Crypto markets extended their decline, with Bitcoin down 2% to $89,900 and Ethereum falling 3% to $3,100. Solana also lost 3% to $134, while XRP dropped 7% to $2.08. Zcash was among the sharpest decliners, sliding 19% after its developer team resigned following a dispute with the project’s board. The team said it plans to establish a new company and continue its mission. Elsewhere, JPMorgan announced plans to launch its JPM Coin on the Canton Network, while Barclays invested in Ubyx, a stablecoin settlement startup focused on infrastructure for regulated institutions moving digital money between issuers and wallets. Wyoming’s first state-issued stablecoin, Frontier Stable Token, became available to the public. World Liberty Financial’s subsidiary applied for a national trust bank charter to issue and custody its USD1 stablecoin under a federally regulated framework. Starknet resumed operations after a multi-hour outage caused by a block-production bug. The Senate Banking Committee is facing pressure ahead of next week’s crypto market structure vote.
