According to Charmaine Tam, Head of OTC at Hex Trust, ETH's outperformance with nearly 40% gains over three months signals capital shifting to altcoins like DeFi and AI sectors, amid Israeli airstrikes causing BTC to drop 4.7%. Tam notes ETH dominance rising to 10% while BTC dominance falls, indicating institutional demand via spot ETH ETFs attracted $1.25 billion since mid-May. Concurrently, Singapore's MAS banned offshore crypto exchanges such as Bitget and Bybit, a regulatory move analysts link to reputational damage from Three Arrows Capital and Terraform Labs collapses. Quranium launched QSafe Wallet with quantum-resistant encryption to counter emerging threats, as cryptography researchers warn current standards are vulnerable.

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.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's ETH recent 40% gain over three months and rising dominance indicate capital shifting towards altcoins, serving as a leading indicator for sectors like DeFi and decentralized AI, with institutional inflows supporting this trend. Geopolitical tensions from Israeli airstrikes on Iran have caused BTC and ETH prices to decline, adding market volatility. Singapore's Monetary Authority of Singapore MAS has enforced new regulations requiring offshore crypto firms to obtain licenses by June 30, a move potentially influenced by the collapses of Three Arrows Capital and Terraform Labs, leading exchanges such as Bitget and Bybit to cease operations. Quranium launched the QSafe wallet with quantum-resistant encryption to address future security threats for assets like BTC and Solana SOL.