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Market sources say SoftBank Group has secured a $11.87 billion loan to support its investment in OpenAI, up from its previous target of $10 billion.According to Irans Tasnim News Agency, satellite images show that Saudi Arabias east-west pipeline suffered extensive damage after being attacked by Yemeni armed groups.On September 14th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.1512%, and the lowest was 0.7340%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 0.9690%, and the lowest was 0.8620%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0140%, and the lowest was 0.9010%.September 14th - Driven by the artificial intelligence (AI) boom, the memory chip market is currently in a supercycle, but SK Hynixs DRAM market share is actually declining. This is not due to poor sales of its DRAM products, but rather to the excessively high proportion of high-bandwidth memory (HBM) in its product portfolio, and the difference in production volume with Samsung Electronics. According to data released by market research firm TrendForce on the 14th, SK Hynixs DRAM revenue in the second quarter increased by 37.9% quarter-on-quarter, reaching $38.59 billion. However, its market share dropped by 3.9 percentage points from 28.8% to 24.9%. Samsung Electronics ranked first with a market share of 39.4%, while Micron Technology narrowed the gap with SK Hynix to 1.6 percentage points, with a market share of 23.3%.September 14th - The 18th BRICS Summit opened on Saturday, with the group taking its most concrete step to date in weakening the dominance of the US dollar. On its first day, it adopted a 45-page "New Delhi Declaration" and supported a payment architecture designed to bypass the Western financial system for cross-border trade. For most member countries, this move is gradual. But for Iran—which is under comprehensive US sanctions, a naval blockade, and has been at war with the US and Israel for about six months—its closer to a lifeline. Indian Prime Minister Modi stated after a closed-door meeting that no member country objected to the text. At its core, the economic commitment is to expand trade and investment settled in member countries local currencies and to connect domestic payment and messaging systems so that transactions do not need to pass through the dollar-denominated SWIFT network. According to the declaration, the groups payment working group studied the cross-border interoperability of these channels and explored the use of local currencies for trade settlement and investment. The most attention-grabbing mechanism is BRICS Pay, a decentralized payment messaging framework that combines Indias UPI and Russias SPFS into a shared interoperability layer—a way to clear payments between member states outside of SWIFT.

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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