This article summarizes in the fewest words the important developments of the top projects by market cap in the crypto market over the past week, covering new products, abnormal data on existing businesses, core management changes, financing, and unconventional burns, with projects sorted by market cap.
Ethereum
[Institutional Holdings]: BitMine holds approximately 6.03 million ETH, about 4.9% of total supply, and the company says it has "basically completed" purchases.
Binance
[Team/Business]: Binance shut down its mining pool and cloud mining on 11-10, contracting non-core businesses.
XRP
[Partnerships]: Ripple signed four institutions. Cross River Bank integrated RLUSD (Ripple's USD stablecoin) into its core banking system; DriveWealth uses RLUSD for settlement in Europe; Meritz Securities became Ripple's first brokerage client in South Korea; Privy provides embedded wallets for XRPL.
[New Product]: Ripple Prime launched 24/7 RWA perpetual contracts for institutions, with RLUSD usable as margin.
Hyperliquid
[Listing]: Hyperliquid listed pre-market perpetual contracts for PAPER (the token of Papertrade; Papertrade is a third-party perpetual trading platform on HyperEVM with leverage up to 1000x, launched 10-10), with maximum 3x leverage, deployed by third party Paragon via HIP-3.
Sui
[Financing & M&A]: Sui Foundation invested $30 million in DATA Network (formerly Story, a well-known Korean public chain focused on IP licensing, whose founder has left, and which pivoted this year to AI training data registration), and DATA will shut down its own chain and migrate to Sui.
Polygon
[Financing & M&A]: Completed the acquisition of Coinme, obtaining payment licenses covering 37 U.S. states, becoming a licensed payment company able to directly handle fiat on/off-ramps.
Jupiter
[New Product]: Unaudited YOLO beta launched, with leverage up to 1,000x.
Filecoin
[Tokenomics] Oct 10-15: Genesis vesting ends, daily new circulating supply drops by about 75%. After the Solstice upgrade activates next week, block rewards will shift to service providers that bring paid storage, and the portion not received will be burned.
PancakeSwap
[Tokenomics] Oct 14: The proposal called "The Flip" would cut daily issuance from 22,500 to 7,000 tokens, a drop of about 69%, and raise the LP share to 88%; still under discussion.
Aptos
[Tokenomics]: The four-year unlock period for Aptos team and investor tokens has ended, and all have been released.
Celestia
[New Product]: Celestia launches Eden, an EVM chain that uses TIA for gas fees and stores data on Celestia (an Ethereum-compatible chain), serving as a sandbox for AI agent transaction experiments.
Starknet
[Technical Roadmap]: A non-binding 7-day Snapshot vote was initiated (ending Oct 22) to discuss whether to study leaving Ethereum and transitioning to an independent quantum-resistant L1.
Derive
[Tokenomics]: The share of protocol fees allocated to buybacks rises from 35% to 50%.
Plasma
[Partnership]: Stripe and Plasma are jointly developing a multi-currency stablecoin card, with Plasma serving as design partner; Stripe's related infrastructure already covers more than 30 countries, and the specific launch schedule and fee rates for the new product were not disclosed.
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