Layer 2 network Immutable (IMX) will migrate to an OP Stack-based chain next year. Aiming to improve transaction speed and strengthen linkage with Ethereum security, accounts, balances, and smart contracts will be automatically transferred.

Immutable (IMX) has fallen to $0.1067 in Binance's spot market, with futures contracts seeing a 12.8% drop in 24 hours. This occurred around the same time as Binance's hot wallet hack, but a direct connection is difficult to confirm.

Crypto markets saw broad declines on Oct 8, led by the RWA sector. Major cryptocurrencies like BTC and ETH experienced drops, alongside various sector-specific tokens such as SKY, ONDO, CRO, MORPHO, IMX, TEL, and CASHCAT. NEAR Protocol was a notable exception, showing gains.