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On August 12, Qubic responded on Twitter to the 51% attack incident involving Monero, stating that the Monero (XMR) experiment is proceeding as planned and everything will be revealed at the appropriate time. Previous reports indicated that Qubic, a project by IOTA co-founder Sergey Ivancheglo, rapidly accumulated a large amount of Monero (XMR) hashrate through its Useful Proof of Work (uPoW) mechanism. On August 12, Qubic briefly controlled 52.72% of the Monero network's hashrate (approximately 3.01 GH/s). Once the threshold exceeded 51%, Qubic was able to reject blocks from other mining pools, potentially causing chain reorganizations, double-spending, or transaction censorship. The Monero community has launched resistance and defense measures, while Qubic stated that this was a technical demonstration rather than a malicious attack.

According to a report by Jinse Finance, ING analyst Francesco Pesole stated that the U.S. inflation data to be released later today may exceed expectations, but any gains in the U.S. dollar are likely to be short-lived. He noted that labor market data is more influential than inflation data, as tariff-driven price shocks are considered temporary and the latest non-farm payroll report has been significantly revised downward. He added that if inflation comes in higher than expected but is accompanied by further deterioration in the labor market, it could still align with the Federal Reserve's expectations for a rate cut in September. This suggests that higher-than-expected inflation is unlikely to lead to a sustained rise in the dollar. ING forecasts that the core inflation rate in July will rise by 0.4% month-on-month, higher than the 0.3% generally expected by economists. (Jin10)