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Time Details
2025-06-13
01:47
ETH Outperforms BTC as Altcoin Rally Signal Amid Geopolitical Risks and Singapore Crypto Crackdown

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's (ETH) recent outperformance, with dominance rising to nearly 10% while Bitcoin's (BTC) fell 2-3 percentage points, signals a capital shift to altcoins in emerging sectors like DeFi and AI, supported by over $1.25 billion in spot ETH ETF inflows since mid-May. Geopolitical tensions from Israel's airstrike on Iran caused BTC to drop 4.7% to $103,300 and ETH to $2,694, as per market data. Simultaneously, the Monetary Authority of Singapore (MAS) now requires offshore crypto firms to be licensed by June 30, leading exchanges like Bitget and Bybit to cease operations, a move potentially linked to past failures of Three Arrows Capital and Terraform Labs. Quranium also launched QSafe Wallet, a quantum-resistant solution using NIST-approved algorithms, to address future security threats.

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