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A project grown out of the community's love and passion for the weed culture. Launched around early 2025, $weedcoin, “Like Bitcoin but way higher,” emphasizes its alignment with cannabis culture and a laid-back vibe. Unlike other Weed communities, this project leans heavily into community engagement over technical utility, aiming to build a “stoner community” through social media presence and decentralized governance. We also aim to focus on onboarding web2 businesses and users onto web3 through the token.

Weedcoin

Weedcoin is gaining traction as a cryptocurrency merging blockchain with cannabis culture, sparking interest in its potential for growth and innovation. Community members are actively sharing contract addresses and celebrating the coin's unique identity. The coin is presented as more than just a currency, but a movement towards freedom and cultural expression within the digital space.

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.  Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.  Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.  Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.  The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

Bitcoin

Bitcoin is trending as the community anticipates a potential surge driven by the historical performance of "Uptober" and speculation around pending ETF approvals. Discussions also highlight the potential impact of the government shutdown, with some viewing Bitcoin as a safe haven amid economic uncertainty. Some users are highlighting specific crypto stocks to watch for potential growth.

Bitmine Immersion Technologies, Inc. is a blockchain technology company, which engages in industrial scale digital asset mining, equipment sales, and hosting operations. It operates through the Cryptocurrency Mining Industry segment. The company was founded on August 16, 1995 and is headquartered in Las Vegas, NV.

BitMine Immersion Technologies Inc

Bitmine Immersion Technologies Inc

BMNR is trending amid positive sentiment around Ethereum, with the community anticipating a potential rally and discussing the company's growing ETH holdings. Talk of a government shutdown and its potential impact on crypto is circulating, with some expecting BMNR to benefit. Technical analysis and predictions of significant price increases are also contributing to the heightened interest.

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.  Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.  Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.  In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.  XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

Ripple

XRP is trending as the crypto community discusses potential catalysts for a price surge in October, including speculation around ETF approvals and the impact of a possible government shutdown. Some traders are weighing short-term bearish possibilities against the longer term outlook. Community members are also analyzing XRP's relationship with broader crypto market trends and developments with SWIFT.

Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.  On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.

Ethereum

Ethereum is trending as the crypto market anticipates a potentially bullish "Uptober," with community members eyeing targets around $4500 and beyond. Talk centers around the potential for a short squeeze, with some pointing to Tom Lee's long-term price predictions and recent treasury activity as bullish catalysts. However, some traders remain cautious, citing technical indicators and potential pullbacks amid broader market uncertainty.

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SPY is trending as the government shutdown looms, sparking debate about its potential impact on the market. While some traders anticipate a dip, drawing parallels to past shutdowns that saw gains, others believe current high valuations make this situation different. The community is weighing the potential for market volatility against historical trends, with some eyeing safe-haven assets.

Strategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Vienna, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

Strategy is trending as the community discusses its correlation with Bitcoin, especially regarding potential upside and key price levels. Bullish sentiment seems to be building, with some traders anticipating a breakout and a potential run toward higher targets. However, concerns about market manipulation and the sustainability of the premium relative to Bitcoin's price persist.

Invesco Capital Management LLC - Invesco QQQ Trust Series 1

QQQ is trending as the possibility of a government shutdown looms, with the community debating its potential market impact. While some anticipate a downturn, others believe the shutdown's effects are already priced in or view it as a catalyst for a rally. Some traders are closely monitoring technical levels and option activity, while others express concerns about broader economic issues and market manipulation.

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East, and Africa (EMEA), Greater China, Asia Pacific and Latin America (APLA), Global Brand Divisions, Converse, and Corporate. The North America, EMEA, Greater China, and APLA segments refer to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions segment represents its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment is composed of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip Hampson Knight on January 25, 1964 and is headquartered in Beaverton, OR.

Nike, Inc. - Ordinary Shares - Class B

Nike Inc

Nike is trending following the release of its Q1 earnings report, which showed a surprise rise in revenue and beat expectations, signaling that the company's turnaround efforts are gaining traction. Despite positive results, concerns remain around weakness in China and the impact of tariffs, leading to mixed sentiment among investors. The community is actively discussing whether the positive earnings will hold, with some anticipating a move towards $80 and others expecting a pullback due to broader market conditions and concerns about guidance.

Carvana Co. is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.

Carvana Co. - Ordinary Shares - Class A

Carvana Co.

Carvana is trending due to an upgrade from Jefferies, sparking debate among investors regarding its valuation and business model. Community discussions revolve around the sustainability of Carvana's subprime loan model amid rising delinquencies and broader concerns about the used car market. Some traders are also noting the potential for a short squeeze.

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Kering Q2 revenue falls 18% due to weak retail, wholesale sales and tourism slump

Investing.com -- On Tuesday, Kering reported a sharp 18% year-on-year decline in second-quarter revenue to €3.7 billion, slightly below the €3.96 billion consensus estimate from LSEG analysts. 

Qatar fund denies report that it is exploring Valentino sale with Kering

Investing.com -- The head of Qatar-backed Mayhoola dismissed reports on Friday suggesting the fund and  Kering  (EPA:PRTP) were exploring a sale of their jointly owned fashion label Valentino.

European stocks edge higher; trade negotiations remain in focus

French luxury group Kering SA (PPRUY) has named Luca de Meo its next chief executive officer, tapping the top leader of Renault SA (RNLSY) to leverage his turnaround experience in the automotive sector for the luxury retail industry.The appointment, announced Monday, sent Kering's shares in Paris up 12%, their highest one-day gains since December 2008. Renault shares fell 8.7%, their most in three years.De Meo, set to join on Sept. 15, will be the first outsider to run Kering, which is controlled by the billionaire Pinault family. Kering manages renowned fashion brands like Gucci and Balenciaga.Current CEO Francois-Henri Pinault will step down and remain the board's chairman.The appointment is a significant development for Kering, which has recently struggled to keep pace with rivals such as LVMH and Hermès International.The luxury industry continues to face headwinds from sluggish demand and pronounced weakness in the Chinese market, challenges compounded by U.S. trade tariffs that threaten to drive up costs and further dampen consumer spending.Kering's stock has plunged nearly 80% from its August 2021 peak, even as the company has taken on higher debt levels."The Group is ready for a new stage in its development," Pinault said in a statement, underscoring the company's plan to bring fresh thinking for its brands' revival.De Meo's "sharp understanding of brands" and his experience as a top executive “convinced me that he is the leader I was looking for to bring a new vision," Pinault said.De Meo has spent five years leading Renault after earlier roles at Fiat and Volkswagen AG.At Renault, he is widely credited for turning around the French carmaker and overhauling its strategic alliance with Nissan. Renault's stock market value roughly doubled under De Meo.So far this year,&nbsp;shares of Kering and Renault on the Paris bourse are down more than 16%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Pedestrians pass a store of Italian luxury brand Gucci in Shanghai, China, on February 4, 2025. (Photo by Costfoto/NurPhoto via Getty Images)

Gucci Owner Kering Taps Renault's Luca de Meo As First Outsider CEO Amid Luxury Brand's Turnaround

Current CEO Francois-Henri Pinault will step down and remain the board's chairman.

Equity

Current CEO Francois-Henri Pinault will step down and remain the board's chairman.


Kering shares jump 7% on reports of Renault’s De Meo as next CEO

European stocks edge higher ahead of central bank meetings, G7 gathering

Kering in talks to sell a stake in Milan property to Qatari fund - report

Investing.com --  Kering  (EPA:PRTP) shares jumped around 7% in European trading Thursday following a report by Italy’s Corriere della Sera that the luxury group is negotiating the sale of a stake in its prime Milan property to the Qatar Investment Authority (QIA) for over €1.3 billion ($1.43 billion).

Luxury sector hit hard by tariffs, growth forecast turns negative

BofA outlines its playbook for luxury reporting season

Investing.com -- Bank of America expects a challenging luxury reporting season, forecasting a 1% decline in first-quarter revenue, which would mark a three-percentage-point slowdown from the previous quarter and fall 3% below consensus estimates. 

Which European luxury stocks are most at risk from weaker U.S. consumer sentiment?

Investing.com -- European luxury stocks face potential headwinds due to weakening U.S. consumer sentiment.

Kering SA engages in the design, manufacture, marketing, and retail of luxury apparel and accessories. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics products. It operates through the following segments: Gucci, Yves Saint Laurent, Bottega Veneta, Other Houses, and Kering Eyewear and Corporate. The company was founded in 1963 and is headquartered in Paris, France.

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