Cryptocurrency markets experienced a downturn, with Bitcoin dropping below $90,000. ZCash 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. 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. Wyoming introduced its first state-issued stablecoin, Frontier Stable Token. World Liberty Financial's subsidiary applied for a national trust bank charter to issue and custody its USD1 stablecoin. Starknet experienced a multi-hour outage due to a block production bug.

Cryptocurrency markets experienced a downturn, with Bitcoin dropping below $90,000. ZCash 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. 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. Wyoming introduced its first state-issued stablecoin, Frontier Stable Token. World Liberty Financial's subsidiary applied for a national trust bank charter to issue and custody its USD1 stablecoin. Starknet experienced a multi-hour outage due to a block production bug.