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On August 25th, the Organization for Economic Cooperation and Development (OECD) released preliminary data on August 24th, showing that the GDP of OECD member economies grew by 0.5% quarter-on-quarter in the second quarter of 2026, slightly faster than the 0.4% growth in the first quarter. However, the growth rate of the G7 economies slowed, with GDP growing by 0.3% quarter-on-quarter in the second quarter, lower than the 0.4% in the first quarter. The data shows that the economic growth rates of five members—Germany, Italy, Japan, the UK, and the US—all slowed. Germany and Italy both saw GDP growth of 0.2% quarter-on-quarter in the second quarter, Japan by 0.3%, and the UK and the US by 0.4%. Canadas growth rate rose from zero in the first quarter to 0.8%, and Frances economy rebounded from a contraction of 0.1% in the first quarter to growth of 0.2%. Of the 30 OECD members with available data, 27 saw quarter-on-quarter GDP growth in the second quarter, while 3 remained flat. The GDP of OECD member economies grew by 2.3% year-on-year in the second quarter, higher than the 1.7% growth in the first quarter.On August 25, US Secretary of State Marco Rubio issued a statement on the 24th, saying he had approved the formal withdrawal of the US designation of Syria as a "state sponsor of terrorism." The Syrian transitional government welcomed the US decision. Rubio stated that the Syrian transitional government had taken significant steps in counterterrorism, and the US decision "removed the last major obstacle to private sector investment in Syria" and will "promote Syrias economic recovery and its reintegration into the global economy." In the same statement, Rubio also announced the removal of the Liberation Army of Syria (HAL) from the US list of designated terrorist organizations.UK Maritime Trade Organization: Crew reports safety, but related environmental impacts were unclear at the time of reporting.The UK Maritime Trade Organization has received reports of an incident 9 nautical miles northeast of Ash Hisha, Oman, where the tanker captain reported that the vessel was attacked by an unknown projectile, resulting in damage to the engine room and loss of power.August 25th - According to Nikkei, Japan plans to allocate approximately 100 billion yen (about US$628 million) to help domestic companies purchase submarine cable-laying vessels to mitigate risks such as rising costs. The Ministry of Internal Affairs and Communications will include this expenditure in its fiscal year 2027 budget request, scheduled for submission at the end of August. The ministry is considering covering about half of the vessel procurement costs, with each vessel potentially costing over 40 billion yen. Procurement costs have been rising due to the depreciation of the yen and increasing raw material prices. This will reportedly be the first time Japan has directly supported the procurement of submarine cable-laying vessels. The 2027 budget plans to support the purchase of 3 to 5 vessels, aiming to encourage private sector investment.

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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