Zcash (ZEC) went more than four hours without producing a new block, according to InfinityHedge. The halt followed an emergency upgrade coordinated by developers a day earlier to fix a vulnerability in Orchard, the protocol's newest shielded pool. The team said the flaw was identified during a security review and that there is no evidence of exploitation so far.

Avalanche's (@avax) real-world asset (RWA) transfer volume soared 3,810% over the past 30 days to $428.9 million, according to rwa(.)xyz. Distributed asset value on the network also rose more than 27% to $914.6 million.

On-chain data shows a transfer of 224,821,537 USDT, valued at US$224,548,829, from Bitfinex to the Tether Treasury.

MARKETS: XRP fell 5% to $1.20 after breaking below the $1.25 support level on a surge in trading volume to 205 million tokens. The move comes even as exchange balances continue to decline and ETF inflows remain robust. If $1.20 fails to hold, traders are watching $1.13 as the next downside level.

Mastercard said it is expanding its stablecoin settlement options, adding USDC, PYUSD and RLUSD to its lineup.

Citi has pointed to Chainlink's Cross-Chain Interoperability Protocol (CCIP) as a core technology for linking blockchain networks, underscoring its potential role in the development of tokenized finance. In its report, Citi projects the market for tokenized assets could reach $8.2 trillion by the end of the decade. The bank added that institutional investors are increasingly prioritizing secure cross-chain infrastructure to support asset settlement.

UPDATE: BitMine is down $8.9B on its ETH holdings, while Strategy is down $7.6B on its BTC position.

A whale wallet linked to Matrixport that is long 120,000 ETH (about $224.5 million) is now sitting on an unrealized loss of more than $46 million. The position has also incurred $1.78 million in funding fees. Reported liquidation levels are $1,573.93, $1,515.91, $1,416.52 and $1,355.83.

HUGE: hyperliquid:native is quickly gaining traction with Wall Street as a round-the-clock marketplace for trading perpetual futures. The Wall Street Journal reports the platform is being used to access a wide range of underlying exposures, from crude oil to pre-IPO companies.