Base TVL doubles in a month as pundits tip memecoins to drive adoption

U.S. President Trump posted on social media demanding that Powell immediately resign from his position as a Federal Reserve governor, threatening that if he refuses, the U.S. government will sue him for corruption or misconduct. This statement stems from a report released by the Federal Reserve's internal inspector general, which, although it did not find any criminal violations, revealed several management failures that led to severe budget overruns in the headquarters renovation project.

Storage chip giant Micron Technology released its financial results for the fourth quarter of fiscal year 2026 after the market closed on Wednesday. Both revenue and profit exceeded Wall Street expectations, and the company provided stronger-than-expected guidance for the next quarter.

The Federal Reserve has officially approved two final rules aimed at increasing transparency and reducing capital requirement volatility by approximately 50%. The new regulations will seek public comments on stress test scenarios and will calculate the capital buffer based on the average of the results from two consecutive years of testing. This averaging mechanism will take effect in 2028. The reforms are the result of years of negotiation within the banking sector and have been welcomed by industry groups. However, critics such as Governor Barr warn that the reforms will weaken the constraints of stress testing and reduce the overall resilience of the banking system.