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Bitcoin slips under $69K after hawkish Fed, while Amundi bets on tokenization
Crypto.com downsizes workforce as enterprise AI becomes key focus.
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The Fed held rates steady and markets threw a tantrum.
Bitcoin whales dumped over $117M in BTC within hours.
Meanwhile, Europe's largest asset manager just went on-chain.
The theme today: traditional finance is building while crypto natives are cutting.
Here's what that tension looks like up close.
Amundi launches tokenized fund on Ethereum and Stellar
Amundi just put a treasury management fund on public blockchains.
The product, called SAFO, targets corporates and institutions needing better collateral workflows.
It runs on both Ethereum and Stellar, giving clients chain optionality.
When a firm managing €2.3 trillion picks public rails over private ones, the tokenization thesis stops being theoretical.
Markets
Hawkish Fed and sticky inflation send risk assets sliding
The Fed held rates at 3.5%-3.75% and markets didn't take it well.
Bitcoin OGs offloaded over 1,650 BTC as hopes for multiple rate cuts faded.
Rising oil prices and stubborn inflation have traders reassessing how long tight liquidity lasts.
BTC slipped below $69K, ETH fell near $2,100, SOL dropped toward $87, and XRP settled around $1.4.
Crypto.com cuts 12% of staff as it pivots to enterprise AI
CEO Kris Marszalek said the layoffs were necessary for survival.
The Singapore-based exchange is restructuring around automation and AI tooling.
It's a bet that the next moat in crypto isn't headcount — it's algorithms.
Algorand Foundation slashes a quarter of its workforce
Algorand cut 25% of staff, citing macro uncertainty and a prolonged market downturn.
ALGO is down 19% year to date, hovering near $0.09.
When your token barely clears a dime, belt-tightening stops being optional.
On Our Radar
The custody-free swap: ChangeNOW builds enterprise-grade infrastructure for non-custodial trading.*
Blockchain goes mainstream: SEC just green-lit tokenized securities on traditional exchanges.
Crypto's hardware wallet wars: Trezor, Ledger, SafePal, and NGRAVE battle for 2026 dominance.
*sponsored
ICYMI
Meme of the Day
That’s your briefing. Catch you next time.
Vi
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