Arthur Hayes: Flop Labs is set to open its Devnet

3 days after removing @pumpfun from his bio, @kimchi1x has added it back. $Kimchi briefly surged over 150%. Coincidentally, trader ja2trader spent $28.9K buying 4.61M $Kimchi just hours before @kimchi1x added @pumpfun back to his bio, and is now up $11K.

According to BIT (Bit.com) market data, SK Hynix rose more than 1% in pre-market U.S. trading. The company plans to distribute a $12.1 billion special dividend, using proceeds from the sale of its Kioxia stake to return value to shareholders.

According to monitoring by @ai_9684xtpa, an ancient Ethereum ICO-era whale address 0x6C6…d2941 has cumulatively deposited 1,500 ETH to trading platforms recently, worth approximately $3.46 million. The address initially purchased 100,000 ETH at a cost of $0.31, and in February 2016 it is believed to have sold 50,000 ETH at an average price of $5.47, valued at around $273,000, with a return of approximately 1664% at that time. If the ETH deposited this time is sold, the return will reach roughly 744,017%.

Nasdaq-listed House of Doge Inc. (ticker: HODO) filed an 8-K form on October 23, disclosing multiple major matters: Leadership changes: Former CEO Marco Margiotta and CFO Charles Park resigned on October 22. The board of directors appointed Curtis Hopkins, CEO of McQueen Labs, as interim CEO and interim CFO. Termination of original Dogecoin official authorization: The company reached an agreement with the Dogecoin Foundation and MadeUpNumbers Ltd. to terminate the previously amended trademark license agreement. The company is required to change its corporate name by December 31, 2026, and cease using terms such as "official corporate arm" or "official business partner". It also signed a new non-exclusive trademark license agreement, limited to specified 21Shares Dogecoin-related products and new products approved in writing, with revenue sharing obligations. Asset transfer: The company transferred assets related to the Such App mobile application to ABJ Labs Inc. (doing business as Dogecoin Labs) in exchange for $4 million in Dogecoin Labs common stock (based on a $120 million pre-money valuation). The transaction has not yet closed. Proposed acquisition of McQueen Labs: The company signed a binding letter of intent with McQueen Labs to acquire its MCQ Markets token platform and microloan business. The consideration for the token platform is $15 million, primarily paid via stock (no more than 19.99% common stock plus 30% non-voting convertible preferred stock) and promissory notes. The company also noted it will evaluate a reverse stock split, financing plans, and brand restructuring.

According to an official announcement, Binance will launch the USDC/AED spot trading pair at 16:00 (GMT+8) on October 28, 2026, and will make spot algorithmic order trading bot services available for this pair.

Beating AI News Flash: Nanjing-based embodied intelligence startup Wujing Dynamics, founded just 8 months ago, has been embroiled in a wage arrears and shutdown scandal. In June this year, Nanjing state media was still hailing the star firm: just 4 months after its launch, it had signed framework orders worth nearly 500 million yuan with multiple central SOEs, plus another 500 million yuan in local market reserve orders, and secured 110 million yuan in financing. The company focuses on developing industrial-grade quadruped robots for use cases including power inspection, energy, and mining. In July, Jiangning District government showcased its robot, which can identify instrument anomalies and operate switches, with delivery scheduled for October. But just a month later, the company began defaulting on wages. Employees told National Business Daily that salaries have been unpaid since August, provident fund contributions suspended in September, and social security payments halted in October, affecting 30 to 40 staff, with total wage arrears approaching 8 million yuan. The company has now suspended operations, with even its R&D department head involved in labor arbitration. On October 22, reporters contacted CEO Yuan Haihui, who stated he could not reach actual controller Cui Xiaofei and was not in a position to comment.