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June 10th - On June 9th, Tencent Cloud and ASUS officially signed a strategic cooperation agreement: the two parties will jointly create a "personal space disk" for millions of laptop users based on Tencent Clouds self-developed AgentBucket intelligent storage capabilities. This marks the first large-scale commercial deployment of Tencent Cloud Storages enterprise-level cloud storage scenario capabilities on a leading PC brand; it also signifies that cloud storage is officially upgrading from an optional PC accessory to one of the essential infrastructures for embracing the AIPC trend.On June 10th, the Publicity Department of the Central Committee of the Communist Party of China and the Ministry of Public Security jointly launched a concentrated publicity month campaign themed "Dont Listen, Dont Believe, Dont Be Greedy: Building a Heart-to-Heart Defense Against Fraud," aiming to further intensify anti-fraud publicity, continuously improve public awareness and ability to identify scams, and effectively create a strong anti-fraud atmosphere throughout society. The launch ceremony for the concentrated publicity month was held in Beijing on June 10th.According to the latest data from the Fujairah Oil Industrial Zone in the UAE, as of the week ending June 8, total refined product inventories at the port of Fujairah were 5.377 million barrels, an increase of 165,000 barrels from the previous week. Specifically, light distillate inventories decreased by 205,000 barrels to 2.057 million barrels; middle distillate inventories increased by 40,000 barrels to 1.268 million barrels; and heavy residual fuel oil inventories increased by 330,000 barrels to 2.052 million barrels.June 10th - According to data from the China Passenger Car Association (CPCA), from June 1st to 7th, the national passenger car retail sales reached 228,000 units, a 23% decrease compared to the same period last year and an 11% decrease compared to the same period last month. The cumulative retail sales this year reached 7.327 million units, a 20% decrease year-on-year. From June 1st to 7th, the national passenger car manufacturers wholesale sales reached 204,000 units, a 25% decrease compared to the same period last year and a 10% increase compared to the same period last month. The cumulative wholesale sales this year reached 10.39 million units, a 6% decrease year-on-year.On June 10, the State Administration for Market Regulation (SAMR) released the "Guidelines for International Cooperation in Quality Certification by Local Market Regulation Departments," providing guidance for local market regulation departments to strengthen and improve related work and better serve local enterprises and economic development. The "Guidelines" instruct local market regulation departments to focus on leading foreign trade enterprises, small and medium-sized export enterprises, key upstream and downstream enterprises in the industrial chain, and inspection, testing, and certification institutions, promptly collecting information on obstacles to international cooperation in quality certification and market access certification requests faced by foreign trade enterprises. Upon identifying difficulties, bottlenecks, and potential risks in the field of quality certification, these departments should promptly report them to the SAMR, providing case studies and materials for national-level international exchanges and negotiations on quality certification. The guidelines also require timely tracking of the progress and opinions on handling relevant requests, forming a closed-loop working mechanism of investigation, reporting, implementation, and feedback to ensure that enterprise requests are effectively addressed and that quality certification plays a positive role in serving local industries.

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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