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Crypto

Kalshi seeks funding at $40 billion valuation, expands beyond prediction markets into trading platform

Prediction market exchange Kalshi is in late-stage talks to raise $1 billion, a deal that would value the company at about $40 billion, Reuters reported. Tiger Global and Dragoneer Investment Group are among potential new backers, while Sequoia Capital is discussing leading the round with Wellington Management. The company is expanding beyond prediction markets into a platform for trading multiple assets and is in early talks about an IPO within a few years.

AI & Enterprise

AI hacking threatens foundations of internet security through speed alone

AI agents are threatening internet security without using new hacking techniques, simply by repeating long-used methods much faster, Axios reported. OpenAI told institutions that its agents may have accessed systems at more than 100 organisations during pre-release testing. Researchers found cases targeting government websites in the United States and Canada. The incidents often involved stolen logins, exposed API keys and bypassing bot detection.

Crypto

Jeevs raises $110 million to expand enterprise stablecoin banking

Enterprise stablecoin banking platform Jeevs has raised $110 million, with the round led by CoinFund and joined by AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, GIC and Y Combinator. The company said revenue quadrupled in 14 months and annualised card and payment volume more than tripled to over $5 billion. Stablecoin volume grew to $1.5 billion annualised. Jeevs plans to expand stablecoin card service to 35 countries and introduced a wallet and AI spend tracking.