mtg choose a card from outside the game Lutri, Spellchaser | Multiverse Legends Foil Karn, the Great Creator MTG

Still, the transformed side is a great representation of the game's final boss

Your opponents wont be attacking or removing it from play in fear of what can come after, be it Omniscience, Cacophony Unleashed, Battle at the Helvault, or what have you

Also features a potent ability to draw cards late in the game: for five generic and one blue and a tap, sacrifice Blighted Cataract to draw two cards

What affects the value of Spawning Kraken

Yes, you can counter a triggered ability with specific cards that say counter target triggered ability. Regular counterspells like Counterspell only work on spells, not abilities already on the stack