最新报道：According to the news from Bijie.com on July 21, according to 4E observation, the crypto market has ushered in many milestones recently. Stablecoins, IPOs, on-chain data and regulatory expectations have all heated up. Institutional participation and policy evolution are jointly promoting the deepening of changes in the crypto industry. According to Tether's official announcement, the market value of USDT has exceeded 160 billion US dollars, setting a record high. CEO Paolo Ardoino said this is "a key node in the reconstruction of global financial liquidity." At the same time, the total position of Ethereum on-chain contracts also exceeded 52 billion US dollars on July 20, setting a new record, and the activity on the chain continued to rise. The crypto industry has also ushered in a new round of IPO boom. Exchange and media giant Bullish has submitted a prospectus to the US SEC and plans to be listed on the New York Stock Exchange. Bullish was founded by Block.one and Silicon Valley veteran investor Peter Thiel. The shareholders behind it include Founders Fund, Thiel Capital, Alan Howard, Nomura Securities, etc. This move is seen as an important signal that the US capital market is further opening up to the crypto industry. At the policy level, the U.S. House of Representatives has passed the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, of which the GENIUS Act is about to be signed into law by Trump. The White House will also release its first encryption policy report on July 22, and U.S. Treasury Secretary Bensont even said that "the dollar will soon be on the chain," which will strengthen the encryption continuation of the dollar as a global reserve currency.