According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's (ETH) recent outperformance against Bitcoin (BTC) serves as a leading indicator for capital flows into altcoins, with ETH dominance rising to nearly 10% while BTC dominance falls, signaling a trader shift towards DeFi and decentralized AI sectors. Tam stated that institutional inflows, including over $1.25 billion into ETH ETFs since mid-May, support this trend. Concurrently, geopolitical tensions from Israeli airstrikes on Iran caused BTC to drop 4.7% to $103.3K and ETH to decline sharply. Singapore's Monetary Authority (MAS) has enforced new licensing requirements for offshore crypto firms starting June 30, potentially influenced by past failures of Three Arrows Capital and Terraform Labs, leading exchanges like Bitget and Bybit to shut down operations. Additionally, Quranium launched QSafe Wallet, a quantum-resistant solution for digital assets using NIST-approved algorithms, to preempt future threats.

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.