A Whale Transfers 5,500 Bitcoins Worth $366 Million After 5 Years of Dormancy

According to people familiar with the matter, the Truth API data service launched by Trump’s media company is facing resistance from some trading firms. While several trading institutions have signed contracts to use the service, firms including Hudson River Trading and Citadel Securities have stated they are unwilling to pay for it, arguing it is not a necessary requirement for trading operations. The sources requested anonymity due to the non-public nature of the information involved. Analysts note that existing insider trading regulations do not explicitly cover scenarios where a sitting president uses their media platform to publish market-moving information, or sells faster access to such information to the market. Karen Woody, a professor at Washington and Lee University School of Law, said the past regulatory framework did not anticipate that a sitting president might take such actions. Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), previously stated in an interview that the SEC is monitoring developments related to the Truth API data stream.

US President Trump announced in a post that White House Press Secretary Karoline Leavitt will leave her post at the end of this month to spend more time with her children and family, and will be reassigned to serve as his senior external advisor.

Coherent’s Q4 fiscal quarter revenue hit $2.05 billion, up 34% year-over-year, exceeding the expected range of $1.98–$2.02 billion. Non-GAAP earnings per share (EPS) came in at $1.74, also beating the forecast of $1.62–$1.65. The company projected Q1 fiscal quarter revenue of $2.20–$2.40 billion, above the consensus estimate of $2.13 billion, with adjusted EPS expected to reach $1.85–$2.05, surpassing the $1.77 forecast. Per market data from BIT (bit.com), despite the company’s full performance and guidance beating market expectations, short-term profit-taking pressure weighed on post-market trading, pushing shares down as much as 5%. During regular trading hours ahead of the earnings release, Coherent’s stock surged 8% and has rallied sharply in recent weeks, as market expectations for explosive demand for optical interconnects in AI data centers have been fully priced in.

AI chip manufacturer Cerebras reported Q2 revenue of $210 million, up 103% year-over-year (YoY). Of that, cloud business revenue reached $126 million, surging nearly 4x YoY, while hardware sales fell 23% YoY to $54.1 million. The quarter saw a net loss of $450.5 million, compared to a net profit of $309.5 million in the year-ago period. The company raised its full-year performance guidance, now projecting core revenue to land between $880 million and $890 million, up from the prior range of $855 million to $865 million. The earnings report delivered a mixed picture for investors: since its IPO in May, Cerebras’ stock price has climbed 42%. Initially positioned as a challenger to Nvidia in the AI chip sector, the firm’s largest revenue stream now comes from cloud computing. In response to investor concerns, Cerebras noted its core gross margin for the quarter would expand to 38% to 40%. Per market data from BIT (bit.com), Cerebras’ stock fell more than 17% in after-hours trading following the earnings release.

Cisco’s fourth fiscal quarter revenue came in at $17.3 billion, exceeding the market forecast of $16.85 billion. The networking giant projects adjusted earnings per share (EPS) for fiscal 2027 to range between $5.05 and $5.11, versus the market consensus expectation of $4.84. Cisco’s AI orders from hyperscale cloud service providers totaled $4 billion in the fourth fiscal quarter. Per market data from BIT (bit.com), Cisco’s stock fell 4.1% in after-hours trading, currently trading at $118.8.

According to The Wall Street Journal, citing people familiar with the matter, Apple (AAPL.O) is in talks with publishers over a new partnership agreement, planning to use their content to deliver the latest news and information to enhance the performance of its AI voice assistant Siri. The sources said Apple has been engaging with publishers for months; the proposed multi-year deal would grant Apple rights to use the relevant content to boost Siri’s performance, and the feature is expected to launch later this year. Some sources added that Apple has proposed a variable payment model, under which it would pay partner publishers based on content usage, and disclosed that the company has discussed a potential budget of up to hundreds of millions of dollars.