Crypto market analysts are optimistic as July is close, and Bitcoin reserves in crypto exchanges drop 2% on the month.
This is a bullish signal. A reduction in exchange reserves indicates that people take their bitcoin (Btc) off replace and handle it, expect the price higher. While 2% in the moon looks like a small potato, it continues a general decline in reserves exchange since January.
In the US, the House of Representative passed three crypto laws in July. One of them – the Genius Act regulating Stablecoins – was signed by President Donald Trump’s law. In the rules for stablecoins, and a regulatory framework in the form of The Clarity Act that creates the way through the Senate, observers predict a major growth in the Stablecoin sector.
The value of tokenized real-world assets (RWAs) continues to grow, with a total RWA cost of onchain growing 2.6%. Companies have embraced tokenized stocks, but further adoption can come with legal problems.
Here’s July of the numbers.
Stablecoin Market adds $ 4 billion to market cap as the Genius Act becomes law
On July 18, Trump signed the Genius Act in law, which set a series of regulations for the Stablecoin industry.
It does not include the provisions for those who provided Stablecoin to offer their customers’ interests – a major sticking point from the Bigwigs in the industry such as Coinbase CEO Brian Armstrong – but the law has been named as a major step forward for the crypto industry.
In July, nearly $ 4 billion was added to Stablecoin’s supply, Carrying a general market cap of stablecoins above $ 250 billion.
Stablecoins have also become more active. The number of monthly active addresses reached 20% in July to more than 38 million. It reflects the growing adoption of Stablecoins, the total amount of the transaction that reached more than $ 7 trillion in the first quarter of 2025.
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Sygnum Chief Investment Officer Fabian Dori previously Cointelegraph said that the Genius Act “Provides confidence to organizations and providers to produce original, innovative ‘killer apps’ that not only serve the current needs of their customers but create demand for full new services, including payments.”
Bitcoin exchange reserves continue to descend
The amount of bitcoin sitting in the exchanges will decrease. In July, bitcoin exchange reserves dropped 2%, continuing a trend that continued since the beginning of 2025.
When viewing the trend since January, the number of bitcoin reserves in exchanges drops by 14%.
July also marked the first time since 2018 with less than 15% of the overall Bitcoin supply is in exchange. Lack of supply to exchanges and over-the-counter (OTC) desks have Led some analysts to believe That there will be a “supply shock” of Bitcoin in the near future, as the consumer demand meets the reduced supply.
Bitcoin analysis account crypto chief mentioned The significant variation on bitcoin price, which recently hit all the time, and the BTC’s low supply to OTCs and the OTC exchange: “The Bitcoin balance available OTC is in the freefall. We have never seen such a variation between balance and price! You are witnessing a problem with the supply playing.”
Reducing supply to exchanges means that people are moving to long -term handling. This may mean that investors are expecting a price rally or further volatility in the market, according to Ben Zhou, CEO of Exchange Bybit.
Related: Bitcoin in Limbo: Watch BTC price levels leading to FOMC
He said at a press conference in July, “In recent months, the centralized exchange of handling Bitcoin reserves has been in a collapse. That usually means that people are not trading the market and they think the price is changing. So, that means there is no confidence.”
Tokenized Rwas passed $ 25 billion
The total amount of tokenized RWA exceeded $ 25 billion, growing nearly 2.5% in July.
A report from Binance Nakasa said“As the regulatory frameworks become clearer, the sector prepared for continued growth and increased participation from major industry players.”
In fact, the total value of the RWA market has grown by 260% this year only, driven primarily by tokenized private credit and debt by the US Treasury.
In July, the value of tokenized stocks Grow up 15% up to $ 400 million.
Trading app Robinhood announced at the beginning of the month that it would offer RWA trade. At the time of publishing, the tokenized stock addresses reached about 700% in the moon.
Related: Boom to RWA tokenization demonstration after passing the Genius Act – Aptos Exec
Tokenized stocks may be an interesting way for companies to raise capital, but there are still legal questions, especially if private companies like Openai offer so-called “equity” that have no public ownership rights through tokens.
Regulators in some constituents are raised The concerns if there is sufficient protection to the investor For stock tokenholders.
Three US states passed crypto laws; Arizona Axes Crypto Reserve Bill
While the Genius Act and Congress’ Crypto Week steal titles in July, the states are also working on expanding their regulatory outlines for cryptocurrencies. Three States – Missouri, New Hampshire and Oregon – Crypto laws passed in January.
Missouri has introduced regulations for crypto ATMs and a law that treats gold and silver species, as well as metals supported by electronic currencies, as legal soft.
New Hampshire established A committee “to analyze and develop a potential framework of regulation for stable tokens and tokenized real-world assets (RWAs),” to submit its findings on November 1.
Oregon updated its law on abandoned to include crypto, “treating them as abandoned after three years and are obliged to hold to remit or, if point out, they are liquid for the state manager.”
In Arizona, Governor Katie Hobbs Vetoed House Bill 2324creating a state stock from the crypto seized by law enforcement authorities. Hobbs blocked the bill because “local implementation from working on the state to the digital asset forfeiture was not careful by removing the seized properties from the local constituents.”
Approval of crypto firms companies approved seven countries
Governments around the world have introduced licensing frameworks to adjust the cryptocurrency industry.
In July, seven countries developed legal structures or released licenses to cryptocurrency companies.
The Hong Kong Monetary Authority Its policies ended for stablecoins and launched a public register for licensed issues.
In Europe, Bybit, OKX and Coinhares have all received licenses under the markets in the Crypto-Assets (MICA) regulation framework. Official Bybit Operations were launched in AustriaWhile OKX and Coinhares Set up a shop in France.
Meanwhile, Ripple announced that it is looking for a license Under Mica and looks at an expansion of Europe by Luxembourg. Allunity, a Stablecoin project from DWS and Deutsche Bank, Received approved from German financial regulators.
The crypto exchange bitstamp is able to serve customers in Singapore following the approved from the country’s financial authority.
In the US, both Ripple and Circle are looking for banking licenses. The license will allow companies to offer custodial services and operate nationwide under the supervision of the COMPTROLLER office money, rather than need to apply as one to the state regulators.
Magazine: Crypto entrepreneurs have cheated themselves’ with price predictions: Peter Brandt
