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September 22 – Since the beginning of this year, leveraging its geographical and transportation advantages, the Khorgos Port, the largest land-based export port for automobiles in China, has seen a continuous surge in automobile exports, becoming a core growth driver for improving the quality and efficiency of Xinjiangs foreign trade. According to statistics from Khorgos Customs, from January to August this year, Khorgos Port exported 344,000 vehicles, a year-on-year increase of 33.3%. In addition to traditional gasoline-powered vehicles, the proportion of new energy passenger vehicles and commercial vehicles exported has increased significantly.Hong Kong-listed mainland property stocks retreated and weakened, with Sunac China (01918.HK) falling more than 8%, Jinhui Holdings (09993.HK) falling more than 4%, and Longfor Group (00960.HK) and R&F Properties (02777.HK) following suit.On September 22, the foreign ministers of the G7 countries called on Iran to halt its arms and support support to the Houthi rebels in Yemen, saying it constitutes a dangerous escalation pattern that could disrupt international trade and create global instability. The foreign ministers of the United Kingdom, Canada, France, Germany, Italy, Japan, and the United States issued a statement after meeting on the sidelines of the UN General Assembly, saying: "We condemn in the strongest terms the unacceptable attacks carried out by the Houthis in Yemen and against Saudi Arabia." "We call on the Houthis to immediately cease all military operations, all threats and attacks against civilian shipping, and to genuinely return to the political process."Market news: South Korea briefed lawmakers on nuclear power plants, Texas power plants, and Alaskan liquefied natural gas projects, with a focus on the Texas energy project.On September 22, South Korean Minister of Trade, Industry and Energy Kim Jong-kwan stated that the government has selected its first project under the $350 billion investment agreement reached between South Korea and the United States, and will brief lawmakers on two other projects under consideration. Seoul has not yet decided whether to proceed with the other two projects, but both reflect "the common interests of both countries." Kim Jong-kwan did not provide further details. After being briefed, South Korean lawmaker Chung Chin-ook stated that South Korea has decided to include a gas-fired power plant in Texas as the first investment project in the US under the aforementioned trade agreement. As part of a larger-scale nuclear energy investment plan under study, South Korea is discussing with the US investment in two APR1400 nuclear reactors designed in South Korea. South Korea is also seeking to acquire a 5% to 10% stake in Westinghouse Electric, a US nuclear power company. The South Korean lawmaker noted that the Alaska LNG project has not yet been confirmed for inclusion in the US investment plan.

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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