Singapore Crypto hardens: 3ac and Terra's shadow?- Market movements
As of June 30, the Singapore Monetary Authority imposed a direct license obligation to offshore crypto companies. Companies such as Bybit and Bitget are withdrawn from the country. This step of MAS came after 3ac and Terraform Labs events, which were based only on paper in the past but caused billions of dollars of damage.
🇸🇬 MAS closed the door to offshore crypto companies: 3ac and Terra’s traces
Singapore Central Bank (MAS) has announced that the game is over for the crypto companies that serve abroad but seem to Singapore. According to the new regulation published on June 6, digital asset providers that serve only foreign customers have to have a direct MAS license as of June 30th.
This step is the response to many companies that have been pushing regulation limits for the last few years to use Singapore as “base on paper”. In particular, Three Arrows Capital and Terraform Labs are shown as an example of the abuse of such a structure.
📉 What happened?
Although the 3 -in -central appearance was in Singapore, he shifted his real operations to Dubai.
Terraform Labs was a structure that uses only virtual office in Singapore but carried out all its operations overseas.
The collapse of both companies damaged the reputation of this “paper -centrality” approach, which was not directly under the control of MAS.
Mas now moves to the principle of ız We look at the activity, not the address ”.
The new arrangement caused exchanges such as Bitget, Bybit and Wazirx to stop Singapore operations. This decision is a harsh message not only for Singapore, but also for the global regulation climate.
🪙 Ethereum passed in front of Bitcoin: New wave defi, AI and Layer-2
ETH has gained close to 40 %in the last three months, leaving Coindesk 20 Index and BTC behind. This is not only a technical rally; It also points to a new orientation on the market.
🧠 Why does ETH rise?
Corporate investor interest has been directed to ETH through Spot ETFs (since mid -May).
ETH Dominance increased from 7 %to 10 %, while BTC dominance fell 2-3 points.
The new generation of coins, Pendle, Bittensor and Hyperliquid, the capital flow has accelerated.
Defi, modular chains and decentralized artificial intelligence (AI) themed projects are more interested.
Hex Trust OTC Director Charmaine is complete:
“ETH, usually becomes an early signal of the capital flowing to the Altcoin market. When investors begin to go out of BTC, these signals become apparent.”
🪙 First Step against Quantum Threat: Qsafe Wallet introduced
Quranium launched Qsafe Wallet, which was developed to protect against future threats of quantum computers. This wallet developed against the future prediction that ECDSA and SHA-256 can be broken in the future, uses post-kuantum encryption algorithms (SLHDSA and ML-KEM).
Supported chains: Bitcoin, solana, home chains and Quranium
Feature: All operations are protected by quantum resistant signing by default.
Comment: “The security is not taken after stolen, it is established in advance.” - Founding Dhiman
📉 Market Movements - 13 June 2025
Bitcoin (BTC): $ 103.300, 4.7 %decrease in the last 24 hours
Ethereum (ETH): $ 2.521, despite ETF entrances
Gold: $ 3.426, 3 %increase, geopolitical voltage and Fed interest rate reduction increased with expectation
Nikkei 225: 1.28 %decrease, Middle East Blood Pressure shook the Asian stock exchanges
S&P 500: 0.38 %increase, oracle shares increased 13 %and brought technology shares up
