Nomura Securities: Bank of England seen cutting rates by 25bps in both April and July

On March 11, Japanese Prime Minister Kishida Fumio said Japan will unilaterally release strategic oil reserves to mitigate the impact of the Middle East conflict. Speaking in an NHK-broadcast address Wednesday, Kishida noted the release could start as early as March 16, covering the equivalent of 15 days of private oil reserves and one month of national reserves. This comes as the International Energy Agency (IEA) proposed an emergency oil reserve release—potentially the largest in the agency’s history—with a decision expected later Wednesday. Separately, Germany’s economy minister stated the country will release some national oil reserves, though specific details remain to be finalized. (FXStreet)

March 11 — The U.S. Department of Justice (DOJ) has launched an investigation into Iran’s alleged use of Binance to evade U.S. sanctions. The probe stems from February 202X disclosures by Fortune, which first reported Binance fired multiple compliance investigators who flagged potential violations. Internal documents show Iran-linked entities moved over $1 billion via Binance between March 2024 and August 2025, using Tether (USDT) stablecoins settled on the Tron network — transactions that could breach U.S. sanctions. Since late 2025, at least five investigators (many with European/Asian law enforcement backgrounds focused on global financial crime and sanctions evasion) have been fired. Four senior compliance staff have also resigned or been forced out in the past three months. Binance CEO Changpeng Zhao (CZ) responded to compliance questions on Feb. 25, saying the firm’s work probing complex off-chain transfers “precisely demonstrates high compliance standards.” This late

March 11 — The U.S. Department of Justice (DOJ) has opened an investigation into Iran’s use of crypto exchange Binance to evade sanctions, focusing on funds funneled through the platform to networks backing terrorist organizations, The Wall Street Journal reported Monday. Sources familiar with the matter said the probe stems from an internal Binance review of more than $1 billion in Iran-related transactions.

March 11th — Per DefiLlama data, the overall trading volume of on-chain perpetual futures DEXs (Perp DEXs) has seen a slight decline, but open interest remains elevated, indicating leveraged positions haven’t unwound. Previously fueled by macro developments, the market’s trading volume surged sharply; currently, amid a lull in news flow, the market lacks clear directional momentum. **Key Details:** Hyperliquid’s 24-hour trading volume is down ~21% from yesterday, with its WTI crude oil contract volume dropping 33% to ~$1.2 billion. Below is the ranking of major Perp DEXs by 24-hour trading volume: - **Hyperliquid** [https://app.hyperliquid.xyz/join/NTOD]: ~$79.5B (24h vol) | ~$45.1B (TVL) | ~$60.9B (open interest) - **Aster** [https://www.asterdex.com/en/referral/aboter]: ~$30.6B | ~$9.42B | ~$20.2B - **EdgeX**: ~$26.7B | ~$1.78B | ~$10.7B - **Lighter** [https://app.lighter.xyz/?referral=70045843]: ~$22.8B | ~$6.26B | ~$6.46B - **Grvt**: ~$15.1B | ~$1.04B | ~$4.90B

On March 11, Bank of England Deputy Governor Broadbent stated the central bank will review whether the 60:40 reserve backing ratio for stablecoins is overly conservative. (Gold10)

**Metaverse Tokens Post Broad Gains on March 11: HTX Market Data** Key token performance (24-hour change + current price): - PIXEL: +203.16% → $0.01616 - XAI: +55.86% → $0.01476 - PORTAL: +29.07% → $0.01523 - AI: +19.02% → $0.0244 This format aligns with U.S. news brief conventions: concise headline, clear data breakdown, and scannable bullet points for quick reading.