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CoinWorld News: The commander-in-chief of Iran's Revolutionary Guard Corps appeared in Tehran. On the eve of the funeral for the late Supreme Leader Ali Khamenei, Ahmad Vahidi, the commander-in-chief of Iran's Islamic Revolutionary Guard Corps who was once rumored to have been killed in an attack, appeared in the capital Tehran on the evening of the 2nd.
Photos released by the office of Iran's Supreme Leader show that at a small religious ceremony held in a mourning hall next to Khamenei's residence in central Tehran, Vahidi sat beside Khamenei's coffin. In front of the coffin were red tulips, and paper butterflies hung above it. The Associated Press reported that Vahidi last appeared in public on February 8, a few weeks before the outbreak of the war in Iran.
Vahidi was born in 1958. After the victory of the 1979 Iranian Islamic Revolution, he joined the Revolutionary Guard Corps and became the first commander of the Quds Force.

Bitcoin Miners Continue to Hold Back Distribution as Puell Multiple Revisits Historical Accumulation Zone
The latest reading of the Puell Multiple has declined to around 0.6, placing the indicator back inside a zone that has historically coincided with periods of miner revenue compression. From an on-chain perspective, this reflects that miners are earning significantly less in USD relative to the annual average, reducing the incentive to aggressively distribute newly mined BTC into the market.
Looking across previous cycles, every major drop of the Puell Multiple below 0.5–0.6 has appeared during phases of market stress or prolonged consolidation. While these signals have not identified the exact bottom, they have consistently marked periods where selling pressure from miners became structurally weaker. The current reading follows the same pattern, suggesting that miner-driven supply is becoming increasingly constrained despite recent price weakness.
This dynamic becomes more meaningful when viewed alongside Bitcoin post-halving supply structure. Following the 2024 halving, daily issuance has already been cut in half, meaning any further reduction in miner selling amplifies the ongoing supply contraction. If spot demand remains stable or strengthens through ETF inflows and institutional allocation the market could gradually transition from a distribution-driven environment toward one characterized by tightening available supply.
The Puell Multiple should not be interpreted as a standalone buy signal. Instead, it serves as a valuable macro on-chain indicator that measures the economic condition of Bitcoin miners. At current levels, it indicates that miner capitulation risk is increasing while structural sell-side pressure continues to fade. Historically, these conditions have often developed before stronger medium- to long-term price expansions, making the coming weeks particularly important for confirming whether Bitcoin is entering another supply-driven accumulation phase.

The MiCA licensing system is fully implemented, and the EU crypto industry has entered a new phase of reshuffling. France's AMF estimates that about 40% of registered crypto service providers have not applied for licenses, with some withdrawing, seeking partners, or ceasing operations. Currently, the EU has issued approximately 230 MiCA licenses, with 56 in Germany, 26 in the Netherlands, and 21 in France. France, aiming to become a European hub by being a regulatory first-mover, has ultimately been overtaken by jurisdictions with faster, clearer rules. Industry insiders say MiCA enhances resilience but reduces market diversity, with the impact being particularly pronounced on small enterprises.

Wu Shuo learned that Ethereum founder Vitalik Buterin posted that the Ethereum Foundation (EF) will cut its budget by about 40% this year, shifting from an average annual expenditure of about 15% of remaining funds before 2026 to a long-term donation-based organization, aiming to reduce annual spending to about 5% after 2030. Vitalik stated that EF will not lower the goals of the Ethereum protocol but will make several trade-offs, including shifting more from a "redundant" to a "specialized" multi-client model, exploring AI-assisted formal verification, gradually winding down PSE as an independent unit, and that Devcon may become smaller and more budget-conscious in the future. EF's organizational work will also be scaled back.

CryptoWorld News reports that Wu has learned, according to an official post by Lido, that based on the results of the Lido DAO snapshot vote, Lido has revoked the official recognized status of the wsteth bridge endpoints on nine networks, namely zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon POS, and Lisk. Lido said that this decision is a governance-level resource adjustment; it will not disable bridge contracts, will not invalidate tokens, and will not affect users’ ability to continue holding, transferring, or bridging wsteth back to Ethereum. Lido will subsequently stop active monitoring of wsteth on the aforementioned networks, along with market support and ecosystem development.

CoinWorld News reports that the U.S. Department of Justice has seized approximately $9 million worth of USDT assets related to a pig-butchering crypto scam network, which affected over 70 victims within the United States and illegally transferred millions of dollars.

CryptoWorld News reports that on the evening of June 11 local time, the Iranian Ministry of Defense issued a statement saying that Iran's defense industry personnel will continue to fully support the Iranian armed forces and enhance deterrence. Currently, the combat readiness, operational capability, and defensive strength of Iran's armed forces are stronger than ever before. Any misjudgment or attack targeting Iran's national security and territorial integrity will be met with a resolute counterattack, and the consequences will far exceed the enemy's expectations.

Curve Finance launches LlamaLend V2 on Optimism, adding isolated lending markets and non-CRVUSD lending pairs, with the first phase upgrade already initiated, and potentially launching on Ethereum mainnet within the year.
V2 removes V1 restrictions, allowing markets to be created on both sides of lending pairs, subject to governance approval.
Provides ETH-WSTETH, WSTETH-USDC, and WBTC-USDC markets, with an initial borrowing limit of zero.
Introduces LP collateral, depositing Curve LP tokens to earn trading fees.

SpaceX faces a frenzy of buying, but the AI industry chain is beginning to "bubble burst"?
In the past 24 hours, a very interesting phenomenon has appeared in the U.S. stock market:
On one side, SpaceX's IPO continues to ignite global capital enthusiasm. According to the latest news from Reuters, demand for SpaceX's IPO subscription has exceeded $250 billion, about four times the fundraising scale of $75 billion, making it one of the most watched tech IPOs in recent years. The market generally expects its valuation to approach $1.77 trillion, and the subscription enthusiasm is still heating up.
But on the other side, the AI industry chain has encountered a sudden valuation correction.
SemiAnalysis's latest research report points out that the commercialization progress of Co-Packaged Optics (CPO), which the market previously placed high hopes on, may be delayed, and the upgrade pace of some AI data center power architectures is also below expectations. After the news broke, the optical module and AI network infrastructure sectors experienced collective sell-offs. Companies like AAOI, Marvell, Coherent, and others saw declines of over 10% during trading, and AI concept stocks like AMD also came under pressure.
From a trader’s perspective, this actually reflects the most authentic state of the current AI market:
Capital is still crazily chasing the top-tier AI narratives.
Super unicorns like SpaceX, OpenAI, Anthropic are still the core targets of capital pursuit, with many institutions willing to prepay for the imagination space of the next ten years. The subscription scale for SpaceX has risen from about $150 billion a few days ago to over $250 billion, which is the most direct proof.
But for the secondary market, the story is no longer enough.
The market is beginning to reassess the actual landing speed of the AI industry chain, order fulfillment capability, and future profit cycles. If commercialization progress falls below expectations, valuation corrections will come very quickly.
In simple terms:
The primary market is crazily pricing for the "future";
The secondary market is starting to reprice the "reality."
For crypto investors, this situation is actually not unfamiliar. Just like in past bull markets, BTC and leading assets kept hitting new highs, but many concept coins had already entered the value reversion stage.
The AI track may be experiencing the same process.
Truly barrier-rich, cash-flowing, industry-leading companies are still attracting global capital, while those segments of the industry chain driven by expectations are undergoing the market’s harshest test.
In the coming months, the differentiation within the AI sector may only become more obvious. #Gate直通IPO认购SpaceX #SpaceX认购规模超2500亿美元 @Gate 广场

OFAC sanctions the largest Iranian cryptocurrency exchanges Nobitex and Wallex, Bitpin, Ramzinex, explicitly naming Nobitex Chairman Rad and CEO Khoee. It states that Nobitex accounted for over 50% of Iran's crypto asset inflows in 2025, supporting IRGC and sanctions evasion, and helping the central bank acquire stablecoins; Wallex accounts for about 12%, Bitpin about 10%, and Ramzinex has cumulative transactions exceeding $245 million. The U.S. states it will continue to combat terrorist financing and sanctions evasion through digital assets and reserves the right to impose secondary sanctions.

CryptoWorld News reports that CME, in its first 24/7 crypto trading weekend, traded over 7,200 crypto futures and options contracts, with a total value of approximately $50 million.

Tether AI announces the open source of the production version of TurboQuant and its integration into QVAC SDK 0.12.0. TurboQuant is based on Google Research's memory compression algorithm, allowing AI runtime KV cache to be compressed up to 5 times, with output quality close to uncompressed. This technology enables laptops, smartphones, and edge devices to handle longer conversations and larger files without cloud support. The release includes a complete quantization pipeline, inference framework adapters, and development documentation, targeting consumer-grade hardware, edge devices, and developers and startups on peer-to-peer networks.

CoinWorld News reports that Su Weijie, the winner of the Kapus President Award, announced on the social platform X (formerly Twitter) on May 30, 2026, that he officially joined OpenAI during his leave from the Wharton School to participate in AI model training. At the same time, he has officially been promoted to a full professor in the Department of Statistics and Data Science at the Wharton School of the University of Pennsylvania. Su Weijie has made outstanding contributions in the fields of statistics, machine learning optimization, and the theoretical safety of large language models. In 2026, he received the Kapus Association President Award, which is one of the highest honors in the international statistics community.