stronger rejection,” they told X followers.

BTC/USD four-hour chart. Source: Exitpump/X

Trader and analyst Rekt Capital argued that BTC/USD was “showing initial signs of rejection” from its 50-month exponential moving average (EMA) at $65,900.

Rekt Capital reiterated the concept of current price behavior copying the 2022 bear market, having already warned that the next macro bottom would not come until later in the year.

Pi Network’s PI token has held above $0.073 after a prolonged decline, with its July 22 Protocol v25 upgrade offering buyers a possible recovery catalyst.

According to data from crypto.news, Pi Network (PI) price traded near $0.0765 on Thursday after moving between an intraday low of $0.0723 and a high of $0.0839. The token remains under pressure on the daily chart, but its 4-hour structure shows price compression that could precede a larger move.

Pi Network announced on July 15 that Protocol v25 will focus on network stability, reliability, and more efficient privacy-focused smart contracts. The upgrade will reach the network on July 22, giving traders a dated catalyst as PI attempts to stabilize near its recent lows.

On July 22, Pi is scheduled to upgrade to Protocol v25, which primarily focuses on improving network stability and reliability, and supports new capabilities for more efficient, privacy-preserving smart contracts.

Go to the Pi mining app to learn more! pic.twitter.com/Btg8aEFAFh

— Pi Network (@PiCoreTeam) July 15, 2026

Bitcoin’s consolidation near $64,000 and a 1.67% decline in the total crypto market have limited demand for smaller tokens. PI has faced the same weak risk appetite while trying to recover from a steep multi-week decline.

Protocol v25 gives buyers a fresh catalyst

Pi Network’s announcement states that Protocol v25 will introduce BN254 cryptography and Poseidon hashing. Developers can use these tools to build zero-knowledge applications that process sensitive information without placing the underlying data on public records.

“On July 22, Pi is scheduled to upgrade to Protocol v25, which primarily focuses on improving network stability and reliability, and supports new capabilities for more efficient, privacy-preserving smart contracts,” the Pi Core Team wrote on X.

By supporting private contract execution, the upgrade could expand the types of applications developers can build on Pi Network, according to the project. Pi Core Team also expects the release to improve contract efficiency as the ecosystem adds new applications and services.

Protocol v25’s effect on PI demand will depend on developer participation, application growth, and network performance after activation. The announcement has created a fresh event for traders to watch, though the price charts have not yet confirmed a sustained reversal.

PI needs $0.080 to confirm its recovery

On the 4-hour TradingView chart, PI has formed a symmetrical triangle after falling from about $0.10 earlier in July. Its descending resistance line now meets an ascending support line, leaving the token close to the pattern’s narrowing end.

A 4-hour close above the upper trendline and $0.080 would confirm a bullish breakout from the triangle, according to the chart structure. Such a move would expose $0.085, which matches the daily Murrey Math oversold level at $0.08545, before traders turn toward $0.097 and the psychological $0.10 barrier.

Momentum has not yet confirmed that outcome. The 4-hour Aroon indicator shows Aroon Up at 28.57% and Aroon Down at 0%, signaling weak trend strength even as selling momentum eases.

Daily capital flows remain another obstacle. TradingView’s Chaikin Money Flow reading stands near -0.20, indicating that outflows continue to outweigh inflows despite buyers defending the latest support area.

On the downside, $0.07324 represents the daily Murrey Math extreme-oversold level and sits close to the triangle’s rising boundary. A clear break below that zone would weaken the rebound setup and expose $0.070, while continued selling could bring the Murrey Math bullish-reversal level near $0.061 into focus.

T. Rowe Price, which manages nearly $2 trillion, has launched an actively managed crypto ETF holding nine digital assets, led by Bitcoin at almost 41%.

According to a July 16 press release from T. Rowe Price, the Active Crypto ETF began trading on NYSE Arca under the ticker TKNZ. The asset manager described the product as the market’s first actively managed multi-token spot exchange-traded product.

Unlike funds built around a single coin or a fixed index, TKNZ gives its managers room to adjust the portfolio as market conditions change. T. Rowe Price said its team will use research, valuation data, momentum signals, and risk controls when choosing allocations.

Bitcoin holds the largest position at nearly 41% of the portfolio, according to the firm’s published holdings. Ethereum accounts for about 18%, while BNB represents approximately 11%.

T. Rowe Price’s holdings data also shows exposure to Solana, XRP, Hyperliquid, Dogecoin, Stellar’s XLM, and the USDC stablecoin. The allocations place established crypto assets alongside newer tokens and a dollar-pegged asset within one actively managed product.

Active management separates TKNZ from passive crypto funds

T. Rowe Price said TKNZ is designed to capture market trends, momentum-led rallies, and rotations between crypto assets. Rather than maintaining fixed weights, the management team can change its positions when its models identify different opportunities or risks.

Blue Macellari, who has led T. Rowe Price’s digital asset work since 2022, serves as the fund’s portfolio manager, according to the company’s release. Four co-portfolio managers, notably Stefan Hubrich, David Kroger, Sean McWilliams, and Dante Pearson, support the strategy.

The fund’s structure also lets the team select assets from a larger approved pool. An updated filing listed 17 eligible tokens, including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, Hedera, Bitcoin Cash, Chainlink, Stellar, Shiba Inu, Sui, Hyperliquid, and BNB.

TKNZ carries a management fee of 0.75%, according to T. Rowe Price. The firm has introduced a net fee waiver that will remain in place until May 31, 2027, although the management fee will continue to apply during that period.

The fund also uses Anchorage Digital Bank as its crypto custodian, according to TKNZ market information published by The Block. T. Rowe Price Sponsor LLC serves as the sponsor, while T. Rowe Price Associates acts as administrator.

Balchunas sees calculated timing after the selloff

Bloomberg senior ETF analyst Eric Balchunas linked the launch schedule to the market correction that followed T. Rowe Price’s original filing in October 2025. The Securities and Exchange Commission later approved NYSE Arca’s proposal to list the fund in June 2026.

Commenting on the timing in an X post, Balchunas wrote:

“I think they were smart with the timing—waiting till the Oct selloff dust settled a bit.”

T Rowe Price’s Active Crypto ETF $TKNZ is ready for launch. Any day now, I’d guess Thursday. I think they were smart with the timing- waiting till the Oct selloff dust settled a bit. pic.twitter.com/5LZO5WHrqn

— Eric Balchunas (@EricBalchunas) July 14, 2026

Balchunas had previously called the filing notable because T. Rowe Price was “by far the biggest active manager” to bring its portfolio-management experience into crypto. The firm managed roughly $1.9 trillion when the product secured regulatory clearance, according to reports covering the approval.

TKNZ enters a U.S. market that already includes several single-asset crypto ETFs, while new products tied to Ethereum, Solana, and Hyperliquid have continued to reach regulators. T. Rowe Price’s release positions active allocation, rather than exposure to one token, as the fund’s central difference.