[Scilex Plans to Exchange $200 Million in Bitcoin for Subsidiary Shares] Scilex Holding Company (NASDAQ: SCLX) announced that it has signed a Securities Purchase Agreement (SPA) with institutional investors, planning to exchange $200 million worth of Bitcoin for common shares of its subsidiary, Semnur Pharmaceuticals, Inc. According to the agreement, investors will purchase 12,500,000 shares of Semnur common stock held by Scilex at a price of $16 per share, for a total transaction value of $200 million. The transaction is expected to close around September 23, 2025.

[Latest Update on the 'Crypto Market Structure Bill' by U.S. SEC Chairman] According to Golden Finance, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has provided the latest update on the 'Crypto Market Structure Bill.' Paul Atkins stated, 'Introducing the Market Structure Bill is crucial... We hope to see the bill ultimately enacted and passed.'

Tokenization of real world assets (RWA) on blockchain rails is not a futuristic thought experiment, argues Nick Cherney, head of innovation at Janus Henderson Investors. It is happening right now.

[Bowman: Supports 25 Basis Points Rate Cut, Emphasizes Importance of Job Market] Golden Finance reports that Federal Reserve Governor Bowman stated support for a 25 basis points rate cut, but more importantly, the Fed is now actively supporting the job market.

[Seedify SFUND Cross-Chain Bridge Hacked, Founder Seeks Assistance in Tracing] The founder of Web3 incubator and launchpad platform Seedify, Meta Alchemist, stated on the X platform that their SFUND cross-chain bridge was recently hacked and is currently under investigation. According to the report, the cross-chain bridge contract had been operating stably for over three years, and all related contracts had undergone audits. Seedify has contacted LayerZero and will continue to provide updates on the investigation's progress while actively cooperating with law enforcement and cybersecurity teams to track the hacker. Meta Alchemist also issued an urgent plea to blockchain analyst @zachxbt, offering a substantial reward to assist in locating the hacker and resolving the crisis. It is reported that the hacker is minting tokens through the cross-chain bridge and transferring assets stolen from the liquidity pool, making the situation critical.