Hey there, PoI readers! 💫

It's your favorite crypto connoisseur, Mochi, back with another electrifying edition of Proof of Intel! This time, we're diving deep into a crypto rollercoaster that'll make your head spin faster than a blockchain transaction. From market meltdowns to AI breakthroughs, we've got a newsletter packed with more twists and turns than a memecoin's price chart. Whether you're a seasoned HODLer or a curious newcomer, buckle up for a wild ride through the digital frontier of tech and web3!

INTEL BRIEF

🟧 $1.3 Trillion Evaporates in Weekend Sell-Off, with Bitcoin and Major Cryptocurrencies Experiencing Significant Price Drops.

🟧 US Claims AI Race Lead with Groundbreaking Models that Outperform Competing AI Technologies.

🟧 Solana-based Memecoin Platform Cautiously Reintroduces Livestreaming with New Moderation Policies amid a Crumbling Memecoin Market.

🟧 Bitcoin Holdings Stand Still as Firm Reports $5.91 Billion Unrealized Loss while Maintaining Confidence in Cryptocurrency.

Crypto Market Crashes as $1.3 Trillion Vanishes Over Weekend

The weekend brought a crypto bloodbath that's got traders clutching their pearls and investors reaching for antacids. Bitcoin took a nosedive, plummeting below $77,000 – a 10% drop from its recent high of nearly $90,000.

But Bitcoin wasn't alone in this market massacre. Ethereum, XRP, Solana, and Dogecoin joined the downward spiral, with some cryptocurrencies seeing even more dramatic drops of up to 15% in just 24 hours. The total damage? A whopping $1.3 trillion wiped from the crypto market since January.

Charlie Sherry, a crypto analyst at BTC Markets, warns that Bitcoin has lost a critical support level it had maintained for a month. The next key support sits around $72,000 – the pre-election high that traders are watching nervously.

Geoffrey Kendrick from Standard Chartered Bank dropped an ominous prediction, suggesting that Sunday's crypto movements might be a harbinger of an "ugly" Monday in the financial markets.

Potential silver linings? Analysts point to two possible market saviors: a potential shift in Trump's stance or an emergency intervention by the Federal Reserve. Traders are betting the Fed might be forced to cut interest rates to prevent a U.S. recession – which could potentially flood the market with dollars.

Crypto markets crashed, losing $1.3 trillion in value

Bitcoin dropped below $77,000, other major coins saw 15% declines

Analysts warn of potential further market volatility

Meta Launches Llama 4 and Declares US Lead in Global AI Race

The AI world just got a massive upgrade with Meta's latest reveal that's got everyone from Silicon Valley to Washington buzzing. David Sacks, the White House AI and crypto czar, is declaring a game-changing moment in the global AI race.

Meta has unleashed two cutting-edge Llama 4 models that are turning heads faster than an AI can generate a dad joke. Meet Llama 4 Scout and Llama 4 Maverick – the new rockstars of artificial intelligence. Both models are packing 17 billion active parameters and are ready to rumble against the competition.

Llama 4 Scout comes with 16 experts, while Maverick brings a whopping 128 experts to the party. Meta is throwing down the gauntlet, claiming these models outperform rival large language models like Gemma 3, Gemini 2.0 Flash-lite, and Mistral 3.1 across multiple benchmarks. The Maverick model is particularly spicy, boasting capabilities that can compete with GPT-4o and Gemini 2.0 Flash.

The journey has been lightning-fast. Just two years ago, Meta first released Llama 1, and now they're already talking about dominating the AI landscape. Mark Zuckerberg's bold prediction from July 2024 is looking more prophetic by the minute – he expected Llama models to become "the most advanced in the industry" by 2025.

Quick fun fact: When Meta first released Llama 1, they were "blown away" by the demand, receiving over 100,000 access requests. Talk about an overnight sensation!

Meta launches Llama 4 Scout and Maverick AI models

Both models have 17 billion parameters and claim top-tier performance

US declares lead in global AI race with these breakthrough models

Pump.fun Gambles on Livestreaming Amid Memecoin Chaos

Pump.fun is making a comeback that's more dramatic than a reality TV show plot twist. After suspending livestreaming last November due to, well, let's call it "excessive creativity," the platform is tiptoeing back into the livestream arena – but only for 5% of users.

Alon Cohen, the platform's co-founder, claims they've upgraded their moderation systems to handle the wild west of memecoin content. But here's the kicker – they're explicitly acknowledging that things might get spicy. The moderation policy basically says, "We can't define what's appropriate, but we'll know it when we see it."

The backstory is wilder than you'd expect. Previously, memecoin creators were pulling stunts that would make shock-TV producers blush – including threats of violence and self-harm if tokens didn't hit price targets. It was so chaotic that the platform had to hit the pause button completely.

But the memecoin world isn't exactly thriving right now. The market is crumbling faster than a cookie in hot coffee. Data from Dune Analytics shows the graduation rate for tokens (those that become tradable) has plummeted to under 1%, down from 1.67%. Popular memecoins like Trump (TRUMP) are down over 90% from January highs.

The Solana network tells a similar story. Token launches have nosedived from a peak of 95,578 in January to just 31,651 on April 5. It's like watching a crypto fireworks show suddenly fizzle out.

Pump.fun restarts livestreaming with new moderation policies

Memecoin market experiencing significant downturn

Token launches on Solana network dropped dramatically

Michael Saylor Pauses Bitcoin Purchases During Market Volatility

Michael Saylor's Strategy is playing it cool in the midst of a Bitcoin rollercoaster. Despite the cryptocurrency tumbling below $87,000, the firm is holding steady with its massive Bitcoin stash.

In a recent SEC filing, Strategy revealed it didn't add a single Bitcoin to its portfolio during the week of March 31 to April 6. Talk about diamond hands! The company currently sits on a whopping 528,185 Bitcoin, purchased at an average price of $67,458 per coin – totaling a $35.6 billion investment.

But here's the crypto-sized twist: Strategy is staring down a $5.91 billion unrealized loss for Q1 2025. Most companies would be sweating, but Saylor? He's turning lemons into Bitcoin lemonade. The firm expects to offset this loss with a $1.69 billion income tax benefit.

Ever the Bitcoin evangelist, Saylor continued his social media rally cry. "Bitcoin is most volatile because it is most useful," he proclaimed, throwing shade at traditional financial instruments. He's painting Bitcoin as a financial Swiss Army knife that offers resilience against inflation, taxes, regulation, and other economic boogeyman.

The market's been wilder than a crypto conference after-party. Bitcoin peaked at $87,100 on April 2, only to nosedive below $82,000 following Trump's tariff announcement. But Saylor remains unshaken, suggesting that "inflation is just the tip of the iceberg".

Strategy holds 528,185 Bitcoin without new purchases

Reported $5.91 billion unrealized loss in Q1

Saylor continues to champion Bitcoin's long-term potential

And that's a wrap, my lovely PoI readers! I hope this edition left you feeling informed, entertained, and maybe even a little bit smarter. From Bitcoin's wild swings to Meta's AI magic, we've covered it all – and hopefully made you chuckle along the way. Remember to stay curious, stay informed, and keep your crypto spirit burning bright! Until next time, this is Mochi, signing off with a virtual high-five!

P.S. Don't forget to share your thoughts, questions, and favorite crypto puns with us. very voice matters in the PoI community! 📣❤️ Share the newsletter

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