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July 17th Futures News: Looking ahead to next week, the escalating and ongoing conflict will provide continued upward momentum for the crude oil market. However, the possibility of the US returning to the negotiating table cannot be ruled out, which would limit the price increase. Overall, international oil prices may continue to rise in the short term. On the supply side, there are currently no new refinery maintenance or resumption of operations in Shandong, and the refinery operating rate is trending towards stability, with the overall operation remaining stable. As for major refineries, Qingyang Petrochemical plans maintenance, resulting in a slight decrease in the operating rate, and the supply of gasoline and diesel resources is relatively stable. On the demand side, driven by the continuously rising market, companies with low inventory have made moderate restocking, but terminal demand has not shown a significant increase, resource consumption is slow, and large-scale market operations are cautious. Next week, the retail price increase window will materialize, and the new round of price adjustments still shows an upward expectation. While there is still positive news support, terminal market demand is unlikely to keep up, putting pressure on high prices. A slight decline in gasoline and diesel prices cannot be ruled out.July 17 - Data released by the State Administration of Foreign Exchange on July 17 shows that in the first half of this year, banks foreign exchange receipts and payments on behalf of customers totaled US$9.2 trillion, a year-on-year increase of 21%. Banks foreign exchange settlement and sales totaled US$2.9 trillion, a year-on-year increase of 24%, both record highs for the same period. my countrys foreign-related economy maintained a good momentum of development, with cross-border trade and investment becoming more active.July 17 - On the morning of July 17, President Xi Jinping attended the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-level Meeting on Global Governance of Artificial Intelligence in Shanghai.On July 17th, according to CNN, US President Trump addressed the American people during a rare wartime prime-time session, but he did not use the opportunity to clearly outline his strategy for dealing with the escalating conflict with Iran. In fact, he barely mentioned the conflict. "We have the most powerful and effective military in the world today. Thats what I built during my first term, but unfortunately, were now forced to use it," he said, adding that the US is "winning big on Iran, and youll soon see the results of those efforts." This was Trumps only mention of the conflict.The Hang Seng Tech Index fell further to 2%, while the Hang Seng Index is currently down 0.59%.

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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