According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's recent outperformance against Bitcoin, with ETH dominance rising to nearly 10% as BTC dominance fell 2-3 percentage points, serves as a leading indicator for capital flows into altcoins like DeFi and AI sectors. Tam noted that institutional inflows into spot ETH ETFs, exceeding $1.25 billion since mid-May, support this trend, with assets such as Pendle and Bittensor showing strong on-chain inflows. Amid geopolitical tensions from Israeli airstrikes on Iran, BTC dropped 4.7% to $103.3K and ETH fell to $2,694, though ETH remains up 40% over three months. Singapore's MAS has banned offshore crypto firms like Bitget and Bybit from operating without licenses starting June 30, a move potentially linked to past issues with Three Arrows Capital and Terraform Labs, which had minimal local presence despite Singapore domicile, as stated in MAS's June 6 update based on the 2022 Financial Services and Markets Act. Additionally, Quranium launched the QSafe quantum-safe wallet using NIST-approved algorithms to protect against future threats, supporting BTC, SOL, and EVM chains, as Dhiman from Quranium emphasized its proactive security design.