Zcash The situation has been resolved! Conversation ZEC More Merts! BTC drops to $90,000!

Overview: Mainstream currencies collectively down

Mainstream currencies in the crypto market declined again yesterday. Bitcoin fell below the $90,000 threshold, reporting about $89,900, a 24-hour drop of around 2%; Ethereum reported about $3,100, down by about 3%; and Solana reported about 134 dollars, also down about 3%.

In terms of gains, Litecoin (LIT), World Liberty Financial (WLFI) and Monero ( XMR ) were up by about 3%, topping the chart. Zcash showed a bearish performance, down 19% in one day.

ZEC drops 19%, development team announces departure

Zcash 's sharp price decline was caused by the resignation of its core development team after a disagreement with the board. According to public information, the team has said that it will set up a new company to continue advancing the technical mission of the original project.

Accelerated entry of traditional financial institutions stablecoin

In terms of institutional dynamics, J.P. Morgan announced plans to deploy its JPM Coin into the Canton network and expand its settlement capability on blockchain . At the same time, Barclays invested in U.S.-based stablecoin -settled startup Ubyx, supporting it with building infrastructure that will help regulated entities move digital funds between different issuers and wallets.

There are new developments at the legislative level as well: The Senate Banking Committee will hold a key vote on crypto market structure legislation next week, and pressure is mounting.

Policy and project progress: State level stablecoin with trust license application

The launch of Wyoming's first state-issued stablecoin Frontier Stable token is now open to the public. This move has been seen as a landmark event for exploration at the U.S. State level with digital currency .

In addition, World Liberty Financial 's subsidiary has applied for a National Trust Bank license to issue and custody its USD1 stablecoin bonds under the federal regulatory framework.

On a technical level, Starknet suffered several hours of outages due to the block production vulnerability. The network was paused and rolled back before being restored.

Risk tip: This article is for public information only and does not constitute any investment advice. crypto asset Prices fluctuate wildly, please do your own risk assessment