As the AI stocks on Wall Street sold off, most people in crypto still didn’t see it as their problem.

But the Nasdaq closed down 1.07%, Marvell fell 12.72%, Astera Labs dropped 11.22%, and the VIX rose 8.91%. The Dow still closed up 0.41%, while the S&P 500 fell 0.51%.

The connection is closer on-chain: platforms like MSX have listed hundreds of RWA tokens tracking US stocks and ETFs such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD. It’s like the same stock sitting at two counters: one runs on New York time, the other on blockchain time. Sooner or later, their prices will have to align.

Two counters, one set of assets.

Before they align, let’s look at the US closing prices.