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.

According to CoinDesk Asia Morning Briefing, cryptocurrencies including BTC and ETH fell due to geopolitical uncertainty from Israel's attack on Iranian nuclear facilities, with BTC down 4.7% and ETH facing pressure. Despite this, ETH has surged nearly 40% over the last three months, outperforming BTC, signaling growing investor appetite for altcoins. Charmaine Tam of Hex Trust noted that ETH's dominance rise to nearly 10% indicates capital shifts to altcoins in sectors like DeFi and AI, supported by institutional inflows into spot ETH ETFs. Singapore MAS has mandated licensing for offshore crypto firms like Bitget and Bybit, a move potentially influenced by past collapses of Three Arrows Capital and Terraform Labs.

According to Charmaine Tam of Hex Trust, Ethereum's dominance has risen to nearly 10%, indicating capital shifts toward altcoins like DeFi and AI sectors, with institutional demand supporting ETH ETFs. Geopolitical tensions from Israeli airstrikes on Iran caused BTC to drop to $103.3K and ETH to $2,694, adding market uncertainty. MAS in Singapore announced new licensing requirements for offshore crypto firms starting June 30, potentially influenced by past collapses of Three Arrows Capital and Terraform Labs. Quranium launched a quantum-safe wallet using NIST-approved algorithms to address future threats.