Immutable X Activates Protocol Fees This Week

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Today’s Cryptocurrency Headline

Immutable X, the NFT Layer2 protocol, announced that it will activate its protocol fee this week in preparation for the upcoming IMX staking to be released in June. The protocol fee will be set at a flat 1% for June, before returning to its regular 2%. Part of this fee is allocated to Immutable, and part to the $IMX staking rewards pool.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw inflows totalling US$87m last week, pushing year-to-date inflows just past the half a billion mark to US$0.52bn. Bitcoin is up 7.72% over the last 24 hours and rose to an intraday high of $32,222.00. The largest cryptocurrency reclaimed the $30,000 and closed above price above the 20-day exponential moving average (EMA) ($30,668) today, and the relative strength index (RSI) has risen above 50 nurture level, suggesting that bulls are attempting a comeback.

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