Major cryptocurrencies experienced further declines yesterday, with Bitcoin dropping below $90,000, closing down 2% at $89,900. Ethereum fell by 3% to $3,100, while Solana also saw a 3% decrease, settling at $134. XRP faced a notable drop of 7%, now priced at $2.08. On the upside, Lit, WLFI, and Monero each increased by 3%, marking them as the top gainers in the market. ZCash (ZEC) plummeted by 19% following the resignation of its development team amid a conflict with the board. The team has vowed to establish a new company and continue their mission. Meanwhile, JPMorgan has revealed intentions to launch its JPM Coin on the Canton network. Barclays has made an investment in Ubyx, a startup focused on U.S. stablecoin settlements, supporting infrastructure that would enable regulated entities to transfer digital currency across various issuers and wallets. The Senate Banking Committee is under increasing pressure as it approaches a crucial vote on cryptocurrency market structure legislation scheduled for next week. In Wyoming, the state has introduced its first state-issued stablecoin, the Frontier Stable Token, which is now available for public use. Additionally, a subsidiary of World Liberty Financial has applied for a national trust bank charter, aiming to issue and manage its USD1 stablecoin within a federally regulated framework. Starknet experienced a significant multi-hour outage due to a block production issue, necessitating a pause and rollback before it could resume operations.