The Qubic community, known for its AI-focused blockchain project, recently attempted a 51% attack on the Monero (XMR) network but controlled only 28-35% of the hashrate, falling short of a full takeover. Qubic founder Sergey Ivancheglo acknowledged this shortfall, suggesting the event be termed a "34% attack." Following this, the group has voted to target Dogecoin (DOGE) next, attracted by its $2.3 million daily mining profits. This development has raised concerns about the security of proof-of-work blockchains, especially those enabled by ASIC mining. Meanwhile, Bitcoin (BTC) prices dipped below $116,000 after a hotter-than-expected U.S. producer price inflation report.