Gate Research: ARW Surges 136% as CFTC and New York State Clash Over Prediction Market Jurisdiction

• Stock Market Commentary: U.S. equities broadly declined amid concerns over oil prices and inflation, with energy and defensive sectors relatively outperforming while technology and growth stocks came under pressure. Hong Kong’s broader market and technology stocks weakened notably, with southbound flows turning to net selling; South Korean equities rebounded on gains in heavyweight semiconductor stocks, while battery and auto shares remained weak.
• Crypto Market Commentary: With risk assets under pressure and incremental buying remaining cautious ahead of the CPI release, BTC traded lower, falling 0.45% over the past 24 hours. ETH edged higher by 0.40% over the same period, supported by relatively stronger spot demand amid divergent performance across major cryptocurrencies.
• Trending Tokens: ARW, BXN, and VELVET surged 136.35%, 36.82%, and 34.54%, respectively, driven by low-liquidity breakouts and renewed narratives around on-chain asset management and DeFi strategy infrastructure.
• Alpha Insights: Morph Network announced the launch of Morph Payments, providing stablecoin payment and collection services for global enterprises. The CFTC invoked emergency authority to require prediction market platform Kalshi to continue operating in New York. Oraichain has paused its network since August 9 following a vulnerability in its EVM cross-chain transfer path.

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Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Gate Team
August 12, 2026

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