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German Foreign Minister Waldfol: We need a majority vote system in foreign policy; when the EU27 as a whole is unwilling or unable to take action, we must also push for smaller groups of EU member states to take the lead.On June 17th, ship tracking data showed that a third oil tanker fully loaded with crude oil had departed Irans Chabahar port, crossing the US-imposed blockade and heading towards Asia. The Suezmax tanker Sonia I departed last night from the port near the Iranian-Pakistani border. The ship has a carrying capacity of approximately 1 million barrels of crude oil. Its draft indicates it is fully loaded, and its destination is Singapore, a common transit point for ships bound for Asian markets. Sonia Is departure follows the departure of the Very Large Crude Carriers Hero II and Diona, both carrying approximately 2 million barrels of Iranian crude oil. Their specific destinations were not indicated, but both are heading towards southern India, a regular route to the Strait of Malacca near Singapore. Iranian media reported on Tuesday that the US blockade of Iranian ports, which began in mid-April, is in the process of being lifted.On June 17, Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, issued important instructions on normalizing East-West cooperation. Xi Jinping emphasized that this year marks the start of the 15th Five-Year Plan and the first year of normalized assistance. He stressed the need to summarize and apply beneficial experiences such as the Fujian-Ningxia cooperation, further improve cooperation mechanisms, optimize cooperation methods, expand cooperation areas, and promote complementary industries, personnel interaction, technological exchange, mutual understanding of concepts, and mutual learning of work styles between the East and West, achieving mutual benefit, win-win results, and common development. He also stressed that Party committees and governments at all levels must earnestly fulfill their responsibilities for normalized assistance, resolutely safeguard against large-scale relapse into poverty, solidly promote the comprehensive revitalization of rural areas, continuously enhance the coordination of regional development, and take solid steps towards common prosperity for all the people.Total Energy CEO: Ensuring the restoration of Qatars LNG supply is of paramount importance; otherwise, as winter approaches, the decline in natural gas prices will not be as significant as that of oil prices.On June 17th, Jessica Hinds of Fitch Ratings economics department stated that with overall inflation remaining at 2.8% in May and oil prices falling this week, Bank of England policymakers will be reassured that they can keep interest rates unchanged. In her report, she stated that there is little indication that rising energy prices have pushed up the cost of other goods. While the 13% increase in the Ofgem price cap next month will still push up overall inflation in the second half of the year, "the sharp drop in oil prices this week, if this decline continues, will prevent inflation expectations from rising further." Hinds added that, coupled with a weak labor market, the Bank of England is likely to keep interest rates unchanged throughout 2026 and resume rate cuts in 2027.

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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