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According to a Nikkei survey, Japanese Prime Minister Sanae Takaichis approval rating has dropped to 66%.On May 31, White House National Economic Council Director Hassett stated on Sunday that the way the media reports economic news often leads to an overemphasis on the most serious problems at a particular moment. "One thing Ive noticed in the White House is that whenever a consumer price index looks a little disappointing, we just talk about that one thing," Hassett said during an appearance on ABCs "This Week." He was referring to gasoline prices and their impact on inflation. Hassett stated that everyone should look at the big picture, not just energy prices or a particular area of the economy that is temporarily experiencing difficulties. "What you should do is take these fluctuations in stride and focus on changes in real wages," he said. "If you look closely, youll see that increased employment, a rising stock market, and strong corporate profits are translating into higher wages."Iranian President: In the face of major challenges, no society can expect to move forward without enduring difficulties.Iranian President: It is necessary to be honest with the people about the current situation so that they can play a role in addressing the challenges.On May 31st, STMicroelectronics, a major manufacturer of MCUs and power semiconductors, issued a "Price Adjustment Notice" to its customers on May 28th, announcing a price increase for some products effective June 28, 2026. This is STMicroelectronics second price increase this year, following its initial announcement on March 24th. The fact that STMicroelectronics has announced another price adjustment just two months later highlights the continued pressure on its cost side.

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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