The U.K. released new guidelines that include rules for crypto exchanges to start providing the British tax authority with full customer information on all their digital assets.

[Goldman Sachs Trader: U.S. Stock Market Stabilizes in December] Goldman Sachs' trading division stated that although the S&P 500 Index may remain flat in November, reduced volatility, improved market breadth, and trend-following strategies shifting to the buy side have made the market outlook clearer. Goldman Sachs' Lee Coppersmith noted that the five-day average of the number of advancing and declining S&P components had dropped to -150 at the beginning of the month but rebounded to +150 before Thanksgiving, indicating that market pressure has partially eased. Goldman Sachs' Volatility Fear Index is currently around 5, lower than the early November peak. Systematic strategy positions have been reset, with approximately $16 billion in S&P-related sell-offs over the past month, and net buying in December is expected to reach approximately $4.7 billion. Coppersmith stated that this provides a cleaner starting point for December.

[Terminal Finance Announces Shutdown Due to Converge Chain Delay, Will Open Source Protocol Codebase] The Ethena ecosystem project Terminal Finance announced on the X platform that the project is shutting down. According to the official statement, Terminal was originally planned to serve as the liquidity hub for the Converge chain. The codebase had been completed and was scheduled to launch in the first quarter of 2025. However, due to the Converge chain not launching as scheduled and no plans for a launch in the near future, the project lacks a supporting ecosystem. Despite exploring various transformation plans, no feasible path was found due to limited support and low asset integration potential. The official team has promised to safeguard the principal for Roots holders, allowing users to withdraw deposits on a 1:1 basis and receive related returns and points. The project’s codebase will be fully open-sourced. Terminal was designed as a MetaDEX, utilizing a new mechanism to address impermanent loss derived from yields and improve the economic model.

Monitoring shows that BlackRock received 300 BTC (worth $27.51 million) and 166.29 ETH (worth $50.64 million) from Coinbase in the past 10 minutes. In the past 3 days, BlackRock has received a total of 4044 BTC (worth $354 million) and 80121 ETH (worth $235 million). （Onchain Lens）

[BlackRock Receives $78.15 Million in BTC and ETH from Coinbase Within 10 Minutes] According to Onchain Lens monitoring, BlackRock received 300 BTC (worth $27.51 million) and 16,629 ETH (worth $50.64 million) from Coinbase within the past 10 minutes. Over the past 3 days, BlackRock has cumulatively received 4,044 BTC (worth $354 million) and 80,121 ETH (worth $235 million).