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On July 9th, at a press conference following the NATO summit on July 8th, US President Trump was asked why he had praised Iranian leaders last month as very rational, tough, intelligent, and easy to deal with, but now accused them of being distorted and pathological. Trump responded that it was because he "saw through Iran" and was "unsure whether to reach a deal with them." In answering a reporters question, Trump also claimed to be "number one on Irans assassination list." Trump further stated that he "does not believe there will be a large-scale, protracted war between the US and Iran" and that the conflict would "end quickly."1. Two Russian oil tankers were damaged in a drone attack. 2. The commander of the Ukrainian drone force in Kyiv stated that Ukrainian drones struck nine oil tankers belonging to Russias "shadow fleet" in the Sea of Azov last night. 3. South Korean officials: South Korea will provide $100 million in aid to Ukraine. 4. NATO announced several arms purchase and defense investment plans totaling tens of billions of dollars during the organizations summit, involving the development of counter-drone capabilities and drone procurement. 5. NATO summit statement: NATO allies pledged €70 billion in support for Ukraine by 2026. 6. US President Trump: Will work with Zelensky to explore what assistance can be provided to the country.US President Trump: (Regarding NATO) They had the opportunity to help us on Iran, but they chose to stand by. But we seem to have forgotten about it. Now, they are all eager to offer assistance on Iran.July 9th - According to foreign media reports, sources familiar with the matter revealed that AI chip startup Positron is in talks for a two-stage funding round, aiming to raise approximately $750 million. Positron focuses on developing high-efficiency inference chips for running AI models and is one of many companies seeking to challenge Nvidias dominance. The first stage of this funding round is expected to value the company at $3.5 billion, and the second stage could value it at approximately $5 billion. If the funding round is successfully completed, the companys valuation will more than triple in just five months. Positron has a large investor base, including Valor Equity Partners, Atreides Management, and DFJ Growth, as well as Arm and the Qatar Investment Authority.The UKs three-month RICS house price index for June was -33, compared to a forecast of -30 and a revised previous reading of -34 (from -35.00).

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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