The Daily Leo |Kucoin $10m airdrop | HSBC tokenized gold asset

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Bitcoin continues to lead the way in the cryptocurrency race.

But what about the The Tidal Shift in Crypto Investments

The bottom line is that the narrative of Bitcoin and its crypto counterparts is witnessing and indeed it is undergoing a seismic shift. This has been bolstered by public and institutional confidence not to mention the strategic maneuvers of financial behemoths such as Blackrock.

When Blackrock's Larry Fink, an undisputed leader in asset management broadcasts his bullish stance on Bitcoin, people sit up and take notice!

This he has done whilst describing it as the pinnacle of ETF performance.

The ripple effect of Bitcoin's ETF success story and Blackrock's endorsement extends far beyond just Bitcoin.

With more and more crypto ETFs on the horizon, the stage is set for an altcoin season ripe with potential.

As a community, we on HIVE have the opportunity to engage, debate, and envision the future of crypto investments together.

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What about exploring what you can only obtain if you are in Hong Kong.

Would the HSBC gold token make you rich?

Not being based in Hong Kong this token is new to me. What about you? Have you heard of this?

What is the tokenized Gold by HSBC?

• It is digitized gold that is accessible via both the HK mobile bank and via online banking of HSBC
• The minting of the gold token from HSBC is done on the Orion digital platform of the HSBC bank.

HSBC has launched its tokenized gold Hong Kong.

In doing this HSBC has become the first bank to successfully create a blockchain powered RWA. This RWA (Real World Asset) is available to its retail investors.

Gold is a prestige asset in terms of market cap. If gold can be tokenized then the same can be done for other real world assets. Similar to the Bitcoin ETF leading the way for more ETFs to appear, the creation of the gold token has set the precedent for other prized assets to become tokenized and onto the blockchain.

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We mentioned yesterday here at The Daily Leo how the SEC had lost a ruling about Coinbase Not being a broker.

Well today and every day it seems that the establishment going after crypto exchanges is in the news.

This week it is Kucoin being on the receiving end.


Kucoin co-founders Chun Gan and Ke Tang and the exchange were charged for breaking the Bank Secrecy Act.

Is is also stated that they were operating money transmission services through Kucoin exchange without proper legal and official backing from the US authorities.

According to the indictment

the crypto exchange has been sponsoring or assisting the movement of funds collected from illegal businesses.

Of course this did not go unnoticed and FUD ruled, realised in millions being withdrawn from Kucoin ...

Kucoin Exchange charged by the US - announces $10m Airdrop

To avoid a total crash it seems that rewarding loyal customers could be a masterstoke.

Announcing the airdrop, KuCoin CEO Johnny Lyu said on X

"I would like to express my gratitude to all KuCoin users for your support, trust, and companionship during the past few days and the past seven years. We will absolutely ensure the security of user assets as always and comply with regulations to fulfill our trust"

Are you a loyal KuCoin customer?

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