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Today is Friday, April 11, 2025.

The Early Bird Index today is 61.39

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Bitcoin's Trade War Pain 📉

The trade war continues to take its toll on cryptocurrency, with Bitcoin $BTC.X ( ▲ 3.24% ) falling about 3% on Thursday and nearing its lowest price in 2025.

Powering the Story: Blame the escalation of the U.S.-China trade conflict. The White House raised the effective tariff rate on Chinese goods to 145%, causing geopolitical uncertainty among investors. Risky investments, such as Bitcoin, are no longer in favor.

Yes, But: Thursday’s release of the Consumer Price Index showing a decrease for March should have helped with Bitcoin’s price, but there wasn’t enough momentum to counteract the bearish sentiment stemming from geopolitical risks.

Also: Many of the tools used for Bitcoin mining come from China, which means tariffs are bad for Bitcoin mining.

Early Bird’s Nest Egg Gains: If the trade war and tariffs between the U.S. and China worsen, Bitcoin could experience both short-term volatility and potential long-term shifts in its market dynamics.

• The short-term impact includes a market sell-off, increased liquidations, and liquidity stress.

• The long-term impact includes Bitcoin losing its so-called “safe haven” narrative and mining and supply chain disruptions.

Final Thoughts: Bitcoin is down about 14% this year. Many people assumed Bitcoin would thrive under a Trump presidency and it appears that is not the case.

Apple’s Starlink Update Sparks Huge Earning Opportunity

Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.

One of the biggest potential winners? Mode Mobile.

Mode’s EarnPhone already reaches +45M users that have earned over $325M, and that’s before global satellite coverage. With SpaceX eliminating "dead zones" worldwide, Mode's earning technology can now reach billions more.

Mode is now gearing up for a possible Nasdaq listing (ticker: MODE) but you can still invest in their pre-IPO offering at $0.26/share before their share price changes.

Invest before 5/1 price change.

_{*An intent to IPO is no guarantee that an actual IPO will occur. Please read the offering circular and related risks at invest.modemobile.com.
*The Deloitte rankings are based on submitted applications and public company database research.}

Notables

Notable Earnings Today: JPMorgan Chase (NYSE: JPM), BlackRock (NYSE: BLK), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), BNY Mellon (NYSE: BK), Fastenal (Nasdaq: FAST).

Notable IPOs Today: Webull Corporation Class A Ordinary Shares (Nasdaq: BULL).

Notable Equity Crowdfunding Campaigns Ending Today: North Fork Bread Co. (Honeycomb), Sunnoo (Netcapital), GOT BAG North America (Wefunder).

Notable Economic Events Today: Produce Price Index / PPI (8:30 a.m. ET), Michigan Consumer Expectations / Sentiment (10:00 a.m. ET).

Inotiv's FDA Testing Change

Inotiv $NOTV ( ▼ 1.02% ) , a contract research organization that provides nonclinical services for drug and medical device development, plunged 28.38% in after-hours trading on Thursday following a rule change at the U.S. Food and Drug Administration (FDA).

Details: The FDA announced that it wants to phase out some animal testing requirements and move towards AI-based models.

Background: A significant portion of Inotiv's work involves animal testing, primarily for toxicology studies. This announcement is good for animal rights, but bad for the company.

Final Thoughts: Inotiv was already down 66% this year. Yikes!

TreeHouse Foods Enacts Job Cuts

TreeHouse Foods $THS ( ▼ 1.25% ) jumped 4.85% in after-hours trading on Thursday after releasing a restructuring plan that included cutting 150 roles.

Final Thoughts: The stock was down 37% in 2025.

Trends to Watch

Coming Soon: Ether ETF staking could come as soon as May — Bloomberg analyst (Cointelegraph)

Sorry, Easter Bunny: US egg prices increase to record high, dashing hopes of cheap eggs by Easter (Associated Press)

What the Rich Invest in Now: The wealthy are loading up on cash, gold and family trusts during market turmoil (CNBC)

Boosting U.S. Manufacturing: Novartis plans to invest $23 billion in US sites as Trump renews drug tariff threats (Reuters)

Too Much Uncertainty: Mortgage rates are down, but it’s not about to get cheaper to buy a house (MarketWatch)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}