diff --git a/CHANGELOG.md b/CHANGELOG.md
index d6367cc2..ef0881e3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,30 @@
+0.32.0 (2025-02-04)
+===
+
+## What's Changed
+* Merge with mmtk/mmtk-openjdk@master by @caizixian in https://github.com/mmtk/mmtk-openjdk/pull/234
+* Feat: get mmtk-openjdk running on Armv8 architecture  by @ArberSephirotheca in https://github.com/mmtk/mmtk-openjdk/pull/249
+* Update to MMTk core PR #1308 by @qinsoon in https://github.com/mmtk/mmtk-openjdk/pull/308
+* Fix reference processing crash by @wks in https://github.com/mmtk/mmtk-openjdk/pull/309
+* Add Compressor tests by @k-sareen in https://github.com/mmtk/mmtk-openjdk/pull/310
+* Enable reference processing by default in CI by @k-sareen in https://github.com/mmtk/mmtk-openjdk/pull/312
+* Acquire and release Heap_lock on VM_MMTkSTWOperation by @qinsoon in https://github.com/mmtk/mmtk-openjdk/pull/316
+* Fix bugs related to `Reference.discovered` by @wks in https://github.com/mmtk/mmtk-openjdk/pull/323
+* Control barrier fast paths via env var by @wks in https://github.com/mmtk/mmtk-openjdk/pull/326
+* Warn instead of panic when `object_iterate` is called. by @wks in https://github.com/mmtk/mmtk-openjdk/pull/325
+* Do not apply write barriers when enqueuing refs by @wks in https://github.com/mmtk/mmtk-openjdk/pull/328
+* Enable compressed pointers for Compressor by @k-sareen in https://github.com/mmtk/mmtk-openjdk/pull/327
+* Concurrent Immix by @tianleq in https://github.com/mmtk/mmtk-openjdk/pull/311
+* Reduce the test heap size for concurrent immix by @qinsoon in https://github.com/mmtk/mmtk-openjdk/pull/330
+* Refactor barrier implementations by @wks in https://github.com/mmtk/mmtk-openjdk/pull/332
+* Demote re-registered nmethods by @wks in https://github.com/mmtk/mmtk-openjdk/pull/337
+* Move to Rust 1.92 by @qinsoon in https://github.com/mmtk/mmtk-openjdk/pull/339
+
+## New Contributors
+* @ArberSephirotheca made their first contribution in https://github.com/mmtk/mmtk-openjdk/pull/249
+
+**Full Changelog**: https://github.com/mmtk/mmtk-openjdk/compare/v0.31.0...v0.32.0
+
 0.31.0 (2025-04-17)
 ===
 
diff --git a/mmtk/Cargo.lock b/mmtk/Cargo.lock
index df4286e0..67fc3bce 100644
--- a/mmtk/Cargo.lock
+++ b/mmtk/Cargo.lock
@@ -107,6 +107,15 @@ dependencies = [
  "git2",
 ]
 
+[[package]]
+name = "built"
+version = "0.8.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f4ad8f11f288f48ca24471bbd51ac257aaeaaa07adae295591266b792902ae64"
+dependencies = [
+ "git2",
+]
+
 [[package]]
 name = "bytemuck"
 version = "1.23.1"
@@ -151,12 +160,6 @@ version = "1.0.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b05b61dc5112cbb17e4b6cd61790d9845d13888356391624cbe7e41efeac1e75"
 
-[[package]]
-name = "core-foundation-sys"
-version = "0.8.7"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "773648b94d0e5d620f64f280777445740e61fe701025087ec8b57f45c791888b"
-
 [[package]]
 name = "crossbeam"
 version = "0.8.4"
@@ -490,15 +493,14 @@ dependencies = [
 
 [[package]]
 name = "mmtk"
-version = "0.31.0"
-source = "git+https://github.com/mmtk/mmtk-core.git?rev=e30d0a0866fe66d352eb09eb7f9e9466dc649172#e30d0a0866fe66d352eb09eb7f9e9466dc649172"
+version = "0.32.0"
+source = "git+https://github.com/mmtk/mmtk-core.git?rev=105661429473dc141f940e981c04dc86e995daaa#105661429473dc141f940e981c04dc86e995daaa"
 dependencies = [
  "atomic",
  "atomic-traits",
  "atomic_refcell",
- "built",
+ "built 0.8.0",
  "bytemuck",
- "bytemuck_derive",
  "cfg-if",
  "crossbeam",
  "delegate",
@@ -516,7 +518,6 @@ dependencies = [
  "num_cpus",
  "portable-atomic",
  "probe",
- "rayon-core",
  "regex",
  "rustversion",
  "spin",
@@ -528,8 +529,8 @@ dependencies = [
 
 [[package]]
 name = "mmtk-macros"
-version = "0.31.0"
-source = "git+https://github.com/mmtk/mmtk-core.git?rev=e30d0a0866fe66d352eb09eb7f9e9466dc649172#e30d0a0866fe66d352eb09eb7f9e9466dc649172"
+version = "0.32.0"
+source = "git+https://github.com/mmtk/mmtk-core.git?rev=105661429473dc141f940e981c04dc86e995daaa#105661429473dc141f940e981c04dc86e995daaa"
 dependencies = [
  "proc-macro-error",
  "proc-macro2",
@@ -539,10 +540,10 @@ dependencies = [
 
 [[package]]
 name = "mmtk_openjdk"
-version = "0.31.0"
+version = "0.32.0"
 dependencies = [
  "atomic",
- "built",
+ "built 0.7.7",
  "cfg-if",
  "lazy_static",
  "libc",
@@ -581,6 +582,25 @@ dependencies = [
  "libc",
 ]
 
+[[package]]
+name = "objc2-core-foundation"
+version = "0.3.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2a180dd8642fa45cdb7dd721cd4c11b1cadd4929ce112ebd8b9f5803cc79d536"
+dependencies = [
+ "bitflags",
+]
+
+[[package]]
+name = "objc2-io-kit"
+version = "0.3.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "33fafba39597d6dc1fb709123dfa8289d39406734be322956a69f0931c73bb15"
+dependencies = [
+ "libc",
+ "objc2-core-foundation",
+]
+
 [[package]]
 name = "once_cell"
 version = "1.21.3"
@@ -674,26 +694,6 @@ version = "5.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "69cdb34c158ceb288df11e18b4bd39de994f6657d83847bdffdbd7f346754b0f"
 
-[[package]]
-name = "rayon"
-version = "1.10.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b418a60154510ca1a002a752ca9714984e21e4241e804d32555251faf8b78ffa"
-dependencies = [
- "either",
- "rayon-core",
-]
-
-[[package]]
-name = "rayon-core"
-version = "1.12.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1465873a3dfdaa8ae7cb14b4383657caab0b3e8a0aa9ae8e04b044854c8dfce2"
-dependencies = [
- "crossbeam-deque",
- "crossbeam-utils",
-]
-
 [[package]]
 name = "regex"
 version = "1.12.2"
@@ -794,9 +794,9 @@ checksum = "67b1b7a3b5fe4f1376887184045fcf45c69e92af734b7aaddc05fb777b6fbd03"
 
 [[package]]
 name = "spin"
-version = "0.9.8"
+version = "0.10.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6980e8d7511241f8acf4aebddbb1ff938df5eebe98691418c4468d0b72a96a67"
+checksum = "d5fe4ccb98d9c292d56fec89a5e07da7fc4cf0dc11e156b41793132775d3e591"
 dependencies = [
  "lock_api",
 ]
@@ -848,15 +848,15 @@ dependencies = [
 
 [[package]]
 name = "sysinfo"
-version = "0.33.1"
+version = "0.36.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4fc858248ea01b66f19d8e8a6d55f41deaf91e9d495246fd01368d99935c6c01"
+checksum = "252800745060e7b9ffb7b2badbd8b31cfa4aa2e61af879d0a3bf2a317c20217d"
 dependencies = [
- "core-foundation-sys",
  "libc",
  "memchr",
  "ntapi",
- "rayon",
+ "objc2-core-foundation",
+ "objc2-io-kit",
  "windows",
 ]
 
@@ -971,31 +971,55 @@ checksum = "712e227841d057c1ee1cd2fb22fa7e5a5461ae8e48fa2ca79ec42cfc1931183f"
 
 [[package]]
 name = "windows"
-version = "0.57.0"
+version = "0.61.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9babd3a767a4c1aef6900409f85f5d53ce2544ccdfaa86dad48c91782c6d6893"
+dependencies = [
+ "windows-collections",
+ "windows-core",
+ "windows-future",
+ "windows-link 0.1.3",
+ "windows-numerics",
+]
+
+[[package]]
+name = "windows-collections"
+version = "0.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "12342cb4d8e3b046f3d80effd474a7a02447231330ef77d71daa6fbc40681143"
+checksum = "3beeceb5e5cfd9eb1d76b381630e82c4241ccd0d27f1a39ed41b2760b255c5e8"
 dependencies = [
  "windows-core",
- "windows-targets 0.52.6",
 ]
 
 [[package]]
 name = "windows-core"
-version = "0.57.0"
+version = "0.61.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d2ed2439a290666cd67ecce2b0ffaad89c2a56b976b736e6ece670297897832d"
+checksum = "c0fdd3ddb90610c7638aa2b3a3ab2904fb9e5cdbecc643ddb3647212781c4ae3"
 dependencies = [
  "windows-implement",
  "windows-interface",
+ "windows-link 0.1.3",
  "windows-result",
- "windows-targets 0.52.6",
+ "windows-strings",
+]
+
+[[package]]
+name = "windows-future"
+version = "0.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "fc6a41e98427b19fe4b73c550f060b59fa592d7d686537eebf9385621bfbad8e"
+dependencies = [
+ "windows-core",
+ "windows-link 0.1.3",
+ "windows-threading",
 ]
 
 [[package]]
 name = "windows-implement"
-version = "0.57.0"
+version = "0.60.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9107ddc059d5b6fbfbffdfa7a7fe3e22a226def0b2608f72e9d552763d3e1ad7"
+checksum = "053e2e040ab57b9dc951b72c264860db7eb3b0200ba345b4e4c3b14f67855ddf"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1004,62 +1028,71 @@ dependencies = [
 
 [[package]]
 name = "windows-interface"
-version = "0.57.0"
+version = "0.59.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "29bee4b38ea3cde66011baa44dba677c432a78593e202392d1e9070cf2a7fca7"
+checksum = "3f316c4a2570ba26bbec722032c4099d8c8bc095efccdc15688708623367e358"
 dependencies = [
  "proc-macro2",
  "quote",
  "syn 2.0.109",
 ]
 
+[[package]]
+name = "windows-link"
+version = "0.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5e6ad25900d524eaabdbbb96d20b4311e1e7ae1699af4fb28c17ae66c80d798a"
+
 [[package]]
 name = "windows-link"
 version = "0.2.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f0805222e57f7521d6a62e36fa9163bc891acd422f971defe97d64e70d0a4fe5"
 
+[[package]]
+name = "windows-numerics"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9150af68066c4c5c07ddc0ce30421554771e528bde427614c61038bc2c92c2b1"
+dependencies = [
+ "windows-core",
+ "windows-link 0.1.3",
+]
+
 [[package]]
 name = "windows-result"
-version = "0.1.2"
+version = "0.3.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5e383302e8ec8515204254685643de10811af0ed97ea37210dc26fb0032647f8"
+checksum = "56f42bd332cc6c8eac5af113fc0c1fd6a8fd2aa08a0119358686e5160d0586c6"
 dependencies = [
- "windows-targets 0.52.6",
+ "windows-link 0.1.3",
 ]
 
 [[package]]
-name = "windows-sys"
-version = "0.60.2"
+name = "windows-strings"
+version = "0.4.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f2f500e4d28234f72040990ec9d39e3a6b950f9f22d3dba18416c35882612bcb"
+checksum = "56e6c93f3a0c3b36176cb1327a4958a0353d5d166c2a35cb268ace15e91d3b57"
 dependencies = [
- "windows-targets 0.53.5",
+ "windows-link 0.1.3",
 ]
 
 [[package]]
 name = "windows-sys"
-version = "0.61.2"
+version = "0.60.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ae137229bcbd6cdf0f7b80a31df61766145077ddf49416a728b02cb3921ff3fc"
+checksum = "f2f500e4d28234f72040990ec9d39e3a6b950f9f22d3dba18416c35882612bcb"
 dependencies = [
- "windows-link",
+ "windows-targets",
 ]
 
 [[package]]
-name = "windows-targets"
-version = "0.52.6"
+name = "windows-sys"
+version = "0.61.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9b724f72796e036ab90c1021d4780d4d3d648aca59e491e6b98e725b84e99973"
+checksum = "ae137229bcbd6cdf0f7b80a31df61766145077ddf49416a728b02cb3921ff3fc"
 dependencies = [
- "windows_aarch64_gnullvm 0.52.6",
- "windows_aarch64_msvc 0.52.6",
- "windows_i686_gnu 0.52.6",
- "windows_i686_gnullvm 0.52.6",
- "windows_i686_msvc 0.52.6",
- "windows_x86_64_gnu 0.52.6",
- "windows_x86_64_gnullvm 0.52.6",
- "windows_x86_64_msvc 0.52.6",
+ "windows-link 0.2.1",
 ]
 
 [[package]]
@@ -1068,22 +1101,25 @@ version = "0.53.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4945f9f551b88e0d65f3db0bc25c33b8acea4d9e41163edf90dcd0b19f9069f3"
 dependencies = [
- "windows-link",
- "windows_aarch64_gnullvm 0.53.1",
- "windows_aarch64_msvc 0.53.1",
- "windows_i686_gnu 0.53.1",
- "windows_i686_gnullvm 0.53.1",
- "windows_i686_msvc 0.53.1",
- "windows_x86_64_gnu 0.53.1",
- "windows_x86_64_gnullvm 0.53.1",
- "windows_x86_64_msvc 0.53.1",
+ "windows-link 0.2.1",
+ "windows_aarch64_gnullvm",
+ "windows_aarch64_msvc",
+ "windows_i686_gnu",
+ "windows_i686_gnullvm",
+ "windows_i686_msvc",
+ "windows_x86_64_gnu",
+ "windows_x86_64_gnullvm",
+ "windows_x86_64_msvc",
 ]
 
 [[package]]
-name = "windows_aarch64_gnullvm"
-version = "0.52.6"
+name = "windows-threading"
+version = "0.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "32a4622180e7a0ec044bb555404c800bc9fd9ec262ec147edd5989ccd0c02cd3"
+checksum = "b66463ad2e0ea3bbf808b7f1d371311c80e115c0b71d60efc142cafbcfb057a6"
+dependencies = [
+ "windows-link 0.1.3",
+]
 
 [[package]]
 name = "windows_aarch64_gnullvm"
@@ -1091,84 +1127,42 @@ version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a9d8416fa8b42f5c947f8482c43e7d89e73a173cead56d044f6a56104a6d1b53"
 
-[[package]]
-name = "windows_aarch64_msvc"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "09ec2a7bb152e2252b53fa7803150007879548bc709c039df7627cabbd05d469"
-
 [[package]]
 name = "windows_aarch64_msvc"
 version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b9d782e804c2f632e395708e99a94275910eb9100b2114651e04744e9b125006"
 
-[[package]]
-name = "windows_i686_gnu"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8e9b5ad5ab802e97eb8e295ac6720e509ee4c243f69d781394014ebfe8bbfa0b"
-
 [[package]]
 name = "windows_i686_gnu"
 version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "960e6da069d81e09becb0ca57a65220ddff016ff2d6af6a223cf372a506593a3"
 
-[[package]]
-name = "windows_i686_gnullvm"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0eee52d38c090b3caa76c563b86c3a4bd71ef1a819287c19d586d7334ae8ed66"
-
 [[package]]
 name = "windows_i686_gnullvm"
 version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fa7359d10048f68ab8b09fa71c3daccfb0e9b559aed648a8f95469c27057180c"
 
-[[package]]
-name = "windows_i686_msvc"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "240948bc05c5e7c6dabba28bf89d89ffce3e303022809e73deaefe4f6ec56c66"
-
 [[package]]
 name = "windows_i686_msvc"
 version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1e7ac75179f18232fe9c285163565a57ef8d3c89254a30685b57d83a38d326c2"
 
-[[package]]
-name = "windows_x86_64_gnu"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "147a5c80aabfbf0c7d901cb5895d1de30ef2907eb21fbbab29ca94c5b08b1a78"
-
 [[package]]
 name = "windows_x86_64_gnu"
 version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9c3842cdd74a865a8066ab39c8a7a473c0778a3f29370b5fd6b4b9aa7df4a499"
 
-[[package]]
-name = "windows_x86_64_gnullvm"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "24d5b23dc417412679681396f2b49f3de8c1473deb516bd34410872eff51ed0d"
-
 [[package]]
 name = "windows_x86_64_gnullvm"
 version = "0.53.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0ffa179e2d07eee8ad8f57493436566c7cc30ac536a3379fdf008f47f6bb7ae1"
 
-[[package]]
-name = "windows_x86_64_msvc"
-version = "0.52.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "589f6da84c646204747d1270a2a5661ea66ed1cced2631d546fdfb155959f9ec"
-
 [[package]]
 name = "windows_x86_64_msvc"
 version = "0.53.1"
diff --git a/mmtk/Cargo.toml b/mmtk/Cargo.toml
index 88c15c82..59e65a01 100644
--- a/mmtk/Cargo.toml
+++ b/mmtk/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "mmtk_openjdk"
-version = "0.31.0"
+version = "0.32.0"
 authors = [" <>"]
 rust-version = "1.84.0"
 build = "build.rs"
@@ -36,7 +36,7 @@ probe = "0.5"
 # - change branch
 # - change repo name
 # But other changes including adding/removing whitespaces in commented lines may break the CI.
-mmtk = { git = "https://github.com/mmtk/mmtk-core.git", rev = "e30d0a0866fe66d352eb09eb7f9e9466dc649172" }
+mmtk = { git = "https://github.com/mmtk/mmtk-core.git", rev = "105661429473dc141f940e981c04dc86e995daaa" }
 # Uncomment the following to build locally
 # mmtk = { path = "../repos/mmtk-core" }