Cosmos news

Cosmos Labs has acquired Mintscan, a Cosmos block explorer, and formed a South Korean subsidiary, Cosmos Labs Korea, to bolster ecosystem infrastructure. The deal, initiated last October, brings Mintscan under the same umbrella as Skip:Go, IBC Eureka, and Cosmos Hub development, expanding engineering capacity and establishing a direct presence in the Asia-Pacific region. Co-CEO Barry Plunkett declined to disclose financial details but noted that selected Mintscan employees will join Cosmos Labs, while other Stamper units remain unaffected. The acquisition aims to advance enterprise adoption of the Cosmos stack, including tokenized deposits and real-world assets, while accelerating the Cosmos Hub product roadmap. The goal is to offer a 'connect once, access everything' model for public and private blockchains.

Gravity Bridge, a decentralized cross-chain bridge between Ethereum and Cosmos, was exploited for approximately $5.4 million, prompting validators to halt operations. Onchain analyst Specter flagged unusual outflows, suggesting the bridge contract key was compromised. Security firm PeckShield confirmed the theft, reporting stolen assets including $4.3 million USDC, 274 WETH, $434,000 USDT, and 14.164 PAXG, with some funds already laundered through ChangeNow and Binance. The Gravity Bridge team acknowledged the incident on X, advising validators to halt their operations. The bridge uses its full validator set for security, unlike centralized alternatives. Its native token GRAV dropped 4% following the news. This exploit adds to a series of bridge attacks, with JPMorgan analysts previously flagging bridge security as a barrier to institutional DeFi adoption.

Gravity Bridge, a cross-chain protocol linking Ethereum and Cosmos, was drained of approximately $5.4 million early Saturday in what security researchers suspect was a compromise of signing keys rather than a smart contract bug. The attacker executed unauthorized withdrawals, stealing around $4.3 million in USDC, 274 wrapped ether (~$553,000), $434,000 in tether, and 14.16 PAXG tokens ($64,000). The team halted the bridge and advised validators to stop operations while investigating. The stolen funds were partially laundered through ChangeNow and Binance, with the theft wallet still holding about 2,100 ETH (~$4.23 million). The attack vector appears to involve compromised validator signatures, fitting a broader trend of key-related breaches in 2026 bridges, such as those seen in Kelp DAO and Resolv. Although modest compared to major bridge hacks, the incident adds to a surge in crypto hacks, with bridges remaining a prime target.

Noble, a stablecoin blockchain, announced it will shift from the Cosmos SDK to a standalone Ethereum Virtual Machine layer-1, launching on March 18. The move is driven by a need for a higher-performance tech stack, broader developer access, and scalability that the Cosmos architecture cannot provide. The new chain will deliver sub-500-millisecond finality, permissionless smart-contract deployment, and dedicated lanes for real-world payments, focusing on its native stablecoin. Since 2023, Noble has processed over 22 billion in volume, serves 30,000 monthly users, and anchors liquidity for 50+ blockchains.

Noble, a stable‑coin‑focused appchain built on Cosmos SDK, announced a pivot to a standalone EVM Layer‑1, with the new chain launching on March 18. Founder Jelena Djuric said the move will give the network a performant stack and a strong base for builders, shifting focus from an IBC‑based bridge to a broader stable‑coin and FX infrastructure. Noble will support its existing Cosmos chain for the short term and keep all IBC links intact. The new L1 will host the Treasury‑backed USDN stablecoin, a yield‑vault using a Pendle strategy on HyperEVM, and a novel FX DEX for USD–EUR swaps and perpetuals, aiming to become a primary venue for token issuance and trading while migrating liquidity from Cosmos.

Cosmos Labs is issuing an RFP to external economists to redesign ATOM tokenomics, aiming for a revenue‑driven model that monetizes on‑chain and off‑chain usage as ATOM price slumps. The redesign would replace the Interchain Security model, which failed to find product‑market fit, with consumption‑based fees tied to usage. The proposal must be approved by the Cosmos Hub DAO, which has historically resisted centralization; a narrow 3% inflation reduction vote triggered a sharp stake withdrawal, underscoring political sensitivity. ATOM has fallen nearly 76% this year to about $2.1, despite broader adoption of the Cosmos SDK.

The Black Friday crash on Oct 10 hit Cosmos (ATOM), IoTeX (IOTX) and Enjin (ENJ) hardest. ATOM briefly fell to near‑zero due to a tick glitch, but traded down 32 % from $4.19 to $2.99. IOTX slid 25 % from $0.024 to $0.018 after a false zero print. ENJ plunged 67 % to $0.021, then rallied to $0.048.