List of Flash News about Crypto Regulation Singapore
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2025-06-29 17:44 |
Unicoin's Altcoin Treasury Strategy, ETH/BTC Breakout Signals Alt-Season, and Singapore's Regulatory Shift: Crypto Market Analysis
According to @AltcoinGordon, crypto firm Unicoin is moving to acquire a 51% stake in Diamond Lake Minerals to launch an altcoin-focused treasury strategy, a move that proceeds despite Unicoin facing an SEC lawsuit for alleged securities fraud. In the broader market, geopolitical tensions have pushed prices down, with Bitcoin (BTC) falling 4.7% to $103,300, as stated in the source. However, Ethereum (ETH) is showing relative strength and outperforming Bitcoin, which some analysts see as a potential precursor to an altcoin rally. Charmaine Tam of Hex Trust noted that ETH's performance, supported by over $1.25 billion in spot ETH ETF inflows since mid-May, often serves as a leading indicator for capital rotating into the wider altcoin market, including DeFi and decentralized AI. Concurrently, Singapore's Monetary Authority (MAS) is tightening its regulatory grip, requiring digital token service providers like Bitget and Bybit that serve foreign clients to be licensed, a policy shift potentially influenced by the past collapses of Singapore-domiciled firms like Three Arrows Capital and Terraform Labs. |