Bloomberg Daybreak Asia: Treasuries Hold Gains, Bitcoin Hits New All-Time High
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29 minutes ago
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Why Solana Is Sinking Today
Key Points Valuations for Solana and other top cryptocurrencies are dipping today following new information in Tesla's quarterly report. Tesla sold 75% of its Bitcoin holdings in the second quarter. Despite some recent pullbacks, the crypto market has been on an impressive run -- and it's got a big test coming up at the end of this month. 10 stocks we like better than Solana › Solana (CRYPTO: SOL) is selling off Friday amid valuation pressures impacting the broader cryptocurrency market. The token was down 2% over the past 24 hours as of 5:20 p.m. ET. Meanwhile, Bitcoin was down 1.3%, and Ethereum was down 0.3%. Top cryptocurrencies are seeing sell-offs today following Tesla's disclosure that it had sold 75% of its Bitcoin holdings in the second quarter. The crypto market has seen a significant recovery since the morning trading hours, but Solana is still in the red. Solana slips as Tesla discloses Bitcoin sale With the Q2 report Tesla issued yesterday, the company showed that it had sold 75% of its Bitcoin holdings in Q2. The news has caused investors to become more cautious about valuations in the crypto market today, and Solana is seeing a moderate valuation pullback in conjunction with the trend. The cryptocurrency market has generally been on an impressive bull run, with Bitcoin's march above $123,000 per token and favorable political developments helping to power strong gains. On the heels of the rally, investors are taking profits, easing off on purchases, and waiting for indicators about where valuations might be heading next. What's next for Solana? Solana has climbed roughly 20% over the last three months, but it's still down 4% across this year's trading. The token now has a market capitalization of roughly $99 billion, and it ranks as the sixth-largest cryptocurrency by valuation. The Federal Reserve's Federal Open Market Committee (FOMC) will meet on July 28 and July 29 and make a determination about whether to cut interest rates. Expectations that the FOMC will cut rates multiple times before the year is over have likely already factored in to gains for Solana and other cryptocurrencies over the last several months, but the upcoming Fed meeting still looks like the next big catalyst for the crypto market. Should you invest $1,000 in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. Why Solana Is Sinking Today was originally published by The Motley Fool
Yahoo
29 minutes ago
- Yahoo
Corn Heads Lower into the Weekend
Corn futures closed out the Friday session with contracts 2 to 3 cents in the red as forecasts remain wet. September was down 9 cents on the week. The CmdtyView national average new crop Cash Corn price was down 2 1/4 cents at $3.77 As we round out July, rain is expected to make its way from the northern Plains most of the Eastern Corn Belt in the next week, with 1 to 2 inches. USDA reported a private export sale of 102,870 MT of corn sold to Mexico this morning for new crop shipment. Another 140,000 MT was reported to South Korea all for 2025/26. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Grain Market Update: Where are Soybean, Corn, and Wheat Prices Headed? Cocoa Prices Finish Sharply Lower as Chocolate Demand Wanes Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. CFTC data from this afternoon showed a total of 2,610 contracts added back to the net short in the managed money position as of July 22 to 177,365 contracts. Weekly Export Sales data has total corn export commitments at 70.110 MMT, which is above the USDA estimate for the full year and compared to the 102% average pace by now. Exports are now 60.172 MMT, or 86% of the USDA number and behind the 89% average. Sep 25 Corn closed at $3.99 1/2, down 2 1/4 cents, Nearby Cash was $3.84 1/1, down 3 cents, Dec 25 Corn closed at $4.19, down 1 3/4 cents, Mar 26 Corn closed at $4.36 1/2, down 1 3/4 cents, New Crop Cash was $3.77, down 2 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
29 minutes ago
- Yahoo
Wheat Closes Lower on Friday to Push Week's Losses
The wheat complex held onto the weakness on Friday, with all three exchanges in the red. Chicago SRW futures were 2 to 3 1/4 cents lower on the day but pulled off the lows, as September was 8 cents lower this week. KC contracts were down 2 to 3 cents on Friday, with the weekly losses limited to 2 ½ cents for September. MPLS spring wheat posted just fractional losses, but managed a 10 ¾ cent loss since last Friday. Friday afternoon's Commitment of Traders report showed a total of 8,446 contracts trimmed from the spec fund net short position in CBT wheat futures and options as of July 22 to 52,041 contracts. In KC wheat, managed money was net short 43,959 contracts, a reduction of 4,043 contracts on the week. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Grain Market Update: Where are Soybean, Corn, and Wheat Prices Headed? Cocoa Prices Finish Sharply Lower as Chocolate Demand Wanes Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. USDA's Export Sales data tallied 8.984 MMT of wheat sold so far for this marketing year. That is 39% of the USDA estimate and above the average sales pace of 37%. A South Korean importer purchased a total of 85,200 MT of wheat from the US on Friday morning. FranceAgriMer estimates the soft wheat harvest at 86% complete, up from 71% last week. Sep 25 CBOT Wheat closed at $5.38 1/4, down 3 1/4 cents, Dec 25 CBOT Wheat closed at $5.58 1/4, down 3 cents, Sep 25 KCBT Wheat closed at $5.26 1/2, down 2 cents, Dec 25 KCBT Wheat closed at $5.47 3/4, down 2 cents, Sep 25 MGEX Wheat closed at $5.85 3/4, down 3/4 cent, Dec 25 MGEX Wheat closed at $6.06, down 3/4 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
