News
12 Aug 2025, 14:00
Monero Price Crashes 17% as Qubic Mining Pool Launches a 51% Attack
The Qubic mining pool has launched a 51% attack on the Monero network, gaining control over most of its hashrate. This attack allows Qubic to rewrite blockchain history, execute double-spend attacks, and censor transactions. However, sustaining the attack is estimated to cost $75 million per day. In a startling development, the Qubic mining pool has successfully executed a 51% attack on the privacy-focused blockchain Monero (XMR). With this, it has gained control of the majority of Monero’s network hashrate. The Mechanics of the 51% Attack For context, a 51% attack occurs when a mining pool or entity gains control of more than half of a blockchain’s hashing power. This dominance allows them to reorder blocks, reverse transactions, and even double-spend coins. In Monero’s case, which relies on the RandomX proof-of-work (PoW) algorithm designed for CPU mining, Qubic’s strategy of accumulating hashrate has now given it significant leverage over the network. According to Charles Guillemet, CTO at Ledger, a major chain reorganization has already been detected, signaling the success of Qubic’s effort. With the current dominance over Monero’s block … The post Monero Price Crashes 17% as Qubic Mining Pool Launches a 51% Attack appeared first on Coin Edition .
12 Aug 2025, 13:59
Cosmos Health makes $1M ethereum purchase for treasury strategy
12 Aug 2025, 13:53
Expert Analysts Share Their Bitcoin (BTC) and Ethereum (ETH) Price Expectations! Rise or Fall?
Bitcoin (BTC) has generally traded below $120,000 since its ATH surpassed $123,000 on July 14. However, yesterday, BTC briefly surpassed $122,000 and came very close to its previous ATH. While people were wondering which direction Bitcoin, which was then pulled back below $120,000, would move, FxPro senior analyst Alex Kuptsikevich shared his current analysis. The Next Target for Bitcoin is the $135,000-$138,000 Range! Speaking to Coindesk, Alex Kuptsikevich reported that Bitcoin has broken through the $120,000 technical barrier, increasing its potential for further upside. Stating that there is potential for further rise in Bitcoin, the analyst said that the nearest price target for BTC is currently between $135,000 and $138,000. “Bitcoin has already broken through the $120,000 technical barrier. The current potential nearest target price is between $135,000 and $138,000. “Furthermore, this is one of the rare cases where a major altcoin rally fueled Bitcoin's rally.” Bitfinex analysts, on the other hand, stated that although Bitcoin has started to rise, the price is dependent on important data such as the US Consumer Price Index (CPI) to be released this week. “Whether Bitcoin's upward momentum will continue depends on macroeconomic data from the US,” Bitfinex analysts said. At this point, a CPI data above expectations could trigger renewed selling pressure. It Wouldn't Be Surprising If Ethereum Broke a Record! Alex Kuptsikevich also commented on Ethereum (ETH). Offering a positive outlook for Ethereum, as he does for Bitcoin, Kuptsikevich said it's possible for Ethereum to surpass the $4,891 price it reached in November 2021. “Ethereum's price is up more than 21% in the last 7 days and 45% in the last 30 days. On-chain transaction volume and address growth rate are also approaching all-time highs. “Furthermore, it wouldn't be surprising if a new all-time high is reached in the coming days.” *This is not investment advice. Continue Reading: Expert Analysts Share Their Bitcoin (BTC) and Ethereum (ETH) Price Expectations! Rise or Fall?
12 Aug 2025, 13:52
Traditional Beverage Company Safety Shot Enters Crypto with $25M BONK Treasury Strategy
Safety Shot, the company behind Yerbaé’s plant-based beverage designed to reduce blood alcohol content, has made its debut in the crypto market through a strategic partnership with BONK founding contributors. The collaboration includes an initial allocation of $25 million in BONK tokens as part of a comprehensive BONK treasury initiative. $BONK contributor @TheOnlyNom announces first stage of $BONK ( @bonk_inu ) Digital Asset Treasury with SafetyShotINC, establishing an initial $25M $BONK reserve. pic.twitter.com/2FSx4IA8lA — The Solana Post (@thesolanapost) August 11, 2025 A recent press statement reveals that Safety Shot is positioning itself for this treasury approach by first resolving all pending debt obligations while maintaining a robust balance sheet exceeding $15 million in cash reserves. The company plans to issue Preferred Shares valued at $35 million, which will be convertible into common stock shares. Safety Shot BONK Treasury Strategy Intensifies TradFi Memecoin Bet Safety Shot explained that their choice to designate BONK as their primary treasury asset stems from its distinct competitive advantages, particularly the technical benefits offered by the Solana blockchain, including rapid transaction speeds and minimal costs. The first stage of the BONK Digital Asset Treasury is here @bonk_inu is partnering with @SafetyShotINC to establish an initial reserve of $25M in $BONK Another strong step in growing The Dog’s reach, partnerships & long-term firepower #LetsBONK pic.twitter.com/bf5dbGcPgI — bjoern (@bjoernbonk) August 11, 2025 These specifics influenced their selection over Ethereum-based alternatives such as Shiba Inu (SHIB) and Pepe (PEPE), or inflationary tokens like Dogecoin (DOGE). Safety Shot’s transition toward becoming a BONK treasury company was facilitated by their exclusive financial advisor, Dominari Securities, LLC, which previously assisted in establishing a Tron treasury company. A source close to the Safety Shot partnership revealed that the BONK treasury initiative had been under development for “several months,” with Monday’s $25 million announcement representing merely the opening phase. Furthermore, this partnership is anticipated to strengthen Safety Shot’s financial standing, diversify its asset portfolio, and create new opportunities for shareholder value enhancement. The traditional beverage company is currently listed on NASDAQ under the ticker SHOT, and has declined 93.65% from its peak of $8.88 in February 2021 to $0.5582, based on TradingView data. Source: TradingView Over the past 24 hours, SHOT has dropped 51.04% and currently maintains a market capitalization of $73.4 million. In contrast, BONK’s market cap exceeds $1.93 billion. Examining comparable cases like BitMine Immersion, which accumulated 833,000 ETH worth $2.9 billion (approximately 5% of Ethereum’s supply) following their Ethereum treasury strategy launch, the company’s BMNR stock surged over 500% within a single week and has achieved 637.25% year-to-date gains. Safety Shot’s stock could potentially replicate this performance if its BONK treasury strategy is consistently implemented. Wall Street Embraces Meme Coins As Treasury Strategy and ETF Race Heats Up Safety Shot’s decision to establish a BONK treasury strategy is part of a broader trend of publicly traded companies exploring memecoin-focused treasury approaches. Recent months have witnessed an acceleration in corporate announcements within this sector. In late July, NASDAQ-listed Bit Origin unveiled plans for a $500 million DOGE treasury, positioning the company as the “MicroStrategy of DOGE.” Earlier, Everything Blockchain Inc also announced MemeStrategy , a spinoff entity designed to hold and manage a diversified memecoin portfolio, including PEPE, BONK, and SPX6900. There have also been initiatives to bring meme coins to traditional Wall Street investors through ETF products. At the beginning of 2025, Bitwise, the leading crypto index fund manager, submitted a filing for a Dogecoin (DOGE) exchange-traded fund (ETF) in Delaware. This initiative progressed further when NYSE Arca officially submitted a 19b-4 proposal to list and trade its shares. Similarly, prominent asset manager 21Shares announced on April 9 its partnership with the House of Doge to introduce Europe’s first Dogecoin ETP. The Dogecoin ETP will be listed on the SIX Swiss Exchange under the ticker DOGE, providing traditional EU investors with greater accessibility to the cryptocurrency. Beyond Dogecoin, popular meme coins like PENGU have recently attracted attention through Canary Capital’s S-1 registration filing , seeking U.S. Securities and Exchange Commission (SEC) approval for a new ETF designed to invest in the $PENGU meme coin and Pudgy Penguins non-fungible tokens. The post Traditional Beverage Company Safety Shot Enters Crypto with $25M BONK Treasury Strategy appeared first on Cryptonews .
12 Aug 2025, 13:52
‘The Fight for Ethereum’s Soul,’ a Cointelegraph documentary
Cointelegraph presents “The Fight for Ethereum’s Soul,” a documentary on the future of the smart contract blockchain protocol.
12 Aug 2025, 13:51
Binance Goes Zero Fee on XRP, ADA, BNB Pairs: Details
XRP, ADA, BNB, TRX pairs to enjoy zero fees on Binance
