Stride announced it will shut down its Cosmos blockchain as funds near depletion, shifting stToken redemptions to Osmosis. Users can redeem stTokens under the current system until October 12, after which withdrawals will pause during the transition. Redemptions are expected to resume on Osmosis around November 20, with tokens remaining valid but no longer earning staking rewards post-migration. This move preserves token access while moving redemption off Stride's chain, with about $6 million locked and funds projected to last until February 2027 at current spending.
Stride's plan to close its Cosmos Chain and move stToken redemptions to Osmosis provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Sep 29, 2026 22:51 WIB: out of 50 priced assets, 38 rose and 11 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, AVAX (Avalanche) at Rp202.606 with +9.47%, and EOS (EOS.IO) at Rp12.649 with +8.13%. Typical hold times range from 85 to 87 days, with AVAX showing a Pluang order activity of 73% Sell and 27% Buy.
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Netflix shares rose 1.5% after Deutsche Bank upgraded the stock from Hold to Buy, citing recent price declines as a buying opportunity and stronger international trends. However, other analysts remain cautious, with Wells Fargo downgrading Netflix to...
