7.13 AI Daily Report Crypto Assets market heat is rising, regulatory trends attract follow.

1. Headlines

1. The price of Ripple (XRP) skyrockets, triggering heated discussions among investors.

The price of Ripple (XRP) has surged over 20% in the past 24 hours, sparking discussions among investors. XRP's current market capitalization has exceeded $160 billion, making it the third largest cryptocurrency after Bitcoin and Ethereum.

The main reason for the surge in XRP prices is investors' optimistic expectations regarding a favorable outcome in the SEC lawsuit. Analysts believe that if Ripple wins the lawsuit, it will pave the way for regulatory clarity for the XRP token, thus encouraging institutional investors and companies to enter the space. Additionally, Ripple's recently launched RLUSD stablecoin has also brought new use cases for XRP.

Some investors believe that the rise in XRP's price reflects a recovery in the cryptocurrency market. However, some analysts warn that 95% of circulating XRP is currently in profit, posing a risk of profit-taking. Overall, the future development prospects of XRP remain uncertain, and investors need to act cautiously.

2. Elon Musk's xAI company requires employees to install monitoring software, raising privacy concerns.

According to reports, Elon Musk's AI company xAI has asked employees to install monitoring software on their personal computers, sparking privacy controversies. The software can monitor employees' internet behavior, keyboard inputs, etc., aiming to prevent data leaks.

Supporters believe that this is a necessary measure to protect the company's secrets and intellectual property. However, some are concerned that excessive monitoring may infringe on employees' privacy rights and affect work efficiency. Some former employees revealed that Musk is very sensitive to data security issues and even suspects that someone is stealing information internally.

This move reflects the dilemma faced by technology companies in balancing the protection of intellectual property and respecting employee privacy. Analysts point out that with the rapid development of artificial intelligence technology, relevant laws and regulations need to be improved to regulate corporate behavior and protect employee rights. At the same time, companies also need to establish transparent policies to gain employees' understanding and trust.

3. The European Union warns of retaliatory high tariffs against the United States.

The European Union warns that it will retaliate against the high tariffs announced by U.S. President Trump, further escalating the trade dispute between the two sides. Trump announced a punitive tariff of 30% on imports from the EU starting August 1, citing that the EU has long "taken advantage of the United States."

The EU strongly opposes this move, stating that it will disrupt the cross-strait supply chain and harm the interests of both companies and consumers. Bernd Lange, chairman of the European Parliament's trade committee, stated that this is not the way to deal with important trading partners, and the EU will develop countermeasures on Monday.

Analysts point out that although Trump has left room for further adjustments to tariffs, this move will exacerbate global trade tensions and may trigger a chain reaction. If both sides cannot reach an agreement on trade differences, it will have a severe impact on the global economic recovery.

4. The Cryptocurrency Fear and Greed Index has shifted to "Greed" state.

According to data from Alternative.me, the cryptocurrency fear and greed index dropped to 74 on July 13, indicating that the market has shifted into a "greed state." This index is an important indicator of investor sentiment, with higher scores representing a more greedy market.

Analysts believe that this change reflects investors' optimistic sentiment towards the recent rise in the cryptocurrency market. Bitcoin's price has increased by nearly 30% since mid-June, with many altcoins experiencing explosive growth.

However, some experts warn that excessive greed may bring risks. If prices experience a significant drop, it could trigger liquidation events, and investor sentiment will quickly turn to panic. Therefore, investors need to manage their risk tolerance carefully and avoid excessive leveraged trading.

Overall, the current market sentiment is bullish, but investors should also remain rational and cautiously manage risks.

5. The Central Bank of Ghana requires cryptocurrency companies to register mandatorily and strengthen regulation.

The Bank of Ghana announced that all virtual asset service providers must register by August 15, as part of Ghana's efforts to strengthen regulation of the cryptocurrency industry. Unregistered companies will face sanctions.

This move aims to enhance the integrity of the crypto industry and consumer protection. The Central Bank of Ghana stated that there are risks of money laundering and illegal financing associated with crypto assets, and an effective regulatory framework needs to be established.

Industry insiders have differing views on this move. Supporters believe that reasonable regulation will benefit the long-term healthy development of the industry. However, some are concerned that excessive regulation may stifle innovation and impact the decentralized nature of cryptocurrencies.

Analysts point out that cryptocurrency regulation is a global challenge. Countries are striving to balance risk prevention and innovation development, seeking a reasonable regulatory path. The industry itself also needs to strengthen self-discipline to gain public trust.

2. Industry News

1. Bitcoin breaks through the $118,000 mark, market sentiment is bullish.

The price of Bitcoin broke through the key resistance level of $118,000 in the past 24 hours, reaching a high of $118,500. This strong rise was primarily driven by continued buying from institutional investors. Analysts point out that the tightening supply of Bitcoin and the increasing institutional demand are the main factors driving the price increase.

The significant increase in trading volume indicates that market sentiment remains bullish. However, some analysts warn that excessive leverage could pose liquidation risks, and a substantial price pullback might trigger a shift in investor sentiment. Overall, Bitcoin's upward momentum continues, but investors need to be aware of potential risks.

2. Ethereum breaks through $2800, institutional demand continues to grow.

The price of Ethereum has broken through the important resistance level of $2800 in the past 24 hours, reaching a high of $2850. This increase is mainly driven by continued buying from institutional investors, especially as the inflow of funds into Ethereum ETFs has reached a new high.

Analysts believe that the continuous development of the Ethereum ecosystem, the advancement of Layer 2 scaling solutions, and the popularity of applications such as DeFi are the key factors driving the price increase. The significant growth in trading volume also reflects the market's optimistic sentiment towards Ethereum's prospects.

However, some analysts warn that the high Gas fees of Ethereum may limit its adoption to some extent. Additionally, changes in regulatory policies may also have a certain impact on Ethereum. Overall, the long-term outlook for Ethereum remains positive, but investors need to closely monitor potential risk factors.

3. The Solana ecosystem continues to heat up, with SOL prices breaking through 170 dollars.

The Solana ecosystem has been heating up over the past week, with the price of SOL breaking the $170 mark. This increase is mainly driven by the rapid development of applications such as DeFi and NFTs within the Solana ecosystem.

Analysts point out that Solana's high performance and low gas fees have attracted numerous developers and users, driving the prosperity of the ecosystem. Additionally, investments from some well-known investment institutions in the Solana ecosystem have also added momentum to the price increase.

However, some analysts also remind that the Solana ecosystem is still in its early stages of development, and there are certain risks and uncertainties. If significant security incidents or technical issues arise, it could negatively impact the price. Overall, the prospects for the Solana ecosystem are bright, but investors need to carefully assess the risks.

4. XRP price breaks through $2.8, regulatory disputes may be resolved.

The price of XRP has surpassed $2.8 in the past 24 hours, primarily driven by optimistic expectations regarding the resolution of regulatory disputes. Analysts believe that if XRP can shake off the regulatory shadow, it will be poised for broader adoption.

The significant increase in trading volume reflects investors' optimism about the prospects of XRP. However, some analysts also remind us that even if the regulatory disputes are resolved, XRP still faces some challenges in terms of practical application.

In addition, since most of the XRP is held by a few addresses, there is a certain concentration risk. If these large holders engage in selling, it could negatively affect the price. Overall, there is uncertainty in XRP's prospects, and investors need to carefully assess the risks.

5. The price of Meme coin BONK skyrockets, and trading activity increases significantly.

The price of the meme coin BONK has skyrocketed in the past 24 hours, with a significant increase in trading activity. This surge is mainly driven by retail investors, reflecting a rebound in speculative sentiment.

Analysts point out that the price of Meme coins is highly volatile and speculative in nature. If the speculative sentiment continues to rise, it may further drive up the price of BONK. However, some analysts also warn that Meme coins lack practical use cases, and prices may experience significant pullbacks in the future.

In addition, the attitude of regulatory agencies towards Meme coins is also an uncertain factor. If regulatory policies tighten, it may impact the trading activities of Meme coins. Overall, the outlook for Meme coins carries significant uncertainty, and investors need to be highly vigilant about risks.

6. Cryptocurrency market sentiment remains high, with the fear and greed index reaching 74.

According to data from Alternative.me, the Fear and Greed Index for the cryptocurrency market reached 74 on July 13, indicating that market sentiment remains at a high level of "Greed."

Analysts believe that the high market sentiment is mainly due to the continuous rise in the prices of major cryptocurrencies such as Bitcoin and Ethereum. The significant increase in trading volume also reflects investors' optimistic expectations for the future of cryptocurrencies.

However, some analysts also remind that overly optimistic sentiment may lead investors to blindly chase prices, thereby increasing risks. If a significant negative event occurs, it could trigger a rapid shift in sentiment, resulting in a sharp decline in prices. Therefore, investors need to remain rational and carefully assess risks.

7. Cryptocurrency exchange Coinbase is under scrutiny, CEO retweeted related posts.

The CEO retweeted a post on social media, questioning whether some negative reports about Coinbase published by Bloomberg might have been influenced by Coinbase.

This tweet points out that Coinbase, as a competitor of Coinbase, may attempt to undermine Coinbase by manipulating media coverage. Coinbase believes that this practice is unfair and also harms the overall interests of the industry.

Analysts point out that the competition among cryptocurrency exchanges is becoming increasingly fierce, with all parties seeking to enhance their market share and influence. However, if improper means are adopted, it may harm the healthy development of the industry. Therefore, all parties should adhere to the principle of fair competition and jointly promote the healthy development of the industry.

3. Project News

1. Sui blockchain project leads the development of the Move ecosystem, attracting developer attention.

Sui is a brand new blockchain project developed by Mysten Labs, aimed at creating a high-performance, scalable distributed ledger system. Sui uses the Move programming language and is another important force in the Move ecosystem following Aptos.

Latest Updates: Sui officially launched its testnet in May this year and released its mainnet in June. Recently, Sui launched the SuiPlay gaming platform and set up the largest gaming booth at the KBW conference in South Korea, showcasing Sui's ambitions in the gaming sector. Additionally, Sui has partnered with the Grayscale Foundation to launch the USDC stablecoin on the Sui blockchain.

The innovation of Sui lies in its adoption of a completely new data model and parallel execution architecture, significantly enhancing the system's throughput and scalability. Unlike traditional blockchains such as Ethereum, Sui uses an object-based data model, where each object has a unique ID, allowing for the parallel processing of transactions for different objects, thereby achieving high throughput.

Market Impact: As a rising star in the Move ecosystem, the emergence of Sui provides developers with more options. Compared to Aptos, Sui has certain advantages in performance and scalability, attracting considerable attention from developers. Currently, multiple projects such as Cetus have been deployed on Sui. In the future, Sui is expected to become an important force in the Move ecosystem.

Industry feedback: Crypto analyst Liam Antrim stated, "The emergence of Sui has injected new vitality into the Move ecosystem, and the advantages of the Move language will be better utilized." Another analyst, Crypto Bully, believes, "Sui's parallel execution architecture solves the scalability issue, but security still needs time to be tested."

2. The Solana ecosystem continues to gain momentum, with new projects emerging one after another.

Solana is currently one of the most active public chain ecosystems. At the recently concluded Breakpoint conference, many new projects in the Solana ecosystem were unveiled, demonstrating strong development momentum.

Latest news: At the Breakpoint conference, many new projects in the Solana ecosystem made their debut, such as Cub, FlashTrade, SonicSVM, Solayer, and more. These projects cover multiple fields including DeFi, infrastructure, and privacy computing, showcasing the diversified development of the Solana ecosystem.

The vitality of the Solana ecosystem is inseparable from the continuous growth of the community. According to statistics, nearly half of the attendees at this conference are participating in Breakpoint for the first time, and the influx of fresh blood has brought new energy to Solana.

The continuous development of the Solana ecosystem benefits from its high performance and low transaction fees. As a high-throughput public chain, Solana provides developers with a good infrastructure, attracting a large number of innovative projects to join.

Market Impact: The continued efforts of the Solana ecosystem are expected to further enhance its position in the public chain field. With the launch of more innovative applications, Solana is likely to attract more users and promote the healthy development of the ecosystem.

Industry feedback: Crypto analyst Adam Cochran stated, "The level of activity in the Solana ecosystem is impressive, and the continuous emergence of new projects will bring new development momentum to it." Another analyst, Lark Davis, believes, "Solana's advantage in performance is its biggest selling point, but security still needs to be taken seriously."

3. Sui has partnered with Grayscale to launch the USDC stablecoin.

The Sui blockchain project has reached a cooperation with the Grayscale Foundation to launch the USDC stablecoin on the Sui chain, marking an important step in the development of the Sui ecosystem.

Latest update: According to the cooperation agreement between both parties, Grayscale will launch the USDC stablecoin on the Sui chain, providing a stable value anchoring tool for the Sui ecosystem. USDC is one of the largest stablecoins in the cryptocurrency market, and its launch on the Sui chain will bring liquidity support to the Sui ecosystem.

This cooperation is of great significance for the development of the Sui ecosystem. Stablecoins are the cornerstone of the DeFi ecosystem, and the introduction of USDC will provide a solid foundation for DeFi applications within the Sui ecosystem. Furthermore, the presence of USDC will also facilitate the interconnection between the Sui ecosystem and the broader cryptocurrency market.

The cooperation between Sui and Grayscale also reflects the trust both sides have in each other. As an industry-leading digital asset custody institution, Grayscale's involvement is undoubtedly a recognition of Sui's technological strength.

Market Impact: The launch of USDC on the Sui chain will further strengthen the Sui ecosystem, laying the foundation for attracting more quality projects and funds. At the same time, this will promote the integration of the Sui ecosystem with the broader cryptocurrency market, facilitating the flow of funds and users.

Industry feedback: Crypto analyst Luke Martin stated, "The introduction of USDC marks a new development stage for the Sui ecosystem, and innovations in areas like DeFi are worth looking forward to." Another analyst, Lark Davis, believes, "Stablecoins are a key component of ecosystem development, and the collaboration between Sui and Grayscale will bring significant growth."

4. Aptos blockchain focuses on We games, attracting game developers to join

Aptos is another emerging public chain project based on the Move language. Recently, the project has made new progress in the We gaming field, attracting a number of game developers to join.

Latest news: The Aptos Foundation has announced partnerships with several well-known game studios to jointly promote the development of WeGames. These studios include famous game companies such as Animoca Brands and Limit Break, and multiple game titles will be launched on the Aptos chain in the future.

At the same time, the Aptos Foundation has launched an incentive program for game developers, providing financial support for game projects that join the Aptos ecosystem. The program aims to attract more excellent game development teams to join the Aptos camp.

Aptos's layout in the We gaming field benefits from its high performance and scalability. As a new public chain that uses the Move language, Aptos has significant advantages in transaction throughput and parallel processing capabilities, making it very suitable for high-frequency application scenarios such as gaming.

Market Impact: Aptos's efforts in the We gaming sector will further enhance its competitiveness in the public chain market. With more quality gaming projects joining, the Aptos ecosystem will attract more users, promoting the healthy development of the ecosystem.

Industry feedback: Crypto analyst Adam Cochran stated, "Aptos's layout in the gaming sector is a wise move, and gaming could become its killer application." Another analyst, Lark Davis, believes that "Aptos's technical strength has been recognized by the industry, but its security still needs time to be tested."

5. Solana Ecosystem DeFi New Star Oxy Upgrades, Launches V2 Version

Oxy is a highly regarded DeFi project within the Solana ecosystem. Recently, the project launched its V2 version upgrade, bringing multiple new features to users.

Latest Update: The significant upgrade of Oxy V2 includes the launch of a new risk engine, optimization of user experience, and the addition of a new token incentive mechanism, among other improvements. The new risk engine can better manage the risk exposure of user assets and enhance the security of funds. In addition, Oxy has also optimized the user interface, allowing users to manage their assets more conveniently.

As an innovative DeFi protocol within the Solana ecosystem, Oxy has attracted significant attention. The project is dedicated to providing users with efficient and secure asset management solutions, maximizing user returns through algorithmic hedging strategies.

The launch of Oxy V2 has further enhanced the competitiveness of the project. The addition of new features not only improves the user experience but also injects new momentum for Oxy's development.

Market Impact: As a rising star in the Solana ecosystem, the launch of the Oxy V2 version will further enhance its influence in the DeFi sector, bringing more innovative vitality to the Solana ecosystem.

Industry Feedback: Solana ecosystem investor Anbu Anbunathan stated, "Oxy has always been a leader in the Solana DeFi space, and the launch of V2 will take it to the next level." Another analyst, Lark Davis, believes, "Oxy's algorithmic strategies are innovative, but the risk control capabilities still need time to be tested."

6. Chainlink has become a key infrastructure for equity tokenization

Chainlink is a decentralized oracle network that has recently made new progress in the field of tokenizing equity, becoming a key infrastructure driving this emerging trend.

Latest developments: More and more companies are beginning to tokenize equity, mapping traditional stocks onto the blockchain to enjoy the efficiency and transparency benefits brought by blockchain. In this process, Chainlink plays a key role by providing reliable price data and execution guarantees for equity tokenization.

Chainlink, through its decentralized oracle network, can bring highly accurate off-chain data onto the blockchain, ensuring that the process of tokenizing equity is fair and transparent. At the same time, Chainlink also provides reliable execution guarantees to ensure that the relevant contracts can be executed automatically as agreed.

Tokenization of equity is seen as a significant innovation of blockchain technology in the traditional financial sector. Through tokenization, stocks can be traded 24/7, and the trading process becomes more efficient and transparent.

Market Impact: As a key infrastructure for tokenization of equity, the role of Chainlink cannot be underestimated. With the promotion of this trend, Chainlink will gain broader application prospects, further enhancing its position in the blockchain market.

4. Economic Dynamics

1. U.S. June inflation data may show the impact of tariffs beginning to transmit.

Economic Background: The US economy is maintaining a moderate growth trend in the first half of 2025, with a first-quarter annualized GDP growth rate of 2.4%, slightly below expectations. Inflation levels eased in May, with core CPI rising 2.9% year-on-year, but still above the Federal Reserve's target level of 2%. The job market remains robust, with an unemployment rate of 3.6% in May.

Important Event: The US government will impose tariffs on major trading partners such as China and the European Union in 2024, aiming to protect domestic industries and reduce the trade deficit. This move has sparked widespread attention and controversy. Economists predict that the June inflation data will show that the impact of tariffs is beginning to be passed on to consumers.

Market Reaction: Investors remain vigilant ahead of the upcoming June inflation data. On one hand, tariffs may drive up the prices of imported goods, exacerbating inflationary pressures; on the other hand, companies may absorb some of the cost increases to maintain market share. Market participants are closely monitoring inflation trends, as this will influence the Federal Reserve's monetary policy direction.

Expert Opinion: Former Federal Reserve Chair Janet Yellen stated that the impact of tariff policies takes time to be fully reflected in the data. She believes that if inflation continues to rise, the Federal Reserve may have to accelerate the pace of interest rate hikes to control inflation expectations. On the other hand, Goldman Sachs Chief Economist Jan Hatzius believes that the impact of tariffs may be absorbed by companies, and its driving effect on inflation may be limited.

2. The trade dispute between the EU and the US has intensified, with negotiations between the two sides at an impasse.

Economic background: The European Union is one of the largest export markets and sources of imports for the United States. The economies of both sides are highly complementary, and trade ties are close. However, in recent years, bilateral trade frictions have continued to escalate, affecting global economic stability.

Important Event: The U.S. government announced a 30% tariff on goods exported to the European Union starting August 1. This is the latest measure taken by the Trump administration to reduce the trade deficit and protect domestic industries. The EU strongly opposes this and negotiations between the two sides have stalled.

Market reaction: Investors are concerned that the escalation of trade disputes will impact global economic growth. European and American stock markets fell in response, while the dollar index edged higher. The euro to dollar exchange rate dipped briefly. Global financial markets are experiencing increased volatility, and risk aversion sentiment is rising.

Expert opinion: Robert Bernstein, an economics professor at Harvard University, believes that the escalation of trade disputes between the US and Europe will have a severe impact on the global supply chain and could trigger a global economic recession. On the other hand, Chad McLellan, chief economist at Morgan Stanley, stated that both sides will ultimately reach a compromise to avoid the worst outcome of a full-scale trade war.

3. Federal Reserve Chairman Powell may resign due to high renovation costs.

Economic Background: The U.S. economy is experiencing moderate growth in the first half of 2025, but inflation levels remain high. Federal Reserve Chairman Powell has been working to control inflation while maintaining a robust labor market.

Important event: U.S. President Trump recently harshly criticized Powell for misconduct in managing the renovation project at the Federal Reserve headquarters and for concealing related plans from Congress. The project budget has exceeded by $700 million, with total costs expected to reach around $2.5 billion.

Market reaction: The news of Powell potentially resigning has caused significant volatility in the market. Investors are concerned about the continuity of Federal Reserve policies, leading to a sharp decline in U.S. stocks. The bond yield curve has inverted, indicating an increased risk of economic recession.

Expert opinion: Former Federal Reserve Vice Chairman Fischer believes that Powell's resignation would bring significant uncertainty to the U.S. economy. He urges the Trump administration and Congress to maintain good communication with Powell to avoid political factors interfering with the independence of monetary policy. However, Goldman Sachs believes that even if Powell resigns, the Federal Reserve's policy tone will not fundamentally change.

5. Regulation & Policy

1. Hong Kong Financial Secretary Paul Chan: South Korean regulators are highly concerned about the regulation of stablecoins in Hong Kong.

The Financial Secretary of Hong Kong, Paul Chan, recently published an essay titled "Trip to Seoul," revealing the high level of concern from the Korean financial sector and regulatory bodies regarding Hong Kong's digital asset regulation. As a financial center in Asia, Hong Kong's initiatives in digital asset regulation have attracted significant attention.

Hong Kong is formulating regulations for stablecoins, aiming to establish a comprehensive regulatory framework for the issuance and operation of stablecoins. This initiative has garnered significant attention from the industry and regulatory bodies in South Korea. Both sides have engaged in in-depth exchanges regarding regulatory experience sharing, industry development strategies, and the application directions of stablecoins.

Stablecoins act as a bridge between crypto assets and the traditional financial system, and their regulation is crucial for maintaining financial stability. The regulatory framework for stablecoins in Hong Kong will provide clear compliance guidelines for industry participants, helping to promote the application of stablecoins in areas such as payments and cross-border remittances. At the same time, it also offers a reference for regulatory practices in other regions.

Industry insiders believe that the advancement of stablecoin regulation in Hong Kong will further consolidate its status as an international financial center. Prudent and robust regulation will create a safer and more reliable environment for investors, attracting more enterprises and capital to Hong Kong. However, how to strike a balance between promoting innovation and preventing risks still requires careful consideration from regulatory authorities.

2. Hong Kong Legislative Council member Wu Jiezhuang suggested establishing the "Belt and Road Crypto Asset Regulatory Alliance"

Hong Kong Legislative Council member Wu Jiezhuang recently submitted recommendations for the 2025 Policy Address to Chief Executive John Lee, which includes taking the lead in establishing a "Belt and Road Crypto Asset Regulatory Alliance." This proposal aims to promote Hong Kong as a We hub and strengthen cooperation with countries and regions along the "Belt and Road" in the regulation of digital assets.

According to the recommendations, the alliance will jointly promote the development of We policy regulation with relevant countries and regions, holding an annual cryptocurrency asset regulatory summit in Hong Kong and designing We management standards that comply with international rules. By strengthening multilateral cooperation, Hong Kong is expected to play a greater role in the field of digital asset regulation.

In addition, Wu Jiezhang also suggested the establishment of the "Asset Tokenization Development Institute" to study relevant compliance regulations and promote the opportunities of asset tokenization in Hong Kong to attract more enterprises to come and develop. This will help Hong Kong gain an advantage in the token economy field.

Industry insiders believe that the above suggestions reflect Hong Kong's commitment to creating a favorable policy environment for the development of digital assets. By strengthening regulatory cooperation and talent cultivation, Hong Kong is expected to become a regional and even global digital asset center. However, how to balance regulation and innovation still requires further discussion by government departments.

3. The Bank of Ghana requires cryptocurrency companies to register mandatorily, strengthening industry regulation.

The Bank of Ghana recently issued a notice requiring all virtual asset service providers to complete registration by August 15, 2025. This is an important measure for Ghana to strengthen regulation in the cryptocurrency industry.

According to the notice, cryptocurrency companies that fail to register on time will face sanctions. The registration requirements apply to all companies engaged in virtual asset-related businesses in Ghana, including exchanges, custodians, payment service providers, and so on.

This move aims to enhance the integrity of the cryptocurrency industry and consumer protection. The Bank of Ghana stated that the registration system will help identify and monitor industry participants, preventing illegal activities such as money laundering and terrorist financing. At the same time, this will provide a basis for regulatory agencies to understand industry dynamics.

Cryptocurrency companies have reacted differently to this. Some companies welcome regulation, believing it will benefit the long-term healthy development of the industry. However, there are also companies that worry that excessive regulation will stifle innovation. Overall, the industry looks forward to regulatory guidelines that can balance innovation with risk control.

Analysts pointed out that the actions of the Bank of Ghana reflect the determination of African countries to strengthen cryptocurrency regulation. As crypto assets become more popular in Africa, establishing a comprehensive regulatory framework will help maintain financial stability and protect investor rights. However, how to formulate practical regulatory measures still requires further communication and coordination between government departments and the industry.