EUR/USD 1.15343
0.029%
Gold 4059.61
0.216%
Oil 77.897
-6.305%
USD/JPY 156.659
-1.581%
GBP/USD 1.34696
-0.048%
GBP/JPY 211.016
-1.629%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to iPaper: British Prime Minister Burnham may deliver another Kings Speech to outline his governments new priorities.On August 3rd, the dollar continued its decline on Monday as joint intervention by the US and Japan in the currency market supported the yen. However, the root cause of the dollars recent weakness can be traced back to last weeks Federal Reserve meeting. At that time, the Fed decided to keep interest rates unchanged, raising questions about the new Chairman Warshs ability to combat inflation. ING FX strategist Francesco Pesole said, "It all started after the Fed meeting, when the market held a large number of long dollar positions. Positioning indicators show that short-term investors are generally heavily long on the dollar." Some strategists pointed out that to avoid further pressure on the dollar, the US Treasury might use euros instead of dollars to fund its yen purchases. Pesole said many traders are considering whether to shift to building long-term short dollar positions. However, he believes that Japans intervention in the currency market is only a temporary measure, and the Feds policy will ultimately determine the dollars trajectory. Jefferies strategist Mohit Kumar pointed out that if oil prices do not fall significantly, the Feds inaction on inflation will undermine Warshs credibility. Furthermore, he said, "Besides intervention, I think the fundamentals remain unfavorable to the yen and favorable to the dollar. The pressure on the Fed to raise interest rates will continue to increase."On August 3rd, Xiabuxiabu Group (00520.HK) released its interim results forecast for the six months ended June 30, 2026. The announcement shows that the Group expects to achieve operating revenue of approximately RMB 1.5 billion in the first half of the year, a decrease of approximately 23% compared to the same period in 2025. The Group expects a net loss of RMB 29 million to RMB 39 million, compared to a net loss of RMB 81 million in the same period last year, representing a year-on-year narrowing of losses by 51% to 64%. The results forecast also shows that the Groups asset impairment losses for closed and long-term loss-making stores decreased by approximately 30% compared to the same period in 2025.Kazakhstan plans to sell up to $300 million in foreign exchange from its oil fund in August.European Commission President Ursula von der Leyen: We must do more to strengthen border control, including close monitoring and physical barriers.

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.

Suggestion