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On July 15th, Futures News reported that soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Tuesday, with the benchmark contract down 0.7%, mainly reflecting the unwinding of oil-meal arbitrage. Traders said the unwinding of the soybean oil-sell-soybean-meal arbitrage put pressure on the soybean oil market. Improved conditions for the U.S. soybean crop and the potential easing of high temperatures in the Midwest next week also weighed on the soybean and soybean oil markets. However, stronger international crude oil futures limited the downside for soybean oil. The National Oilseed Processors Association (NOPA) will release its monthly crush report on Thursday. Analysts on average expect NOPA member companies soybean oil stocks to reach 1.653 billion pounds in June, down from 1.735 billion pounds at the end of May, but higher than the 1.384 billion pounds projected for the end of June 2025.Japans core machinery orders fell 12.4% month-on-month in May, compared with an expected decline of 4.2% and a previous reading of 8.70%.Japans core machinery orders fell 1.9% year-on-year in May, compared to a forecast of 12.90% and a previous reading of 15.60%.Futures News, July 15th - According to foreign media reports, ICE canola futures closed lower on Tuesday, with the benchmark contract down 1.98%, erasing all of Mondays gains and following the decline in external markets. Traders said that canola futures reversed course on Tuesday, not only erasing all of Mondays gains but also falling further. Declines in Chicago soybean futures and European canola futures dragged down Canadian canola prices. However, slightly higher international crude oil futures and higher Malaysian palm oil prices eased the downward pressure on the Canadian canola market. The heatwave in the Great Plains has eased somewhat, reducing its impact on the Canadian canola market. The November contract is currently still above key moving averages. The Canadian dollar strengthened on Tuesday, trading at 71.07 US cents per Canadian dollar, higher than Mondays closing price of 70.70 US cents per Canadian dollar.Artificial Intelligence: 1. The US will establish a working group to coordinate on artificial intelligence and cybersecurity. 2. OpenAI responds to Apples lawsuit: No evidence has been found to support the allegations. 3. Masayoshi Son: Nuclear fusion will become the main energy source for AI data centers in 15 years. The AI boom will require $5 trillion in investment annually. 4. Alibaba Cloud: Lowers the price of GLM-5.2 Fast mode. 5. New York State will suspend the construction of new data centers consuming 50 megawatts or more for one year. 6. The head of Googles DeepMind called for the establishment of a global AI regulatory body led by the US. 7. According to the Financial Times: DeepSeek is considering a new round of financing, which would bring the companys valuation to approximately $71 billion. 8. Nvidia and Mitsubishi Heavy Industries plan to cooperate in the field of AI data center cooling and power. 9. OpenAI plans to launch an AI smart speaker as its first hardware product, positioned as an AI companion assistant. Integrated Circuits (Chips): 1. South Korea plans to relax laws to help SK Hynix attract foreign investment to build wafer fabs. 2. The South Korean government plans to issue Nvidia GPUs to several companies participating in government AI projects. 3. UMCs Singapore wafer fab delivers its first batch of mass-produced silicon photonics wafers. 4. Report: SK Hynix accelerates mass production of HBM4 for Nvidia. 5. Samsung Electronics: Currently not considering the possibility of issuing American Depositary Receipts. 6. European Commission: Approves €659 million in German state aid for the construction of four new semiconductor factories. 7. Yangtze Memory Technologies Co., Ltd.s sale of a controlling stake in Wuhan Xinxin Semiconductor Manufacturing Co., Ltd. was unconditionally approved. Other: 1. Lucid denied bankruptcy rumors, but its stock price still fell 16%. 2. The "Guidelines for Reusable Launch Vehicle Research Projects (Third Batch)" has been officially released.

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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