Crypto: What July Flows Reveal About the Next Explosion

- The stablecoin market gains $4 billion in July following the adoption of the GENIUS Act in the United States.

- The reserves of $BTC on exchanges drop to 14.3%, strengthening a bullish trend.

- Tokenized real assets exceed $25 billion, driven by BlackRock, Franklin, and Ondo.

- Three U.S. states adopt pro-crypto laws, Arizona abandons a restrictive proposal.

- Seven countries, including Hong Kong and Germany, issue licenses to crypto companies.