Cryptocurrencies experienced declines, with Bitcoin dropping below $90,000. ZCash (ZEC) saw a significant fall of 19% following the resignation of its developer team due to a dispute. The team intends to form a new company to continue their work. Other market movements included Ethereum (ETH) and Solana (SOL) also decreasing. In other news, JPMorgan is set to launch its JPM Coin on the Canton Network. Barclays invested in Ubyx, a stablecoin settlement startup. A key Senate vote on crypto market structure is approaching. Wyoming launched its state-issued stablecoin, and World Liberty Financial seeks a national trust bank charter for its USD1 stablecoin. Starknet experienced a multi-hour outage due to a bug.

Cryptocurrencies experienced declines, with Bitcoin dropping below $90,000. ZCash (ZEC) saw a significant fall of 19% following the resignation of its developer team due to a dispute. The team intends to form a new company to continue their work. Other market movements included Ethereum (ETH) and Solana (SOL) also decreasing. In other news, JPMorgan is set to launch its JPM Coin on the Canton Network. Barclays invested in Ubyx, a stablecoin settlement startup. A key Senate vote on crypto market structure is approaching. Wyoming launched its state-issued stablecoin, and World Liberty Financial seeks a national trust bank charter for its USD1 stablecoin. Starknet experienced a multi-hour outage due to a bug.