12 Aug 2025, 15:28

Monero Under 51% Attack as Qubic Pool Gains Majority Hashrate

Qubic mining pool briefly controlled over 52% of Monero hashrate. Attack caused 8% XMR price drop; QUBIC token rose 4% on the day. Debate continues on true extent and motives behind the 51% attack. The Qubic mining pool team has successfully carried out a 51% attack on the Monero network, taking control of more than half of the hashrate, SlowMist founder Yu Xian said. This experiment was previously announced by Qubic’s head and IOTA co-founder Sergey Ivancheglo, who described the initiative as an ”economic demonstration.” According to him, the mining pool team has no intention of maliciously interfering with the network. According to SlowMist’s founder, Qubic’s share of the hashrate among Monero miners reached 52.36% at one point. However, information is circulating on the network that the pool managed to surpass the 53% threshold, reaching a hashrate of 2.65 GH/s. Xian noted that the economic benefit of the attack remains questionable due to its high costs. Ledger CTO Charles Guillemet estimated that maintaining such control costs about $75 million daily. He also pointed out that Monero has limited options to address the issue, though Guillemet believes a complete takeover of the network is a likely outcome. Meanwhile, on the X platform (formerly Twitter), a community member posted a message attributed to dkat, reportedly the head of Qubic’s core developers. According to dkat, the project team ”besieged” Monero and effectively ”starved” other miners. They had at least three opportunities to reorganize up to 10 blocks, which would have caused a network failure, but dkat emphasized that Qubic has no such intentions. Some users have expressed skepticism about whether the attack was truly successful. SeraiDEX lead developer Luke Parker noted that if the attack had been fully effective, there would have been no blocks mined by others. He suggested the Qubic team was likely just fortunate. User tuxsudo agreed, citing MiningPoolStats data and raising suspicion that Qubic disabled their hashrate API. According to MiningPoolStats, the two largest mining pools processed 44 of the last 100 Monero blocks. As a reminder, Qubic employs an economic incentive-based approach. It rewards miners with QUBIC tokens to attract operators to its pool. The mined Monero (XMR) is then exchanged for stablecoins, which are used to buy QUBIC, creating an economic ecosystem that supports its computing power. A successful 51% attack enables the project team to reorganize blocks, censor transactions, or perform double spending. Following the news, the price of XMR fell by 8%, while QUBIC’s price increased by 4% on the daily chart. Implications for Monero and the Broader Crypto Community The Qubic attack underscores the ongoing vulnerabilities even in privacy-focused cryptocurrencies like Monero. While the attack was framed as a controlled economic demonstration, it highlights the risks of centralization in mining power. Such dominance can disrupt transaction finality and erode trust in the network's security, potentially affecting user confidence. The mixed community reactions reflect broader debates on balancing economic incentives and network integrity. Going forward, this event may prompt Monero developers to consider protocol adjustments or encourage diversification of mining resources to better safeguard against future 51% attacks. This incident also reignites discussions about the importance of decentralized mining pools and potential protocol upgrades to mitigate 51% attacks, balancing scalability with network security and resilience.

12 Aug 2025, 15:27

ETH ETF INFLOWS ATH, CIRCLE & STRIPE PLAN L1S, CPI TODAY

Bitcoin pulls back after falling short of ATH. ETH outperforms, ETFs hit record $1b+ inflows. Stripe building L1 blockchain for payments. Circle profit rises 53%, also building L1 chain. Strategy bought only $18m BTC last week. Metaplanet buys $61m BTC. BMNR now top ETH holders, bought $2b in a week. Sharplink sells $400m equity to buy ETH. Fundamental Global buys $200m ETH. FTX customers suing Fenwick. Do Kwon set to plead guilty in fraud case. Chainlink, ICE collab to bring FX & metals on chain. Thiel backed Bullish raises IPO size, $4.8b valuation. Paxos to pursue National Trust Charter in US. Blue Origin to allow crypto payments for space travel.

12 Aug 2025, 15:27

Divergent Stablecoin Regulations May Shape Future Market Dynamics and Cross-Border Viability

Global stablecoin regulations are diverging, with frameworks like Europe’s MiCA, the US’s GENIUS Act, and Hong Kong’s rules creating potential barriers for cross-border projects. Regulatory frameworks vary significantly, impacting usability

12 Aug 2025, 15:25

Solana (SOL) Faces Resistance at $178.72: Potential for Growth Towards $180 Amid Market Neutrality

Solana (SOL) is currently trading at $178.3, reflecting a 0.62% decline over the last 24 hours. Key resistance is at $178.72, with potential growth to $180 if broken. Current SOL

12 Aug 2025, 15:25

Massive ETH Transfer Unveiled: 61,987 ETH Moves to Coinbase Institutional

BitcoinWorld Massive ETH Transfer Unveiled: 61,987 ETH Moves to Coinbase Institutional A significant event recently unfolded in the cryptocurrency world, catching the attention of market observers and enthusiasts alike. Whale Alert, a prominent blockchain tracking service, reported a massive ETH transfer of 61,987 Ethereum tokens. This substantial sum, valued at approximately $274 million at the time of the transaction, moved from an unknown wallet directly to Coinbase Institutional . Such a large Ethereum transaction often sparks curiosity about its underlying purpose and potential market implications, highlighting the dynamic nature of digital asset movement . What Does This Massive ETH Transfer Mean for the Market? When a substantial amount of cryptocurrency, like this notable ETH transfer , moves to an institutional platform, it immediately raises several pertinent questions. Is it a large investor rebalancing their portfolio, perhaps preparing for new opportunities? Could it be an over-the-counter (OTC) deal, designed to minimize market impact? Or is it a new institutional client depositing significant funds to begin their journey into digital assets? These large movements, frequently associated with a crypto whale , can signal various strategic activities within the ever-evolving digital asset ecosystem. This specific crypto whale activity is closely watched for market signals. Understanding the context behind such a significant transaction is crucial. Here are some common interpretations: Potential OTC Deal: Many large transactions bypass public exchanges. This method helps large players execute trades without causing immediate, drastic price fluctuations, suggesting a private sale or acquisition. Institutional Deposit: A new or existing institutional client might be funding their account for trading, prime brokerage, or secure custody services. This indicates growing confidence in the asset. Portfolio Rebalancing: A large holder could be strategically adjusting their positions, potentially preparing for future market shifts or diversifying their holdings. Each possibility carries different implications for market sentiment and future price action, affecting overall digital asset movement . How Does Coinbase Institutional Facilitate Large Ethereum Transactions? Coinbase Institutional stands as a pivotal player in the professional crypto market, providing essential infrastructure for large-scale participants. It offers a comprehensive suite of services specifically tailored for institutions, including advanced trading platforms, robust prime brokerage solutions, and highly secure custody options. When a substantial Ethereum transaction like this lands on their platform, it undeniably underscores the increasing and deepening involvement of major entities in the crypto space. Institutions prioritize highly regulated, compliant, and secure environments for their significant digital asset holdings, and Coinbase Institutional effectively meets these stringent requirements. Their specialized services facilitate complex transactions and provide the necessary operational backbone for major players to confidently engage with digital assets. This particular ETH transfer further highlights the accelerating institutional adoption of Ethereum as a valuable asset class, not merely for speculative trading but also for long-term strategic investments and treasury management, influencing broader digital asset movement trends. The Broader Implications of Crypto Whale Movements on the Ethereum Market The actions of a crypto whale , especially when involving such a large amount of ETH, can certainly send ripples across the broader Ethereum market. While a direct deposit to an institutional platform doesn’t automatically signify an imminent sale, it does increase the potential liquidity available on the institutional side. This factor could subtly influence market dynamics in the short to medium term. Historically, large transfers to public exchanges can sometimes precede selling pressure; however, deposits to institutional custody platforms like Coinbase Institutional often suggest a strategic, long-term holding strategy, which can be a bullish signal for the Ethereum transaction landscape. Consider these vital points regarding such movements: Enhanced Liquidity Pool: If the deposited funds are intended for active trading, they contribute to a larger pool of ETH accessible to institutional clients, potentially improving market depth. Boosted Market Confidence: Significant institutional deposits are frequently interpreted as a strong vote of confidence in Ethereum’s long-term value proposition and its ecosystem’s stability. Reduced Volatility: OTC deals, often facilitated through platforms like Coinbase Institutional, are designed to absorb large orders efficiently, thereby preventing drastic price swings that could occur on open exchanges. The consistent trend of substantial digital asset movement into institutional hands strongly indicates a maturing market, characterized by increasing participation from traditional finance and sophisticated investors. The recent 61,987 ETH transfer to Coinbase Institutional serves as a powerful and compelling reminder of the expanding institutional footprint in the cryptocurrency landscape. While the precise intent behind this particular Ethereum transaction remains unconfirmed, it undoubtedly signifies a major player making a significant and strategic move. These large-scale transactions are becoming increasingly common, reflecting a growing acceptance, validation, and deeper integration of digital assets into mainstream financial strategies globally. As the market continues to evolve and mature, understanding these large-scale movements becomes increasingly vital for all participants, from individual traders to major institutional investors. Frequently Asked Questions (FAQs) Q1: What is the significance of a 61,987 ETH transfer? A1: This is a very large transaction, valued at approximately $274 million. Such movements by a crypto whale can signal significant institutional activity, portfolio rebalancing, or OTC deals, impacting market sentiment and liquidity. Q2: Who is Coinbase Institutional and why is it relevant to this ETH transfer? A2: Coinbase Institutional is a platform offering services like trading, prime brokerage, and custody for large financial institutions. Its relevance lies in facilitating secure and compliant large-scale Ethereum transaction s for major players entering or expanding within the crypto market. Q3: Do large ETH transfers always mean selling pressure? A3: Not necessarily. While transfers to public exchanges can sometimes precede sales, deposits to institutional custody platforms like Coinbase Institutional often suggest long-term holding strategies or preparations for OTC deals, which aim to avoid market impact. Q4: How do these large transactions impact the Ethereum market? A4: Large transactions, or digital asset movement , can increase potential liquidity, boost market confidence if they signify institutional adoption, and, when handled through OTC desks, help reduce volatility by absorbing large orders off public exchanges. Q5: What is a “crypto whale”? A5: A crypto whale refers to an individual or entity that holds a very large amount of a particular cryptocurrency. Their large transactions can significantly influence market dynamics due to the sheer volume of assets they control. If you found this analysis insightful, please consider sharing this article on your social media platforms to help others understand the fascinating world of large-scale crypto movements and their market implications! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum institutional adoption. This post Massive ETH Transfer Unveiled: 61,987 ETH Moves to Coinbase Institutional first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 15:23

Largest Ethereum Treasury Firm BitMine Immersion Plans $20 Billion Stock Raise To Fund Massive ETH Buying Spree

BitMine Immersion Technology has announced that it plans to raise $20 billion to acquire more of the second-largest cryptocurrency over time.