Just been noticing a pretty significant trend in crypto over the past 9 weeks - a bunch of major firms have been quietly cutting headcount. The reasoning seems pretty consistent: weak market conditions paired with the rise of AI taking over certain roles. Interesting timing really, because we're seeing this play out across the industry at the same time. Some teams are consolidating, others are shifting focus entirely. The market downturn obviously played a role, but there's definitely something else going on with how companies are adapting to AI capabilities. Makes you think about where the industry is heading when firms are forced to make these kinds of decisions. Worth keeping an eye on how this reshapes the competitive landscape over the next few quarters.