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All about Cosmos’ imminent upgrade and its possible impact



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While the crypto market registered losses, Cosmos [ATOM] was getting ready for a new update that could benefit the blockchain when the winds turn. Recently, Cosmos’ proposal 821 got approved, paving the way for the new network upgrade, which will enable the Liquid Staking Module (LSM). Though the update will add key new features, ATOM’s immediate response to the approval was not good enough.

Read Cosmos’ [ATOM] Price Prediction 2023-24

Cosmos recently announced that its proposal 821 got passed, which was aimed at introducing the Liquid Staking Module (LSM). The update said v12 will replace the existing staking, distribution, and penalty modules.

This will enhance network liquidity and unlock ATOM tokens worth millions of dollars to enable DeFi activity on multiple chains within the Cosmos ecosystem.

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1/ Prop #821 is approved ✅

Get ready for the v12 Upgrade, unleashing the Liquid Staking Module!

The Cosmos Hub will upgrade at block 16985500 (expected on Wed, Sept. 13th).

v12 brings the LSM – adding safety measures to liquid staking and unlocking instant liquid staking 🌊 pic.twitter.com/u27cJNFfGl

— Cosmos Hub ⚛️ (@cosmoshub) September 9, 2023

As per the official proposal, the v12 release has gone through rigorous testing, including e2e tests, integration tests, and differential tests. The proposal was initially submitted in August, and as it got approved, the new v12 upgrade will be pushed on 13 September at block 16985500.

The update can have a positive impact on the blockchain’s staking ecosystem, which has witnessed a downfall in the recent past. Staking Rewards’ data pointed out that the total amount of staked ATOM plummeted sharply since August 2023, which looked concerning.

At press time, ATOM had a staking ratio of over 68%, a staking market capitalization of $1.65 billion, and more than 905,000 staking wallets.

Source: Staking Rewards

While the blockchain awaits its next network update, the native token’s price action favored the sellers. CoinMarketCap’s data revealed that ATOM was down by more than 3.5% in the last seven days. At the time of writing, it was trading at $6.61 with a market cap of more than $2.4 billion.

Interestingly, though ATOM’s social volume remained relatively high, a drop was noticed in its weighted sentiment, which was a negative signal. However, thanks to the upcoming update, ATOM’s development activity surged last week.

Source: Santiment

Is your portfolio green? Check the ATOM Profit Calculator

Though the price action was bearish, things can take a U-turn in the coming days. As per Coinglass, ATOM’s open interest declined along with its price. A drop in the metric increases the possibilities of a trend reversal.

Additionally, its funding rate was also low. Typically, prices tend to move in the opposite direction from the funding rate. This increases the chances of a price uptick in the days to follow.

Source: Coinglass

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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