In the crypto space today, the Qubic community voted to target Dogecoin following a 51% attack on Monero's privacy network, showcasing potential risks for other proof-of-work blockchains. Additionally, Japan's Financial Services Agency (FSA) is set to approve yen-backed stablecoins, with JPYC leading the rollout as the first domestic fiat-pegged digital currency. This move marks a significant step as the global stablecoin market continues to grow, dominated by dollar-pegged assets. Galaxy Digital's CEO, Mike Novogratz, expressed that if Bitcoin reaches $1 million by next year, it would indicate severe economic issues in the U.S. rather than success, emphasizing that significant currency devaluations often push investors toward alternative safe havens like Bitcoin. These developments hint at a dynamic and sometimes tumultuous crypto landscape that reflects broader economic trends.

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