BONK Goes Up, Bitcoin Open Interest Hits a High!

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Institutions are also gobbling up about 12.5 times more Bitcoin than the network can supply due to the surging demand for Bitcoin ETF. This conflux of positive fundamentals has opened the floodgates, allowing Bitcoin to surge over 15% in the last week alone. But enough price talk - we're here to catch you up on this week's top crypto news stories. Here's a quick TLDR: • BONK token pumps 15% on a potential Revolut partnership 🤝 • StarkNet airdropping $STRK tokens to 1.3 million people 🪂 • Bitcoin futures open interest hits all-time high ⬆️ • $1.3B GBTC liquidation approved for Genesis bankruptcy 💸 • Citi and Ava Labs demo fractionalized private asset tokens 🏦 Now let's dive deeper into those stories!   BONK Goes Up This week Solana meme darling BONK bounced nearly 15% on the news of a potential partnership with the European money app giant Revolut. While BonkDAO hasn’t approved the campaign details yet, estimations suggest up to $1.2 million awaits if half a million people register to learn about BONK. Considering Revolut boasts almost 40 million users spanning 50 entire countries, that influx could seriously pump the token’s profile beyond its rabid fanbase. Do we have any confirmation from Revolut about this partnership yet? [Read the full story](~/AAQRxQA~/RgRnsHmEP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYm9uay1zdXJnZXMtMTNwZXJjZW50LWZvbGxvd2luZy1wb3RlbnRpYWwtcmV2b2x1dC1sZWFybi1hbmQtZWFybi1kZWFsP2xpZD1qNmkxNGU4MDZqbXRXA3NwY0IKZcOE9M1ljshH_FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Another Airdrop Is Coming! StarkNet is airdropping STRK tokens to over 1.3 million people starting Monday. The goal is to reward those who have helped the team build StarkNet so far and to get more people excited. But even regular Ethereum fans can claim a cut. So beyond the inevitable pump, the effort aims at something bigger - bridging more talent into Web3's future. How can you claim it? And are they planning on more airdrops? [Read the full story](~/AAQRxQA~/RgRnsHmEP0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhcmtuZXQtZm91bmRhdGlvbi1hbm5vdW5jZXMtc3Ryay1haXJkcm9wLW92ZXItMTNtLXdhbGxldHMtZWxpZ2libGU_bGlkPXp4MHc0eDJsNWZzNlcDc3BjQgplw4T0zWWOyEf8Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [The Modular DePIN Infrastructure: A Comprehensive Overview](~/AAQRxQA~/RgRnsHmEP0R0aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhlLW1vZHVsYXItZGVwaW4taW5mcmFzdHJ1Y3R1cmUtYS1jb21wcmVoZW5zaXZlLW92ZXJ2aWV3P2xpZD1xODg3cmV0cmxqOW5XA3NwY0IKZcOE9M1ljshH_FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) CoinMarketCap and IoTex dive into Decentralized Physical Infrastructure Networks (DePIN) and the technology stack of modular layers that compose the DePIN ecosystem. [Click Here For More](~/AAQRxQA~/RgRnsHmEP0R0aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhlLW1vZHVsYXItZGVwaW4taW5mcmFzdHJ1Y3R1cmUtYS1jb21wcmVoZW5zaXZlLW92ZXJ2aWV3P2xpZD15ZWdmbnlwMDRyejRXA3NwY0IKZcOE9M1ljshH_FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Bitcoin OI Hits ATH! A lot of traders are jumping into the crypto futures to take advantage of the highly-anticipated Bitcoin bull run. Data shows that the stampede of speculative bets tied to Bitcoin's price has exploded to its highest level since crypto's peak in late 2021. Experts caution things could get messy fast if optimism vanishes. While moderate for now, excessive speculative futures positions often fuel violent moves when the market shifts. So will this renewed optimism fuel Bitcoin’s price more? [Read the full story](~/AAQRxQA~/RgRnsHmEP0SSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1mdXR1cmVzLW9wZW4taW50ZXJlc3QtaGl0cy1oaWdocy1vZi1ub3ZlbWJlci0yMDIxLWFzLWJ0Yy1zdXJnZS1wYXN0LWRvbGxhcjUyMDAwP2xpZD1oYjVpdjBnejQwY2tXA3NwY0IKZcOE9M1ljshH_FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   $1.3B GBTC Liquidation A New York judge handed bankrupt crypto firm Genesis a major victory this week - approving plans to liquidate roughly $1.3 billion worth of GBTC to repay creditors. The ruling provides desperately needed ventilation for Genesis's restructuring after the firm spiraled into bankruptcy. But wouldn’t this amount of liquidation cause a supply shock in the Bitcoin ETF market and a subsequent drop in Bitcoin’s price? [Read the full story](~/AAQRxQA~/RgRnsHmEP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmFua3J1cHRjeS1qdWRnZS1hbGxvd3MtZ2VuZXNpcy10by1saXF1aWRhdGUtZG9sbGFyMTNiLXdvcnRoLW9mLWdidGMtc3RvY2s_bGlkPXV3MDBwZDlpaDhqZ1cDc3BjQgplw4T0zWWOyEf8Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [[ratio] Â](~/AAQRxQA~/RgRnsHmEP0QraHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj00QWhWclg2M0h5d1cDc3BjQgplw4T0zWWOyEf8Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) How To Stay Safe with Crypto! You NEED To Know This! [WATCH NOW](~/AAQRxQA~/RgRnsHmEP0Q8aHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj00QWhWclg2M0h5dyZsaWQ9Z3NieDduZm0yYWFvVwNzcGNCCmXDhPTNZY7IR_xSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Ava Labs Scores a Big Partnership! Citi just flipped on a bright blockchain spotlight! This week, it concluded a successful prototype showing how crypto automation can revolutionize exclusive asset classes long overdue for disruption. By fractionalizing and streaming real-time data on private funds via tokenized smart contracts, Citi cracks open the potential for transparency at scale in these members-only chambers. Of course, myriad roadblocks around regulation, security and infrastructure remain before the technology unlocks dormant trillions. Want to understand how it helps crypto and what part Ava Labs played in this innovation? [Read the full story](~/AAQRxQA~/RgRnsHmEP0SXaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2l0aS1wYXJ0bmVycy13aXRoLWF2YS1sYWJzLXRvLWNvbXBsZXRlLXByb29mLW9mLWNvbmNlcHQtZm9yLXRva2VuaXppbmctcHJpdmF0ZS1lcXVpdHktZnVuZHM_bGlkPXhidGd5cmZ0bHZqeVcDc3BjQgplw4T0zWWOyEf8Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   That wraps up today’s top crypto news! We'll see you tomorrow with fresh stories and insights. 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