STOXX 600 Falls 1.04% to 630.02 in Preliminary Close

The breadth is the signal here: the eurozone's blue-chip STOXX 50 fell harder than the wider STOXX 600 and the FTSE Eurofirst 300, suggesting the selling concentrated in larger, more internationally exposed names rather than a uniform risk-off move. For crypto and RWA markets, European equity weakness matters mainly through the risk-sentiment channel, since digital assets have traded increasingly in step with broad risk appetite. Whether this proves a one-session pullback or the start of a sustained de-risking phase is the open question, and the next session's breadth will be the tell.