Cancore Completes $7.2 Million Seed Round with Participation from Paper Ventures and Others

Odaily: Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed round. The round was conducted through Simple Agreements for Future Tokens (SAFT), corresponding to a fully diluted valuation (FDV) of $60 million for its planned CNRX token.The round was participated in by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest allocations. Wasif Rashid, co-founder and CEO of Cancore, said the company began engaging with investors in June this year, officially launched fundraising in July, and closed the round in mid-September. (The Block)

Odaily: U.S. President Trump stated that soon, we will officially ban the term "Artificial Intelligence (AI)" in all related documents. (Jinshi)

Odaily report: Trader Killa posted that he still holds a Bitcoin long position with an entry price of $76,400. His trading plan remains completely unchanged, and he will not move the stop-loss up to the entry price. Instead, he will continue holding until the target price is reached or the stop-loss is triggered. To capture major market moves, one must patiently endure prolonged consolidation ranges and tedious price fluctuations.Killa also stated that frequently changing trading stance is precisely the reason many traders lose money. The key lies in whether the market structure and trading plan have changed; currently, neither has changed, so he will not panic or waver.

Odaily reports that BNB Chain ecosystem prediction market Predict.fun has officially announced that the Season 1 final snapshot has been completed. The team is currently calculating all users' final PP points balances, and Season 2 points rewards have officially launched.According to the official announcement, Season 2 has adjusted the points allocation mechanism for liquidity providers (LPs). The hourly LP points for each market will be determined by two components: order duration and actual trading volume. Among these, the actual trading reward is a newly added mechanism—orders that generate no trades or have excessively low trading value will not receive this portion of points.Additionally, Predict.fun officially stated that more important information long awaited by the community will be announced tomorrow, sparking market attention regarding its token issuance and airdrop progress.

Odaily reports: Former Microsoft AI, Discord, and Snap Inc. executive Peter Sellis announced today in a post on X that he has joined the X team to lead product work.Peter Sellis stated that he strongly identifies with SpaceX's mission of extending human consciousness to the stars, that X platform is the best way to understand real-time global developments and participate in discussions, and that the team has been working hard to improve the product, with recent growth momentum already attracting attention. His goal is to continue making the product beautiful and useful, eliminate "spam," accelerate this momentum for the community, new users, and global businesses, and he believes X's next chapter will be its best chapter yet. X platform's official account responded in the comments section with "To the stars 🚀."This also marks X platform welcoming a new Head of Product after former product lead Nikita Bier resigned in August.

Odaily reports that Coinbase will list Stable (STABLE), with spot trading set to launch on October 27, 2026. If liquidity conditions are met and trading is supported, the STABLE-USD trading pair will open later today.