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On July 26th, Tesla (TSLA.O) shares fell nearly 20% this week, closing at $313.03 per share, marking its biggest weekly drop since 2022; SpaceX (SPCX.O) closed at $115.07 per share, its lowest level since its IPO last month. Data from the Bloomberg Billionaires Index shows that Elon Musks personal wealth evaporated by approximately $130 billion (about 880 billion yuan) in just five trading days, just weeks after he became the first person in history to surpass a trillion-dollar net worth. Musk himself jokingly referred to himself as a "(former) trillionaire" on social media.Conflict Update: 1. Houthi rebels claim to have struck Saudi Arabia twice in one day. 2. Saudi Arabia confirms coalition strikes against Houthi rebels in Yemen. 3. Houthi rebels claim to have struck a southern Saudi city. 4. Lebanon claims Israeli military action caused a powerful explosion in the countrys south. 5. Sources say missiles that attacked a Saudi oil refinery were intercepted. 6. After 13 consecutive nights of strikes against Iran, the US military has not announced any further airstrikes against Iran. 7. Houthi spokesperson: The maritime blockade is the first step in a "blockade for blockade" operation. 8. Zelensky: Ukraine attacked ships carrying Iranian military supplies in the Caspian Sea. 9. Security sources: Iraqi air defenses shot down a drone near the US consulate in Erbil. 10. Two Yemeni military officials say the Yemeni air force struck Houthi missile and drone launch sites along the front lines in Marib and Jawf provinces. 11. UK Maritime Trade Organization: Received a report on Friday of an incident involving an oil tanker and military forces in the Gulf of Oman. 12. Trump: If we dont get 100% what we want, we will consider resuming a full-scale war. 13. Iranian Revolutionary Guard: The number of American deaths in Operation Victory 2 exceeds 200. US-Iran Negotiations 1. US President Trump: The Iranian side is currently in contact with us, but I dont think they are ready to reach an agreement. 2. It is reported that negotiations between Oman and Iran have made progress, and Trump called a halt to the strikes against Iran on Friday. Strait of Hormuz 1. US Central Command: The US maritime blockade against Iran remains fully enforced. As of July 25, 12 merchant ships attempting to break the blockade have been forced to change course, 2 disobedient vessels have had their navigation capabilities disabled, and 2 vessels have been boarded for inspection to ensure full compliance. 2. US Central Command: On July 24, measures were taken in the Gulf of Oman to stop the Mozambican-flagged oil tanker "Lavine" from sailing. 3. Spokesperson for the Iranian Parliaments National Security Committee: The main point of contention between Iran and the United States is the Strait of Hormuz. The strait will never return to its pre-war state. Other developments: 1. Iranian official: The Ghoshka facility is "currently empty." 2. Bahrain and Kuwait were reported to have secretly launched airstrikes against Iran; Kuwait denied this. 3. Israeli forces launched a large-scale manhunt in the West Bank, detaining more than 70 Palestinians. 4. The US and UK plan to hold a meeting on the Strait of Hormuz issue to promote the formation of a Hormuz maritime security coalition. 5. According to Irans Press TV: Following Yemens attack on oil refineries, large-scale queues for refueling have appeared across Saudi Arabia. 6. Qatars Ministry of Transport: From July 26, all types of maritime transport and shipping activities will fully resume. 7. Qatars Ministry of Foreign Affairs: The Prime Minister and Foreign Minister confirmed the need for all parties to commit to implementing the memorandum of understanding between Washington and Tehran. 8. A spokesperson for the Iranian Revolutionary Guard stated that if Britain supports the US in the war, it will become a clear and legitimate target. 9. A drone crashed near the residence of Israeli National Security Minister Ben-Gevil in Hebron; there were no casualties. 10. Iran: Sold a total of $18 billion worth of oil during the war and ceasefire.Ukrainian Air Force: Russian forces are attacking Kyiv with ballistic missiles.U.S. Central Command: Earlier today, the U.S. military completed an inspection and boarding of the Comoros-flagged oil tanker “Charminar” in the Arabian Sea. The tanker has now continued its voyage.According to the Iranian Students News Agency, Iraqi sources say that several violent explosions and widespread fires have occurred at the Jambul oil field in Iraqs Kirkuk province.

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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