Nasdaq 100 futures up 0.9%, S&P 500 futures up 0.5% as gains widen

The Nasdaq 100's outsized move relative to the S&P 500 signals that pre-market risk appetite is concentrated in growth and tech names rather than broad-based, which matters for crypto and RWA desks because those assets have traded as a high-beta extension of the same duration-sensitive complex. The open question is whether this futures-led firmness survives into the cash session or fades, as pre-market index moves often do absent a fresh catalyst. With no macro data or crypto-specific driver cited, the read-through is sentiment, not a change in fundamentals.