Yes dude. I agree with that. Allowing users to buy and sell crypto in Hong Kong, China can potentially capitalize on the US crackdown on cryptocurrency and attract major companies to move their operations to Hong Kong. This could indeed make Hong Kong a global hub for cryptocurrency businesses and give China significant influence over the market.

And China support for blockchain technology and NFTs is a positive sign, it remains to be seen how their approach to cryptocurrency regulation will evolve. I believe that China has the potential to become a leader in the cryptospace due to its support for blockchain technology, NFT trading platforms, and the strategic use of Hong Kong as a hub for cryptocurrency businesses.

If Elon Musk's tweets and announcements did have a significant impact on the cryptocurrency market, as seen with the recent increase in the value of the Shiba Inu and the creation of the Floki token. Then, it may not be a deliberate attempt to manipulate the market, the impact of his statement is undeniable. For an eco-friendly project, it's hard to say at this point. For Chia's case, the environmental impact was not as positive as expected. In there are other green projects on the market, such as Crypton, which only require internet access and a PC to mine. It remains to be seen whether the excitement around Floki and similar projects will translate into sustainable long-term growth or if it's just a temporary hype, as was the case with Chia.

In this case of like a brand-new project with a strong use case, it might be worth taking a risk and investing despite its low circulating supply. A solid use case can drive demand for the project, potentially leading to an increase in value over time. My personally opinion, considering the circulating supply can be useful, it should not be the only factor in making an investment decision. The usefulness of the development for the community and the project's overall potential should be the primary focus. A project with a strong use case and a positive impact on the community is more likely to succeed in the long run, regardless of its circulating supply.

Exchange tokens like Binance's BNB and FTX's FTT offer utility to users of their platforms, such as reduced trading fees and access to exclusive features. This can be beneficial for users who frequently trade on these platforms. That means is true that exchange tokens are centralized and can be manipulated by their developers, which poses risks to investors. The proliferation of exchange tokens could contribute to market volatility and FUD, as seen with the Terra Luna and FTX case study. While Bitcoin is decentralized and immune to these issues, the overall crypto market can be affected by the actions of centralized entities.