July 2025 ended with a bullish sentiment in the crypto market, marked by a 2% decrease in Bitcoin reserves on exchanges, continuing a downward trend. This suggests that investors are taking Bitcoin off exchanges, anticipating price increases. Following the passage of the GENIUS Act regulating stablecoins on July 18, the stablecoin market witnessed a $4 billion increase in market cap, with active addresses rising over 20% to 38 million. In the tokenized real-world assets (RWAs) sector, total value surpassed $25 billion with a growth of 2.5% in July. Regulatory developments were significant, as three US states passed new crypto laws while seven countries established legal frameworks or issued licenses to crypto firms. The decrease in Bitcoin on exchanges highlights a potential supply shock, aligning with a notable increase in Bitcoin's price, demonstrating a growing trend of long-term holding among investors. Overall, July showed substantial movement toward clearer regulations and increased participation in the crypto space.

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