Dow futures rise 2%, S&P 500 futures up 1.2%, Nasdaq 100 futures gain 0.4%

The gap between blue-chip and tech futures is the tell: leadership is rotating toward cyclical, old-economy exposure rather than the growth names that have driven recent index gains. For crypto and RWA markets, that matters because digital assets have traded as long-duration risk, so a broadening equity bid that favors value over growth may not translate into the same tailwind tokens have come to expect. Whether the Dow's outperformance persists through the cash session, or fades as it often does after pre-market spikes, is the open question.