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Ukraine claims the attacked factory in Bryansk produces components for military electronic warfare systems.The Ukrainian military has attacked a Russian microelectronics factory in Bryansk.On July 7th, European Central Bank (ECB) Executive Board member Leon Panetta stated that even as the US and Iran approach a lasting peace agreement, the ECB is still grappling with an uncertain economic situation. Speaking at a conference in Rome, Panetta said that while the US-Iran negotiations could lead to energy prices falling below the ECBs June forecast, "the outlook remains fragile." He stated, "Upside risks to inflation and downside risks to growth continue to coexist. This requires continued monitoring of geopolitical developments, energy markets, supply chains, wages, and inflation expectations. It also requires monetary policy to avoid committing to a predetermined path." Panetta also noted that the current conflict is one of a series of increasingly frequent supply shocks that could alter how policymakers respond in the future to ensure inflation reaches the 2% target in the medium term.On July 7th, the State Financial Regulatory Commission (SFC) and the Shanghai Municipal Peoples Government jointly issued "Several Measures to Accelerate the Construction of Shanghai International Reinsurance Center." These measures emphasize strengthening the primary responsibilities of insurance institutions, urging them to establish and improve internal control and compliance management systems, and enhancing the management of operational risks and cross-border capital flows. The measures also aim to enhance the regulatory effectiveness of the SFC, improve prudential regulatory rules in the reinsurance sector, and strengthen supervision of solvency, related-party transactions, and business finances. Support will be given to the Shanghai Financial Regulatory Bureau to research and establish a monitoring system adapted to reinsurance risks, improving the penetration and effectiveness of risk monitoring for cross-border reinsurance and on-exchange transactions, and maintaining the safe and stable operation of the Shanghai International Reinsurance Center. Finally, the measures leverage the auxiliary regulatory functions of the reinsurance registration and trading center to improve the quality and efficiency of reinsurance supervision.July 7th Futures News: On July 7th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 288,584 tons, an increase of 2,417 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 1,557 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 336 tons. 6. Petroleum asphalt futures warehouse receipts: 9310 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 15970 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2961000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

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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