US stocks rise over 1%, semiconductor index up 1.3%, Russell 2000 up 0.8%

The breadth here is the story: large caps, semiconductors and small caps all advanced together, while the VIX dropping toward 18 suggests the move reflects easing risk aversion rather than a single-sector bid. That matters for crypto and RWA markets, which have tended to track broader risk appetite, since a calmer volatility backdrop is the kind of environment in which tokenized assets and digital-asset liquidity tend to find firmer footing. The open question is whether this breadth holds or narrows back to semis, and whether the VIX stays subdued once the session's initial relief fades.