June 2022 Crypto Industry Updates

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The content will be sorted chronologically, last at the bottom.

  • Circle has launched the Euro Coin (EUROC).
    • Euro coin (EUROC) Circle issues USD Coin (USDC) with the same full reserve model
    • Circle will hold them in euro-denominated bank accounts at major financial institutions, starting with Silvergate Bank in the US.
    • A standard Ethereum ERC-20 token
    • It will officially launch on June 30th with the support of many ecosystem leaders, including:
      • Exchanges: Binance.US, Bitstamp, FTX, Huobi Global
      • DeFi: Composite, Curve, DFX, Uniswap Protocol
      • Sponsors: Anchorage Digital, CYBAVO, Fireblocks
      • Wallets: Ledger, MetaMask Institutional
  • ProShares Short Bitcoin ETF (BITI) Launched on NYSE (June 21-22)
    • America's only fund offers its investors to trade Bitcoin in both directions
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He started investing in crypto towards the end of 2020.



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