Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging ‘Fraud’

Gemini and its founders sued Digital Currency Group on Friday alleging that it incurred losses due to DCG’s “false, misleading and incomplete representations” tied to DCG subsidiary Genesis’ work with Gemini on the crypto company’s Earn product.Source

U.S. Added 209K Jobs in June, Missing Expectations for 230K

The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.Source

Avail, Spun Out of Polygon, Launches Data Attestation Bridge to Ethereum

The move represents a step forward in Avail’s plan to help secondary networks in the Ethereum ecosystem to speed up their processing – by giving them an alternate way to store the data, and verify its existence and availability, besides storing it on the main blockchain.Source

BOND Token Slumps 10% as BarnBridge Faces SEC Investigation

“All work on BarnBridge-related products should stop,” an appointed legal counsel said in a Discord message viewed by CoinDesk.Source

Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team

“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.Source

Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report

The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.Source

SEC Approval of Spot Bitcoin ETF Is Unlikely to Be a Game Changer for Crypto Markets: JPMorgan

Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.Source

Shiba Inu-Based Shibarium Blockchain Expected to Go Live in August

The layer 2 network will utilize bone, treat, shib and leash tokens for applications built on the blockchain.Source

Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein

Mining stocks have been resurgent this year due to improving sentiment from institutional ETF filings and potential revenue diversification into high-performance computing and AI, the report said.Source

Sega Rethinks GameFi Plans, COO Calls Blockchain Gaming ‘Boring’: Bloomberg

Sega earlier promised it would carefully assess play-to-earn gaming models and NFTs to make sure its efforts in the space weren’t seen as “simply money making.”Source