Hey there, PoI readers! 🎉 Mochi here, at your service again, ready to serve up a delightful assortment of crypto, tech and web3 news. From Bitcoin and meme coin madness to the Morgan Stanley-UBS race for ETF supremacy, we've got a lot to cover.

Before we dive in, let's celebrate yet another feat, this is our 60th newsletter issue! 🎉 and, We're just as excited as you are 🤩 So, grab a seat and let’s just jump right into it.

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Here are the summaries with the important parts in bold:

🟧 As Bitcoin price recovers above $67,000, meme coins like DOGE, SHIB, WIF, PEPE, FLOKI, and BONK are rallying, with the potential for meme coin madness to return if BTC surpasses $69,000.

🟧 Historical data suggests Bitcoin could reach $435,000 by the 2028 halving, but the current rally may be driven more by ETF inflows than the halving itself.

🟧 Morgan Stanley and UBS are in a race to become the first wirehouse to fully approve Bitcoin ETFs.

🟧 Google is considering introducing paid AI-powered search features and exploring a subscription model while keeping its traditional search engine free.

The Meme Coin Avengers Assemble as Bitcoin Saves the Day

The meme coin madness might just be making a comeback! As Bitcoin (BTC) price flexes its muscles and quashes the April dip, the top meme coins by market capitalization are rallying like there's no tomorrow. It's like watching a bunch of clowns pile out of a tiny car at the circus, except instead of red noses and oversized shoes, we've got DOGE, SHIB, WIF, PEPE, FLOKI, and BONK.

Now, you might be wondering, "What's the connection between Bitcoin and these wacky meme coins?" Well, it turns out that meme coins have a tendency to follow BTC's lead, kind of like how a puppy follows its owner (or in this case, a Shiba Inu follows its master). Investors have caught on to this strong correlation and are using it as a cheat sheet to predict when the likes of Dogecoin and Shiba Inu will go to the moon.

Speaking of going to the moon, Shiba Inu (SHIB) is currently leading the pack with an impressive 8% gain, while Dogecoin (DOGE) is not far behind with a respectable 6% increase. Even the lesser-known meme coins like Dogwifhat (WIF), Pepe (PEPE), and Bonk Inu (BONK) are getting in on the action, posting an average of 4% gains. It's like a meme coin family reunion, and everyone's invited!

But what's driving this meme coin mania? According to a report by WazirX, there are three main reasons:

1. Retail investors can't get enough of these fun and exciting tokens.

2. Meme coins have relatively small market caps, so even a little bit of capital can cause a big price surge.

3. Meme coin communities are highly engaged, which fuels enthusiasm and demand.

So, if Bitcoin can manage to flip $69,000 into support (insert obligatory "nice" joke here), we could be in for a wild ride on the meme coin roller coaster. And if that happens, it might be time to dust off your "crypto bubble" detector because, as Fortune puts it, "when meme coins pump alongside BTC, it is often an indication that the crypto bubble is back."

But hey, who doesn't love a good bubble? Just make sure you're holding on tight and wearing your seatbelt because, in the world of meme coins, anything can happen!

Top meme coins like DOGE, SHIB, WIF, PEPE, FLOKI, and BONK are rallying as Bitcoin price recovers above $67,000.

Meme coins tend to follow Bitcoin's lead due to their strong correlation and popularity among retail investors.

If Bitcoin surpasses $69,000, meme coin madness could return, signaling the potential return of the "crypto bubble.

Bitcoin's 2028 Halving: A $435K Dream or an ETF-Fueled Reality?

Buckle up, folks! We're taking a wild ride into the future of Bitcoin, and the destination is the 2028 halving. If you believe in the power of historical data (and who doesn't love a good pattern?), then you might want to start saving up for that lambo because Bitcoin could be headed for a jaw-dropping $435,000 price tag.

Now, before you start counting your digital chickens, let's take a look at the numbers. Since the last halving in 2020, Bitcoin has already skyrocketed by a whopping 658%. If it keeps up this pace, we could be looking at a $434,280 Bitcoin by the time 2028 rolls around.

But wait, there's a catch! Bitcoin's post-halving rallies have been shrinking faster than your favorite pair of jeans in the dryer. From a mind-boggling 12,400% increase after the first halving to a still-impressive 1,200% jump by 2020, the trend seems to be heading towards more modest gains. If this pattern persists, we might be looking at a "mere" $303,600 Bitcoin in 2028.

Hao Yang from Bybit, on the halving parade, argues that the recent Bitcoin surge has less to do with the upcoming halving and more to do with the influx of spot Bitcoin ETFs. In fact, he boldly claims there's no evidence supporting a positive correlation between the halving event and Bitcoin's price. Ouch!

But don't lose hope just yet. If Bitcoin ETFs can outpace their gold counterparts (and let's face it, Bitcoin is the new gold), we could still see that six-figure Bitcoin price become a reality. According to Sam Wouters from River, Bitcoin is already "speedrunning" gold's trajectory, covering in 10 years what took gold 50.

So, will the 2028 halving bring us a $435K Bitcoin, or will ETFs steal the show? Only time (and maybe a few more tweets from Elon Musk) will tell. In the meantime, keep hodling, keep dreaming, and keep enjoying the wild ride, that is the world of crypto!

Historical data suggests Bitcoin could reach $435,000 by the 2028 halving, but diminishing returns may lead to a more modest $303,600 price.

The current Bitcoin rally may be driven more by spot ETF inflows than the halving itself, according to Bybit's Hao Yang.

Bitcoin ETFs are outpacing gold ETFs, which could help propel Bitcoin to six-figure prices in the future.

The Great Bitcoin ETF Race: Morgan Stanley vs. UBS

looks like we've got a good old-fashioned race on our hands, folks! According to crypto insider, Andrew "AP" Abacus, Morgan Stanley and UBS are neck-and-neck in the competition to become the first wirehouse to fully embrace the glorious world of Bitcoin ETFs.

Picture this: two banking behemoths, sweating it out on the trading floor, frantically trying to one-up each other in the name of crypto dominance. It's like watching two heavyweight boxers duke it out, only instead of punches, they're throwing around financial jargon and compliance paperwork.

Word on the street is that Morgan Stanley might just pull ahead and make the big announcement a few days before UBS. But don't count UBS out just yet - they've been whispering sweet nothings about Bitcoin ETFs to anyone who'll listen. It's a race so intense, even global banks are gossiping about it like high schoolers at the prom.

Now, before you start placing bets on who'll cross the finish line first, let's consult the oracle of ETFs himself, Eric Balchunas. He says neither bank has taken the plunge yet, but when they do, it'll be an "all-at-once type moment." In other words, get ready for a synchronized swim of Bitcoin ETFs hitting the market.

Of course, not everyone's on board the Bitcoin bandwagon. Goldman Sachs' chief investment officer, Sharmin Mossavar-Rahmani, recently declared, "We're not believers in crypto." Well, Sharmin, maybe you just haven't seen the light yet. Give it time, and you might just find yourself singing the praises of digital assets like the rest of us cool kids.

So, there you have it, folks. The Great Bitcoin ETF Race of 2024 is upon us, and we're all along for the wild ride. Will Morgan Stanley take the crown, or will UBS pull off a last-minute upset? Only time (and maybe a few more insider tweets) will tell. In the meantime, grab some popcorn and enjoy the show!

Morgan Stanley and UBS are competing to be the first wirehouse to fully approve Bitcoin ETFs.

Insider sources suggest Morgan Stanley might announce a few days before UBS.

Despite the hype, some banks like Goldman Sachs remain skeptical about crypto as an investment asset class.

Google's AI-Powered Search: The Freemium Dream Turned Premium Scheme

The tech giant is cooking up something special, and it might just have you reaching for your wallet. That's right, Google is considering introducing premium AI-powered search features and exploring a subscription model. But don't worry, the free search experience we all know and love (and occasionally yell at) will still be available, ads and all.

Now, you might be thinking, "Wait, I have to pay for better search results? What's next, a subscription for breathing air?" But hold on, let's not get too carried away. Google's main product, Google Search, has been free since its launch in the early 2000s, and that's not changing anytime soon. The company is simply exploring different ways to monetize its fancy new AI tech.

You see, AI queries require more computing power than your average search for "funny cat videos," which means they're more expensive to run. So, it makes sense that Google might want to charge a premium for its "Search Generative Experience." Plus, the company already offers various subscription plans, like the Gemini AI assistant in Gmail and Docs, so adding AI-powered search features to the mix isn't too far-fetched.

But what does this mean for you, the loyal Google user? Well, if you're happy with the current search experience, complete with ads and the occasional irrelevant result, then you can carry on as usual. However, if you're eager to try out the latest and greatest in AI-powered search, you might have to shell out a few bucks for the privilege.

Of course, Google isn't the only player in the AI game. OpenAI's ChatGPT and Microsoft's support have thrown their hats into the ring, making for some fierce competition. But let's not forget, Google is the pioneer of the technology behind the current AI surge, so they've got a bit of a head start.

So, will you be signing up for Google's AI-powered search subscription? Or will you stick with the tried-and-true free version? Either way, one thing's for sure: the future of search is looking more intelligent (and possibly more expensive) than ever before!

Google is considering introducing paid AI-powered search features and exploring a subscription model.

The traditional search engine will remain free, with ads still appearing alongside search results.

AI queries are more expensive to run, so Google may charge a premium for its "Search Generative Experience."

Google faces competition from OpenAI's ChatGPT and Microsoft in the AI space.