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🚨 Crypto Weekly Unpacked: Monero Under Siege, Dogecoin ETF Surprise, and the Great Staking Shake-Up

🚨 Crypto Weekly Unpacked: Monero Under Siege, Dogecoin ETF Surprise, and the Great Staking Shake-Up

Author:
Cryptodnes
Published:
2025-08-17 08:00:22
9
3

Monero's privacy shield cracks as attackers exploit a critical vulnerability—meanwhile, Wall Street plays catch-up with a shock DOGE ETF filing. Plus: Why the staking landscape is flipping on its head.

Monero Bleeds: The 51% Attack No One Saw Coming

Network security just got a wake-up call. A coordinated assault on Monero's chain rewrote transaction history—proof that even privacy coins aren't bulletproof.

Doge Days Aren't Over: ETF Filing Drops Bombshell

Some suit actually paid the SEC's filing fee to launch a Dogecoin ETF. Because nothing says 'mature asset class' like memes meeting margin accounts.

Staking's Identity Crisis: From Cash Cow to Compliance Headache

Regulators are circling, and yield-hungry investors are scrambling. The golden age of 'set it and forget it' rewards? Gone—replaced by KYC forms and tax footnotes.

Bottom line: Crypto's playing three-dimensional chess while traditional finance still struggles with checkers. The only constant? Volatility—and the smell of desperation from latecomers chasing last cycle's pumps.

Qubic Pool executes 51% attack on Monero

The Monero network suffered what appears to be a successful 51% attack by Qubic mining pool. On Tuesday, a major blockchain reorganization was detected after Qubic seized majority hashing power, allowing it to censor transactions and conduct double-spending. Reports show six blocks were reorganized and 60 orphaned, with nearly 750 XMR mined in two hours. Qubic framed the attack as a planned experiment, redirecting computing power from its decentralized AI platform. Analysts noted Monero’s small hashrate made the network vulnerable compared to larger PoW chains.

MyStonks faces frozen funds dispute

A user accused MyStonks of freezing $6.2 million in withdrawals. The platform responded that it had received a law enforcement request and flagged suspicious mixing activity, stressing compliance obligations.

Ronin prepares Layer 2 upgrade for 2026

Ronin announced a full LAYER 2 migration by early 2026, shifting to a Proof of Distribution model. Rewards will be allocated to developers rather than validators, while transaction speeds are projected to improve 12x.

Taiko introduces pre-confirmation on Ethereum

Ethereum scaling project Taiko launched a pre-confirmation system on mainnet, cutting transaction response times to around two seconds. The team says it will improve predictability for DeFi, GameFi, and enterprise apps.

LayerZero proposes $110M Stargate acquisition

The LayerZero Foundation has offered $110 million to acquire cross-chain bridge Stargate and its token STG, planning a swap into native ZRO tokens and dissolution of Stargate DAO.

Lido’s market share hits record low

Ethereum staking leader Lido saw its market share drop to 24.4%, its lowest ever, after losing 285,000 ETH. Meanwhile, Figment added 344,000 ETH, reflecting intensifying competition in staking.

GMX completes $44M compensation

Following its V1 vulnerability, GMX distributed $44 million to affected GLP holders through new GLV tokens, partially backed by DAO treasury funds.

Uniswap explores Wyoming’s DUNA framework

The Uniswap Foundation proposed establishing DUNI, a DAO entity under Wyoming’s DUNA laws, to strengthen compliance and pave the way for protocol fees.

READ MORE:

Bitcoin Holders Lock In: Less Than 23% of BTC Moved in Six Months

PumpFun regains Solana memecoin dominance

PumpFun rebounded to 75% market share in solana memecoin launches, reclaiming its lead from LetsBonk.

Grayscale files DOGE ETF

Grayscale applied to convert its Dogecoin Trust into a spot DOGE ETF (ticker GDOG) on NYSE Arca, joining Rex-Osprey and Bitwise in the race.

Kosta Gushterov

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Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

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