According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance rising to nearly 10% indicates capital shifting from Bitcoin (BTC) to altcoins in DeFi and AI sectors, supported by institutional inflows including over $1.25 billion in spot ETH ETF demand and on-chain flows showing strength in assets like Pendle and Bittensor. Geopolitical tensions from Israel's attack on Iran have pressured BTC and ETH prices lower, as reported in market data. The Monetary Authority of Singapore (MAS) has enforced licensing for offshore crypto exchanges starting June 30, a regulatory move potentially influenced by past challenges with firms like Three Arrows Capital and Terraform Labs. Additionally, Quranium launched QSafe Wallet with quantum-resistant encryption based on NIST standards to counter emerging threats.