Arm – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 25 Aug 2025 18:08:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Arm – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Kalshi taps influencer to head crypto arm https://earlybirdsinvest.com/kalshi-taps-influencer-to-head-crypto-arm/ https://earlybirdsinvest.com/kalshi-taps-influencer-to-head-crypto-arm/#respond Mon, 25 Aug 2025 18:08:50 +0000 https://earlybirdsinvest.com/kalshi-taps-influencer-to-head-crypto-arm/

Prediction market platform Kalshi has hired digital assets influencer John Wang as its head of crypto in a move the CEO called “betting on slope.”

In a Monday notice, Kalshi CEO Tarek Mansour said the company had hired the 23-year-old New York-based influencer, who dropped out of the University of Pennsylvania “to pursue crypto” in 2024. According to his LinkedIn, Wang worked as a fellow at Paradigm and an intern at Immutable before co-founding blockchain security company Armor Labs in 2022. 

“Slope is about high quality thinking, dreaming big, and working mercilessly hard,” said Mansour. “The more time I spent with John, the deeper my conviction grew. I can’t wait for us to tackle the roadmap we are putting together.”

Wang’s position comes while Kalshi is under scrutiny as US lawmakers consider Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission (CFTC), an agency with regulatory authority over the company.

The CFTC filed an enforcement action against Kalshi in September 2024 while under the Biden administration, but filed a motion in May to drop the case while under President Donald Trump.

Related: CFTC pressured to probe nominee Brian Quintenz over ties to Kalshi

Political motivation for platform offering election betting?

Wang, as the new head of crypto, suggested that prediction markets could make people more engaged “politically, financially, culturally,” citing his experience monitoring bets over the 2024 US presidential election:

“As an Australian, I can’t vote in the US elections. But prediction markets changed the way I experienced them. In that moment it clicked: this is how society will process truth. Not through punditry or biased takes, but through markets that transform belief into something tangible.”

Though launched in 2021, activity on Kalshi surged ahead of the 2024 US elections, for which the platform offered many options for users to bet. Though the CFTC filed for a temporary injunction to block Kalshi from listing political event contracts, a court ruled in October — one month before the federal elections — that the platform could offer such bets.

Kalshi closed a $185 million funding round in June, making the company’s valuation about $2 billion. The funding round and Wang’s hiring followed the platform announcing it would accept Bitcoin (BTC) deposits in April as part of efforts to onboard more crypto-native users.

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?

]]> https://earlybirdsinvest.com/kalshi-taps-influencer-to-head-crypto-arm/feed/ 0 55074 Societe Generale’s Crypto Arm Unveils USD-Pegged Stablecoin on Ethereum and Solana https://earlybirdsinvest.com/societe-generales-crypto-arm-unveils-usd-pegged-stablecoin-on-ethereum-and-solana/ https://earlybirdsinvest.com/societe-generales-crypto-arm-unveils-usd-pegged-stablecoin-on-ethereum-and-solana/#respond Wed, 11 Jun 2025 00:25:12 +0000 https://earlybirdsinvest.com/societe-generales-crypto-arm-unveils-usd-pegged-stablecoin-on-ethereum-and-solana/

Societe Generale-FORGE (SG-FORGE), the digital asset arm of French banking giant Societe Generale, is set to launch a new USD-pegged stablecoin – USD CoinVertible (USDCV) – on both the Ethereum and Solana blockchains.

The stablecoin is expected to begin trading in early July.

SG-FORGE’s USD CoinVertible

The development marks the firm’s latest push to merge traditional finance with decentralized infrastructure. The Bank of New York Mellon (BNY Mellon) will serve as the reserve custodian, according to the official press release.

This new product follows the April 2023 launch of the EUR CoinVertible (EURCV), SG-FORGE’s euro-backed stablecoin. Together, the two tokens aim to offer 24/7 fiat-to-stablecoin conversion, with support for use cases such as crypto trading, cross-border payments, on-chain settlement, foreign exchange, and collateral management.

SG-FORGE stated that the tokens are built with compliance at their core – both are classified as Electronic-Money Tokens (EMTs) under the European Union’s MiCA regulatory framework. The firm itself is licensed as an Electronic Money Institution by France’s ACPR. USDCV and EURCV will be available to institutional, corporate, and retail clients through exchanges, brokers, and payment platforms, with liquidity supplied by multiple market makers.

However, people in the United States will not be able to use these products.

USD Stablecoin Launch “Obvious Next Step”

By roping in BNY Mellon, which happens to be a major player in global custody services, SG-FORGE aims to reassure market participants about asset backing and transparency, while also appealing to institutions seeking regulatory clarity in the space.

Commenting on the development, Jean-Marc Stenger, Chief Executive Officer of SG-FORGE, said that the launch of a US Dollar version (USDCV) was the “obvious next step” for the company after the release of a MiCA-compliant EUR stablecoin (EURCV), amidst an increasing market adoption of stablecoins. The exec went on to add,

“The stablecoin market remains largely US dollar-denominated. This new currency will enable our clients, either institutions, corporates, or retail investors, to leverage the benefits of an institutional-grade stablecoin.”

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]]> https://earlybirdsinvest.com/societe-generales-crypto-arm-unveils-usd-pegged-stablecoin-on-ethereum-and-solana/feed/ 0 41323 Arm wants to build its own chips, so it may be poaching from chip-making clients https://earlybirdsinvest.com/arm-wants-to-build-its-own-chips-so-it-may-be-poaching-from-chip-making-clients/ https://earlybirdsinvest.com/arm-wants-to-build-its-own-chips-so-it-may-be-poaching-from-chip-making-clients/#respond Sat, 15 Feb 2025 05:35:19 +0000 https://earlybirdsinvest.com/arm-wants-to-build-its-own-chips-so-it-may-be-poaching-from-chip-making-clients/

Big if true: The rumors about Arm’s ambitions to enter the chip manufacturing business appear to be true after all. Industry sources now claim the UK-based designer is in need of a highly skilled workforce and has begun poaching top talent from clients.

Arm Holdings is currently on a recruiting spree, with the ultimate goal of entering the chip production industry independently. Reuters has quoted several sources familiar with the matter, all of whom confirm Arm’s “sudden” interest in the manufacturing side of the microchip industry.

Arm’s core business revolves around licensing its namesake instruction set architecture to other silicon designers and chip foundries around the world. The company has been around since the 1980s, initially selling home computers with RISC processors under the Acorn Computers brand. Virtually all modern smartphones feature processors based on the Arm ISA, but Arm earns money through licensing deals, rather than from actual device sales.

The UK-based designer is clearly trying to change the status quo. Two Reuters sources revealed that Arm has been reaching out to its licensing partners, attempting to recruit executives and potential employees from other positions to help build its new chipmaking business. The news agency was able to examine a copy of a “note” sent by an Arm recruiter to an executive at one of its customers.

The note states that Arm wants to transform its licensing-only business model into a company that sells its own silicon products. The new chips would focus on “AI enablement in the data center” and other computing devices, according to the note. Arm has also reached out to other chip designers in Silicon Valley, seeking to hire new talent and experts in the area.

Over the past few years, Arm has adopted a much more proactive approach to the chipmaking business. In 2022, the company sued Qualcomm to terminate their licensing agreement, but was later forced to abandon the effort. During the legal dispute over Qualcomm’s licensing rates, Arm CEO Rene Haas stated that the company had never been involved in building chips.

Sources say Arm began attempting to hire new managers from its customers as early as November. Haas’ testimony occurred just a few weeks later. Regardless, Arm’s attempt to start designing and selling its own chips could send a shockwave through the entire mobile industry.

Historically, Arm Holdings has been considered a neutral player in the market, while silicon providers like Broadcom and Qualcomm have raked in billions by developing Arm-based custom CPUs. If Arm were to abandon its neutral stance, the chipmaking industry might react in unpredictable ways.

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