🐕 Qubic Eyes Dogecoin After Monero Attack
The Qubic blockchain community, fresh off a 51% attack on Monero (XMR), has voted to target Dogecoin (DOGE) next.
Founder Sergey Ivancheglo, also known as Come-from-Beyond, gave the community several options, including Kaspa, Zcash, and DOGE. In the end, Dogecoin won with over 300 votes, more than all other choices combined.
This move raises concerns that proof-of-work blockchains may face growing threats from coordinated attack strategies.
💴 Japan Approves First Yen-Pegged Stablecoin
In a historic move, Japan’s Financial Services Agency (FSA) is preparing to approve the nation’s first yen-backed stablecoin this fall.
The Tokyo-based fintech JPYC will lead the rollout. Its token will be pegged 1 JPY = 1 yen, backed by bank deposits and Japanese government bonds.
While USD stablecoins (USDT, USDC) dominate Japan’s crypto market, this marks the first domestic yen-denominated option. With the stablecoin market now exceeding $286 billion, Japan is stepping into a new digital finance era.
⚠️ Novogratz: $1M Bitcoin = Trouble Ahead
Mike Novogratz, CEO of Galaxy Digital, has warned that a $1 million Bitcoin price by 2026 wouldn’t be a victory but a sign of U.S. economic collapse.
He emphasized that such a surge would only happen if the U.S. dollar suffered massive devaluation:
“I’d rather have a lower Bitcoin price in a more stable United States than the opposite.”
Novogratz pointed out that extreme currency crises often erode civil society, pushing people toward Bitcoin as digital gold.
🌐 Why It Matters
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Dogecoin may be at risk of major network threats.
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Japan is leading Asia with fiat-backed stablecoins.
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Bitcoin at $1M may signal crisis, not celebration.
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