Base Co-Founder: To Partner With Coinbase to Launch 1:1 Backed Tokenized Stocks, Enhance On-Chain Stock Scalability

Bitdeer subsidiary Dory Creek will deploy its Sealminer A2 Pro Air mining rigs at Soluna’s Project Kati 1, a wind-powered data center in Willacy County, Texas, U.S., starting September 2026. The deployment is expected to connect to 28MW of power and deliver approximately 1.93 EH/s of Bitcoin mining hashrate. The partnership uses a revenue-sharing model: Soluna is responsible for the site, power supply, and daily operations, while Bitdeer supplies and owns the mining rigs, with both parties splitting the Bitcoin revenue generated by this portion of the equipment. Project Kati 1 has a total capacity of 83MW, and Galaxy Digital is currently utilizing 48MW of its capacity for Bitcoin mining.

Beating AI Express: Stability AI, the developer of AI image generation model Stable Diffusion, has closed a $76 million Series B funding round, bringing its total financing to $232 million. Investors include Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts (EA), AMD Ventures, Pacific Alliance Ventures, and others. Founded in 2019, Stability has signed multiple deals with entertainment companies over the past year, integrating generative AI into their creative workflows. It partnered with Universal Music and EA in October last year, and collaborated with Warner Music Group in November, with all partnerships adopting a co-development model.

According to market data from BIT (bit.com), biotech stocks are seeing hype in the US stock market. US biotech firm Moderna (MRNA) closed up 14.36% with a trading volume of $7.636 billion, while Merck (MRK) closed up 3.84%. Moderna and Merck recently jointly announced that their first personalized mRNA cancer therapy, intismeran autogene, has succeeded in global Phase III clinical trials for high-risk melanoma, marking a milestone breakthrough in the field of tumor immunotherapy. Multiple major banks have raised Moderna's price targets: Bank of America lifted its target from $40 to $170 and upgraded its rating to "Neutral"; Piper Sandler raised its target from $77 to $167, maintaining an "Overweight" rating; Goldman Sachs raised its target from $67 to $120, keeping a "Neutral" rating; JPMorgan raised its target from $40 to $77; Barclays raised its target from $48 to $125. According to Bitget market data, Hong Kong-listed stocks opened higher today: CanSino Biologics surged 17%, Innovent Biologics rose over 10%, Hutchison China MediTech gained over 7%, Kangfang Biologics climbed over 6%, and Rongchang Biologics advanced over 4%. CanSino Biologics announced that its subsidiary CanSino Shanghai has officially signed a strategic cooperation framework agreement on joint development of personalized mRNA therapeutic cancer vaccines with Deppon Biologics, to jointly promote the R&D and commercialization of such vaccines.

On-chain analyst Ai Yi (@ai_9684xtpa) detected that new address 0xAef…Dc00B accumulated 20,000 ETH over the past 50 minutes, valued at $48.89 million, and is likely linked to BitMine. BitMine currently holds a total of 5,847,611 ETH, worth roughly $14.4 billion (excluding this suspected activity), with an average cost of approximately $3,359, resulting in an unrealized loss of $5.27 billion.

Robotics foundation model startup Generalist has closed an approximately $200 million extension funding round led by 8VC, bringing its post-money valuation to $3 billion. This is an extension of the $400 million Series B round the company announced in June, which was led by Radical Ventures and valued Generalist at $2 billion at the time. Total funding raised by the startup now stands at $600 million following this latest extension. Founded in 2024, Generalist’s founding team includes former Google DeepMind researchers Pete Florence and Andy Zeng, plus former Boston Dynamics engineer Andrew Barry. Early backers of the firm include NVIDIA, Union Square Ventures, Bezos Expeditions, and AI researcher Li Feifei. The company’s newly launched Gen 1.5 model claims to enable robots to master new tasks from just 3 to 12 seconds of video demonstrations. It is currently collaborating with a small number of clients to customize models for specific scenarios based on feedback.

According to EmberCN’s monitoring, Polychain redeemed a total of 131.8 million EIGEN tokens at the end of May. Of these, 46.86 million were re-staked one month prior, while another 14.65 million were transferred to Coinbase Prime today, valued at approximately $3.09 million.