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According to CoinDesk, cryptocurrency exchange Kraken's parent company Payward has announced the acquisition of the token management platform Magna, further enhancing its product matrix and paving the way for potential listing plans. The transaction amount was not disclosed.After the acquisition is completed, Magna will continue to operate independently, but its token lifecycle management tools will be integrated into Kraken's product system for institutional clients. Magna primarily provides token allocation, claiming, and distribution management services for crypto project teams, currently serving over 160 clients, with the platform's peak locked value reaching $60 billion by 2025. This acquisition continues Kraken's merger and acquisition strategy in recent years. Last year, the company acquired the U.S. futures platform NinjaTrader, the derivatives trading platform Small Exchange, as well as the proprietary trading firm Breakout and the tokenized stock issuer Backed Finance. In November 2025, Kraken also completed a $800 million financing round, bringing the company's valuation to $20 billion.

According to Fortune, the cryptocurrency exchange platform Kraken has announced the acquisition of the token management platform Magna. Kraken declined to disclose the specific terms of the acquisition, which was completed last Friday. This is Kraken's sixth transaction in the past year, including the acquisition of the U.S. futures platform NinjaTrader for $1.5 billion in March this year.

Elon Musk announced that Grok Imagine version 1 is now fully released. Grok Imagine 1 is the latest achievement in AI audio and video generation from xAI, capable of generating 10-second videos at 720p resolution and significantly improving audio quality. During the 30-day trial period, users have generated over 1.245 billion videos using it.

Solana co-founder Toly changed the X account profile picture to a "penguin" themed concept image. According to GMGN monitoring, possibly influenced by this news, the Meme coin PENGUIN on the Solana chain briefly surged over 17%, with a market cap currently reported at $9,330 and a 24-hour trading volume of $80.6 million.ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case. Investors should be aware of the risks.

According to official news, Magic Eden announced that starting from February 1, it will directly invest 15% of its revenue into the ME token ecosystem. This portion of revenue will be evenly distributed, with 50% used to buy back ME tokens on the open market and 50% distributed to ME stakers in the form of USDC based on staking weight.The original "market transaction fee only" ME buyback mechanism will be upgraded to a revenue distribution system covering the entire ecosystem. Staking weight depends on the amount staked and the duration of staking. USDC rewards can be claimed monthly, with the first claim (corresponding to the February activity) opening in March. Rewards must be claimed within 90 days.

According to Jin Shi, Federal Reserve Vice Chairman Jefferson stated that the current policy stance puts us in a favorable position to determine the magnitude and timing of adjustments to the policy interest rate.

According to Binance spot data, the market has experienced significant fluctuations. AUDIO has dropped 7.7% in 24 hours, CTSI has fallen 8.96%, POWR has decreased by 7.24%, STEEM has declined by 7.11%, MAGIC has dropped 9.92%, SPK has decreased by 10.51%, and a "pullback" situation has occurred.At the same time, FXS has slightly increased by 3.2% within 5 minutes.

According to official news, the Binance futures platform will launch the COLLECT USDT perpetual contract on December 31, 2025, at 21:15, with a maximum leverage of up to 20 times; on the same day at 21:30, the MAGMA USDT perpetual contract will also be launched, with a maximum leverage of up to 20 times. Users can pay attention to subsequent announcements for more information.

According to the official announcement, Bitget has launched the U-based MAGMA perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will also be opened simultaneously.

The founder of Blueport Interactive, Wang Feng, expressed his views on the new high of gold and the future trend of Bitcoin yesterday, stating: "The gold price has broken through $4,400 per ounce. There's no need to sigh over missed opportunities; humanity's return to the golden age is essentially a search for a scarce universal consensus. Compared to the Cold War between major powers and regional conflicts, the wave of artificial intelligence (including robotics) technology is pushing any sovereign currency towards decline. Regardless of any monetary policy, during this new round of explosive productivity, currencies including the US dollar will inevitably face severe devaluation. The price of Bitcoin, surpassing imagination, is bound to come. Don't rush; let the bullets fly for a while."

According to official news, MEXC will list Magma Finance (MAGMA) on December 16, 2025, at 18:00 (UTC+8), and open the MAGMA/USDT trading market. On the same day at 18:10 (UTC+8), MAGMA U-based contract trading will be available, supporting 1-30x leverage. At 19:00 (UTC+8), the swap function will be launched, allowing seamless and instant exchanges with other assets.

The multi-chain trading platform Magic Eden tweeted that it has launched the Ordinals buyback program, where 15% of the platform's fees will be used to purchase Ordinals and store them in a permanent collection series, and the buyback will be conducted automatically.

According to official news, Binance Alpha will launch Magma Finance (MAGMA) on December 16.Eligible users can go to the Alpha Events page to claim the airdrop using Binance Alpha points after the trading opens. More details will be announced soon.

According to information from the Polymarket website, the "TIME Magazine 2025 Cover" betting event has concluded, with AI being the annual cover. The event ultimately attracted over $55.28 million in funds, with nearly $4 million betting on AI and other options. The final winner takes all, receiving the betting pool rewards.

According to official news, the adaptive liquidity engine Magma Finance on the Sui chain has completed a $6 million financing round, with participation from HashKey Capital, SNZ Holding, SevenX Ventures, Puzzle Ventures, and Topspin Ventures.It is reported that the funds raised will be used to build the most adaptive liquidity engine on the Sui network.

According to FN News, Dunamu, the operating company of the South Korean cryptocurrency exchange Upbit, has stated that it has frozen damaged assets worth 2.6 billion won (approximately 1.77 million USD). Upbit is advancing follow-up processes to safely recover the frozen assets.Currently, Upbit is utilizing its self-developed on-chain tracking service (OTS) to trace the paths of virtual assets transferred to external sources. At the same time, it is actively collaborating with global cryptocurrency exchanges to prevent further transfer of assets. A related person from Upbit stated, "Although all customer damaged assets have been compensated by Upbit's own assets, we remain relentless in tracking and freezing to prevent assets from falling into the hands of attackers. To create a secure cryptocurrency asset ecosystem, we sincerely request global cryptocurrency exchanges and the blockchain community to cooperate actively."On the other hand, after replacing all virtual asset wallets and strengthening security measures, Upbit has resumed all virtual asset deposit and withdrawal services on the 6th. Previously, Upbit confirmed that it suffered a loss of over 44.5 billion won due to the theft of its hot wallet, and the CEO issued an apology letter.

The CEO of Dunamu, the parent company of Upbit, Wu Jingshi, issued a public apology today regarding the abnormal withdrawal incident on the Solana chain that the platform encountered. He acknowledged that this security incident stemmed from internal security management deficiencies and emphasized that there is "irrefutable responsibility." Wu Jingshi stated that Upbit has reported the incident to the relevant authorities in accordance with regulations and has initiated a comprehensive investigation.After discovering abnormal withdrawals from Solana-associated wallets, the team immediately conducted a thorough inspection of the relevant network and wallet systems, and found that some on-chain transactions on the platform exposed a security vulnerability that could lead to predictable private keys, which has now been urgently fixed. According to official disclosures, the total locked loss is approximately 44.5 billion Korean won, of which user asset losses amount to about 38.6 billion Korean won, and approximately 2.3 billion Korean won in related tokens have been successfully frozen; an additional approximately 5.9 billion Korean won belongs to the platform's own assets. Upbit has fully covered user losses with its own funds and suspended all digital asset deposits and withdrawals to track outflowing assets and continue freezing measures.Upbit stated that it is undergoing a comprehensive reconstruction of the wallet system, which will be reopened for deposits and withdrawals after stability verification. Meanwhile, the company has initiated a company-wide security review mechanism, using this incident as an opportunity to further strengthen its security infrastructure and will maintain transparency in disclosing publicly available information in the future. Wu Jingshi emphasized that "there is no absolute security," and Upbit will comprehensively enhance its protective systems to prevent similar incidents from occurring again.

Elon Musk tweeted that Grok Imagine has supported the text-to-video feature. The upgraded audio and 10-second video generation capabilities are expected to be released this weekend.