Weekly Progress Report on Mainstream Projects | October 12–18

This article summarizes in the fewest words the important developments of the top projects by crypto market capitalization over the past week (October 12–18, 2026), focusing on new products, abnormal data in existing businesses, core management changes, financing, and unconventional burns. Sorted by market capitalization.

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 will shut down its mining pool and cloud mining on November 10, scaling back 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 on October 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 chain, a well-known Korean public chain focused on IP licensing; its founder has since left, and this year it pivoted to AI training data registration). 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]: Launched an unaudited YOLO beta with up to 1,000x leverage.

Filecoin

[Tokenomics] 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 unallocated portion will be burned.

PancakeSwap

[Tokenomics] 10-14: The proposal is called "The Flip," daily issuance drops from 22,500 to 7,000 tokens, about a 69% decrease, LP share rises to 88%, still under discussion.

Aptos

[Tokenomics]: The four-year unlock period for Aptos team and investor tokens has ended, and all have been fully released.

Celestia

[New Product]: Celestia launched 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 trading experiments.

Starknet

[Technical Roadmap]: Initiated a non-binding 7-day Snapshot vote (ending 10-22) to discuss whether to research breaking away from 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 co-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 have not been disclosed.

Due to space constraints, this article only provides informational leads and cannot fully present the background, conditions, and risks of each development. Please refer to the original announcements for details. This does not constitute investment advice.

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