Lumia is the new face of the Orion Protocol (ORN), rebranded with a focus on improving liquidity across different trading platforms. The project now aims to become a "hyper-liquid" Layer 2 solution, simplifying access to trading opportunities by aggregating liquidity from both centralized (CEX) and decentralized exchanges (DEX). This rebranding brings a fresh approach to ensure faster and smoother transactions for traders.

What Does This Mean for Traders?

1. Rebranded from ORN: If you were familiar with ORN, Lumia is the next step in the project’s evolution, retaining the strengths of Orion while expanding with new features focused on liquidity management.

2. Improved Liquidity for Better Trading: Lumia connects multiple exchanges, ensuring there are always enough buyers and sellers. This helps traders avoid slippage (unexpected price changes) and trade more efficiently.

3. Lower Fees and Faster Transactions: Built as a Layer 2 blockchain, Lumia aims to reduce transaction costs and speed up trade execution compared to traditional blockchains.

4. Earn Rewards: The LUMIA token offers earning opportunities through staking, liquidity provision, and participation in governance (voting on key decisions).

5. Community-Focused Growth: With none of the new tokens allocated to the team, all rewards are directed to community members through incentives like airdrops, staking rewards, and grants

The planned listing of LUMIA on Binance makes it an exciting opportunity for traders, particularly those who were previously involved with ORN. As Binance listing often boosts visibility and liquidity, early adopters might find this a good time to explore Lumia’s offerings.

Bitcoin's price is currently moving upward and has recently crossed $67,000. Analysts believe it could soon reach $70,000 due to several factors. One major reason is the increasing demand for Bitcoin, especially through Bitcoin Exchange-Traded Funds (ETFs). These funds allow investors to buy Bitcoin indirectly, and they’ve been attracting large investments. Additionally, wealthy investors known as "whales" are also buying and holding more Bitcoin, which helps push the price higher.

Experts predict that in October 2024, Bitcoin’s value might range between $65,000 and $72,000. This means it could fluctuate but still stay within a relatively high range. Many are optimistic about the price continuing to rise because of the Bitcoin halving that took place earlier this year. This halving event reduces the number of new Bitcoins entering circulation, which often leads to higher prices over time.

Looking beyond this month, analysts expect Bitcoin to perform well, especially towards the end of 2024. Some forecasts suggest that if the current trend continues, the price could reach new record highs. However, since the cryptocurrency market is highly unpredictable, there’s always a chance of sudden changes. Investors are advised to stay cautious and make well-informed decisions.
#BTC☀ $BTC

Binance has introduced a new feature called BNSOL to make it easier for users to earn rewards by staking Solana (SOL) tokens. Normally, when you stake crypto, your tokens are locked and can't be used until you withdraw them. But with BNSOL, things are different.

When you stake your SOL through Binance, you receive BNSOL in return. This token acts like a “receipt” and lets you continue earning rewards while keeping the flexibility to trade, lend, or use your staked tokens. If you decide to cash out, you can either wait for the normal withdrawal process or redeem BNSOL instantly at market value.

This system provides a smooth way for people to earn with their crypto while still having the freedom to move their assets when needed. Binance’s goal is to encourage more people to use Solana’s network by making staking easier and more flexible.

DMM Bitcoin has reassured its clientele that their Bitcoin deposits are under full guarantee, with the support of its affiliated companies. The price of BTC has experienced a 2% drop, reaching $67,500.

Today, DMM Bitcoin, a Japanese cryptocurrency exchange, disclosed a loss exceeding $300 million in Bitcoin due to what it termed "an unauthorized breach" from its digital wallet. This development occurs amidst ongoing efforts by Mt. Gox, another defunct Japanese exchange, to devise repayment strategies.

Details regarding the breach remain undisclosed by DMM Bitcoin. Nonetheless, Chainalysis, a global cryptocurrency analysis firm, has identified it as one of the most substantial breaches in the crypto sphere to date.

In a social media update, Chainalysis declared, "The recent breach at DMM Bitcoin, involving $305 million worth of Bitcoin, ranks as the largest breach since December 2022 and the 7th largest in crypto history." The firm has labeled the funds associated with the incident as "stolen."

The company has affirmed that all Bitcoin (BTC) deposits from its customers are fully secured, with support from its group entities. Subsequent to the breach, Japan's Financial Services Agency has directed the company to investigate the root cause of the breach and implement measures to protect customers from potential losses. Concurrently, law enforcement agencies have launched an inquiry into the matter, as reported by the business daily Nikkei.

Despite its reputation as one of the most crypto-friendly nations, Japan has encountered a series of hacks, notably the Mt. Gox exchange's bankruptcy in 2014 following a theft of over $470 million. In 2018, another Japanese exchange, Coincheck, suffered a similar fate, losing more than $500 million.