In today's crypto news, the Qubic community, responsible for a recent 51% attack on the Monero privacy network, voted to target Dogecoin next, surpassing other options. This decision raises concerns for other proof-of-work blockchains. Additionally, Japan’s Financial Services Agency is set to approve JPYC, the first yen-backed stablecoin, which will maintain a value of 1 JPY = 1 yen. Tokyo's fintech firm JPYC plans to lead this rollout, aiming to tap into the growing stablecoin market, currently dominated by dollar-pegged assets. Lastly, Galaxy Digital CEO Mike Novogratz expressed that a projected $1 million Bitcoin price by 2026 could indicate severe economic troubles rather than a successful milestone. He emphasized the need for economic stability over high Bitcoin prices, highlighting the role of Bitcoin as a safe haven during currency devaluations.

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