According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's (ETH) dominance surge to nearly 10% indicates capital shifting from Bitcoin (BTC) to altcoins like DeFi and AI sectors, supported by institutional inflows including over $1.25 billion into spot ETH ETFs since mid-May. Concurrently, cryptocurrencies face declines with BTC down 4.7% to $103.3K and ETH at $2,430 due to Israeli airstrikes on Iran escalating geopolitical risks. Singapore's Monetary Authority (MAS) has mandated licensing for offshore crypto firms effective June 30, a regulatory move potentially influenced by past failures like Three Arrows Capital and Terraform Labs, forcing exchanges such as Bitget and Bybit to exit the market. Quranium launched QSafe Wallet using NIST-approved algorithms like SLHDSA and ML-KEM to address quantum computing threats.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance increase to nearly 10% indicates capital shifting towards altcoins like DeFi and AI sectors, supported by over $1.25 billion in ETH ETF inflows. Bitcoin fell 4.7% to $103.3K following Israeli airstrikes on Iran, as reported by CoinDesk, while Singapore's MAS crackdown on offshore crypto firms, linked to 3AC and Terraform Labs failures, takes effect June 30.