Cosmostation Wallet Ceases Operations in the Cosmos (ATOM) Ecosystem
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Cosmostation Wallet has announced its cessation of operations, effective September 1st. Users will only be able to export recovery phrases and private keys, while all other functionalities will be disabled. Users must migrate to a new wallet compatible with Cosmos, such as Keplr. The closure is attributed to a challenging business model during a bear market, where fees generated from swap and staking services have significantly decreased. The ATOM token has not reached a new all-time high since September 19, 2021, and is currently trading at $1.45, down 96.7%. Companies are struggling to survive in a complicated economic environment.
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