Monero Attacker Eyes Dogecoin

Qubic Targets Dogecoin After Monero Stunt

Dogecoin Mining Vote: Qubic’s community voted to target Dogecoin for their next mining season, aiming to "catch Elon’s attention," per founder Sergey Ivancheglo’s X post on August 17, 2025. Dogecoin won with 301 votes, beating Kaspa (31) and Zcash (12). Ivancheglo said on X that mining Dogecoin needs months of development, so Qubic will continue Monero mining meanwhile. This follows their controversial Monero actions, raising proof-of-work security concerns.

Monero Attack Claim: Qubic claimed a 51% attack on Monero, a $5 billion privacy coin, as a "takeover and demonstration," per their Telegram admin. They used selfish mining, withholding blocks to seem dominant and push miners to their pool. The claim sparked attention, but their actual control was less than stated, fueling debates about their intentions and the security of Monero’s network against such mining tactics.

Monero Attack Scale: Shai Wyborski’s analysis estimated Qubic’s control at 28-35% of Monero’s hashrate, not 51%, calling it a "stress test" and stating, "Hate the game, not the player." X user MEVEN estimated 2.5 GH/s of 6.5 GH/s. Ivancheglo admitted on X it was a "34% attack." Kraken paused Monero deposits on August 15, 2025, citing security risks from a single pool’s hashrate control, per their status page. Read More.

️ On today's Top Picks:

  1. 🤝 Tether hires Bo Hines as Advisor for Digital Assets & US Strategy.
  2. 🃏 Monad launches Monad Cards; ~5K CT accounts are eligible.
  3. 🪂 Sapien to launch $SAPIEN TGE & airdrop tomorrow.
  4. 🛑 UK drops demand for Apple iCloud data back door.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ Qubic, Monero's $XMR recent 51% attacker, votes to target Dogecoin $DOGE next; Qubic's founder CfB noted "Preparation to mining Dogecoin requires months of development..." on X.

• ⭐️ Tether hires Bo Hines, former White House Crypto Council Executive Director, as Strategic Advisor for Digital Assets and US Strategy.

Gemini to go public on Nasdaq under $GEMI ticker; S-1 filing shows a net loss of $282.5M in H1 2025.

Japan FSA expected to approve JPYC's yen-denominated stablecoin as early as this fall; JPYC aims to issue 1T yen ($6.78B) worth of its stablecoin across three years.

Digital Asset Investment Products saw $3.75B in inflows last week; Bitcoin $BTC ~$552M inflows, Ethereum $ETH ~$2.87B inflows, Solana $SOL ~$176.5M inflows, Ripple $XRP ~$125.9M inflows.

Alpha


• ⭐️ Monad launches Monad Cards; ~5,000 active crypto twitter accounts are eligible to claim; each can nominate 3 friends.

Mitosis announces $MITO tokenomics; 10% of MITO supply allocated for Genesis Airdrop.

Cap launches on Ethereum mainnet; earn Caps (points) for minting $cUSD; points program to last a maximum of 5 months, ending sooner if certain metrics are met.

Jumper launches Jumper Perks, exclusive unlocks for leveling up your Jumper Pass, giving access to benefits and IRL perks.

Relay teases "In 1 Week — A New Era, GRelay" on X; team confirmed it's not token-related.

Boundless announces $ZKC tokenomics; ~6% of ZKC supply allocated for airdrop & community token sale.

Pi Squared launches Pi Squared Portal; complete quests to earn points; to launch Pi² Reactor Game soon.

Airdrops


• ⭐️ Sapien to launch $SAPIEN TGE & airdrop on August 20th; Sapien points holders are eligible.

Hyperlane launches $HYPER Expansion Rewards Q2 claim; Hyperlane users are eligible; claim open for two weeks.

Binance launches $PLUME HODLer airdrop; BNB Simple Earn and/or On-Chain Yields products subscribers from July 24th to July 27th are eligible.

OKX posts "NOTIFS ON, AIRDROP COMING SOON" on X; OKX wallet users to potentially be eligible for airdrop.

ICYMI Airdrops, Checkers, & Points by Olimpio.

Finance News


Strategy $MSTR buys an additional 430 Bitcoin $BTC for ~$51.4M at ~$119,666 per BTC; now holds 629,376 BTC worth ~$73B.

Metaplanet $3350.T buys an additional 775 Bitcoin $BTC for ~$93M at ~$120,006 per BTC; now holds 18,888 BTC worth ~$2.2B.

Bitdeer $BTDR reports Q2 2025 earnings; reports $155.6M in total revenue, $59.3M in mining revenue, 1,502 Bitcoin $BTC holdings.

Bitmine $BMNR buys an additional 373,110 Ethereum $ETH; now holds 1,523,373 ETH worth ~$6.6B.

SharpLink $SBET buys an additional 143,593 Ethereum $ETH; now holds 740,760 ETH worth ~$3.1B.

Key Events This Week by The Kobeissi Letter.

Security and Exploits


• ⭐️ UK drops demand for Apple data back door; UK had served Apple a confidential TCN to build infrastructure allowing British agencies to decrypt users' iCloud backups globally.

Ad Blockers to possibly be banned in Germany; a ruling by Germany’s Federal Supreme Court raised the possibility that ad blockers might unlawfully interfere with copyright-protected elements of websites.

VPN Apps used by over 700M Android users revealed to contain shared keys & hidden backdoors; research shows the VPN's are secretly connected through shared ownership, server infrastructure, and cryptographic credentials,

Token Unlocks


• LayerZero $ZRO / ~$50M / AUG 20th
• Kaito $KAITO / ~$24M / AUG 20th
• Soon $SOON / ~$11M / AUG 23rd
Sourced from Tokenomist


Funding


Block Earner raises $8M in Series A funding led by Titan Fund.

O1 Exchange raises $4.2M in funding led by Coinbase Ventures & Alliance.

Archax raises an undisclosed amount in funding from Stellar Development Foundation.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Hyperion logoHyperion (Aptos)USDTUSDC51.80%
Merkl logoMerkl (Ethereum)KPDUSDC35.00%
Uniswap V3 logoUniswap V3 (Ethereum)EUROCUSDC29.35%
Aerodrome Slipstream logoAerodrome Slipstream (Base)EURCUSDC29.25%
Mainstreet logoMainstreet (Sonic)MSUSD24.20%
Indigo logoIndigo (Cardano)IUSD22.41%
Unitas logoUnitas (Solana)SUSDU20.71%
. . .

Socket: First Chain Abstraction Protocol

Socket: The first chain-abstraction protocol, Socket empowers developers to build applications that seamlessly interact across multiple blockchains as if they were one. By unifying liquidity, users, and assets, Socket eliminates the complexities of cross-chain operations, offering a secure, efficient, and decentralized framework for the multichain future.

Bungee: Powered by Socket, Bungee is a global liquidity marketplace that simplifies cross-chain swaps. With over $20B in volume and integrations in major wallets and dApps, Bungee finds the fastest, cheapest, and most secure routes to move any token across any chain, delivering a gasless and user-friendly DeFi experience.

v2 & Solana: Bungee’s newly launched v2, the Open Liquidity Marketplace, makes trading across chains even smoother with BungeeAuto ensuring reliable swaps and access to deeper liquidity pools. Now, with Solana support, you can bridge from over 30 EVM chains to Solana in a snap, swapping tokens to dive into its thriving memecoin markets with minimal hassle.

👉 Swap smarter with Bungee v2 today!

. . .

That’s it for today’s edition! See you soon.

Reply

or to participate.