#tradeweb-markets

#tradeweb-markets

This is a tough environment. It reminds me of the motto: Stay calm, stay positive, never give up. Conditions are not always perfect. There's noise, but you stay the course-you don't lose sight of what's important.

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.

Hedge funds and other money managers spent $2.8 billion on alternative data in 2025, according to a new report from consultancy Neudata, a 17% jump from the year before. It's more than double what asset managers spent on alternative data in 2021, which includes a wide range of non-traditional information sources. The report projects that the total spend on alternative datasets could jump to more than $23 billion in the consultancy's bull case in 2030 and just under $8 billion in the bear case.

People around the world are trying to access the U.S. market, but they're often unable to-there's a lot of hoops to jump through. The most exciting thing is that this partnership allows us and ICE to bring twenty-four-seven, tokenized securities-all the equities on the New York Stock Exchange-onto the OKX app. American stocks should be accessible to people around the globe.

Byrd argued that once a miner has built a data center and signed a long-term lease with a creditworthy counterparty, the asset should be valued for stable, long-term cash flow rather than bitcoin exposure. He likened these sites to data center real estate investment trusts (REITs) such as Equinix (EQIX) and Digital Realty (DLR), which trade at high multiples due to scale and predictable revenue.

The current pressure is largely driven by tensions in the Middle East, as signals from the U.S. and Iran remain conflicting. While the U.S. has indicated that negotiations are ongoing, Iran has firmly denied any talks, increasing uncertainty around the prospects of de-escalation.

Intercontinental Exchange has completed a $600 million direct cash investment in prediction market platform Polymarket as part of a broader equity fundraising round. This investment follows ICE's previously disclosed $1 billion commitment made in October 2025, fulfilling its obligations under the investment agreement.