Private market news feed.

OpenAI CEO Sam Altman said that Codex reached 4 million weekly users, two weeks after he announced that Codex crossed 3 million weekly users.

Source: TheInformation

Kalshi and Polymarket are set to launch crypto trading with perpetual futures, marking a significant expansion beyond prediction markets into crypto derivatives. The news was reported by multiple major outlets including The Information, Bloomberg, and the WSJ.

Source: The Information

Revolut has applied for a U.S. banking license as part of its push to expand its presence in the American market.

Source: WSJ

Kraken, one of the world's oldest crypto exchanges, has confirmed it has confidentially filed for an IPO. Reports indicate the company's valuation has dropped approximately 33% compared to prior estimates.

Source: CNBC

HII and Applied Intuition have signed a strategic memorandum of understanding to advance AI-defined warship capabilities, combining Applied Intuition's autonomy software with HII's naval shipbuilding expertise.

Source: Investing.com

VAST Data is strengthening its alliance with Nvidia as the company prepares for a valuation of approximately $30 billion, signaling potential fundraising or IPO activity on the horizon.

Source: CTech

Sacra estimates Lambda hit $760M in annualized revenue at the end of 2025, up 79% YoY from $425M

Source: Sacra

Ripple has announced plans to make the XRP Ledger quantum-resistant by 2028, responding to the growing credibility of quantum computing threats. The initiative outlines a roadmap for post-quantum cryptographic readiness on XRPL.

Source: ripple.com

Databricks introduced a new Excel Add-in designed to give business users direct access to lakehouse data from within Microsoft Excel, extending its data platform reach to non-technical audiences.

Source: Databricks

Unitree is debuting its R1 humanoid robot as the cheapest humanoid robot globally, launching it online through Alibaba. The R1 global launch marks a push to make humanoid robots more commercially accessible.

Source: South China Morning Post

SpaceX has secured its first contract related to the MARS program, though the deal comes with notable conditions attached.

Source: Teslarati

Revolut CEO Nik Storonsky confirmed the digital bank's IPO is at least two years away, targeting no earlier than 2028, in an interview with David Rubenstein. This extends the timeline on one of Europe's most anticipated public offerings.

Source: bloomberg-tech