1’m bullish on $XMR the #Monero community! #DePIN, which project you are bullish?# and mining of #Privacy first money is the future! Yes, #DLGH seeking 200k$YoY AiOps job CV:   github.com/alexdolbun and as usual with   cmc.ai by mr CPO @CMCDavid launched at our 🇦🇪 Dubai #CMC VIP# event by @CaptainRush LETS TOGETHER PERFORM “Sharp Strategic Deep Dive” into monero latest news: 
1. 51% Attack Reversed (17 August 2025)
Overview:
Qubic, a mining pool linked to IOTA co-founder Sergey Ivancheglo, briefly controlled 51% of Monero’s hashrate, triggering fears of double-spending and transaction censorship. Kraken froze deposits on 16 August as a precaution, causing XMR to drop 19% mid-week. However, coordinated efforts by Monero’s mining community redistributed hashrate to smaller pools like P2Pool, reducing Qubic’s share to ~35% by 17 August.

2. Kraken Deposit Freeze (16 August 2025)
Overview:
Kraken paused XMR deposits after Qubic’s hashrate surge, citing potential network integrity risks. The exchange resumed withdrawals and trading within 24 hours as the attack subsided, but deposits remained restricted at publication time.

3. Technical Rebound (17 August 2025)
Overview:
XMR rebounded from $230 to $280 in two days, with RSI rising from 31 (oversold) to 46. Trading volume spiked 80% to $92.8M, and open interest climbed to $53.35M, signaling renewed bullish momentum.

Monero’s swift recovery from a “fake 51% attack” highlights community cohesion but underscores lingering centralization risks in proof-of-work systems. While technicals hint at bullish momentum, regulatory scrutiny and exchange hesitancy could pressure XMR’s near-term trajectory. Will Monero’s mining decentralization efforts outpace Qubic’s economic incentives?

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August 17, 2025 at 7:44 PM
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