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Foresight News reported that MegaETH, an Ethereum scaling solution developed by MegaLabs, announced on X platform that it will launch a public sale on Echo's Sonar platform, with an initial fully diluted valuation (FDV) of $1 million and a valuation cap set at $999 million. Users can bid through an English auction, with the highest bid reaching $186,282. In the event of oversubscription, priority will be given to existing MegaETH community members, as well as investors who demonstrate long-term consistency through social activities, on-chain behavior, and locking preferences. The dual-peak allocation process ensures both broad token distribution and priority protection for key contributors. MegaETH's core supporters will receive priority allocation, while at least 5,000 participants will be granted a basic allocation at the starting price of $2,650. 5% of the total MEGA tokens will be sold on October 27. The registration process for participation eligibility is now open.

Foresight News reported that the special purpose acquisition company Mercer Park Opportunities Corp. (Toronto Stock Exchange code: SPAC.U) announced it has signed a definitive business combination agreement with Cube Group, Inc., an innovative company in the hybrid digital asset trading sector. This transaction values Cube at $300 million, and upon receiving regulatory approval, is expected to create a publicly listed entity. The entity plans to acquire a reserve of Solana tokens (SOL) worth $500 million prior to the completion of the transaction, in order to enhance liquidity, yield generation, and long-term value creation. After the transaction is completed, the merged company will operate under the name Cube Exchange Inc. The transaction is subject to approval by the Toronto Stock Exchange. Mercer Park has also agreed to use reasonable efforts to promptly seek a dual listing on Nasdaq following the completion of the transaction. Mercer Park expects the transaction to be completed in the first quarter of 2026.