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.