Focus only on price, and you may miss what truly changed in Q2. BTC corrected roughly 24% peak-to-trough, yet RWA, stablecoin settlement, and tokenized securities continued to grow. Crypto is evolving from a speculative market into an on-chain financial rail connecting real-world assets with global capital. The bigger story is not just price, it’s structural evolution. https://square.htx.com/htx-research-quarterly-strategy-2026-q3-liquidity-defines-crypto-a-new-crypto-order-under-global-liquidity-repricing/(HTX)