[RWA Weekly: Over 100 U.S. crypto companies jointly urge the Senate to advance the Clarity Act; multiple exchanges complete SpaceX Pre-IPO asset certificate distribution] The total on-chain market value of RWA surpasses $30 billion, stablecoins remain steady above $301 billion, retail participation continues to recover, and market structure trends toward health. Over 100 U.S. crypto companies push for Clarity Act legislation, and the Hong Kong Securities and Futures Commission allows secondary market trading of tokenized products.