According to @KookCapitalLLC, the Solana-based meme coin Bonk (BONK) surged 9.87% to $0.00001494 following a procedural update for a proposed 2x leveraged BONK ETF from Tuttle Capital. The filing indicates July 16 is the earliest possible launch date, pending regulatory approval, which has rekindled significant trader interest. Technical analysis cited in the report shows BONK broke through resistance at $0.0000144, with current support seen around $0.0000142 amid high volatility. In other major protocol news, Polygon (MATIC) is undergoing a strategic overhaul as co-founder Sandeep Nailwal assumes the role of CEO of the Polygon Foundation. According to a press release, the team will now focus on its AggLayer cross-chain liquidity protocol and will retire the zkEVM rollup network, signaling a major pivot aimed at reclaiming a leadership position in the Web3 space.