MAROKO133 Update crypto: Leap Wallet Shutdown Forces Mass Cosmos Migration: Users Race Aga

📌 MAROKO133 Breaking crypto: Leap Wallet Shutdown Forces Mass Cosmos Migration: Us

Leap Wallet said it will permanently shut down all products on May 28, 2026, ending a four-year run as one of the Cosmos ecosystem’s most popular non-custodial wallets.

The shutdown affects browser extensions, mobile apps, Compass Wallet, Swapfast, and Leap’s Cosmos Hub validator. Users have roughly eight weeks to export recovery phrases and migrate to alternatives.

Why the Shutdown Matters

Leap launched in 2022 and quickly became a go-to wallet for Cosmos users farming airdrops on chains like Celestia (TIA), Cosmos Hub (ATOM), and Osmosis (OSMO).

The project raised $3.2 million from CoinFund and Pantera Capital and expanded to support over 100 chains, including EVM, Solana, and Sui networks.

It served hundreds of thousands of users globally. The team did not disclose a specific reason for the closure but said the decision followed careful consideration.

They affirmed continued support for crypto’s long-term future.

What Users Should Do Now

Because Leap is non-custodial, all funds remain on the blockchain. Users must export their recovery phrases or private keys before May 28 and import them into wallets like Keplr, MetaMask, Phantom, or Rabby.

No asset transfers are necessary. Addresses and balances carry over automatically.

Users who staked ATOM with Leap’s validator face a more urgent timeline.

The validator will stop earning rewards after shutdown. Redelegation avoids the 21-day unbonding period, which would leave tokens locked without yield.

A Tough Week for Crypto Projects

Leap’s closure arrived during a particularly brutal stretch, as within the same week:

• Dmail shut down

• Yupp AI has discontinued operations
• Magic Eden wallet cease functioning, and
• The $285 million Drift Protocol exploit on Solana.

“While we expect the worst recession in human history and a war that will last not weeks, but months, many more crypto projects will quietly fade away, just like all the meme coins from 2021 no one talks about,” wrote airdrop farmer Brill.

Migration support remains available until the May 28 deadline. Whether other mid-tier crypto projects can survive the current downturn remains an open question as the market continues to thin out.

The post Leap Wallet Shutdown Forces Mass Cosmos Migration: Users Race Against the Clock appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 MAROKO133 Update crypto: Trust Wallet CEO Felix Fan on Building a Crypto Wallet

In  February 2026, Felix Fan took over as CEO of Trust Wallet, succeeding Eowyn Chen. More often than not, a new CEO spends months getting to know the company, but Fan started by shipping new features to significantly improve the user experience for Trust Wallet’s 220 million users.

Trust Wallet shipped the Trade Menu shortly after he arrived. Within 48 hours, four more products followed, including swap price impact protection, an updated Trending Page, prediction markets through predict.fun, and 1-click swaps.

“I didn’t need months to audit Trust Wallet,” he told BeInCrypto. “I came in with a clear point of view, and the team had already been doing the hard work. My job was to accelerate innovation, not hesitate.”

What’s less obvious is why Fan sees this moment as urgent, and what he thinks Trust Wallet is actually becoming.

He Thinks the Category Has Missed a Few Things

Fan came to Trust Wallet from OKX, where he ran product. He’s seen the space from multiple angles, and when asked where self-custodial wallets have fallen short, he doesn’t hedge.

Speed is the first thing he names. “When you see a market move, you should be able to act in seconds. Most wallets still make that unnecessarily hard,” he said. 

Then there’s the user nobody built for. People who’ve done a few trades and want to go deeper, not beginners, not power users, just somewhere in the middle with no clear trajectory. 

“The industry obsesses over first-timers and power users,” Fan noted. “The people who’ve done a few trades and want to go deeper? They’re largely underserved. There’s no natural progression.” That’s less a design gap than a product philosophy gap. The middle tier got skipped.

And then trust signals, which Fan frames as a responsibility the wallet itself should carry. Users sign transactions they can’t fully parse, get exposed to scam contracts without any warning from the app. “The wallet should be a layer of protection,” he said. “That’s an area the whole industry has under-invested in, and it’s something we’re taking seriously — being the most secure wallet is a core part of our identity.”

Why the Trade Menu, Why Now

Something shifted in how people trade crypto. They don’t sit down and decide between swapping and perps. They see a market move and want in. The decision is intent-based, not product-based. Most wallets didn’t get that memo. Features are scattered. Execution is buried. The moment of action gets slowed down by the interface.

The Trade Menu is the fix for that, at least the beginning of one. Swap, perpetuals, predictions, trending plays are in one place and only require one tap.

“That friction has a real cost,” Fan said. “The Trade Menu removes it. One entry point for everything. That’s not a small UX tweak — that’s a statement about what kind of wallet we’re building. A command center for decentralized finance, not just a balance checker.”

Some of what’s coming on the roadmap isn’t new territory. Live charts, transparent fee structures — CEX traders have had these for years. Fan said as much. “Fair challenge. Yes, some of what’s coming are things CEX users expect as baseline. We should have had them. We’re fixing that. But that’s the foundation, not the destination.”

The destination is harder to categorize. Fan describes a wallet where users broadcast intent and the network handles execution — self-custodial by default, cross-chain natively, not routed through any centralized order book. 

“That’s not a CEX or a DEX. That’s a new category,” he said. “The Trade Menu is the first step toward that.”

“Simple by Default” Might Be Harder Than It Sounds

The principle running through the product is “simple by default, advanced by choice.” Fan doesn’t dress it up.

What does the user see first? That’s the decision everything comes back to. Show too much and you overwhelm. Show too little and power users hit a wall immediately. 

“The hardest part is entry points,” Fan explained. “Every extra option you surface adds cognitive load. Every option you hide risks frustrating a power user.”

With the Trade Menu, the call was to optimize for the moment of intent — clean default view, advanced controls there when you want them. The middle-tier user complicates that. The one who’s past basic swapping but not yet doing anything sophisticated. 

“We have to earn their trust gradually and give them more as they’re ready,” Fan said. “That’s a sequencing challenge as much as a design one. We’re not perfect at it yet. But that’s exactly the kind of thing we’ll keep iterating on.”

On Independence

Fan’s target to enhance Trust Wallet comes when CEX-backed wallets have gotten serious. Several now offer real self-custody, deep liquidity behind them, user bases fed directly from their parent exchanges.

Yet, he doesn’t think that makes the case for self-custodial wallets any harder. If anything, it makes it more important.

“CEX-backed wallets have a structural ceiling. They will always be optimized — consciously or not — for their parent exchange’s liquidity, products, and interests. That’s just the reality,” he said. “Our only job is to give users the best available prices from decentralized markets, the best experience, and full control over their own assets. We can integrate the best liquidity sources, not just the ones we own. Independence is a feature. And 220 million people have already voted for it.”

The Number Trust Wallet Is Actually Building Toward

Under his leadership, Trust Wallet has flagged trading, UX, and AI as H1 priorities. On sequencing, Fan is clear that UX comes first because it affects every user right now.

“AI is only as good as the product it’s built on. If the swapping experience is clunky, the AI inherits that friction. So better UX isn’t just good for users today — it’s the foundation that makes AI actually work tomorrow,” Fan said.

Trust Wallet has begun building out developer-facing AI infrastructure. In late February, the team shipped an MCP server for instant access to its documentation, an open-source Claude Code skills marketplace. That was followed by the launch of the Developer Portal, giving AI agents read-only access to data across more than 100 chains. 

Most recently, Trust Wallet launched the Agent Kit, a toolkit that lets AI agents execute real crypto transactions across more than 25 blockchains within permissions defined by the user. 

Consumer-facing features come after.

And when asked about the early signals that they’re moving in the right direction, Fan watches engagement depth, trader retention, and qualitative si…

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🔗 Sumber: www.beincrypto.com