Overview

• Dogecoin won a public community vote by roughly 300 ballots over Zcash and Kaspa as Qubic’s next target for its mining model.
• An independent researcher commissioned by Qubic found the group most likely did not reach majority control of Monero, estimating about 28% of hash rate.
• Qubic maintains it reorganized up to six Monero blocks and frames its effort as a “Useful Proof-of-Work” experiment that redirects mining toward AI tasks.
• Kraken temporarily paused Monero deposits during the episode as services assessed reorganization risk on the network.
• Markets reacted to the Dogecoin news, with DOGE slipping several percent as Qubic plans to keep mining Monero during the development period.