The cryptocurrency market experienced a downturn, 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 create a new company to continue their work. In other news, JPMorgan is set to launch its JPM Coin on the Canton Network. Barclays has invested in Ubyx, a U.S. stablecoin settlement startup, to facilitate digital money transfers for regulated institutions. A key Senate vote on crypto market structure legislation is approaching. Wyoming has introduced its state-issued stablecoin, Frontier Stable Token. Starknet experienced a multi-hour outage due to a block production bug.

The cryptocurrency market experienced a downturn, 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 create a new company to continue their work. In other news, JPMorgan is set to launch its JPM Coin on the Canton Network. Barclays has invested in Ubyx, a U.S. stablecoin settlement startup, to facilitate digital money transfers for regulated institutions. A key Senate vote on crypto market structure legislation is approaching. Wyoming has introduced its state-issued stablecoin, Frontier Stable Token. Starknet experienced a multi-hour outage due to a block production bug.