Bitcoin ETFs Record $987 Million in Weekly Inflows
Spot Bitcoin exchange-traded funds (ETFs) witnessed a significant surge in investor interest, recording $987 million in net inflows over the past week, according to data from SoSoValue. Leading the charge was BlackRock’s IBIT, which attracted a substantial $692 million in weekly net inflows. ARK 21Shares’ ARKB followed with $138 million, while Grayscale’s GBTC experienced outflows of approximately $47.99 million.
The total net asset value of spot Bitcoin ETFs now stands at $101.25 billion, with the ETF net asset ratio reaching 6.33%. Cumulative historical net inflows have hit $55.62 billion, reflecting sustained institutional adoption of Bitcoin as an asset class.
XRP Futures Hit Six-Month High Amid Institutional Interest
In the XRP market, futures trading volume surged to a six-month high, according to CryptoQuant. This uptick coincides with aggressive accumulation by whales, while Binance remains the dominant liquidity hub for XRP futures, maintaining a wide lead in trading volume ahead of the upcoming Senate vote on September 15.
The futures boom aligns with growing institutional participation in the US, where spot XRP ETFs recorded net inflows of $18.96 million. This has pushed the combined assets under management (AUM) of these funds to $1.48 billion, signaling renewed confidence in XRP’s long-term prospects.
Liquid Network Exploited: 4,000 BTC Drained
A security breach on the Liquid Network, a Bitcoin sidechain developed by Blockstream, resulted in the loss of approximately 4,000 BTC, valued at around $320 million. Liquid is widely used by exchanges and trading platforms for fast and confidential transfers of Bitcoin.
Preliminary investigations suggest that the attackers did not steal a private key. Instead, a flaw in the Elements node—the software powering the sidechain—is suspected. Notably, a patch addressing the vulnerability was committed by a Blockstream developer on August 3, 2026, but it was only merged into the release branch after the incident. This raises questions about the project’s update and security protocols.
Pi Network’s Protocol 27: A Milestone Upgrade
Pi Network is gearing up for a significant upgrade with Protocol 27, which introduces smart contract authentication, an automated market maker (AMM) DEX, and RPC server infrastructure. This upgrade is crucial for the network, which boasts 14 million migrated users.
The mainnet activation is scheduled for September 15, marking a pivotal test for Pi Network’s ability to deliver real-world utility after seven years of mobile mining. The Pi Core Team has described Protocol 27 as the “final planned” protocol change in the current development sequence.
Arthur Hayes Expands UNI Holdings
Arthur Hayes, co-founder of BitMEX, has increased his Uniswap (UNI) holdings to over $2 million. According to Etherscan, a wallet labeled “Arthur Hayes 4” now holds 284,102 UNI, accumulated through purchases on Sunday and Monday. The wallet also contains approximately 8,013 ETH.
Hayes reportedly sourced the funds from over-the-counter (OTC) deals with Galaxy Digital, Cumberland, and FalconX, avoiding open market impact. In a post on X, he wrote, “Time to run it back turbo,” and humorously called UNI his “favourite type of sushi.”
Conclusion
This week’s crypto market highlights include robust Bitcoin ETF inflows, XRP’s resurgence, a significant security breach on the Liquid Network, and notable whale activity. As the market evolves, these developments underscore the dynamic nature of the cryptocurrency ecosystem and the importance of staying informed.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
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