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Tokenize Xchange will meet you right here with the week’s most important crypto news. Crypto moves fast, but we’ll help you stay on top of the latest trends and explain why they matter. Also, don’t miss any updates regarding our latest features, events, and community activities.
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Tokenize Xchange will support Kaia (KLAY) Rebranding to Kaia (KAIA)
Tokenize Xchange will support the rebranding of Kaia (KLAY) to Kaia (KAIA). Details of the timeline are HERE
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🗞 Crypto News Recap: The Top 3 Stories
1/ Microsoft Eyes Bitcoin Investment Amid Growing Corporate Interest in Digital Assets
In a significant move that underscores the expanding role of digital assets in corporate finance, Microsoft—the tech giant with a market capitalization exceeding $3 trillion—is reportedly exploring an investment in Bitcoin.
2/ dYdX Trading Lays Off 35% of Employees Amid Market Challenges
In a significant development within the decentralized finance (DeFi) space, dYdX Trading, the company behind the popular dYdX decentralized exchange, has announced a layoff affecting 35% of its workforce. This round of job cuts includes several core team members, highlighting the ongoing challenges faced by crypto and DeFi companies amid volatile market conditions and regulatory pressures.
3/ Bitcoin Inches Away from All-Time High as Altcoins See Strong Gains
Bitcoin (BTC) has surged in the past 24 hours, nearing its all-time high of $73,740 set in March. The price movement has sparked excitement across the cryptocurrency market, with altcoins gaining momentum. Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), and Cardano (ADA) have all posted impressive gains, highlighting the renewed bullish sentiment among investors.
📚 Technical Analysis
A comprehensive analysis considers factors such as trading volume, market sentiment, and support and resistance levels to thoroughly understand market conditions.
Weekly Bitcoin (BTC) Technical Analysis (Oct 28th ~ Nov 3rd, 2024)
Weekly Ethereum (ETH) Technical Analysis (Oct 28th ~ Nov 3rd, 2024)
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