At press time, JUNO was trading at $11.98, down 8% over the last 24 hours. COSMOS was trading at $17.85, down 11% over the same period. Bitcoin BTC/USD was trading at a three-month low of $36,260.

The Cosmos-based Juno blockchain continues to serve as a case study for the trials and travails of on-chain governance. An unprecedented community vote last week was supposed to seize millions of ...