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May 18th - Despite the Middle East conflict driving up energy and living costs, Thailands economy unexpectedly accelerated in the first quarter, demonstrating surprising resilience. Thailands National Economic and Social Development Council (NEDC) said on Monday that the countrys GDP grew by 2.8% year-on-year in the quarter ending March, exceeding expectations. In a statement, the council said that Thailands better-than-expected growth was driven by improved government spending, investment, and exports, while private consumption remained stable. This growth means that Thailand, a perennially lagging economy, is growing at a rate comparable to the Philippines first-quarter growth. However, its growth rate still lags behind other Southeast Asian economies such as Singapore, Vietnam, Malaysia, and Indonesia.On May 18th, Fu Linghui, spokesperson, chief economist, and director of the Department of Comprehensive Statistics of the National Economic Bureau, stated at a press conference held by the State Council Information Office that the booming cultural tourism and sports events have become new highlights in the development of service consumption, with related service retail sales maintaining rapid growth. Data shows that from January to April, retail sales of tourism consulting and rental services, transportation services, and cultural and sports leisure services all maintained double-digit growth, significantly faster than the overall growth rate of service retail sales.May 18 - According to Lebanese sources on the 18th, between midnight on the 17th and early morning on the 18th, the Israeli Defense Forces used missiles to attack a building in the suburbs of Baalbek in eastern Lebanon, killing Wael Abdul Halim, a commander of the Palestinian Islamic Jihad, and his daughter. Search and rescue teams are currently at the scene looking for survivors.On May 18, Fu Linghui, spokesperson, chief economist, and director of the Department of National Economic Comprehensive Statistics of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that although the impact of the Middle East geopolitical conflict continues to escalate, international energy market volatility has increased, and the stability of global industrial and supply chains has been impacted, my country has maintained overall stable industrial production, continued its transformation and upgrading, and unleashed the vitality of innovative development, demonstrating strong resilience, thanks to its complete industrial system, strong supporting capabilities, and the support of domestic energy green transformation.Futures Market News, May 18th: Currently, the number of laying hens is decreasing, and the egg production rate is declining, leading to a temporary tight supply in the market. This, coupled with the gradual start of pre-Dragon Boat Festival stockpiling and a recovery in end-user demand, along with stable feed costs, provides strong support. Egg prices are expected to fluctuate upwards in the near term, with further upward potential before the holiday. Today, the average price of eggs in major producing areas is 8.83 yuan/kg in Shandong, up 0.20 yuan/kg from yesterday; 8.67 yuan/kg in Hebei, up 0.42 yuan/kg; 9.67 yuan/kg in Guangdong, up 0.20 yuan/kg; and 9.04 yuan/kg in Beijing, up 0.44 yuan/kg.

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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