Dow futures rise more than 1%

A broad futures move without an identified catalyst is a reminder of how much of the current equity tape is driven by positioning and sentiment rather than discrete news. For crypto and RWA markets, the read-through is indirect: risk appetite in blue-chip equities often sets the tone for how adjacent risk assets are treated at the open, but the absence of a stated driver makes that signal weak. Whether the gain holds once cash trading begins, and whether any catalyst emerges to explain it, is the open question.