According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance rising to nearly 10% while Bitcoin's fell suggests capital shifts into altcoins like DeFi and AI sectors, with ETH up 40% over three months per CoinMarketCap data. This occurs as cryptocurrencies decline due to geopolitical risks from Israeli airstrikes, with BTC down 4.7% and ETH under pressure at $2,694. Singapore's MAS has enforced full licensing for offshore crypto firms, a move potentially influenced by past failures of Three Arrows Capital and Terraform Labs as stated in MAS updates, leading exchanges like Bitget and Bybit to shut down. Quranium launched QSafe, a quantum-resistant wallet using NIST algorithms for BTC and SOL support, to preempt future threats, as per Dhiman.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance against bitcoin, with ETH dominance rising to nearly 10% while BTC dominance fell by 2-3 percentage points, indicates capital is shifting towards altcoins like DeFi and AI sectors, supported by on-chain flows into assets such as Pendle and Bittensor and institutional demand for spot ETH ETFs attracting over $1.25 billion since mid-May. Geopolitical tensions from Israel's attack on Iran caused BTC and ETH prices to plunge, as reported in market data. Singapore's Monetary Authority of Singapore (MAS) has enforced new licensing requirements for offshore crypto firms, a move linked to the collapses of Three Arrows Capital and Terraform Labs due to minimal oversight, according to MAS regulatory updates.