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Monero Faces 51% Attack Amid Broader Ecosystem Shifts

CW 33. OKX cut OKB supply by 52%, aiming to boost its X Layer ecosystem. Monero is under a reported 51% attack, raising concerns over the network’s security. Meanwhile, Jupiter will stake up to $580M in SOL from its JLP pool to enhance yield, while maintaining liquidity safeguards.

Monero Faces 51% Attack Amid Broader Ecosystem Shifts

OKB new model

OKX permanently removed 65.26 million OKB, the platform token, worth $7.6 billion from circulation, which cuts the total supply by 52% and capped the total at 21 million, as a salute to Bitcoin.

OKB’s price spiked more than 200% to $142 then dumped to <100 now returned to ~$120.

Sustained momentum hinges on growing usage of OKX’s X Layer blockchain, which plans to boost transaction speed, lower gas fees and fully transition OKB from Ethereum to X Layer.

Monero (XMR) 51% attack

Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Monero's global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain.

Monero is a major privacy-preserving protocol, and the 29th largest crypto by market capitalization, according to CoinMarketCap. The ongoing 51% attack on the network has sent shockwaves through the Monero community, triggering a wave of responses.

Withdrawals and trading for Monero (XMR) on the Kraken exchange remain open, while deposits will resume once it is safe.

Jupiter JLP enhances yield from SOL staking

From Jupiter's tweet, Jupiter protocol will soon start natively staking up to $580M in SOL from the JLP pool to earn yield. This will boost JLP returns and massively increase the stake of Jupiter’s validator.

Though Jupiter said the protocol maintains sufficient liquid SOL to cover all user profit obligations and monitors unrealized PNL and utilization closely. The protocol will delay SOL payouts while unstaking is processed (2-3 days).

And staking rewards follow the standard JLP fee distribution: 75% added to the pool and 25% to the protocol.

See details: https://support.jup.ag/hc/en-us/articles/21760554651548-JLP-SOL-Staking


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