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On August 18th, Robin Li stated during Baidus earnings call that Kunlun Chip maintained strong momentum in the second quarter, continuing its expansion into multiple industries amidst robust demand. Market recognition of Kunlun Chips stability, efficiency, and adaptability in large-scale applications is steadily increasing. Kunlun Chips inference throughput and overall computing efficiency have further improved, enhancing its ability to support diverse and demanding AI workloads at scale. Currently, Kunlun Chip has completed the R&D and commercialization of three generations of AI chips and will continue to advance its product portfolio, including the latest M100 optimized for large-scale inference and the upcoming M300.On August 18th, Baidu (09888.HK) CFO He Haijian revealed during Baidus earnings call that Baidu plans to hold an extraordinary general meeting of shareholders on August 26th to seek shareholder approval on several related matters, and expects the main board conversion to take effect within this year. During the call, Baidu stated that it is preparing for inclusion in the Southbound Stock Connect program after the conversion and hopes to be included as soon as possible after the conversion is completed. In July, Baidus board of directors approved the conversion of its Hong Kong listing status from a secondary listing to a dual primary listing and submitted an application to the Hong Kong Stock Exchange, which has since confirmed the change.Industry sources say Airbus is tentatively planning to conduct the maiden flight of its A350F freighter in the third week of September.The expiration of the ceasefire and the escalation of tensions in Lebanon have pushed up premiums, causing international oil prices to continue rising. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.The U.S. export price index rose 8.2% year-on-year in July, down from 10.20% in the previous month.

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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