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On June 11th, it was reported that XPeng is expanding into a new business area, officially entering the yacht industry and launching a yacht project codenamed "Flying Fish." XPeng also established a dedicated R&D team earlier this year, which now numbers nearly 100 people. The project is led by Qian Zhanwei, head of XPengs vehicle architecture department. However, the project is still in the R&D stage, and specific product details, technical parameters, and launch date have not been disclosed. XPeng stated that it was "unaware of this matter." While XPeng did not comment on the yacht development news, it is not uncommon for automakers to venture into the yacht industry. Previously, brands such as Mercedes-AMG, Lamborghini, Porsche, and Lexus have already entered this field, albeit in various ways.The European Central Bank will announce its interest rate decision in ten minutes.June 11th - Forex strategist Karamanis stated that euro options indicate traders expect another calm day for the ECB decision, as the rate hike has already been fully priced in by the market, and this meeting is largely seen as procedural. The euro could see volatility if officials hint at a possible consecutive rate hike in July, rather than a pause until September (a probability currently priced in by the swap market at less than 50%). However, for the forex market to experience significant volatility, the markets pricing in three rate hikes before the end of the year would need to be substantially challenged. Lagarde is unlikely to do much in this regard – she is expected to offer little beyond reiterating that future decisions will rely on data.According to the Wall Street Journal: Nvidia (NVDA.O) is collaborating with Abridge to develop artificial intelligence medical models.On June 11th, Nanjing held a football work conference. The conference heard reports on the construction of a key national football development city, the development of school football in the city, and preparations for the Jiangsu Super League. Representatives from relevant municipal departments also shared their experiences. The conference emphasized the need to fully implement key tasks for football reform and development. Focusing on "nurturing talent," the conference stressed strengthening the youth training system, consolidating the foundation of school football, ensuring smooth career advancement channels for players, and promoting the large-scale growth of young football talent. Focusing on "strengthening teams," the conference called for promoting the healthy development of professional football teams, cultivating a fertile ground for social football, and solidifying support for professional teams. Focusing on "building a brand," the conference emphasized actively introducing high-level competitions, organizing local competitions effectively, and continuously amplifying the spillover effects of competitions to enhance Nanjings football reputation through high-quality events. Focusing on "optimizing the ecosystem," the conference stressed the importance of strengthening football culture and industry management, creating a clean and healthy football environment, and continuously injecting vitality into football development.

Carbon Neutral Bitcoin and Ethereum ETPs Listed on Swiss Exchange

Cory Russell

Apr 12, 2022 10:43

The two new ETPs on SIX are Bitcoin Zero (BTCO2) and Ether Zero (ETH2O).


The ETPs are the product of a campaign known as "Crypto becomes carbon neutral."


The debut took place at a time when the stock market was in free collapse.


While the crypto market and the stock market are two distinct things, investors can't seem to get enough of both. As a consequence, we are seeing the emergence of Exchange Traded Products (ETPs) (ETPs).


People desire something more sustainable even inside these ETPs, and carbon-neutral ETPs have been designed to meet that need.

Crypto Becomes Carbon Neutral

The influence of crypto on the environment has been a long-debated matter, with no clear answer in sight.


To put a stop to this, the European Union nearly outright outlawed proof of work, but the majority of members voted against it, saving Bitcoin, Ethereum, and other (PoW) cryptocurrencies.


Other businesses, on the other hand, are still attempting to become carbon-neutral, as did an ETP provider for the stock market.


In collaboration with the Swiss FinTech Innovation Lab of the Institute for Banking and Finance at the University of Zurich, Helveteq, a Swiss issuer of ESG-transparent investment products, launched the research-based project "Crypto becomes carbon neutral."


The two ETPs, Bitcoin Zero (BTCO2) and Ether Zero (ETHZ), were born from it (ETH2O).


"It is time to give investors the first carbon neutral crypto ETPs from a Swiss issuer," Dr. Christian Katz, the CEO of Helveteq, said. The relationship between the environment and the blockchain economy is becoming more widely recognized, and we must all work together to create long-term solutions."


These ETPs will be added to SIX's pool of 240 other investment products.

Perhaps Now Isn't the Best Time?

The introduction of the ETPs, which was announced today, was not the best timing given the current state of the crypto market. The market has lost more than $122 billion in total, forming a 6.25 percent long red candle.


However, even before today, the overall market capitalization had fallen below $2 trillion, and is at $1.841 trillion. As a result, there's a significant likelihood that this will have a detrimental impact on the launch of these ETPs.

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