Cosmostation Wallet, a cryptocurrency wallet operating on the Cosmos ecosystem, announced on Friday that it will cease operations on September 1. Users will need to export their recovery phrases and private keys before that date and migrate to another compatible wallet such as Keplr. This shutdown is explained by the difficult economic environment: during a bear market, activity on swap and staking services collapses, depriving wallets of their main revenue streams through commissions. The ATOM token itself has not reached a new all-time high since September 19, 2021 and currently trades around $1.45, down 96.7% from its record.
Source: Read the original article
