orion

The UK Treasury has selected HSBC Holdings Plc's blockchain platform Orion for a pilot issuance of the country's digital debt instrument DIGIT. HSBC stated that issuing bonds on the blockchain can improve the structure of the UK debt capital market by accelerating settlement speeds.The UK Treasury plans to issue these digital instruments in a regulated testing environment managed by the Financial Conduct Authority. Previously, HSBC's Orion platform has been used globally to issue over $3.5 billion in digital native bonds, including the European Investment Bank's first digital pound bond and a $1.3 billion equivalent green bond issued by the Hong Kong government.

According to Businesswire, the Bitcoin crypto treasury company Mogo, listed on the US stock market, announced it will be renamed Orion Digital, and is expected to begin trading under the new stock ticker ORIO on January 2, 2026. Currently, it holds approximately $24 million worth of Bitcoin.

According to Chainwire, Orion Compute, founded by early Bitcoin investor Nick Rose, has announced its entry into large-scale Bitcoin mining and artificial intelligence data center infrastructure construction, initially focusing on developing markets with abundant low-cost energy.Orion Compute stated that as global AI data center investments accelerate, North America and Western Europe are facing rising electricity costs, grid congestion, and power supply risks. The company plans to significantly reduce electricity costs and ensure continuous power supply by deploying computing infrastructure in energy-rich, underutilized areas. In the short term, Orion Compute will prioritize projects in West Texas, USA, and will expand to developing economies once regulatory and infrastructure conditions are mature.In terms of specific strategy, the company adopts a phased deployment model, initially using cost-effective AI hardware (such as Nvidia A100 GPUs) to lower capital expenditures and improve energy and operational systems; subsequently, it will upgrade to H100-level GPUs when conditions are favorable.At the same time, Orion Compute is building dual-purpose infrastructure that supports both AI computing and Bitcoin mining, and is introducing ultra-low-cost, flexible energy solutions through collaboration with Terra Solis.

ChainCatcher news, at the Silicon Valley 101 x RootData annual summit held in Silicon Valley, Orange DAO founding general partner Orion Parrott delivered a keynote speech titled "AI + Blockchain Entrepreneurship Guide," providing entrepreneurs with a clear action plan.Orion Parrott pointed out that we are at a historic turning point where blockchain and AI technologies intersect, offering unprecedented opportunities for entrepreneurs. Regarding how to choose a technology path, he proposed a three-dimensional evaluation framework: technical fit (blockchain capabilities, AI tools, and ecosystem composability), community culture (values and developer support), and governance and sustainability (upgrade paths and real user participation).In terms of building strategies, he emphasized three key infrastructure trends: stablecoins as programmable money connecting the traditional and crypto worlds, improvements in wallet user experience becoming crucial for mainstream adoption, and rapidly evolving foundational models empowering on-chain automation and intelligent decision-making. He specifically noted that tokenization is the core path for migrating traditional systems to distributed platforms.Finally, Parrott outlined a methodology for early-stage entrepreneurs: look for broken, inefficient systems in reality as entry points, and use "achieving more functionality with less code" as the golden standard for measuring platform fit.

ChainCatcher news, Orange DAO partner Orion Parrott has confirmed attendance at the annual summit hosted by Silicon Valley 101 x RootData on October 5 (GMT-7). Orange DAO is a DAO composed of founders of crypto companies supported by YC, which backs Web3 startups through a related venture fund called Orange Fund.It is reported that the summit will feature two major forums: "Valley 101 Alignment 2025 Tech Summit" and "DeInsight 2025." Blockchain media ChainCatcher, the proxy crypto browser Donut, and the AI+Web3 investment accelerator AI101Labs will jointly host the "DeInsight 2025" forum.This summit aims to deeply explore the integration and innovation of the two cutting-edge technologies, AI and Crypto, gathering top professionals from the global crypto asset and artificial intelligence fields, providing participants with valuable opportunities to connect with international cutting-edge resources and integrate into the global innovation ecosystem.

ChainCatcher news, Tether announces investment in Orionx. Orionx is one of Chile's leading digital asset trading platforms and a financial infrastructure company focused on cross-border payments.This investment highlights Tether's ongoing commitment to promoting financial inclusion and strengthening the resilience of digital payment channels in emerging markets.

ChainCatcher news, Bank of Communications Hong Kong Branch recently issued an unsecured floating-rate digital bond worth 300 million USD, with a maturity of three years. This is the first digital native bond from a Chinese bank, issued using HSBC's Orion digital asset platform and cleared through the Central Moneymarkets Unit (CMU) in Hong Kong.Moody's has assigned a preliminary A2 rating to the bond, believing that the risks associated with blockchain have been effectively mitigated, as the Orion platform uses a private permissioned blockchain and cash transactions are settled off-chain, avoiding the impact of platform failures on payments.

ChainCatcher news, Zhuhai Huafa Group has issued 1.4 billion yuan digital bonds in Hong Kong through the HSBC Orion digital asset platform. This is the first Chinese digital bond issued in Hong Kong, with an interest rate of 4.5% and a term of three years.The bond is listed on the Hong Kong Stock Exchange and the Macau MOX, and provides access to international investors through the HKEX southbound trading and Euroclear/Clearstream. This issuance aims to promote the internationalization of the renminbi and develop the offshore renminbi market. HSBC serves multiple roles, including global co-coordinator and digital platform provider.

ChainCatcher news, according to Financialit, cryptocurrency exchange Crypto.com has acquired the brokerage firm Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM), to accelerate its financial product expansion plans. Orion is authorized by ADGM to provide a variety of investment and ancillary services, including securities, options, futures, and contracts for difference.

ChainCatcher news, according to Caixin, on the eve of the two-year anniversary of ChatGPT's launch, there are reports that OpenAI plans to release its next-generation flagship model Orion.Unlike the two models 4o and o1 released by OpenAI this year, Orion will not be widely released through ChatGPT; instead, access will be granted first to companies with close partnerships, allowing them to build their own products and features.Subsequently, OpenAI CEO Sam Altman publicly refuted the claim, calling it an out-of-control rumor.

ChainCatcher news, according to the official announcement, Binance will support the mainnet swap of Orion (ORN) and the brand upgrade to Lumia (LUMIA).Binance will stop trading and delist all existing ORN spot trading pairs (ORN/BTC and ORN/USDT) on October 15, 2024, at 11:00 (UTC+8), and will automatically cancel all open orders. The LUMIA/USDT spot trading will be opened on October 18, 2024, at 17:00 (UTC+8).

According to ChainCatcher news, Meta officially announced the release of the latest Meta "Orion AR" smart glasses on September 26, sparking a new wave of interest in smart glasses. At the same time, the Web3 AI smart glasses V3X, with their unique Web3 features and advanced AI technology, are comparable to Meta "Orion AR" and have also garnered significant attention.It is understood that the Web3 AI smart glasses V3X not only possess AR technology, providing users with an immersive entertainment experience, but also integrate AI technology and Web3 elements, achieving functions such as intelligent recognition, smart investment, one-stop smart trading, and Web3 application interaction. V3X also represents a new trendsetter in this field.

ChainCatcher news, according to the official announcement, the liquidity aggregation gateway Orion has announced a strategic investment from DWF Labs, which has agreed to lock its ORN tokens for 12 months.In addition, Orion announced that the brand will transition to Lumia, shifting towards DeFi infrastructure. In the next 30 days, Orion will announce a series of partnerships and integrations aimed at enhancing the utility, adoption, and value of the ORN token.

ChainCatcher news, according to CoinDesk, Bitfinex has invested in the Chilean cryptocurrency exchange OrionX, aiming to establish a presence in the Latin American market. The amount of the investment has not been disclosed. OrionX was founded in 2017 and provides cryptocurrency trading and wallet services in Chile, with plans to expand to Peru, Colombia, and Mexico. (Source link)

ChainCatcher news, this morning the contracts on the ETH and BSC chains of the Orion Protocol project were attacked, with the attacker profiting approximately $3.027 million. The analysis of the attack process and reasons by the SlowMist security team is as follows:The attacker first called the depositAsset function of the ExchangeWithAtomic contract to make a deposit, putting in 0.5 USDC tokens in preparation for the attack below;The attacker borrowed 2.8447 million USDT tokens through a flash loan, then called the doSwapThroughOrionPool function of the ExchangeWithAtomic contract to exchange tokens, with the exchange path being [USDC -> ATK (a malicious token created by the attacker) -> USDT];The result of the exchange is calculated by subtracting the USDT token balance in the ExchangeWithAtomic contract before the exchange (2.8447 million) from the balance after the exchange. However, the problem arises when exchanging USDC -> ATK, which calls the transfer function of the ATK token. This function, maliciously constructed by the attacker, will call the depositAsset function of the ExchangeWithAtomic contract to deposit the borrowed 2.844 million USDT tokens into the ExchangeWithAtomic contract. At this point, the deposit in the ExchangeWithAtomic contract is successfully recorded as 2.8447 million, and the USDT token balance in the ExchangeWithAtomic contract becomes 5.689 million, causing the amount of USDT tokens exchanged by the attacker to be calculated as 5.689 million minus 2.8447 million, which equals 2.8447 million;After the exchange, the USDT tokens will finally update the ledger of the attack contract in the ExchangeWithAtomic contract by calling the library function creditUserAssets, resulting in the attack contract's USDT token deposit in the ExchangeWithAtomic contract being recorded as 5.689 million;Finally, the attacker calls the withdraw function in the ExchangeWithAtomic contract to withdraw USDT, repaying the flash loan and converting the remaining 2.836 million USDT tokens into WETH for profit. The attacker used the same method to launch an attack on the BSC chain, profiting $191,000;The fundamental reason for this attack lies in the lack of reentrancy protection in the contract's exchange function, and the value of the ledger deposit being updated after the exchange is calculated based on the difference in token balances before and after the exchange, allowing the attacker to exploit the fake tokens to reenter the deposit function and obtain more tokens than expected.

ChainCatcher news reports that the liquidity aggregation protocol Orion Protocol has been hacked, resulting in a loss of approximately $3 million, according to monitoring by MistTrack. The funds were converted to ETH through multiple exchanges and cross-chain bridges. As of now, 1,100 ETH has been sent to Tornado Cash, with over 657 ETH (about $1.1 million) still remaining in the hacker's address.In response, Orion Protocol CEO Alexey Koloskov stated that all users' funds are safe, including those in staking, Orion Pool, bridges, and liquidity providers. This issue is not due to a flaw in the core protocol code, but may be caused by vulnerabilities in the smart contracts used by experimental and private brokers that mix third-party libraries.Alexey Koloskov also assured users, "No users have suffered any losses in this incident; the assets at risk are located in internal broker accounts operated by the Orion team to facilitate decentralized access to centralized liquidity. Orion Protocol is continuously investigating the attack activity, and the deposit function will not be reopened until the vulnerabilities are fixed and audited. Users can currently withdraw funds from the Orion Exchange contract." (source link)

ChainCatcher news, HSBC announced plans to launch a DLT-based bond tokenization platform called HSBC Orion. The European Investment Bank (EIB) may use it under Luxembourg law to issue pound tokenized bonds. This solution enables the tokenization of digital bonds and currencies for settlement, facilitating atomic settlement or delivery versus payment (DvP). (source link)

ChainCatcher News, cryptocurrency custody company BitGo has announced the launch of a wealth management platform that will allow registered investment advisors (RIA) and broker-dealers to access digital assets with the highest compliance and security directly and easily.It is reported that the wealth management platform integrates with traditional portfolio management systems such as Orion, InvestCloud, and Black Diamond, allowing users to customize layouts, add custom indices, rebalance portfolios, and automate reporting to ensure the smooth integration of digital assets into any portfolio. (Source link)