orion

According to Bitcoin.com, the Chilean cryptocurrency exchange Orionx announced the cessation of operations and the suspension of user withdrawals. A forensic audit revealed that over 7 million dollars in custodial assets were transferred to wallets outside the company's control, creating a funding gap.Orionx accused two founding partners, Joaquín Díaz and Roberto Zibert, along with other former employees, of being involved in the related transactions and has reported the matter to the Chilean National Prosecutor's Office. The related complaint alleges that the transactions occurred between 2018 and 2021.The Chilean Financial Market Commission (CMF) stated that Orionx was not authorized to provide cryptocurrency financial services, and its operations did not comply with the provisions of the Financial Technology Law. Orionx stated that it could not guarantee users the recovery of all funds.

HSBC has received approval from the Bank of England to operate in the UK's Digital Securities Sandbox (DSS), and its digital asset platform HSBC Orion will support the issuance, servicing, and settlement of digital securities. HSBC stated that HSBC Orion will operate as a digital securities custodian in the DSS and claimed to be the first company approved by the Bank of England to launch in this sandbox.The platform will support the issuance of native digital bonds, including the Digital Gilt Instrument (DIGIT) and corporate bonds planned for launch in the UK. HSBC stated that HSBC Orion has facilitated over $5 billion in digital bond issuances globally. The UK Treasury indicated that the first DIGIT transaction is expected to take place in the first quarter of 2027, and HSBC has signed a memorandum of understanding with the London Stock Exchange Group to develop connectivity capabilities to support investor participation in pilot issuances.

According to BBX data, the integration of traditional financial infrastructure and cryptocurrency settlement layers accelerated simultaneously in two distinctly different tracks yesterday, with the following core dynamics:PayPal Holdings, Inc. (NASDAQ: $PYPL) reported by CoinDesk today as the headline news, the world's largest independent payment technology company Stripe (privately held) has teamed up with private equity firm Advent International to propose an acquisition offer of approximately $53 billion to PayPal; PayPal is currently reluctant to engage actively, but the offer has sparked widespread discussion on Wall Street about the "largest payment merger in the world." Stripe acquired the stablecoin infrastructure company Bridge.xyz for $1.1 billion in 2024 (which has served cross-border stablecoin settlements for institutions such as Visa and Coinbase), while PayPal has its own stablecoin PYUSD (with a circulation size of about $700 million) and independent cryptocurrency trading capabilities, covering over 400 million active accounts. If the acquisition is completed, the combination of Stripe + PayPal will control the largest single payment network globally, while integrating Stripe's stablecoin settlement (Bridge.xyz) with PayPal's native stablecoin (PYUSD)------the combination will create the largest-scale "traditional payment + stablecoin" dual-track infrastructure to date, directly threatening Visa and Mastercard's positions in cross-border settlement scenarios and posing competitive pressure on Circle's USDC in retail payments.HSBC Holdings plc (NYSE: $HSBC) reported by CoinDesk today, the UK government plans to issue the world's first digital sovereign bond for G7 countries, with the issuance scheduled for early 2027; this bond will be issued and circulated on HSBC's blockchain bond platform Orion, operating within the Digital Securities Sandbox framework of the Bank of England (BoE) and the Financial Conduct Authority (FCA), aimed at testing the feasibility of reducing settlement time (transitioning from T+2 to T+0) and lowering back-office costs. HSBC Orion has completed multiple batches of tokenized gold, green bonds, and Hong Kong government bonds on-chain issuance from 2023 to 2025, and this UK sovereign bond is the first instance of G7 countries introducing blockchain settlement at the sovereign debt issuance level------this milestone will elevate the compliance of tokenized government bonds from "emerging market experiment" to "highest sovereign endorsement," signaling significant implications for institutional adoption of tokenized government bond products like BlackRock BUIDL and Securitize.

According to the official website of the Cardano Foundation, Cardano and the venture capital firm Draper Dragon announced the launch of the Orion Fund (Draper Dragon Ecosystem Fund), with a target size of $80 million, aimed at investing in Cardano native and integrated projects, focusing on Real-World Assets (RWA) and institutional-grade DeFi, to enhance Cardano's TVL and on-chain activity.The fund is managed by Draper Dragon, with the Cardano Foundation providing ecological and technical support as the constitutional manager, and part of the profits will be funneled back to the Cardano treasury through the non-ownership entity Arouet Holdings. Draper University will act as an acceleration partner to provide startup acceleration and talent development. The fund will prioritize projects that utilize the UTXO model to bridge Bitcoin liquidity and Cardano functionality, and will enhance transparency and community oversight through a public KPI dashboard and quarterly ecological roundtables.

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.

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)