A downturn in the cryptocurrency market saw Bitcoin fall below the $90,000 mark, closing at $89,900 after a 2% drop. Ethereum decreased by 3% to $3,100, while Solana also experienced a 3% decline, settling at $134. XRP was particularly affected, losing 7% and reaching a price of $2.08. In contrast, Lit, WLFI, and Monero each gained 3%, standing out as the top performers in this volatile market. ZCash (ZEC) faced a significant setback, plummeting 19% amid the resignation of its development team due to internal disagreements with the board. The departing team has announced plans to form a new company and persist with their development efforts. On a different front, JPMorgan is set to roll out its JPM Coin on the Canton network, while Barclays has invested in Ubyx, which is focused on enhancing stablecoin settlements in the U.S. Furthermore, the Senate Banking Committee is poised for a critical vote next week regarding cryptocurrency market structure legislation, amidst mounting pressure. Wyoming has also launched its inaugural state-issued stablecoin, the Frontier Stable Token, for public use. Meanwhile, a subsidiary of World Liberty Financial is seeking a national trust bank charter to facilitate the issuance of its USD1 stablecoin under federal regulations. Starknet briefly halted operations due to a block production issue but has since resumed after addressing the problem.