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On March 19th, Shigeto Nagai, Head of Japan Economics at Oxford Economics, stated that given the possibility of stagflation in the Japanese economy, they now expect the Bank of Japan to postpone its next interest rate hike from June to July. Thereafter, they anticipate the central bank will continue to gradually raise rates in the first and third quarters of 2027. In the short term, rising energy costs will re-accelerate supply-side driven inflation. They now believe that core CPI will not return to 2% until the second quarter of 2027, rather than the fourth quarter of 2026. Despite a strong expected outcome from the spring wage negotiations, higher inflation will limit real income growth. Therefore, they have lowered their 2026 real GDP growth forecast by 0.4 percentage points to 0.3%. Despite concerns about inflationary pressures and a weaker yen, they believe the Bank of Japan may become more cautious about raising interest rates, prioritizing the impact on corporate profits and real household income.Market news: On Thursday, the Japanese House of Representatives approved the addition of two dovish monetary policy strategists nominated by Prime Minister Sanae Takaichi to the central banks board of directors: Toichiro Asada and Ayano Sato. This move could influence the central banks decisions on the timing and pace of further interest rate hikes.1. JD Cloud: Offers greater discounts on multiple products, with an average price reduction of over 16%. 2. Alibaba Cloud: AI computing power and storage products see price increases of up to 34%. 3. Baidu AI Cloud releases price adjustment announcements for AI computing power, storage, and other products. 4. Ma Huateng publicly discusses "shrimp farming" for the first time: it can be combined with WeChats decentralized philosophy. 5. MiniMax releases its new generation large-format model M2.7. 6. Xiaomi releases its large-format model MiMo-V2-Pro. 7. Germany plans to significantly increase AI computing power. 8. HSBC reportedly considers large-scale layoffs; AI restructuring may affect approximately 20,000 jobs. 9. Foxconn and SAP sign strategic cooperation agreement to accelerate AI-driven manufacturing and supply chain transformation. 10. AI security startup Xbows valuation surpasses $1 billion. 11. Samsung Electronics and AMD sign memorandum of understanding to explore foundry cooperation.The UKs Office of Maritime Trade Operations said it had received a report of an incident that occurred 4 nautical miles east of Ras Lafan, Qatar.The head of Japans financial regulator said that a clear growth plan is the best defense against short-term speculators.

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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