Nasdaq futures extend decline to 2.5%

The headline number matters less than the absence of a stated catalyst: a 2.5% futures move this size usually carries a narrative, and none is offered here, which itself signals how headline-driven and fragile sentiment currently is. For crypto and RWA markets, the read-through is correlation, not causation — tech futures weakness tends to pressure risk appetite broadly, and tokenized-equity and RWA venues increasingly track the same risk pulse. The open question is whether this deepens into a sustained de-risking or fades as a single-session air pocket; direction from here is what to watch.