EUR/USD 1.16211
-0.036%
Gold 4387.98
-1.530%
Oil 90.016
1.874%
USD/JPY 159.430
-0.052%
GBP/USD 1.34072
-0.149%
GBP/JPY 213.756
-0.194%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A new report released by the World Meteorological Organization on May 28th predicts that global average temperatures are likely to remain at or near record high levels between 2026 and 2030, with Arctic temperatures rising even faster than the global average. The report forecasts that global annual near-surface temperatures between 2026 and 2030 will be 1.3 to 1.9 degrees Celsius higher than the pre-industrial average (1850-1900). One of these five years is very likely (86% probability) to surpass 2024 and become the hottest year on record.May 28th - Minutes from Thursdays meeting revealed that the European Central Banks decision last month to keep interest rates unchanged was a "difficult choice" for some policymakers; given persistently high signs of inflation, they could hardly ignore the energy-related shocks. The ECB minutes stated: "Several members indicated that the decision was difficult; they would not have objected if a rate hike had been on the agenda at this meeting." The ECB also stated: "Since the last meeting, the value of pausing rate hikes to preserve policy options has diminished; meanwhile, the appropriateness of simply adopting a temporary ignore approach to the current situation has become increasingly less relevant."On May 28th, He Xiaopeng, Chairman of XPeng Group (09868.HK), stated during the companys Q1 earnings call that the R&D of XPengs next-generation IRON humanoid robot, geared towards mass production, is progressing smoothly and is about to enter the ET2 hardware and software integration phase, with a planned official launch in Q3 this year. XPeng aims to achieve mass production of high-end humanoid robots by the end of this year, initially for trial commercial use in XPeng stores, and starting deliveries to commercial customers in China and overseas next year. From next year onwards, revenue from humanoid robot hardware and AI model revenue will be one of the key drivers of XPeng Groups revenue and gross profit growth.On May 28th, He Xiaopeng, Chairman of XPeng Group (09868.HK), stated during the companys Q1 earnings call that the fully redundant XPeng GX fleet is already conducting small-scale public road L4 testing in Guangzhou. XPeng aims to launch a passenger-carrying Robotaxi demonstration operation service in Guangzhou in the third quarter of this year. Furthermore, He Xiaopeng revealed that XPengs advanced intelligent driving system has begun certification in Europe, and the second-generation VAL is currently being tested there. The company hopes to obtain regulatory approval from several European countries by early next year and gradually roll it out to users. He Xiaopeng stated that XPeng will build a win-win Robotaxi ecosystem. After the second-generation VAL is launched overseas, XPeng will actively explore deploying economical Robotaxi services in both domestic and overseas markets.European Central Bank meeting minutes: Some officials believe that some second-round effects are inevitable.

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.

Suggestion