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.

Blockchain gaming platform Immutable says the U.S. SEC has signaled that it may bring an enforcement action against it.

Like OpenSea, Uniswap, and other crypto firms, Immutable says it is the target of SEC scrutiny—describing the notice as an "overreach."

Immutable (IMX) is transforming Asia's gaming market by leveraging blockchain technology, partnering with leading studios, and spearheading Web3 gaming innovations.

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

MetalCore is making a move from the Immutable zkEVM chain to Solana.

Despite the lackluster performance of many cryptos this week, a few altcoins crypto whales bought and increased their exposure.

Immutable (IMX) integrates Blockaid's security into Immutable Passport, offering seamless protection for over 380 games and 3 million players in the Web3 gaming ecosystem.

TOKEN2049 in Singapore highlighted Immutable (IMX)'s leadership in Web3 gaming, showcasing new business models and blockchain innovations, with a focus on mainstream adoption and global growth.

Immutable X token is on track for its first weekly loss in four weeks despite strong performance of its ecosystem. Immutable X (IMX) retreated to $1.4655 on Oct. 4, its lowest level since Sep. 9, and 22.

Immutable (IMX) price, a layer-two scaling solution for Ethereum, has shown a bullish trend over the past month, gaining 31%. Despite this increase, the price of IMX is now showing signs of volatility due to a recent market correction.

In the world of cryptocurrency, every new innovation has the potential to disrupt the market—and that's precisely what's happening with Mpeppe (MPEPE), a cutting-edge AI-powered gambling cryptocurrency that has captured the attention of major Immutable X (IMX) investors.

The Ethereum gaming platform Immutable is facing criticism for allegedly mishandling a security breach involving phishing links on its Discord server.

Immutable (IMX) teams up with GRAMPUS CWC to bring innovative Web3 games to the Immutable zkEVM platform, advancing digital ownership in gaming.

Immutable (IMX) and MARBLEX announce a strategic partnership, aiming to revolutionize Web3 gaming, as discussed at Korea Blockchain Week.

Amid regulatory changes, innovation pivots, and strategic company rebrandings, the rapid advancement of blockchain technology has created a wave of adaption globally. As it does so, media companies have been increasingly turning to this technology to address challenges in the media industry.

Over the past 24 hours, IMX has jumped an impressive 12.14%, reaching a price of $1.81. This upswing has stirred speculation about whether the token can break through a key resistance level of $2.

In the last seven days, several altcoins have surged impressively, each recording notable gains not seen in a long while. This remarkable uptrend highlights a shift in market sentiment and the potential for lucrative opportunities from the cryptocurrencies listed in the top 100.

IMX's breakout potential builds as key indicators suggest sustained growth and positive sentiment.

Cryptocurrency prices were mostly flat on Sep. 23 as traders embraced a wait-and-see approach after last week's Federal Reserve decision.

Solana (SOL), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA) are five coins that risk suffering a price crash ahead of major token unlocks. This event typically provides a bearish outlook for coins since it could lead to massive selling pressure, with investors offloading their holdings on the market.

ImmutableX (IMX), a layer-2 solution designed to enhance the functionality of Ethereum, particularly in the realm of non-fungible tokens (NFTs). Currently priced at around $1.55, many are curious if IMX can reach $2.41 by the end of 2024.

The crypto markets have become hopeful as the trade entered the second fortnight of the month, squashing the bearish possibilities. With this, the altcoin market cap, excluding BTC & ETH, made a giant move above $600 billion, breaking a crucial barrier.

Story Highlights The live price of the IMX token is The ImmutableX price could hit $2.41 in 2024. With a potential surge, the IMX price could reach $9.77 by 2030. A plethora of virtual currencies and protocols can be found in the ever-changing crypto space.

The recent interest rate cuts by the Federal Reserve have triggered a surge in whale activity for key altcoins like Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT), according to Santiment, a leading market intelligence platform.

After finishing as the second top market gainer recently, momentum is building for an IMX rally.

With the BTC price sustaining above the $60K mark, the bull run in the altcoin segment is heating up. As the speculations of a bull run in Bitcoin to the $100K sparks up with Presidential elections and rate cuts, the gaming, AI, and meme cryptos are racing fast.

Cryptocurrency prices were mixed as traders focused on the upcoming Federal Reserve meeting, with the crypto fear and greed index remaining in the fear zone.

Pool Masters, from the creators of 8 Ball Pool, joins Immutable (IMX)'s Main Quest, bringing web3 rewards and player ownership to mobile pool gaming.

Immutable X token is stuck in a deep bear market ahead of a big token unlock and as the outlook for non-fungible tokens darkens. Immutable X (IMX) retreated to $1.958 on Sep.

Here are the top 3 token unlocks happening this week that could significantly impact the market

Several unlocks are coming in September, with a mixed bag of tokens dedicated to the community or to project development. Unlocks are still seen as a mostly bearish sign due to supply pressures.

Immutable, a leading player in the blockchain and crypto space, has shown exceptional resilience. Despite a recent market-wide downturn, which saw Bitcoin (BTC) prices plunge from $64.2k to $58.2k, IMX managed to rebound strongly.

The Immutable price has dropped by 2% in the past 24 hours, falling to $1.45 as the crypto market suffers a comparable 1.5% loss today.

Despite the higher timeframe bullish bias, speculators in the lower timeframes were not so keen, as evidenced by a negative funding rate.

Amid rising price volatility in the cryptocurrency market, top tokens have displayed increased buying and selling pressure over the past few days. Moreover, the largest altcoin, Ethereum price has successfully reclaimed the $2.5K level. Following this, mid-cap altcoins have recorded a similar price action. This has resulted in many tokens recording a double-digit gain.

Immutable X is the first layer-two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading, all without compromising user or asset security. Immutable zkEVM is the first of its kind - a chain for games that offers EVM compatibility, low cost, massive scale, and Ethereum security.

Learn how to bridge tokens across different chains using the Immutable (IMX) Toolkit, now integrated with Squid for enhanced functionality.

Immutable (IMX) Passport surpasses 2 million signups, setting a new standard for web3 gaming wallets by addressing the unique needs of gamers and developers.

Another spike in Bitcoin to $61K for the seventh time since August 8th means the altcoin market is heading to the $1 trillion mark. As the bullish momentum increases, interest in DeFi, AI, and Gaming tokens increases. With the bullish resurgence showing potential to hit 2021 levels. Here are the top Gaming tokens to buy.

Discover the transformation of gaming through Web3 as Immutable (IMX) Ambassadors share their journeys and insights, highlighting the benefits of true asset ownership.

The crypto market traded in the green today as Bitcoin's steady above $60.5K triggered bullishness in the altcoin space. While the top ten digital tokens by market capitalization gained up to 3% on their daily charts, magnified investor sentiment propelled Immutable (IMX) surges by 10% over the past 24 hours.

Amid ongoing market volatility, the altcoin leader, Ethereum's price has reclaimed the $2,650 level with a jump of 2.11% in the past day. Following this, ETH-based altcoins have gained significant attention from the market. This has resulted in them breaking out of their important resistance levels.

As major cryptocurrency prices consolidate ahead of Friday's key speech from Fed Chair Jerome Powell, traders are turning to top crypto performers today in the altcoin market as they hunt for upside volatility.