Algorand Foundation said it is cutting 25% of its workforce, citing macro uncertainty and a broader crypto downturn. The organization said core priorities remain in place, including AlgoKit, Rocca, and post-quantum cryptography work.

The crypto market posted a mild rebound on April 4, with total capitalization at $2.38 trillion and edgeX leading gainers. Still, extreme fear persisted as Chainlink unlocked 19 million LINK, Leap Wallet announced a shutdown, and Russia advanced new wallet reporting rules.

The Algorand Foundation said it cut 25% of its staff because of macro pressure and the crypto downturn, one day after SEC and CFTC guidance classified ALGO as a digital commodity rather than a security.

In March-April 2026, U.S. regulators classified ALGO as a digital commodity. The Algorand Foundation and Algorand Technologies merged with $15M pledged. Google Quantum AI praised Algorand's post-quantum cryptography in a whitepaper.

Global crypto cap reaches $2.70T with BTC up 3.42% to $77,319 and ETH up 3.89%. Fear & Greed at 26 remains fearful. Binance to delist DEGO, DENT, TRU on April 28; Rhea Finance loses $18.4M in slippage attack; Circle launches USDC Bridge.

Bitcoin rose 2.5% to $68,919.84 as Ethereum gained 4.5%, XRP 3.4%, and Dogecoin 3.1%. Altcoins like STO surged 85%, OM 32%, and BLUR 32%, signaling broad market strength.

CryptoComLearn has published a 2026 watchlist of altcoins trading under $1, highlighting ONDO, ADA, TRX, XLM, ARB, GRT, and ALGO with a focus on liquidity, catalysts, use cases, and risk.

Algorand Foundation's AlgoBharat initiative now runs blockchain clubs at 100 Indian universities. ALGO price rose 1.04% to $0.08282, with bullish sentiment at 85%.