On July 21, according to 4E observation, the crypto market has recently ushered in a number of milestones, with stablecoins, IPOs, on-chain data, and regulatory expectations all heating up. Institutional participation and policy evolution are jointly driving the crypto industry to deepen reform. According to the official announcement of Tether, the market value of USDT has exceeded 160 billion dollars, setting a new record high, CEO Paolo Ardoino...