Cryptocurrency markets exhibited notable shifts with Bitcoin exchange reserves declining significantly while stablecoin usage surged following regulatory developments.
Bitcoin exchange reserves fell 2% in July alone and have decreased approximately 14% since early-year benchmarks. Industry analysts interpret this persistent outflow as a signal of strengthening bullish sentiment among investors adopting longer-term holding strategies.
Meanwhile, the stablecoin market capitalization expanded by nearly $4 billion after passage of the landmark GENIUS Act, surpassing $250 billion. This legislative clarity coincided with stablecoins achieving record adoption, reflected in a 20% monthly increase in active addresses across networks totaling over 38 million users.
The tokenized real-world asset sector grew 2.6% to breach $25 billion monthly valuation. Momentum stemmed primarily from institutional participation in private credit offerings and US Treasury debt tokenization, though regulatory ambiguity hindered expansion in tokenized equity markets.
Regulatory milestones shaped market infrastructure globally as Missouri, New Hampshire, and Oregon enacted crypto-compliance legislation. Arizona notably vetoed a crypto reserve bill citing enforcement challenges. Internationally, European MiCA approvals progressed while projects including Ripple and Circle pursued strategic US banking licensure.