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On August 30th, US Treasury Secretary Bessenter vowed at the start of the week to launch an "economic offensive" against Iran and its trading partners, once again attempting to end the war. However, by the weekend, countries with ties to Iran had largely ignored the threat, and analysts were disappointed with the US actions. Near the end of the week, the US announced plans to sanction the UAE branch of Egypts Misr Bank. This move came far short of expectations, as Bessenter had previously warned that the world would "see major news of a financial institution being sanctioned before the end of the week." Alex Zerden, a former US Treasury official and founder of Capitol Peak Strategies, stated, "The actions publicly announced by the US Treasury this week are inconsistent with the previous hype. This economic exile continues 47 years of restrictive economic measures against Iran, but does not provide a clearer path to how this operation can achieve economic or military victory."Icelandic Prime Minister: We will continue to strengthen relations with the European Economic Area (EEA). This government will not engage in accession negotiations with the EU.1. Monday: ① Data: Chinas official manufacturing PMI for August; Germanys preliminary August CPI month-on-month rate; US August Dallas Fed Business Activity Index; ② Event: G20 Finance Ministers and Central Bank Governors Meeting, until September 1st. 2. Tuesday: ① Data: Chinas RatingDog Manufacturing PMI for August; UKs Nationwide House Price Index month-on-month rate for August; Switzerlands real retail sales year-on-year rate for July; final August manufacturing PMIs for France, Germany, UK, and the Eurozone; UKs Bank of England mortgage approvals for July; Eurozones preliminary August CPI and July unemployment rate; US final August S&P Global Manufacturing PMI, August ISM Manufacturing PMI, July JOLTs job openings, and July construction spending month-on-month rate. ② Event: 2026 SCO Heads of State Council Meeting. ③ Earnings Reports: NIO and Dell (after-hours trading). 3. Wednesday: ① Data: US API and EIA crude oil inventories for the week ending August 28; Australias Q2 GDP annual rate; US August ADP employment change and July factory orders month-on-month rate; ② Events: Reserve Bank of New Zealand announces interest rate decision and monetary policy statement; Bank of Canada announces interest rate decision, Governor Macklem and Senior Deputy Governor Rogers hold a monetary policy press conference. ③ Earnings: Broadcom (after US stock market closes). 4. Thursday: ① Data: Chinas August RatingDog Services PMI; Switzerlands August CPI month-on-month rate; France, Germany, UK, and Eurozones final August Services PMI; Eurozones July PPI month-on-month rate; US August Challenger job cuts, initial jobless claims for the week ending August 29, July trade balance, final August S&P Global Services PMI, August ISM Non-Manufacturing PMI; US EIA natural gas inventories for the week ending August 28. ② Events: Federal Reserve releases Beige Book; Federal Reserve Governor Waller gives an interview. 5. Friday: ① Data: Eurozone July retail sales month-on-month; Canadian August employment change; US August unemployment rate, August seasonally adjusted non-farm payrolls, August average hourly earnings year-on-year, August average hourly earnings month-on-month; August global supply chain stress index. ② Events: 2026 FOMC voting member and Cleveland Fed President Hamak delivers opening remarks at the "Fed Community" event; Bank of England Governor Bailey speaks. 6. Saturday: ① Data: US total oil rig count for the week ending September 4. ② Events: Saudi Aramco announces official crude oil prices around the 5th of each month. 7. Sunday: OPEC+ holds its monthly meeting on oil production.On August 30th, the scandal involving the Liberal Democratic Party (LDP) branch in Fukuoka Prefecture forcing members to "contribute" large sums of money continued to escalate. According to Japanese media reports on the 30th, following the resignation of Fukuoka Prefectural Assembly Speaker Isao Kurauchi, another official involved, Hiroshi Matsumoto, chairman of the LDP Fukuoka Prefecture Branch Federation, is considering resigning. Former Fukuoka Prefectural Assembly Speaker Genaki Yoshimatsu revealed the scandal to the media in July. He stated that before he took office as prefectural assembly speaker in June 2020, his LDP Fukuoka Prefectural Assembly members solicited money from him under various pretexts, including expenses for golf outings, accommodation, transportation, and meals at upscale restaurants for party social events, totaling approximately 20 million yen (about 850,000 yuan). Several other former speakers and vice-speakers of the prefectural assembly also revealed that they "contributed" several million yen to the assembly members before taking office.On August 30, NASAs next-generation space telescope, the Nancy Grace Roman Space Telescope, launched aboard a SpaceX Falcon Heavy rocket aboard a spacecraft, aiming to help scientists explore the mysteries of the universe, including dark matter, dark energy, and exoplanets. The Falcon Heavy rocket carrying the Roman Space Telescope lifted off from the Kennedy Space Center in Florida at 7:26 a.m. ET (7:26 p.m. Beijing time) on August 30. The Roman Space Telescope is scheduled to travel to the Sun-Earth Lagrange point L2, approximately 1.5 million kilometers from Earth, to conduct observations. NASA stated that the Roman Space Telescope is designed to operate for five years, with an option to extend its mission for an additional five years. Its first scientific images are expected to be released in early 2027.

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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