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The Indonesian rupiah rose to 17,690 against the US dollar, its highest level since mid-June.August 21st - According to the Hainan Provincial Meteorological Department, a tropical depression in the South China Sea is expected to linger over the northern Beibu Gulf and Qiongzhou Strait for an extended period over the next three days, gradually intensifying into a tropical storm. From August 22nd to 24th, affected by this storm, the northwestern half of Hainan Island will experience heavy to torrential rain, with localized areas experiencing extremely heavy rain, while other areas will see moderate to heavy rain, with localized areas experiencing torrential rain. From the 22nd to the 24th, most sea areas of Hainan Province will experience gusts of 8-9 on the Beaufort scale, with gusts reaching 9-10 in the northern Beibu Gulf. Prolonged closures of shipping in the Qiongzhou Strait are possible.On August 21st, the A50 index surged in early trading on Friday, and major A-share indices also rebounded collectively, with AI-related sectors such as CPO and liquid cooling showing significant strength. Meanwhile, the South Korean stock index reversed its losses and rose sharply. The Japanese stock market also saw its losses narrow significantly. Three major positive factors emerged from overseas markets. First, US Treasury yields, which had been a concern for the market, initially fell across the board after the Asian markets opened, and the change in expectations in the US Treasury market opened Pandoras box for a weak dollar, which is beneficial for equity valuations. Second, the Korea Exchange activated the Sidecar mechanism, suspending programmatic selling on KOSDAQ. Finally, the storage industry also received a major boost. Micron Technology stated that artificial intelligence has fundamentally changed the cyclical nature of the storage industry, which has historically been trapped in cycles of boom and bust.On August 21, Guangzhou Rural Commercial Bank Co., Ltd.s Huaxia Branch filed for bankruptcy liquidation against Evergrande Real Estate Group Co., Ltd., citing the companys inability to repay its debts and insufficient assets to cover all liabilities. The Guangzhou Intermediate Peoples Court of Guangdong Province, after review, determined that the application met the requirements of Article 2, Paragraph 1 of the "Enterprise Bankruptcy Law of the Peoples Republic of China" and ruled on August 21, 2026, to accept the bankruptcy liquidation application filed by Guangzhou Rural Commercial Bank Co., Ltd.s Huaxia Branch against Evergrande Real Estate Group Co., Ltd.On August 21, according to the Financial Times, sources revealed that Ukraine is seeking approval to use drones equipped with the Starlink system to strike ballistic missile silos within 200 kilometers of Russian territory due to a severe shortage of air defense interceptors in Kyiv. This move requires approval from Elon Musk, whose stance on Ukraine and its use of his satellite internet service has been inconsistent. Another potential obstacle is the recent dismissal of Mikhailova Fedorov, the former Defense Minister who directly communicated with Musk in Kyiv. Previously, Ukrainian President Zelenskyy had repeatedly requested more interceptor missiles from US President Trump and other partners. Military analyst Franz-Stefan Gady stated that even under the most ideal circumstances, Ukraine is unlikely to acquire a sufficient number of interceptor missiles in time to maintain its current air defense strategy. He described Ukraines current strategy as "essentially an attempt to shoot down incoming ballistic missiles."

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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