logo
New crypto ICO 'TOKEN6900' garners attention within days in token presale

New crypto ICO 'TOKEN6900' garners attention within days in token presale

Time of India4 days ago
Academy
Empower your mind, elevate your skills
The TOKEN6900 ($T6900) presale launched just a few days ago, and it has already raised over $250,000 in its meme coin presale. That might not sound like a jaw-dropper in crypto, where billions are made and lost in a matter of hours. But here's the twist. The coin doesn't even pretend to offer utility. There is no roadmap, tech, or products. TOKEN6900 is all memes, chaos, and a strong dose of early 2000s internet energy. So what is TOKEN6900, really?Most new crypto projects make inflated promises.In stark contrast, TOKEN6900 leans into the absurd. After all, that's the central idea behind meme coins. It doesn't track the economy or build dApps or try to tokenise anything. It just exists, and people are buying in fast.Unlike most meme coins and altcoins that try to fake their way into the next big thing, TOKEN6900 wears its ridiculousness like a badge of honour. It calls itself the 'anti-S&P 500'. It doesn't follow charts, respond to markets, or care about fundamentals.However, digging deeper, one could come to the conclusion that TOKEN6900 is a response to the fake seriousness of crypto. It has drawn comparisons to SPX6900 for tapping into the collective humour of the internet. However, TOKEN6900 comes with even more unhinged energy and one extra token in supply.The crypto market has also seen hundreds of 'AI-powered' coins this year. A majority of them turned out to be nothing more than fancy branding. TOKEN6900 doesn't go there. There's no mention of machine learning, LLMs, or 'revolutionising the blockchain with neural networks.'In fact, that's part of the appeal. There's no attempt to sound smart. TOKEN6900 isn't trying to impress anyone.This kind of raw honesty is surprisingly rare in the crypto world. If the new crypto ICO numbers are any sign, it's helping the project build trust, even from popular crypto YouTube channels like 99Bitcoins.One of TOKEN6900's biggest selling points is that it doesn't do what most tokens do. No inflation. No endless minting. No hidden team wallets. Instead, it introduces the idea of a Non-Corrupt Token (NCT). Out of a total supply of just over 930 million tokens, 80% is being sold in the ongoing crypto presale. That mitigates the chances of dilution and rapid dumps later.As the project puts it: your savings account is a 'slow rug', and your 401k is discreetly being drained by inflation. TOKEN6900 doesn't lie about being better. It just says: 'We're nothing. But we're honest about it.'The self-deprecating humour gives the coin a nice touch, but what about the tokenomics?The coin has taken off with a modest $6 million market cap. That's low enough to give early buyers serious upsides if hype catches on. The crypto presale price is currently $0.0064, but it may go up to $0.007125 as more tokens are sold.A passive income programme is already live too. Right now, the reward rate is hovering around 200% per year. However, investors who are late to join the party will get much lower rates.Investors can buy TOKEN6900 with ETH, BNB, USDT, USDC, or even a debit card directly from the official website. Claiming the tokens will be easy post-presale through Best Wallet.Will TOKEN6900 become the next Bonk, Pepe, or SPX6900? Maybe. Maybe not. The meme coin market is too wild for accurate predictions. But it's already building a fast-growing community with nothing more than the collective love for memes.: TOKEN6900: help@TOKEN6900.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US stocks rise on US-EU trade deal prospects; Intel falls
US stocks rise on US-EU trade deal prospects; Intel falls

Economic Times

time42 minutes ago

  • Economic Times

US stocks rise on US-EU trade deal prospects; Intel falls

Wall Street's main indexes were higher on Friday after EU officials signaled that a framework trade deal with the U.S. could be signed as soon as this weekend, while Intel tumbled following a disappointing forecast. ADVERTISEMENT At 11:36 a.m. the Dow Jones Industrial Average rose 71.91 points, or 0.15%, to 44,762.88, creeping up to the record high it had touched on December 4. The S&P 500 gained 15.65 points, or 0.24%, to 6,378.89, and the Nasdaq Composite gained 51.29 points, or 0.25%, to 21,110.19. Intel dropped 9% after the chipmaker forecast steeper third-quarter losses than expected and announced plans to slash jobs. Deckers Outdoor soared 18% after beating first-quarter revenue and profit estimates on resilient demand for its sneakers and boots in international diplomats said the proposed agreement would set a 15% baseline tariff on EU goods entering the U.S. and a 50% levy on European steel and aluminum. President Donald Trump said earlier in the day the odds of a U.S.-EU trade deal were "50-50".Negotiations with South Korea, too, accelerated as countries scrambled to sidestep Trump's steep import duties. ADVERTISEMENT "It's another notch in the gun where trade victories seem to be a driving force right now," said Sam Stovall, chief investment strategist at CFRA Research."Wall Street's being rewarded for its belief that these are negotiating tactics rather than realities. And until that changes, investors will continue to be encouraged by additional agreements." ADVERTISEMENT The flurry of trade progress including fresh agreements with Japan, Indonesia and the Philippines helped set the three major indexes on track for a strong finish to the week, if gains the week also saw some setbacks. Heavyweights Tesla and General Motors stumbled and were on track for their steepest weekly losses in nearly two months if the declines continue. ADVERTISEMENT Tesla CEO Elon Musk warned of tougher quarters ahead amid shrinking U.S. EV subsidies, while General Motors took a hit after absorbing a $1.1-billion blow in its second-quarter earnings from Trump's focus turns to the U.S. Federal Reserve meeting next week, with Wall Street widely expecting the central bank to hold interest rates steady as it weighs the impact of the tariffs on inflation. ADVERTISEMENT Trump stepped up his campaign for borrowing costs to be lowered after a rare visit to Fed headquarters on Thursday. Often a vocal critic of Fed Chair Jerome Powell, he claimed on Friday that their meeting had gone well and hinted that Powell might be warming to the idea of rate now see about 64% chance of a rate cut in September, according to CME's FedWatch other stocks, Health insurer Centene posted a surprise quarterly loss, but its shares gained 6.6%.Paramount Global rose 1.3% after U.S. regulators approved its $8.4-billion merger with Skydance issues outnumbered advancers by a 1.12-to-1 ratio on the NYSE and by a 1.43-to-1 ratio on the Nasdaq. The S&P 500 posted 33 new 52-week highs and six new lows, while the Nasdaq Composite recorded 44 new highs and 42 new lows. (You can now subscribe to our ETMarkets WhatsApp channel)

In earnings season, it's AI good, everything else, not so much
In earnings season, it's AI good, everything else, not so much

Time of India

time2 hours ago

  • Time of India

In earnings season, it's AI good, everything else, not so much

Businesses focused on artificial intelligence are raking it in so far this earnings season. Those catering to actual people, less so. The AI spending surge is providing a big boost for semiconductor and software giants like Google parent Alphabet , while companies from airlines to restaurants and food manufacturers are struggling to navigate an erratic U.S. trade policy which is boosting costs, upending supply chains and hurting consumer confidence. Along with Alphabet, SK Hynix and India's Infosys exceeded market forecasts on Thursday and predicted brighter days to come, with Alphabet and SK Hynix both flagging plans to boost spending. SK supplies the world's most valuable company Nvidia, the AI chipmaking giant that recently surpassed $4 trillion in market value. By contrast, executives at many consumer names were less enthusiastic, from luxury bellwether LVMH, packaged food giant Nestle , to toymakers Hasbro and Mattel and airlines Southwest and American . They, along with automakers and giants like Coca-Cola, have indicated that some segments of the buying public have pulled in their spending as prices and interest rates remain high. The dichotomy is evident in IBM's results. Sales in Big Blue's "AI book of business" grew 25 percent in its most recent quarter to $7.5 billion, while its software segment fell short of expectations and the company sounded cautious about how much its consulting segment might grow this year. The equity market has accentuated the positive. News that the U.S. had struck a trade deal with Japan and was closing in on a deal with the European Union ahead of an Aug 1. deadline boosted markets. The broad S&P 500 notched another record this week and the Eurostoxx was just a few points shy of that mark. "The market is getting friendly with a view that tariffs ending up higher than they have ever been for 100 years will not have a negative impact on economic growth, because we haven't seen any negative impact on economic growth so far," said Van Luu, head of solutions strategy, fixed income and foreign exchange at Russell Investments. Whether companies continue to absorb that hit remains to be seen. So far, companies have reported over July 16-22 a combined full-year loss of as much as $7.8 billion, with automotive, aerospace and pharmaceutical sectors hurt the most by tariffs, according to a Reuters tariff tracker. U.S. averages have been buoyed by the so-called Magnificent Seven, a group of tech giants that has benefited heavily from spending plans on artificial intelligence, and currently accounts for more than 30% of the value of the S&P. "AI is one of the strongest areas of growth for the economy, and the market mirrors the economy," said Adam Sarhan, chief executive of 50 Park Investments. To be sure, the market's reaction may be in part because a larger-than-normal percentage of companies are clearing a lowered bar for estimates. At the beginning of April, the market expected 10.2% year-over-year S&P earnings growth, but by July, that number had dropped to 5.8%, according to LSEG data. With about 30% of constituents reporting results, the blended earnings growth rate sits at 7.7%. Tech goes full speed ahead AI-focused businesses continued to print money in the most recent quarter. Nvidia supplier SK Hynix posted record quarterly profit, boosted by demand for artificial intelligence chips and customers stockpiling ahead of potential U.S. tariffs. Indian IT services provider Infosys raised the floor of its annual revenue forecast range to 1% to 3%, from flat to 3%, matching analyst expectations. "The tech community is going ahead full speed ahead... and banks are in a very strong position now," said Bill George, former chairman and CEO of Medtronic and executive education fellow at Harvard Business School. "Other companies will struggle to get growth." Uncertain consumer Consumer companies have been less upbeat. Nestle, the world's biggest packaged food maker, reported softer demand as it struggled to win thrifty shoppers to its big brands. U.S. airlines Southwest and American Airlines warned that Americans are travelling less, the latest signal that U.S. consumers are remaining cautious about their spending. Toymakers Mattel and Hasbro both said uncertainties around tariffs are acting as a headwind. Carmakers are among firms dealing with the most difficulty. The auto giants are resisting raising prices, eating the cost of tariffs that may cost them millions or billions of dollars. Levies on metals, copper and auto parts made it harder to navigate changing tariff policies. South Korea's Hyundai Motor on Thursday posted a 16% decline in second-quarter operating profit, saying U.S. tariffs cost it 828 billion won ($606.5 million) in the second quarter, with a bigger hit expected in the current quarter. General Motors still expects a $4 billion to $5 billion hit to its bottom line this year. On Wednesday, Tesla Chief Executive Elon Musk said U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters", as his firm reported its worst quarterly sales decline in over a decade.

US stock market rallies as S&P 500 and Nasdaq hit fresh records amid earnings boom and Fed rate cut hopes
US stock market rallies as S&P 500 and Nasdaq hit fresh records amid earnings boom and Fed rate cut hopes

Economic Times

time3 hours ago

  • Economic Times

US stock market rallies as S&P 500 and Nasdaq hit fresh records amid earnings boom and Fed rate cut hopes

U.S. stock markets continued their upward climb on Friday, July 25, 2025, as the S&P 500 and Nasdaq Composite pushed into new record territory, while the Dow Jones hovered just below its all-time highs. Investors remain bullish, fueled by a powerful combination of strong corporate earnings, renewed optimism over potential Federal Reserve rate cuts, and positive sentiment around upcoming U.S. trade deals. As tech and AI-related stocks maintain their momentum and inflation cools further, Wall Street seems to be riding a wave of cautious confidence. U.S. Stock Market stays positive amid strong earnings and fed speculation- On Friday, July 25, 2025, U.S. stock markets continued their upward momentum, with the S&P 500 and Nasdaq Composite inching further into record-high territory. The Dow Jones Industrial Average, while not yet setting a new record, also showed modest gains, supported by investor optimism surrounding strong corporate earnings, easing inflation, and increasing speculation about a potential Federal Reserve interest rate cut. This continued bullish sentiment reflects a combination of solid economic data, corporate performance that's exceeding expectations, and a supportive policy environment. Investors appear more willing to bet on equities, especially as tech giants and AI-driven companies continue to outperform. The S&P 500 rose about 0.1% to 0.17% , continuing its streak of record closing highs. rose about , continuing its streak of record closing highs. The Nasdaq Composite edged up roughly 0.01% to 0.1% , also hitting fresh all‑time highs. edged up roughly , also hitting fresh all‑time highs. The Dow Jones Industrial Average climbed between 0.16% and 0.2% , but still remained just below its all‑time high. climbed between , but still remained just below its all‑time high. Intel shares dropped significantly, dragging on Dow performance despite broader market strength. significantly, dragging on Dow performance despite broader market strength. Strong earnings from roughly 80% of S&P 500 companies helped fuel investor confidence. from roughly 80% of S&P 500 companies helped fuel investor confidence. Tech and AI stocks—including big names like Alphabet and Nvidia—led the gains. Both the S&P 500 and Nasdaq Composite have been grinding out small but consistent gains throughout the week, and Friday followed suit. The S&P 500 added around 0.1% to 0.17%, while the Nasdaq Composite hovered just above the flatline, up by about 0.01% to 0.1%. These small advances may not seem headline-worthy, but they have kept both indexes in record-breaking mode, notching up the longest streak of all-time closing highs since December. This quiet but persistent climb reflects underlying confidence in the U.S. economy, earnings season resilience, and a hopeful outlook on interest rate adjustments. The Dow Jones Industrial Average, which slipped by 0.7% on Thursday, rebounded slightly on Friday morning, rising about 0.16% to 0.2%. Although still just shy of its all-time high, the Dow's recent movements suggest stability amid corporate turbulence. A key reason the Dow is lagging slightly behind its peers is the sharp drop in Intel shares, which tumbled over 6% to 8% after the chipmaker reported a surprise quarterly loss and announced planned job cuts. Intel's performance weighed on the Dow but had less impact on the broader market indexes like the S&P 500. A major catalyst behind the current stock market rally is the performance of technology and AI-driven stocks. Companies like Alphabet (Google) and Nvidia have played a crucial role in propping up the S&P 500 and Nasdaq Composite. The widespread enthusiasm around artificial intelligence continues to fuel investor appetite, especially with businesses across sectors ramping up their investments in AI tools, chips, and platforms. Nvidia's continued dominance in the GPU space, along with Google's strong cloud and AI integration, signals a tech-fueled growth cycle that's far from over. Another key driver of the bullish market trend is a better-than-expected earnings season. So far, approximately 80% of companies listed on the S&P 500 have beaten analyst expectations for second-quarter earnings. Positive surprises from consumer goods makers like Deckers Outdoor and healthcare players such as Edwards Lifesciences have reassured investors that inflation pressures are not eroding corporate profitability as feared. Earnings reports have also shown that many companies are managing to maintain margins, cut costs, and adapt to new consumer behavior trends in a high-interest-rate environment. As broader markets showed strength, one stock that clearly stole the spotlight was GE Vernova (GEV)—today's top-performing stock across the S&P 500. GE Vernova delivered an impressive earnings report, posting $1.73 per share , a dramatic rise from just $0.08 last year. , a dramatic rise from just last year. The company's $9.1 billion in revenue beat expectations and highlighted strong growth across its energy and grid technology divisions. beat expectations and highlighted strong growth across its energy and grid technology divisions. GE Vernova secured 9 gigawatts of new project contracts this quarter, cementing its position as a rising energy infrastructure leader. this quarter, cementing its position as a rising energy infrastructure leader. Management raised the full-year revenue forecast to $36–$37 billion and increased the outlook for free cash flow , giving investors even more reason to stay bullish. and increased the outlook for , giving investors even more reason to stay bullish. With shares now up over 90% year-to-date, GE Vernova is rapidly becoming one of Wall Street's favorite plays in the AI-powered energy transformation. One of the most watched developments in recent weeks has been the Federal Reserve's evolving stance on interest rates. Speculation is mounting that the Fed could begin cutting rates as early as September, especially as inflation continues to cool and economic growth remains stable. Fed officials have been sending mixed but increasingly dovish signals, suggesting they are open to adjusting policy if inflation shows further signs of slowing. President Donald Trump's recent comments, urging the Fed to "do what's necessary" to maintain economic momentum, have also added pressure on central bankers. Lower interest rates would not only support consumer and business borrowing but also make equities more attractive relative to bonds, further supporting the ongoing stock market rally. Markets also found support from positive trade developments, particularly with key trading partners like Japan, the Philippines, Indonesia, and the European Union. As the August 1 deadline for new trade agreements approaches, expectations are high that the U.S. will finalize deals that benefit manufacturing, tech, and agricultural sectors. Investors are optimistic that these agreements could ease global supply chain pressures, reduce tariffs, and enhance export opportunities for U.S. firms. This sense of forward-looking trade optimism is helping keep markets steady even amid short-term uncertainties. With Friday's modest but solid gains, all three major U.S. indexes are heading toward their fourth positive week out of the past five. This trend reflects sustained market momentum, especially as new money continues to flow into equity markets from both retail and institutional investors. The S&P 500's climb, in particular, has impressed analysts, with many noting how it has managed to break records without relying on large, volatile daily swings. Instead, it's been a gradual, fundamentally supported rally—something market bulls see as a sign of long-term strength rather than a short-term bubble. Here's a quick look at the current performance of the major U.S. stock indexes as of Friday, July 25: Index Movement Trend Status S&P 500 +0.1% to +0.17% Multiple daily record closes New all-time high Nasdaq +0.01% to +0.1% Flat to modest gains, still record New all-time high Dow Jones +0.16% to +0.2% Stabilizing after Intel-led drop Near record, not yet breached As we move into the final week of July, investors are watching several key developments: More earnings reports from tech and consumer giants like Apple , Amazon , and Procter & Gamble from tech and consumer giants like , , and Further clarity on the Federal Reserve's interest rate path Finalization of international trade agreements Ongoing developments in AI, chip manufacturing, and data security July jobs data and new inflation reports that may guide rate cut decisions Markets may remain relatively calm in the short term, but any surprise—positive or negative—on these fronts could drive volatility. For now, though, the prevailing trend points to cautious optimism, backed by solid fundamentals and investor U.S. stock market is navigating a sweet spot of strong earnings, hopeful Fed signals, and tech-driven growth. As long as inflation remains in check and policy supports expansion, the path of least resistance may continue to be upward. Q1: Why is the US stock market hitting new records now? Strong earnings, AI stock growth, and Fed rate cut hopes are pushing it higher. Q2: What's keeping the Dow Jones from reaching a record? Intel's weak earnings and job cuts slowed down the Dow's momentum.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store