• Preheat the oven to 350°F. Grease a 9" springform pan and line the bottom with parchment paper. You could also use a 9" cake pan. Set aside until ready to use.

MAKE THE STREUSEL:

• In a medium mixing bowl, whisk together flour, brown sugar, granulated sugar, cinnamon, and salt. Scatter the butter cubes across the top and cut in with a pastry blender or rub the butter into the flour mixture using your fingertips.
• Once you can clump the mixture in your hand and it holds together, the streusel is ready. Transfer to the refrigerator.

MAKE THE CAKE:

• In a small mixing bowl, whisk together flour, granulated sugar, baking powder, and salt. Set aside.
• In a large mixing bowl, whisk together the egg, milk, vanilla extract, and almond extract. Slowly, stream in the melted butter, whisking all the while.
• Add the dry ingredients, and whisk until fully incorporated.
• Transfer the batter to the prepared pan and smooth over the top using the back of a spoon or an offset spatula. Add the sliced peaches across the top of the batter in a single layer and top with the streusel.
• Transfer to a center rack in the oven and bake for 40-45 minutes, or until the top is golden brown and a toothpick inserted in the center comes out clean or with just a few crumbs clinging to it. Transfer to a wire rack to cool for about 20 minutes.
• Remove the sides of the springform pan (if using). Serve right away or allow to cool to room temperature.