Kraken buys token vesting platform Magna, which hit peak TVL of $60 billion in 2025
• Kraken acquired the token management platform Magna, marking the exchange’s sixth acquisition over the past 12 months.
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Loss-making DeFi lender ZeroLend to shut down after 98% TVL drop
• ZeroLend will wind down after operating losses as TVL fell 98% to $6.6 million and the ZERO token plunged.