Author: Bpay News

StandX has introduced a Liquidity Provider Incentive Program, featuring a monthly reward pool of 5 million StandX tokens. This initiative aims to enhance liquidity on the decentralized perpetual contract trading platform. By incentivizing liquidity providers, StandX seeks to attract more participants and improve trading conditions. The program is designed to support the platform’s growth and ensure a robust trading environment for users. Participants can benefit from the rewards while contributing to the overall liquidity of the platform.

Owen Gunden, known as a ten thousand coin whale, has transferred 395.8 Bitcoin to Kraken once again. This transaction highlights the ongoing activities of significant cryptocurrency holders. Gunden’s movements in the market often attract attention due to the substantial amounts involved. The transfer to Kraken, a major cryptocurrency exchange, suggests potential trading or liquidity strategies. Whale transactions like this can impact market dynamics, as large movements of Bitcoin can signal shifts in investor sentiment or market behavior.

Binance will perform wallet maintenance on the Solana network on October 30 at 15:00. During this period, users may experience disruptions in wallet services. The maintenance is part of Binance’s ongoing efforts to ensure the security and efficiency of its platform. Users are advised to plan accordingly and be aware of potential service interruptions. Further updates will be provided as necessary.

AI safeguards Anthropic has improved the safety and reliability of its AI model, Claude, by implementing robust safeguards designed to ensure beneficial outcomes. These enhancements aim to prevent misuse and mitigate harmful impacts associated with AI technology. The company focuses on creating a framework that balances innovation with responsibility, addressing concerns about the potential risks of advanced AI systems. By strengthening Claude’s safeguards, Anthropic seeks to foster trust among users and stakeholders while promoting the responsible use of artificial intelligence. The ongoing development of AI models like Claude reflects a commitment to prioritizing safety in the rapidly evolving landscape of…

Bitget has introduced the U-based KITE Perpetual Contract, offering users leverage options ranging from 1x to 25x. This launch reflects Bitget’s ongoing commitment to expanding its product offerings in the cryptocurrency trading market. The KITE Perpetual Contract is designed to provide traders with enhanced flexibility in their trading strategies. Users can now access a wider range of leverage, accommodating both conservative and aggressive trading approaches. This new product aims to meet the diverse needs of traders on the platform.

The MegaETH public sale has successfully raised more than $1 billion, demonstrating a significant demand with a 20 times oversubscription. This level of oversubscription indicates strong interest from investors in the MegaETH project. The raised funds reflect the confidence in the project’s potential and its appeal within the market. As the sale continues to attract attention, the implications for the project’s future development and growth are noteworthy. The response from the investor community suggests a robust outlook for the MegaETH initiative.

The Bank of Japan has decided to maintain its current interest rate, aligning with what the market had anticipated. This decision reflects the central bank’s ongoing strategy amid various economic factors. By keeping the rate unchanged, the Bank aims to support economic stability and growth. Analysts had predicted this move, considering the broader economic landscape and inflation trends. The central bank’s stance indicates a cautious approach to monetary policy as it navigates potential challenges ahead.

zkPass has introduced its ZKP Tokenomics, detailing a total supply of 1 billion tokens. Of this total, 48.5% is designated for community allocation. The structure of the tokenomics aims to foster engagement and participation among the community members. By allocating a significant portion of the tokens to the community, zkPass is looking to ensure that users have a stake in the ecosystem. The release of these tokenomics is a strategic move to enhance transparency and build trust within the zkPass community. This initiative reflects a growing trend in the blockchain space, where projects prioritize community involvement through token distribution.

Managing Director for International Chris Ciauri has been appointed as the Managing Director of International at Anthropic, a move aimed at strengthening the company’s global leadership. This appointment comes as demand for AI solutions, such as Claude, continues to rise across various regions. Ciauri’s role will focus on expanding Anthropic’s reach and enhancing its presence in international markets. The company is positioning itself to better serve the growing needs for advanced AI technologies worldwide. With this strategic addition to its leadership team, Anthropic aims to capitalize on the increasing interest in AI applications across different sectors.

The Novastro token XNL has seen a significant decline, dropping 70% from its initial public sale price. This downturn reflects broader market trends, as several recently launched projects are also trading below their issuance price. The performance of XNL raises concerns among investors regarding market viability and the potential for recovery. As the cryptocurrency market fluctuates, the challenges faced by new tokens like XNL may influence investor sentiment and decision-making.