According to Paul Grewal, Hong Kong is advancing its plan to become a global digital asset hub by establishing a comprehensive regulatory framework and promoting the tokenization of real-world assets (RWAs), as detailed in a government policy statement. The source notes this includes regularizing tokenized government bonds and clarifying tax treatment for tokenized ETFs to enhance liquidity. In contrast, Singapore's Monetary Authority of Singapore (MAS) is tightening its grip, now requiring digital token service providers serving only foreign clients to be licensed, a move potentially influenced by the collapses of locally-domiciled but operationally-absent firms like Three Arrows Capital and Terraform Labs. For traders, a key market indicator is Ethereum's (ETH) recent strength over Bitcoin (BTC). Charmaine Tam of Hex Trust suggests this outperformance, marked by a rise in ETH dominance and a drop in BTC dominance, signals a capital shift towards altcoins, DeFi, and decentralized AI. Tam further cites over $1.25 billion in inflows into spot ETH ETFs since mid-May as evidence of robust institutional interest, which could provide a solid foundation for a sustained altcoin rally.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance against Bitcoin, with ETH dominance rising to nearly 10%, indicates a shift in capital towards altcoins like DeFi and AI-focused assets, supported by institutional inflows into spot ETH ETFs. Due to Israeli airstrikes on Iran, BTC fell 4.7% to $103.3K and ETH dropped to $2,694, amid broader market uncertainty. Simultaneously, Singapore's Monetary Authority (MAS) has mandated licensing for offshore crypto firms by June 30, potentially linked to past incidents involving Three Arrows Capital and Terraform Labs, leading exchanges like Bitget and Bybit to exit the market. Additionally, Quranium launched QSafe Wallet with quantum-resistant encryption to address future threats, supporting assets including BTC and SOL.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's outperformance against bitcoin, with ETH dominance rising to nearly 10%, serves as a leading indicator for capital flows into altcoins like Pendle and Bittensor, supported by on-chain data and institutional demand for ETH ETFs attracting over $1.25 billion. The Monetary Authority of Singapore has implemented new licensing requirements for offshore crypto firms, effective June 30, potentially influenced by past issues with Three Arrows Capital and Terraform Labs, leading exchanges such as Bitget and Bybit to shut down operations. Geopolitical tensions from Israeli airstrikes on Iran have caused market volatility, with BTC prices declining to around $103.3K and ETH dropping to $2,694, while Quranium launched a quantum-safe wallet to address future cryptographic threats.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's (ETH) recent outperformance against Bitcoin (BTC) serves as a leading indicator for capital flows into altcoins, with ETH dominance rising to nearly 10% and coinciding with a 2-3 percentage point drop in BTC dominance, suggesting a shift towards sectors like DeFi and AI. Tam noted that institutional demand, including over $1.25 billion in spot ETH ETF inflows since mid-May, supports this trend, potentially fueling a sustained altcoin rally. Geopolitical tensions from Israel's attack on Iran caused BTC to fall 4.7% to $103.3K and ETH to $2,694, as per market data. Singapore's MAS now requires offshore crypto firms to be licensed by June 30, leading to closures like Bitget and Bybit, which may stem from regulatory lessons after issues with Three Arrows Capital and Terraform Labs, according to MAS updates.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance against Bitcoin, with ETH gaining nearly 40% over the past three months, serves as a leading indicator for capital flows into altcoins. ETH dominance has increased to nearly 10%, while BTC dominance fell, indicating a shift towards sectors like DeFi, modular infrastructure, and decentralized AI, as noted by Tam. Institutional interest remains strong, with over $1.25 billion inflows into ETH ETFs since mid-May, supporting sustained altcoin momentum. Concurrently, geopolitical tensions from Israeli airstrikes on Iranian nuclear facilities caused sharp price declines, with BTC down 4.7% to $103.3K and ETH to $2,694, according to market data. Additionally, the Monetary Authority of Singapore has mandated licensing for offshore crypto exchanges, a regulatory tightening potentially linked to past collapses of Three Arrows Capital and Terraform Labs, as confirmed in its June 6 update.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance increase to nearly 10% indicates capital shifting towards altcoins like DeFi and AI sectors, supported by over $1.25 billion in ETH ETF inflows. Bitcoin fell 4.7% to $103.3K following Israeli airstrikes on Iran, as reported by CoinDesk, while Singapore's MAS crackdown on offshore crypto firms, linked to 3AC and Terraform Labs failures, takes effect June 30.

According to CoinDesk Asia Morning Briefing, cryptocurrencies including BTC and ETH fell due to geopolitical uncertainty from Israel's attack on Iranian nuclear facilities, with BTC down 4.7% and ETH facing pressure. Despite this, ETH has surged nearly 40% over the last three months, outperforming BTC, signaling growing investor appetite for altcoins. Charmaine Tam of Hex Trust noted that ETH's dominance rise to nearly 10% indicates capital shifts to altcoins in sectors like DeFi and AI, supported by institutional inflows into spot ETH ETFs. Singapore MAS has mandated licensing for offshore crypto firms like Bitget and Bybit, a move potentially influenced by past collapses of Three Arrows Capital and Terraform Labs.

According to Charmaine Tam of Hex Trust, Ethereum's dominance has risen to nearly 10%, indicating capital shifts toward altcoins like DeFi and AI sectors, with institutional demand supporting ETH ETFs. Geopolitical tensions from Israeli airstrikes on Iran caused BTC to drop to $103.3K and ETH to $2,694, adding market uncertainty. MAS in Singapore announced new licensing requirements for offshore crypto firms starting June 30, potentially influenced by past collapses of Three Arrows Capital and Terraform Labs. Quranium launched a quantum-safe wallet using NIST-approved algorithms to address future threats.