The post Terminal Finance Ends Project Amidst Converge Chain Delays appeared on BitcoinEthereumNews.com. Key Points: Converge chain delays cause termination of Terminal Finance project. User funds remain secured and fully withdrawable. Community mixed on transparency, project dependency. Ethena’s incubated project, Terminal Finance, announced termination after Converge chain’s mainnet launch failed, securing user funds and maintaining Pendle position rewards. This event underscores risks tied to DeFi projects reliant on emergent blockchains, emphasizing integrity in decision-making and maintaining user trust amid operational challenges. Converge Chain Delays Halt Terminal Finance Operations Following termination, the financial landscape remains stable, with approximately $280,000,000 held through assets such as WETH, WBTC, and stablecoins unaffected. Pendle holders retain their earnings, continuing to accrue Ethena Sats and other rewards. Official statements highlighted integrity as a guiding principle over progressing a potentially doomed venture. Community reactions were diverse; while some advocated transparency and sound decision-making, others disagreed, attributing failure to Converge dependency. Authorities and crypto leaders have not engaged publicly at this stage. Community reactions were diverse; while some advocated transparency and sound decision-making, others disagreed, attributing failure to Converge dependency. Authorities and crypto leaders have not engaged publicly at this stage. Market Dynamics and Historical Parallels Did you know? The collapse of Converge chain coordination mimics historical blockchain inadequacies, rare in occurrence but deeply impactful, reflecting cases like Cofound.it’s 2017 fall. As of CoinMarketCap, Ethereum (ETH) holds a market cap of $359,297,383,146, with 24-hour trading volumes down by 33%. Current market prices sit at $2,976.89, with a circulating supply of approximately 120,695,520.90. ETH prices reflect a -2.21% dip over 24 hours, showcasing volatility in recent months. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 18:21 UTC on November 29, 2025. Source: CoinMarketCap Insights from Coincu suggest the preponderance of DeFi projects on nascent chains, like Converge, pose inherent risks. Past precedents and current data indicate a potential for developmental stagnation when heavy… The post Terminal Finance Ends Project Amidst Converge Chain Delays appeared on BitcoinEthereumNews.com. Key Points: Converge chain delays cause termination of Terminal Finance project. User funds remain secured and fully withdrawable. Community mixed on transparency, project dependency. Ethena’s incubated project, Terminal Finance, announced termination after Converge chain’s mainnet launch failed, securing user funds and maintaining Pendle position rewards. This event underscores risks tied to DeFi projects reliant on emergent blockchains, emphasizing integrity in decision-making and maintaining user trust amid operational challenges. Converge Chain Delays Halt Terminal Finance Operations Following termination, the financial landscape remains stable, with approximately $280,000,000 held through assets such as WETH, WBTC, and stablecoins unaffected. Pendle holders retain their earnings, continuing to accrue Ethena Sats and other rewards. Official statements highlighted integrity as a guiding principle over progressing a potentially doomed venture. Community reactions were diverse; while some advocated transparency and sound decision-making, others disagreed, attributing failure to Converge dependency. Authorities and crypto leaders have not engaged publicly at this stage. Community reactions were diverse; while some advocated transparency and sound decision-making, others disagreed, attributing failure to Converge dependency. Authorities and crypto leaders have not engaged publicly at this stage. Market Dynamics and Historical Parallels Did you know? The collapse of Converge chain coordination mimics historical blockchain inadequacies, rare in occurrence but deeply impactful, reflecting cases like Cofound.it’s 2017 fall. As of CoinMarketCap, Ethereum (ETH) holds a market cap of $359,297,383,146, with 24-hour trading volumes down by 33%. Current market prices sit at $2,976.89, with a circulating supply of approximately 120,695,520.90. ETH prices reflect a -2.21% dip over 24 hours, showcasing volatility in recent months. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 18:21 UTC on November 29, 2025. Source: CoinMarketCap Insights from Coincu suggest the preponderance of DeFi projects on nascent chains, like Converge, pose inherent risks. Past precedents and current data indicate a potential for developmental stagnation when heavy…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more