🚀 Bitcoin falls on details of strategic reserve

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This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

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*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Bitcoin dropped as much as 6.5% before recovering some losses, trading around $82,050, as investors reacted negatively to Trump’s executive order establishing a U.S. strategic bitcoin reserve. The reserve will be funded by seized assets, with no plans for government purchases, disappointing those hoping for aggressive accumulation. While short-term sentiment is bearish, some analysts argue the move cements Bitcoin’s geopolitical importance, potentially prompting other governments to follow suit. White House Crypto Czar David Sacks hinted at future acquisitions through budget-neutral strategies, leaving long-term implications uncertain but bullish for the asset.

2. U.S. Treasury yields fell Monday as investors assessed economic risks following comments from President Trump and Treasury Secretary Scott Bessent, who both acknowledged the possibility of a slowdown. The 10-year yield dropped over six basis points to 4.253%, while the 2-year fell to 3.947%. Markets are bracing for key inflation data this week, with the Consumer Price Index (CPI) due Wednesday and the Producer Price Index (PPI) on Thursday, which will provide insight into economic momentum. Bessent warned of a "detox period" as the U.S. shifts from public to private spending, adding to investor concerns.

3. Mark Carney has won the Liberal leadership race, replacing Justin Trudeau as Canada’s prime minister at a critical time, with tensions escalating in a trade war with Trump’s U.S. administration. Carney, a former central banker with no prior political experience, defeated Chrystia Freeland with 86% of the vote and vowed to stand firm against Trump’s tariffs, keeping Canada’s retaliatory measures in place until the U.S. “shows respect.” The Liberals, once trailing by 20 points, are now tied with Pierre Poilievre’s Conservatives, buoyed by anti-Trump sentiment, but polls suggest neither party can secure a majority. With an election required by October, Carney is expected to call one soon.

4. Headlines

   1. The DOJ is still pushing for Google to divest Chrome.

   2. Tammy Nam is the new CEO of AI ad startups Creatopy.

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Onwards and Upwards,

Liam Gill