Overview

• Sergey Ivancheglo’s poll on August 17 saw Dogecoin win with about 301 votes over Kaspa and Zcash as Qubic’s next proof-of-work test.
• DOGE price slipped more than 5% after the vote while on-chain and derivatives indicators signaled rising bearish sentiment among traders.
• Qubic says its Monero pool briefly commanded roughly 2.3 GH/s for a 51% hashrate majority, enabling a six-block reorganization and framing the move as a “stress test” for its AI-focused mining model.
• Monero developers and miners dispute that Qubic held sustained control and exchanges including Kraken paused XMR deposits during the incident.
• Analysts note that Dogecoin’s merged-mining with Litecoin and its multi-petahash network would raise the cost and complexity of any similar attack.