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September 4th - Industry insiders believe that due to chip shortages and supply chain bottlenecks, the price of Apples foldable phone may be significantly higher than expected. IDC predicts the average selling price of the phone will be $2,550. IDC projects that Apple will sell over 17 million foldable phones by the end of 2027, generating over $45.7 billion in revenue.Stifel raised its price target for Microsoft (MSFT.O) from $450 to $530.Mizuho Bank lowered its price target for Intel (INTC.O) from $109 to $92.On September 4th, it was learned from the China Development Bank (CDB) that on September 3rd, CDB successfully issued RMB 5 billion of 3-year green financial bonds through the China Foreign Exchange Trading Centers issuance system at the Shanghai Clearing House, with an issuance interest rate of 1.27%. This marks the first time CDB has used online book-building to issue green financial bonds, effectively improving issuance efficiency and transparency. The projects involved in this green financial bond issuance were strictly selected according to the "Green Finance Supported Project Catalogue (2025 Edition)," with a green rating of G1 (the highest level). The funds raised will be primarily used for key areas such as green infrastructure upgrades, energy-saving and carbon-reducing industries, green and low-carbon energy transformation, and ecological protection, restoration, and utilization. This issuance represents a new attempt by CDB to optimize its bond issuance pricing mechanism and narrow the price gap between the primary and secondary markets, as well as a new exploration of empowering green and low-carbon financing through market-oriented methods.On September 4th, BNP Paribas economists stated in a report that the persistent energy price shock, coupled with the resilience of the Eurozone economy, suggests the European Central Bank (ECB) may raise interest rates once in September and once in December. Economists expect the ECB to raise rates next week, while potentially raising its economic growth and inflation forecasts, further supporting the case for tightening monetary policy. Continued high energy prices and a strong economy make a second round of effects more likely, although current signs are still limited. Economists indicated that policymakers will continue to view the risks to the inflation outlook as skewed to the upside.

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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