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According to the Financial Times, GameStop (GME.N) CEO Ryan Cohen has threatened to submit its $56 billion takeover bid for eBay directly to shareholders.Cisco (CSCO.O) shares surged 20% in after-hours trading after its earnings guidance exceeded expectations.May 14 - According to Chadian media reports on May 13, a fire broke out at a fuel depot in Abeyche, the capital of the Vadai region in eastern Chad, on the evening of May 12, injuring more than 200 people. The Chadian News Agency reported that the fire occurred in the southern part of Abeyche. According to the Vadai regions health department, medical institutions have treated 206 injured people, and 53 are still under medical observation. The report stated that Chadian Deputy Prime Minister Limana Mohamed has led government officials to the scene to assess the damage and has ordered the local government to relocate all oil depots located in the city to the suburbs within 10 days.On May 14th, Futures News reported that crude oil prices rose for the third consecutive day on Wednesday. The current change rate narrowed, and refineries, facing significant losses, showed a strong willingness to maintain prices. However, crude oil prices declined during the session, leading to caution in the market. Gasoline rose by approximately 50 yuan/ton, and diesel by 20-50 yuan/ton. Terminal buyers focused on digesting existing inventory and purchasing only as needed, resulting in a flat trading atmosphere. The gasoline production-to-sales ratio was 70%, and the diesel production-to-sales ratio was 71%. Major oil companies prioritized sales, with listed prices rising slightly in tandem, while actual transaction discounts were offered. The average price of 0# diesel was 7833 yuan/ton, up 77 yuan/ton from the beginning of the week; 92# gasoline was 8771 yuan/ton, up 42 yuan/ton, narrowing the gap with independent refineries. Looking ahead, the change rate remains in negative territory, and with the month approaching its middle, major oil companies are likely to promote sales to boost volume. The market may consolidate sideways in the short term, with sporadic localized weakening. Industry data shows that since the beginning of this year, the retail price limit for gasoline has been raised multiple times, gradually increasing the cost of using gasoline vehicles and reducing the enthusiasm for driving. In April, gasoline consumption decreased by 19.3% month-on-month and 21.08% year-on-year. Meanwhile, new energy vehicles are developing rapidly, with sales increasing significantly year-on-year and ownership increasing by 33.8% year-on-year. The penetration rate has once again exceeded 53%, and in April, new energy vehicles accounted for 29.54% of gasoline consumption.Dallas Fed President Logan, a 2026 FOMC voting member, will participate in a dialogue about the energy industry in ten minutes.

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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