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BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8

Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming fraud against creditors. Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. Not even Sam Bankman-Fried was capable of such delusion, Winklevoss wrote in the letter.

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Source: Cryptocurrency - investing.com

Yellen urges US-China cooperation on economy, climate

Coinbase was aware of securities law violations, the SEC claims in letter