Oil Prices Extend Losses; Brent Down 2%, WTI Down Over 2%

This is a straightforward risk-off move in crude, but the absence of any stated catalyst leaves the driver ambiguous — whether it reflects demand concerns, supply-side expectations, or broader macro positioning is the key question. For crypto and RWA markets, the read-through is indirect: energy-led inflation swings feed into the rate narrative that has driven correlation between digital assets and macro. The open question is whether this crude weakness persists and starts to shift the inflation and policy expectations that tokenized real-world assets and crypto more broadly trade against.