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June 22nd - XPeng Motors announced on June 22nd that the first SUV in the XPeng MONA series will be officially named L03. In the MONA series, M represents sedan and L represents SUV.On June 22, Ant Group announced on its official website that it has completed the reshuffling of its board of directors: Bai Chongen, Dean of the School of Economics and Management at Tsinghua University; He Xiaopeng, Chairman and CEO of XPeng Motors; and Zeng Shunfu, former CEO of Deloitte China, have been appointed as new independent directors; Laura Cha, former Chairman of the Hong Kong Stock Exchange, and Zhang Hongjiang, a globally renowned AI scholar, remain in their positions. Following the reshuffle, Ant Groups board of directors maintains a nine-member structure, with independent directors comprising over 50%, demonstrating continued optimization of its governance structure.June 22 - A poll released on the 21st showed that Israeli Prime Minister Benjamin Netanyahus approval rating has plummeted from 40.5% in early March to 29.4%. The poll, conducted jointly by the Hebrew University of Jerusalem and the Agam Lab think tank from June 17th to 20th, included 3,644 respondents. The results indicate that the Israeli government is facing a crisis of confidence. Although Netanyahu claims Israel has achieved success in its military operations, 72.5% of respondents said they did not believe him, and 56.4% considered his performance in military operations to be "failures" or "poor." The poll also showed that 63.2% of respondents opposed the agreement between the US and Iran, while only 12.1% supported it. 48.2% of respondents supported another large-scale Israeli military strike against Hezbollah in Lebanon, even if it could lead to confrontation with the US; only 21% opposed it.June 22 – The 4th China International Blockchain Expo opened in Beijing on June 22. Yum China (09987.HK), a restaurant company participating for the third consecutive year, set up an immersive booth in the Green Agriculture Chain exhibition area. The company has built its own Chuansheng Supply Chain, with 35 logistics centers covering more than 2,600 towns and cities, and has established a collaborative system linking more than 850 suppliers, supporting the large-scale operation of its more than 18,000 stores.June 22nd - During the Dragon Boat Festival (June 19th-21st), Gongbei Customs processed 64,000 vehicles entering and exiting through the Hong Kong-Macau Bridge port, a year-on-year increase of 7.6%; among them, 44,000 were vehicles traveling from Hong Kong to the mainland or from Macau to the mainland, a year-on-year increase of 32.9%. Since the beginning of this year, the average daily vehicle throughput at the bridge port has reached 19,000 vehicles; during the Dragon Boat Festival, the average daily vehicle throughput reached 21,000 vehicles, a 10.5% increase compared to normal days, with 23,000 vehicles on June 21st.

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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