#加密货币监管 The growth signals in Hong Kong's virtual asset market are worth paying attention to. The Q3 spot ETF size increased by 33%, and tokenized product assets surged by 557%. What does this indicate? It shows that investment demand under compliant channels is exploding, and the market is becoming more formalized.

But there's an overlooked opportunity—regulation is upgrading, and risk warnings are also being enhanced. This means the era of wild growth is over, and upcoming airdrop projects will place greater emphasis on compliance and user quality. Projects that only require interaction to earn rewards will become fewer, replaced by those that require genuine participation and high-quality interactions.

For us "撸毛党" (profit-seeking enthusiasts), the strategy needs adjustment: First, focus on new projects backed by legitimate institutions and institutional support, as their tokens are more secure; second, keep interaction costs minimal but ensure high quality—no more stacking accounts to farm; third, study the tokenized products themselves, as some innovative airdrop mechanisms might have more potential than traditional projects.

As the market becomes regulated, opportunities become clearer.