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Oil surges past $110 as Middle East risk premium roils markets

Crude ripped higher, with Brent topping $110 and U.S. crude posting its biggest one-day dollar gain in six years, after heightened war rhetoric and disruptions around the Strait of Hormuz stoked supply fears. Strategists warned inventories could fall to “critically disruptive” levels, re‑pricing inflation and rate expectations and pressuring risk assets as energy costs climb.

Source: Seeking Alpha; Seeking Alpha; MarketWatch


Microsoft commits $10B to accelerate AI build‑out in Japan

Microsoft unveiled a $10 billion investment plan to expand AI infrastructure and capabilities in Japan, including new data center capacity and workforce skilling. The move underscores intensifying global AI capex and positions Japan as a key Asia hub for cloud and next‑gen AI services.

Source: Seeking Alpha


U.S. Treasury begins formal rollout of GENIUS Act stablecoin regime

The Treasury and OCC kicked off the primary rollout of the GENIUS Act, opening a 30‑day registration window for payment stablecoin issuers and detailing 1:1 high‑quality liquid reserve, segregation, and two‑day redemption mandates. The framework aims to “harden” the dollar’s role in digital finance, standardize audits and disclosures, and unlock broader institutional adoption.

Source: FinanceFeeds


Coinbase wins conditional OCC national bank trust charter

The OCC granted Coinbase conditional approval for a national bank trust charter, giving the exchange a unified federal perch to expand custody and market‑infrastructure services without becoming a deposit‑taking bank. The step tightens regulatory alignment for institutional clients and signals ongoing convergence of crypto market plumbing with U.S. banking oversight.

Source: FinanceFeeds


CFTC sues three states to assert federal control over prediction markets

Escalating a jurisdictional clash, the CFTC filed lawsuits against Illinois, Arizona and Connecticut, arguing its “exclusive” Commodity Exchange Act authority preempts state attempts to police federally regulated event‑contract venues. A win would reduce regulatory fragmentation and provide much‑needed clarity for exchanges and liquidity providers in this fast‑growing market.

Source: FinanceFeeds


UK secures tariff‑free access for British pharma exports to U.S.

London and Washington agreed that British drug exports—worth roughly £5bn annually—will be tariff‑free for at least three years. The deal eases a looming trade headache for UK pharma, reduces cost uncertainty, and tempers fears of new levies amid a more protectionist backdrop.

Source: Seeking Alpha


FINRA launches threat‑intelligence hub to combat cyber and fraud risks

FINRA rolled out its Financial Intelligence Fusion Center, a centralized platform for member firms to share and access real‑time cybersecurity and fraud intel. Built on a multi‑firm pilot, the hub is designed to accelerate detection, coordination and resilience across the brokerage ecosystem as attack vectors grow more sophisticated.

Source: FinanceFeeds


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Business — April 3, 2026 | Briefing24