Cosmos Ventures has launched with Brendan McCord and Matt Mandel introducing a $77.6 million Fund I to support founders building institutions for the AI era. According to ChainCatcher, the fund has already invested in AIUC, Prime Intellect, Workshop Labs, which has been acquired by Thinking Machines, and an undisclosed education company. McCord is the founder of Cosmos Institute and Cosmos Ventures, while Mandel previously worked at Union Square Ventures. The fund’s limited partners include Reid Hoffman, Joe Liemandt, Stand Together, Fred Wilson, Micky Malka, and Astera Institute. Cosmos Ventures said AI represents the largest window for institutional building since the founding of the United States. It argued that AI is breaking the historical link between intelligence and humanity, leaving many needed institutions unbuilt. The firm said founders in this era must answer normative questions that machines cannot answer and described them as “philosopher-builders.” It also introduced the slogan “Condere aude,” meaning “dare to found.”

Prime Minister Narendra Modi will open a semiconductor conference in New Delhi on Thursday as India seeks to attract global investors to its chipmaking industry, according to Bloomberg. The event comes as India pursues a $30 billion bet on semiconductors.

According to Kabutan, the Korea Herald and HKET, Asian equities opened mixed on Thursday after the Federal Reserve delivered its first rate increase in more than three years, lifting its benchmark by a quarter point to a range of 3.75% to 4.00%. Wall Street closed lower overnight, with the Dow down 1.2%. Tokyo's Nikkei 225 opened up 720 points at 64,643, its first return above 64,000 in two days, helped by strength in U.S. chip shares and a pullback in oil. Shipping and other cyclicals led the advance at the open. By early trade the index had pared some gains, quoted around 64,348.64, up 425.64 or 0.67%. Seoul's KOSPI opened higher despite the Fed move, rising 6.49 points, or 0.1%, to 6,724.46 as of 9:14 a.m. local time, led by tech. Samsung Electronics added 0.3% while SK hynix shed 0.8%; LG Energy Solution dipped 0.82%, KB Financial rose 1.47% and Hanwha Aerospace gained 1.14%. Kiwoom Securities analyst Han Ji-young said local stocks are likely to face volatility as investors digest the hawkish FOMC meeting. Hong Kong stocks opened lower, with the Hang Seng Index down 233 points at 24,480 on turnover of HK$3.14 billion, while the Hang Seng Tech Index fell 1% to 4,281. Tencent, Alibaba, HSBC and AIA each fell more than 1%; Lenovo bucked the trend to rise 0.6%, Zhipu climbed more than 2% and MiniMax added more than 1%. Hong Kong's Monetary Authority raised its base rate by 25 basis points to 4.25%, tracking the Fed. Taiwan's TAIEX opened up more than 1%, led by TSMC, which at one point drove the index up more than 860 points to retake its monthly moving average. As of 09:38 UTC+8, TSMC traded at NT$2,440.00, up 2.52%; MediaTek at NT$4,670.00, up 3.09%; and Hon Hai at NT$252.50, up 1.81%. In mainland China, the Shanghai Composite and the other three main indexes opened lower together, with power and shipping stocks bucking the trend while gold, oil and gas, petrochemical and non-ferrous metal names retreated.

Bitwise: The failure of the Clarity bill will not destroy the crypto bull market that began in early July. Golden Finance: The crypto bull market does not need Washington's permission.

Chinese-founded AI startup Manus is set to double its valuation to $4 billion in its first fundraising since Beijing ordered it to split from Meta Platforms Inc., according to Bloomberg. The company is seeking a fresh start after getting caught up in a geopolitical tussle.

Japan’s Mitsui OSK Lines Ltd. plans to sell several older oil tankers to capitalize on surging vessel prices as the Middle East war strains shipping capacity, according to Bloomberg.

National Stock Exchange of India Ltd.'s long-awaited initial public offering starts taking orders Thursday, according to Bloomberg. The sale is testing investor appetite for a valuation that remains rich compared with some of the world's biggest listed exchanges.

Electricity market reforms in Guangdong, one of China’s economic powerhouses, could signal a broader slowdown in the country’s natural gas demand, according to Bloomberg. The reforms are reshaping power use in the province and clouding the outlook for gas consumption.

The setback in the Clarity Act will not derail the crypto bull market. The crypto industry will always find ways to continue building.

Overall, this FOMC meeting was more hawkish than the market expected, both in terms of the dot plot and the press conference. The forecast remains unchanged for now, with three rate hikes expected this year and no change next year.

Federal Reserve, Warsh, interest rate hikes, inflation, US Treasury bonds, September 2026 FOMC meeting transcript: Towards a growth narrative, Golden Finance, growth targets!

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3184, providing you with the latest and fastest news on the digital currency and blockchain industry.

Centralized exchanges will eventually exit the market. A dignified shutdown is simply fulfilling debt repayment obligations; don't exaggerate repaying money as charity.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

OSL topped the list in Hong Kong for both spot and stablecoin trading volume, and stablecoin infrastructure investment supporting trading is becoming a new paradigm for competition among exchanges.

Standard Chartered gave ARB a $10 target price, betting on Robinhood Chain, but the profits went into the DAO's coffers.

The one-month period is neither a lock-up period nor a network congestion, but rather a result of Ethereum actively limiting the entry speed of validators.