OSL Research Daily Brief | 2026.04.16

Market Update

1. Crypto Market: BTC rebounded to $75,400 after hitting a low of $73,550; ETH outperformed, reaching $2,385. Easing US-Iran tensions have reduced geopolitical risk premiums, boosting risk assets.

2. US Crypto Legislation: The White House is accelerating the crypto market structure bill to resolve banking-crypto disputes ahead of the midterms.

3. AI Sector: Stanford's '2026 AI Index Report' highlights rising AI power consumption and narrowing gaps between US/China models. China leads in papers/patents; the US dominates private AI investment.

4. SNB Stance: The Swiss National Bank is monitoring second-round inflation effects from Middle East conflicts and is prepared to intervene in FX markets.

5. Morgan Stanley Strategy: Morgan Stanley views tokenization and on-chain finance as key to wealth management, aiming for a 'tokenized world.'

6. Hyperliquid Activity: The HIP-3 market holds $2.1 billion in open interest, largely driven by non-crypto assets like equities and commodities.

7. Private Credit Regulation: The US Treasury is tightening oversight of the private credit sector to mitigate systemic risks.

8. Energy Market: Goldman Sachs notes oil risk premiums have dropped on US-Iran ceasefire expectations, though storage capacity buffers supply concerns.

9. Anthropic Valuation: Anthropic's valuation has surged to $800 billion, with $30 billion in annual revenue, positioning it as a potential IPO candidate.

10. X Platform: X introduced Cashtags, allowing users to view real-time data for stocks and crypto, with pilot trading features in collaboration with Wealthsimple.

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