According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance, with ETH dominance rising to nearly 10%, serves as a leading indicator for capital flows into altcoins like Pendle and Bittensor, supported by institutional inflows to spot ETH ETFs (Tam). BTC and ETH prices fell sharply due to geopolitical tensions from Israeli airstrikes on Iran, heightening market volatility (market data). Singapore's Monetary Authority (MAS) is requiring licenses for offshore crypto exchanges by June 30, a move potentially influenced by past failures of Three Arrows Capital and Terraform Labs, to eliminate regulatory arbitrage (MAS update). Quranium launched QSafe Wallet, featuring quantum-resistant encryption to protect assets like BTC and SOL from future threats, addressing accelerating quantum computing risks (Quranium).

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance rise to nearly 10% signals capital flows into altcoins like DeFi and AI sectors, supported by over $1.25 billion in institutional inflows into ETH ETFs since mid-May. Concurrently, BTC and ETH prices dropped due to geopolitical tensions from Israeli airstrikes on Iran, with BTC trading at $103.3K. Singapore's Monetary Authority mandated licensing for offshore crypto firms, a move potentially influenced by past incidents involving Three Arrows Capital and Terraform Labs, which were domiciled in Singapore but lacked oversight.

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.

According to @CCData_io, today's top stories in the crypto market include Three Arrows Capital liquidators seeking $1.3 billion from Terraform Labs, Marathon Digital announcing a $250 million private offering to acquire more Bitcoin, and KfW partnering with Boerse Stuttgart Digital for a blockchain-based digital bond.