According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum (ETH) serves as a leading indicator for altcoin capital flows, with ETH dominance rising to nearly 10% while BTC dominance fell 2-3 percentage points, signaling a trader shift towards DeFi and AI sectors, supported by institutional demand for ETH ETFs attracting over $1.25 billion since mid-May. Geopolitical tensions from Israeli airstrikes on Iran caused BTC to drop 4.7% to $103.3K and ETH to $2,694, despite ETH's 40% gain over three months per CoinMarketCap. Singapore's MAS has mandated licensing for offshore crypto firms like Bitget and Bybit by June 30, potentially linked to past issues with Three Arrows Capital and Terraform Labs as reported by CoinDesk.

According to Charmaine Tam, Head of OTC at Hex Trust, ETH's recent surge in dominance to nearly 10% signals capital flows into altcoins like DeFi and AI sectors, despite market dips from Israeli attacks on Iran causing BTC to fall 4.7% and ETH to drop sharply. Singapore's MAS has tightened regulations on offshore crypto firms such as Bitget and Bybit, potentially influenced by the collapses of Three Arrows Capital and Terraform Labs, CoinDesk reports.