Ethereum layer 2 scaling solution Optimism ($OP) is riding the bull run after rallying 39% in just seven days. The bulk of those gains came in the last 24 hours, after the token surged 23% to trade at $2.18.

This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail. Ripple (XRP) XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5.

Immutable has announced a strategic partnership with Altura, a web3 infrastructure platform focused on the gaming industry.

Optimism (OP) is experiencing an interesting market rally amid the ongoing cryptocurrency bull run. According to CoinMarketCap data, the protocol's native token OP is changing hands at $2.19, representing a 21.57% rise in the last 24 hours.

Optimism (OP) has been gaining attention in the crypto market, with some analysts predicting a 60% rally if the token can break through a critical resistance level. Michaël van de Poppe, a well-known crypto analyst, has identified that once OP clears its $1.83 resistance, it could see a rapid price surge, potentially pushing the token toward higher price targets.

Crypto analyst predicts 60% rally for Optimism (OP) after breaking key resistance at $1.83.

A widely followed crypto analyst says that one Ethereum (ETH) layer-2 scaling solution appears to be a cusp of a rally that would see it print gains of over 200%.

Bitcoin (BTC) soared past $90,000, setting a new all-time high as the crypto market resumed its rally, with major cryptocurrencies surging. BTC surged to a new all-time high of $93,409 late on Wednesday, and the Bitcoin Dominance Index, which measures its share of the crypto market, reached 61%, a level not seen since 2021

BlackRock announced on Wednesday that it is expanding its tokenized liquidity fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to operate on multiple blockchain platforms.

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company's on-chain money market fund, across five new blockchains.

The tokenized money market fund will launch on nearly half a dozen new blockchain networks.

An important pattern is pointing to a potential 340% increase to $7.20 in OP's price.

Optimism forms an ascending triangle, signaling a potential rally to $7.20.

Bitcoin (BTC) catapulted to another all-time high, reaching $89,604 before declining marginally, as bulls set their eyes on $90,000 and $100,000. The euphoria over Trump's win shows no signs of waning, and BTC could hit $100,000 before the end of the year if the bull run continues at its current pace.

Immutable (IMX) showcases its impact in Web3 gaming as a Gold Sponsor at the GAM3 Awards 2024, with multiple nominations highlighting its technological advancements.

During the U.S. trading session on Monday, the crypto market winessed an accelerated momentum as Bitcoin price spiked to a new high of $85,000. Most major altcoins are following the same pace and preparing to challenge their respective highs.

Immutable has launched Pre-Approved Transactions, enabling seamless in-game blockchain interactions for over 400 games, eliminating the need for external wallet approvals and enhancing the immersive experience of Web3 gaming. The post Immutable Introduces In-Game Signing for Web3 Games appeared first on Cryptonews.

The feature is limited to game-issued assets, but Immutable plans to expand it to IMX, USDC and ETH.

Immutable (IMX) introduces Pre-Approved Transactions to enhance Web3 gaming by integrating blockchain approvals directly within games, eliminating disruptions and creating seamless experiences for players and developers.

Bitcoin (BTC) surged to a new all-time high following Donald Trump's resounding victory in the US presidential elections. BTC surged to $76,460 hours following Trump's victory, as the crypto market surged to new highs.

The cryptocurrency exchange Gemini, owned by the Winklevoss brothers, has just announced the listing of OP and the memecoins POPCAT and BONK.

Here is how some of your favorite assets concluded the week.

Optimism (OP) is making waves in the cryptocurrency space, particularly as a prominent layer 2 solution for Ethereum. This technology is designed to enhance transaction speeds and lower costs, addressing some of the main challenges that Ethereum has faced, such as high fees and congestion during peak times.

Former SEC official Marc Fagel has voiced concerns over the Securities and Exchange Commission's recent issuance of a Wells Notice to Immutable, an Ethereum-based Web3 gaming company. Immutable claims that the Wells Notice arrived with limited prior communication or explanation, marking a sharp departure from what is typically a more extensive investigative process.

Immutable, an Ethereum Web3 gaming firm, has received a Wells Notice from the United States Securities and Exchange Commission (SEC), according to a statement released on Friday. A Wells Notice is an indication that the SEC is considering filing a lawsuit against a company.

Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC).

The US Securities and Exchange Commission (SEC) has filed a Wells Notice to Immutable over its sales of IMX tokens. The SEC's contention is related to a 2021 blog post on the pre-launch investment made in the IMX tokens priced at $0.10 or a $10 pre-100:1 split.

After centralized exchanges, DeFi projects, and NFT projects, the agency is now looking to expand its net to crypto gaming.

TL;DR The IMX token from Immutable drops 12.88% following a possible SEC enforcement action over alleged unregistered securities sales. The firm received a Wells Notice warning of a potential lawsuit related to an IMX token sale in 2021.

Immutable's IMX token is down by 14% on the day, and has cooled by 68% since hitting its 2024 peak in March.

Blockchain gaming platform Immutable has received a Wells Notice from the United States Securities and Exchange Commission (SEC) shortly after the company's first meeting with the regulator.

Immutable (IMX) has seen a sharp 14% price decline over the past 24 hours following a Wells Notice issued by the SEC.

The SEC issued a Wells Notice to web3 gaming firm Immutable regarding its 2021 IMX token sales, prompting a 13% token price drop and strong pushback from the company, which joins a growing list of crypto firms challenging the regulator's enforcement approach.

Immutable received the Wells Notice without prior discussions and "contained limited meaningful detail about the nature of the investigation."

Immutable, a leading platform in the Web3 gaming space, recently received a Wells notice from the US Securities and Exchange Commission (SEC) indicating potential enforcement action. The notice, issued shortly after Immutable's first interaction with the SEC, hints at allegations of securities law violations concerning Immutable's IMX token, which launched in 2021.

A Wells notice signals that the SEC is thinking about bringing legal action against a company, often causing a major headache for those on the receiving end. For Immutable, this message from the SEC came out of the blue, just hours after their first-ever conversation with the agency.

Immutable (IMX) responds to the SEC's Wells notice, addressing allegations of securities law violations, while advocating for clearer crypto regulations to support digital ownership in gaming.

Immutable, a top Web3 gaming platform on Ethereum, recently revealed it received a Wells notice from the SEC, hinting at possible enforcement action. Surprisingly, this notice came right after their very first conversation with the SEC, suggesting a fast-track approach. With the U.S.

United States Securities and Exchange has targeted blockchain gaming platform Immutable potentially targeting its listing and private sales of the IMX token in 2021. According to a Nov.

Immutable (IMX) is the newest victim in the latest salvo from US regulators targeting cryptocurrency firms. The blockchain gaming platform revealed that it received a Wells notice from the US Securities and Exchange Commission (SEC).

Web3 gaming firm Immutable has been issued a Wells notice by the U.S. Securities and Exchange Commission, the company said in a statement on Friday.

Immutable is prepared to fight if the commission pursues legal action.

Immutable disclosed that the US SEC may take enforcement action against the firm as it received a Wells notice for potential securities violations. The post Immutable Hit with SEC Wells Notice for Alleged Securities Law Violations appeared first on Cryptonews.

Key Points:

Blockchain gaming platform Immutable says it received a Wells notice from the SEC over alleged securities law violations within "hours" of its first interaction with the regulator.

The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread agency crackdown on crypto companies ahead of the US election. Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC's “regulation-by-enforcement” policy targeting the crypto industry.

Immutable (IMX) was targeted by the US SEC in its latest attempt at direct lawsuits against crypto projects.

Immutable, the blockchain protocol designed for the next-generation of Web3 games said it has received a Wells Notice from the US Securities and Exchange Commission (SEC). The startup unveiled this in a recent update, a proof of the regulation by enforcement tactics of the markets regulator.