Here’s what happened in crypto today

Here’s what happened in crypto today


From license approvals and legal battles to further adoption and new ventures, the crypto ecosystem goes through myriad changes every single day, and can be hard to keep track of. Here are the highlights of the most significant developments happening in the crypto world today:

Voyager Digital creditors billed $5.1M in legal fees

New York-based law firm McDermott Will & Emery billed $5.1 million to the creditors of bankrupt crypto brokerage firm Voyager Digital for legal services offered between March 1 and May 13, 2023.

Summary of the final bill for Voyager Digital. Source: cases.stretto.com

The court documents revealed that the law firm charged Voyager Digital an hourly rate of $1,026.76 for its services during the said period.

This was the third and final bill from McDermott Will & Emery, amounting to a total compensation of $16.48 million between July 5, 2022, and May 19, 2023, of which more than half, $8.97 million, has already been paid by the creditors. 

Ledger

Winklevoss gives ultimatum to DCG’s Barry Silbert

Gemini co-founder Cameron Winklevoss has given Digital Currency Group and its CEO Barry Silbert a strongly-worded ultimatum — pay up or face a lawsuit. 

In his second open letter addressed to Silbert this year, Winklevoss slammed the DCG boss for allegedly delaying the resolution process for Gemini’s 232,000 Earn users through “abuse” of the mediation process.

Winklevoss says that around $1.2 billion in crypto is still owed to Gemini’s Earn users ever since the collapse of Genesis earlier this year. 

“I write to inform you that your games are over,” Winklevoss said. “Enough is enough.”

The Gemini co-founder has now given Silbert an ultimatum, accept his firm’s “best and final offer” by 4 pm ET on July 6 — or face a lawsuit on July 7.

BlackRock refiles for spot Bitcoin ETF

BlackRock refiled its spot Bitcoin ETF filing and named Coinbase as its previously-unstated ‘surveillance-sharing’ partner.

This news comes after a tumultuous week for would-be ETF filers. Citing improper paperwork, the United States Securities and Exchange Commission put a temporary halt on ETF applications from Blackrock, Ark, Valkyrie, WisdomTree, Invesco and others prompting a flurry of refiling activity. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.





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