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On September 9th, the "Fujian Province National Fitness Implementation Plan (2026-2030) (Draft for Solicitation of Opinions)" was released for public comment. The plan mentions deepening the integration and development of sports among Fujian, Hong Kong, Macao, Taiwan, and overseas Chinese. It actively leverages the regular exchange mechanism between sports federations, associations, and grassroots sports organizations across the Taiwan Strait, exploring the possibility of Fujian and Taiwan jointly hosting and rotating regional mass sports events. The plan also aims to expand and strengthen the Cross-Strait Sports Carnival, continue to successfully host distinctive events such as the Cross-Strait Dragon Boat Race, Hakka Martial Arts Competition, and Dragon and Lion Dance Competition, cultivate sports with a strong mass base such as basketball, baseball/softball, badminton, dragon boat racing, and Tai Chi, support Taiwanese compatriots in forming teams to participate in various mass sports events in Fujian, and build a platform for frequent cross-strait sports exchanges and interactions.September 9th - According to sources, Iraq is seeking a significant increase in its oil production quota as OPEC+ reviews its capacity to determine next years output levels. The second-largest oil producer in OPEC hopes to calculate future production targets based on a benchmark of 6 million barrels per day, a substantial increase from its recent levels. Iraq, the birthplace of OPEC sixty years ago, hinted in June that it might withdraw from OPEC if it could not secure a sufficiently high benchmark quota. This move could be a major blow to the organization, following the withdrawal of another key Middle Eastern member, the UAE. OPEC+ has commissioned external consultants to assess the maximum achievable production levels for each member country to better align quotas with reality. This assessment is expected to be completed by the end of this month and approved at the oil ministers meeting at the end of November. The assessment results could be crucial to OPEC unity. Meanwhile, another founding member, Venezuela, is closely watching whether to withdraw, as it is reaching a major agreement with Trump that would grant the US considerable control over some of its oil reserves.The World Platinum Investment Council: The platinum market will experience its first annual supply surplus since 2022 due to outflows of investment funds.September 9th - The World Platinum Investment Council (WPIC) stated that the platinum market is expected to shift to a supply surplus this year after three consecutive years of shortages, influenced by factors such as large-scale investor sell-offs. At the beginning of the year, precious metals were caught in an investment frenzy, with platinum soaring to a record high of nearly $3,000 per ounce. This upward trend subsequently reversed sharply, with platinum prices falling by more than a third from their January peak. The WPIC now predicts an 8.2-ton supply surplus in 2026, compared to a 9.2-ton shortage forecast earlier this year. This change is almost entirely attributed to a downward revision in investment demand, with ETF holdings expected to decrease by approximately 12 tons this year. Ed Stecker, Head of Research at the WPIC, stated that as investor demand recovers, a supply gap is expected in the second half of the year, but this will not be enough to offset the impact of the large ETF outflows at the beginning of the year.According to Japans Kyodo News, Japanese Defense Minister Shinjiro Koizumi has cancelled his visit to Indonesia.

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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