Markets and projects across crypto showed contrasting momentum today: steady institutional flows into newly launched XRP spot ETFs, high-profile price targets for Ethereum and related tokens, growing protocol revenue on Arbitrum tied to licensing deals, and a DeFi closure on Sui after an oracle-linked security incident.
XRP spot ETFs record an 11th straight day of inflows
U.S. spot XRP exchange-traded funds registered their eleventh consecutive day of inflows, adding $14.38 million on Tuesday and bringing cumulative net inflows since launch to about $1.68 billion, according to data from SoSoValue. Institutional holdings also shifted: Goldman Sachs was reported as the largest institutional holder of XRP ETFs at the end of Q2 with $87.4 million of exposure, an increase of roughly $83 million from the prior quarter. Jane Street and Millennium followed as other notable institutional holders. XRP was trading near $1.33, below its late‑August high.
Bold price targets from Arthur Hayes for 2026
Arthur Hayes, co‑founder of BitMEX and chief investment officer at family office Maelstrom, published a newsletter on September 3 setting forward-looking price targets for several crypto assets by the end of 2026. He set a $10,000 target for Ethereum, along with targets of $0.50 for Ethena (ENA) and $2 for Ether.fi (ETHFI). Hayes tied these targets to his view of faster liquidity expansion by the U.S. Federal Reserve and discussed the euro‑yen pair; he left his position on Bitcoin unchanged. The newsletter did not provide a formal valuation model to support the targets.
Arbitrum DAO posts revenue gains and large non‑ARB treasury
The Arbitrum DAO reported $6.19 million in revenue for the first half of 2026, generated from four sources and with gross margins above 97%, according to an Arbitrum Foundation report. Licensing fees from Robinhood Chain, which launched in July, accounted for 35% of the DAO’s revenue in that month. On Sept. 1 the network recorded a one‑day fee total of $3.75 million, surpassing fees on Ethereum mainnet and Base for that day. The DAO held $125 million in non‑ARB treasury assets at the end of June.
Full Sail protocol on Sui permanently shuts down after oracle incident
DeFi protocol Full Sail, built on the Sui blockchain, announced it will permanently shut down following a security incident linked to oracle provider Switchboard. Switchboard suspended its network across multiple chains, Aptos, Sui, IOTA and Movement, citing a potential compromise. An attacker removed about $91,000 from three of Full Sail’s automated vaults. Separately, Virtue on IOTA reported losses of roughly $455,000 tied to the same oracle disruption. Full Sail said it will use remaining liquidity to compensate users and that the team will cover any shortfall.
Why the oracle issue matters
Oracles provide off‑chain data feeds that many decentralized finance (DeFi) protocols rely on for price information and other inputs. When an oracle is compromised, it can lead to incorrect data being delivered to smart contracts and trigger losses or exploit paths. The Full Sail closure underscores the systemic risk that oracle infrastructure can pose to protocols across multiple blockchains.
The day in brief
Today’s developments highlighted continued institutional engagement with XRP through spot ETFs, high‑profile speculative price targets for Ethereum and related tokens, growing fee revenue and treasury diversification for Arbitrum, and the fragility of DeFi when oracle providers face outages or compromises. Together, these stories reflect both the capital flows shaping markets and the operational risks that remain central to decentralized finance.
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