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Hong Kong-listed AI application stocks continued to decline, with MINIMAX-W (00100.HK) falling more than 13%, Zhipu (02513.HK) falling more than 9%, and Xunze (03317.HK) and WeRide-W (00800.HK) following suit.On June 5th, it was reported that Toyota has halted the development of the Lexus LF-ZC all-electric sedan. Originally planned for production at Toyotas Tahara plant in Japan by the end of 2026, the LF-ZC was postponed to mid-2027, and now it has been suspended. A Toyota China representative responded, "The suspension of this models development is mainly due to changes in market demand. This is part of the companys overall vehicle development project adjustments, but it does not mean the company has abandoned BEVs (battery electric vehicles)." Industry insiders believe this adjustment stems from changes in electric vehicle policies in the US and Europe. For example, the US has eliminated the $7,500 federal tax credit for new electric vehicles; the EU has withdrawn its policy of banning the sale of internal combustion engine vehicles by 2035 in principle. Another factor is increased market competition, especially given the clear advantage Chinese brands have over Japanese automakers in the new energy vehicle sector.June 5th - The Huawei Cloud INSPIRE Innovator Conference opened at the Shanghai West Bund International Convention and Exhibition Center. At this new product launch event, Huawei Cloud officially proposed the new paradigm of Agentic Infra and released a series of new Agentic AI products, including the Agentic Infra integrated intelligent infrastructure, a new generation model training and promotion platform, and an enterprise-level intelligent agent platform.June 5th, Futures News: Economies.com analysts latest view: In recent intraday trading, spot gold prices failed to break through the key resistance level of $4,500 and subsequently declined. This pullback was also suppressed by the 50-day EMA, forming strong technical resistance and blocking recent attempts to rebound. Furthermore, the Relative Strength Index (RSI) began to show bearish divergence after entering overbought territory, further increasing downward pressure. These negative signals have amplified the markets selling momentum, making the short-term outlook remain cautious.June 5th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices rose slightly in recent intraday trading, having previously found support near the EMA50. The recent pullback has helped establish higher lows, laying a more solid foundation for the continuation of the subsequent rebound trend. Technical indicators also show signs of improving momentum, with the RSI forming a bullish divergence after hitting oversold levels. These positive signals increase the likelihood of further upward movement, especially if oil prices can continue to hold the current support level.

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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