Qubic has achieved a majority control of Monero’s hashrate, triggering anxieties about potential blockchain reorganizations and network security. The announcement comes as the Monero team urges higher confirmation thresholds to mitigate risks. 51% ownership in Monero poses threats of double-spend and censorship concerns. Coin exchanges are tightening deposit requirements due to these uncertainties, signaling possible liquidity issues and increased risk of double-spending that could impact XMR trading and network stability in the near term. The community is reacting to Qubic’s claims and the ensuing stability challenges. 51% control by Qubic has prompted concerns from Monero developers who advocate for higher transaction confirmation levels and a temporary halt in transactions to prevent potential chain reorganizations. The move mirrors past incidents where other cryptocurrencies, like Ethereum Classic, faced similar risks during 51% attacks. The history of such dominance highlights the need for adjustments to ensure network stability. Exchanges and developers are closely monitoring the situation, drawing lessons from similar events in the crypto sector. This development has potential financial implications including liquidity fragmentation and spread widening, while regulators and communities are actively observing developments to mitigate risks.