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JD.coms Q2 earnings call will be held in ten minutes.On August 13th, Nomura Securities strategists predicted that the Swedish central bank would keep its policy rate unchanged at 1.75% in August and maintain it throughout 2026. Despite subdued and stable inflation expectations in Sweden, stronger economic activity data, Middle East-related energy risks, and anticipated tightening by the European Central Bank have increased the likelihood of an earlier rate hike by the Swedish central bank. The bank stated, "Furthermore, the European Central Bank has already raised rates once this year, and we expect it to raise rates again in September. While we believe these pressures will not prompt the Swedish central bank to vote for a rate hike this time, the risk to our forecast for the Swedish central banks policy rate is that the rate hike could occur earlier than our current expectation of December 2027."IREN delivered Horizon 1 to Microsoft and obtained NVIDIA Exemplar Cloud certification on the GB300 NVL72 platform.The Indian rupee weakened against the US dollar on Thursday, despite both the dollar and oil prices falling. The dollar came under pressure after market concerns about a near-term Federal Reserve rate hike eased following expectations of slower-than-expected US July consumer price index growth. Analysts at Brown Brothers Harriman noted that the latest US inflation data prompted a mildly dovish shift in interest rate expectations, although the dollars overall upward trend continued. They emphasized that after the US July CPI data indicated that inflation was cooling, federal funds futures reduced bets on a September rate hike from about 50% to 35%, in line with expectations. Economies like India, heavily reliant on oil imports to meet energy needs, tend to have currencies that underperform in high oil price environments.On August 13, the Hong Kong Special Administrative Region (HKSAR) government held its first large-scale drill at the Hong Kong side of the Huanggang Port, testing the overall management of passenger and vehicle flow at the ports joint inspection building and public transport interchange, in preparation for the ports official opening. The HKSAR government stated that the early opening of the port is a shared goal of both the Hong Kong and Shenzhen governments, and Hong Kong will continue to work closely with Shenzhen to expedite all preparatory work. Once both sides confirm that the port meets the conditions for safe and smooth operation, the Guangdong and Hong Kong governments will finalize the official opening date and announce it to the public in due course.

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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