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Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Monero Faces Major Reorg: Monero’s blockchain suffered its largest-ever 18-block reorg, reversing 117 transactions and exposing vulnerabilities to 51% attacks.

2. Yala Stablecoin Depegs: Yala’s Bitcoin-backed stablecoin YU crashed to $0.20 after an attacker minted 120M tokens and dumped them across chains.

3. 💡Feature of the Day - Treasury Narrative Splits: Nakamoto CEO David Bailey criticized firms for adding altcoins to their treasuries, warning it undermines Bitcoin’s role as a singular reserve asset.

   
   All this and more in today’s headlines!

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📰 News Highlights:

Monero Hit by Reorg [Source][Source][Source][Source][Source][Source]

Monero’s privacy coin XMR surged 7% despite suffering its largest-ever blockchain reorganization, an 18-block reorg reversing 117 transactions.

The attack, carried out by AI-focused mining pool Qubic, once again demonstrated the vulnerability of Monero’s network to 51% attacks.

This incident exceeded Monero’s existing safeguard of a 10-block lock, sparking concerns over its long-term reliability as a monetary system.

Critics argue the repeated attacks undermine confidence in Monero’s decentralization-first design.

In response, the Monero community is debating drastic countermeasures, including adopting DNS checkpoints.

This approach would involve pulling trusted block data from centralized servers, potentially preventing reorgs but at the cost of decentralization—Monero’s defining principle.

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Yala Stablecoin Depegs [Source][Source][Source][Source][Source]

Yala’s Bitcoin-backed stablecoin, YU, has failed to recover its dollar peg after an attempted attack sent its value as low as $0.2046.

An attacker exploited on-chain vulnerabilities to mint 120 million YU tokens, flooding markets by bridging them to Ethereum and Solana before selling for USDC.

This oversupply collapsed YU’s peg, showing that even with strong Bitcoin collateral, flaws in minting and bridging mechanisms can cripple stability.

While Yala’s team claims all collateral remains safe, confidence in YU has wavered, with the token now hovering around $0.78.

The team disabled features like its “Convert” and “Bridge” tools to stop further abuse, but the broader issue underscores the fragility of algorithmic and collateralized model stablecoins.

💡 Feature of the Day: 

Treasury Narrative Divides [Source][Source][Source][Source][Source]

Nakamoto CEO David Bailey warned that the digital asset treasury narrative is being distorted by firms adding “failed altcoins” and “toxic financing” to their balance sheets.

Originally, the strategy focused on Bitcoin as a singular treasury asset—seen as decentralized, inflation-resistant, and a long-term store of value.

However, more companies are diversifying into Ethereum, Solana, XRP, and even newer tokens, chasing short-term trends.

Bailey argues this shift dilutes the original Bitcoin treasury thesis and increases financial risk.

Analysts warn that poorly managed firms could enter a “death spiral,” where their stock trades below net asset value, forcing asset sales at a loss and further depressing their value.

😂 Crypto Meme of the Day: 

Meme of the day provided by @cryptomemebot

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com