carbon

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Dr. Daxue Wang, CFO of Lotus Technology Inc., delivered a keynote speech titled "Crypto Links to the Physical Industry, Smart Mobility Running on the Chain."Dr. Daxue Wang stated that smart mobility is the pioneering carrier of the smart economy. Lotus, a luxury electric vehicle brand with a 78-year history, has been listed on NASDAQ and is actively exploring the deep integration of crypto technology with the physical industry. He proposed three major integration directions:First, safeguarding data value by utilizing the immutable nature of blockchain and privacy computing, allowing users to have absolute control over their personal data, achieving credible data circulation and value flow. Second, releasing asset value by exploring efficient circulation and fair trading of assets such as vehicle sales, brand value, autonomous driving technology patents, and global sales networks through RWA, while promoting credible traceability of carbon assets in green mobility. Third, co-creating ecological value by recording data on driving, charging, and maintenance through on-chain smart nodes, allowing users to upgrade from "car owners" to "participants in the brand ecosystem" through on-chain rights confirmation.Dr. Daxue Wang pointed out that the current challenges include compliance implementation, technology adaptation, and ecological co-construction, but the opportunities lie in open cooperation, promoting smart mobility as a practical landing scenario of the smart economy. Lotus hopes to work hand in hand with the crypto ecosystem to realize the vision of "from buying a Lotus car to sharing the growth value of Lotus technology."

The Digital Renminbi Operation Management Center has launched the "Carbon Inclusive" mini-program service within the Digital Renminbi App, and it has been first rolled out in the Shanghai area. After users activate this service, carbon credits generated from green and low-carbon behaviors such as riding the subway, taking public transport, and cycling shared bikes will be automatically accumulated in the "Carbon Inclusive" account and can be exchanged for digital renminbi.The mini-program initially integrates platforms such as Metro Metropolitan (Shanghai Metro), Hello Chuxing, and T3 Chuxing. After users link their accounts from the aforementioned platforms within the Digital Renminbi App, the system will automatically record low-carbon behaviors and accumulate points. Users need to activate the digital renminbi wallet and upgrade to a real-name wallet before redemption.

According to Ming Pao, the Hong Kong-listed company China Carbon Neutrality (1372) announced that its wholly-owned subsidiary Global Carbon Asset Management Co., Ltd has compliant custody, issuance, and distribution of a total of 500 million Carbon Coins, using 500,000 tons of carbon credits certified by the Verified Carbon Standard ("VCS") as the underlying asset through the licensed digital asset trading platform DigiFT in Singapore.

According to official news, the DePIN project Fuse Energy based on the Solana chain announced the completion of a $70,000,000 Series B financing. This round of financing was led by Lowercarbon and Balderton, with the company's valuation reaching $5 billion.

ChainCatcher news, according to Cointelegraph, the wealth tokenization platform Arx Veritas has completed the tokenization of $32 billion in carbon reduction assets (ERA) in collaboration with the infrastructure company Blubird through blockchain technology, equivalent to preventing 394 million tons of carbon dioxide emissions, setting a record in the digital asset tokenization industry.The tokenized assets include sealed oil wells and coal mines, achieving carbon reduction by preventing the extraction, transportation, combustion of coal, and the emissions from abandoned oil well pollutants. This reduction is equivalent to the carbon emissions of 395 million round trips from New York to London or 986 billion miles driven by cars. Blubird stated that there is strong institutional demand for ESG-compliant tokenized assets and is negotiating over $500 million in transactions, with significant institutional purchases soon to be completed. This collaboration aims to establish new financing and tracking standards for sustainable finance.

ChainCatcher news, according to Zhitong Finance, China Carbon Neutrality (01372) announced that the data docking work for the carbon credit stablecoin (Carbon Coin) agreement under its subsidiary Future Marvel Limited has been completed, successfully bringing 200,000 tons of carbon credits on-chain.The Carbon Coin agreement is an important exploration for the company in the field of carbon credit digitization. The completion of data docking with relevant systems provides strong technical support for the on-chain management, trading, and other aspects of carbon credits. "On-chain carbon credits" refers to the digital representation and rights confirmation of carbon allowances or voluntarily approved carbon reductions, such as Verified Carbon Standard (VCS) and Gold Standard, through blockchain technology, achieving transparent management and efficient circulation throughout the entire lifecycle.

ChainCatcher news, according to Bloomberg, JPMorgan is developing a new service to tokenize carbon credits and has partnered with three carbon credit companies for preliminary trials.According to a statement on Wednesday, the bank's blockchain division, Onyx, will collaborate with S&P Global Commodity Insights, the carbon registry EcoRegistry, and the International Carbon Registry to test a new application that will convert carbon credits from the regulatory registration systems of the three institutions into tokens. The parties will explore whether blockchain technology can be applied to the full lifecycle management of carbon credits, including ownership tracking from issuance to retirement.JPMorgan stated in the announcement that the carbon market faces challenges such as "inefficiencies, lack of standardization, insufficient transparency, and market fragmentation," and the application of tokenization technology will bring significant benefits. The bank believes that building a unified tokenization ecosystem where "buyers and sellers can seamlessly transfer carbon credits" will help address these issues.

ChainCatcher news, according to Bloomberg, the Zimbabwean government has officially launched a blockchain-based carbon credit registry system aimed at enhancing transaction transparency and rebuilding investor confidence. The country's Environment Minister Evelyn Ndlovu stated at the launch ceremony in Harare that the system, developed by Dubai's A6 Labs, allows for the entire process of carbon credit issuance, trading, and cancellation to be traceable, ensuring data integrity. Previously, the country faced operational disruptions for international developers, including the Kariba Redd+ project, due to the sudden cancellation of multiple carbon credit projects and the imposition of a 50% revenue tax in 2023.Last week, Zimbabwe also established the Carbon Market Authority (ZCMA) to oversee project approvals. According to statistics from California-based data company RippleNami in 2023, the country's carbon credit output accounts for 12.5% of the total in Africa, ranking third on the continent. Washington Zhakata, the permanent secretary of the Environment Ministry, emphasized that developers must submit compliance applications through the zicma.org.zw platform to conduct business. Currently, other African countries such as Kenya and Zambia are also strengthening regulation in this field.

ChainCatcher news, according to Gelonghui reports, the Hong Kong-listed company China Carbon Neutral (01372.HK) announced that it has signed a strategic partnership framework agreement with Gaolijie Holdings Limited (Gaolijie Group), and both parties will carry out equity cooperation, business cooperation, and collaboration in various fields.According to the agreement, China Carbon Neutral will consider a strategic investment in CSpro, a securities token issuance platform under Gaolijie Group, and under the legal and regulatory framework in Hong Kong, jointly explore the research and development of innovative financial tools in the green asset field, promoting the implementation of green asset tokenization projects, including carbon assets.

ChainCatcher news, according to Jinshi reports, the Chief Sustainability Officer of the Hong Kong Stock Exchange Group, Zhou Guanying, stated that the application of new technologies such as blockchain may make the tracking of carbon credits more transparent and efficient, and help with cross-border transactions.Therefore, the Hong Kong Stock Exchange is open to using technologies such as blockchain to address existing issues in the carbon market.

ChainCatcher news, according to CoinDesk, the founder of the cryptocurrency advocacy organization Digital Chamber, Perianne Boring, is set to step down after more than a decade as CEO. The organization is promoting its president, Cody Carbone, to take over the top position, while Boring will transition to chair of the board.There are many lobbying groups in the digital asset space that advocate in the U.S. Congress, the White House, and regulatory agencies, with Digital Chamber being one of the most well-known and having the largest membership, although its funding has lagged behind that of the Blockchain Association in recent years.

ChainCatcher news, Brazilian oil giant Petrobras intends to incorporate Bitcoin mining as a supplementary business. The state-owned oil company Petrobras has a daily crude oil production of nearly 3 million barrels and is currently exploring how to integrate Bitcoin mining into its operations.The goal of this exploration is to develop a business model that can reduce the company's carbon emissions through operations such as Bitcoin mining. Marcelo Curi, Petrobras's blockchain and token economy architect, revealed that the company is in the core stage of "historic R&D," attempting to support the value chain and network in transitioning to a low-carbon economy through this "innovative framework."An interdisciplinary team at Petrobras, composed of climate change researchers, oil researchers, and crypto experts, will also investigate the potential applications of blockchain, tokenization, and Web3.

ChainCatcher news, The ETF Store President Nate Geraci posted on social media that Nexo 7RCC has submitted the S-1 amendment for the world's first Bitcoin and carbon credit futures mixed ETF. The fund adopts a portfolio of 80% Bitcoin and 20% carbon credit futures, tracking carbon trading systems such as EU carbon emission allowances, California carbon allowances, and the Regional Greenhouse Gas Initiative. The SEC has approved its 19b-4 filing, which is seen as the ESG version of Bitcoin ETF. The fund's price fluctuations will be influenced by the spot price of Bitcoin, carbon credit allowances, and their futures prices.

ChainCatcher news, Vitalik Buterin asked under Elon Musk's tweet about Tesla Robotaxi and Robovan: "What are the CO2 levels or other air quality metrics when the Robotaxi and Robovan are fully loaded with passengers?"

ChainCatcher news, the carbon-neutral blockchain platform Open Forest Protocol (OFP) has completed its seed round financing, led by Übermorgen Ventures, with participation from BackBone Ventures, GS Futures, and foundations such as Bloom Foundation, NEAR Foundation, and Foundation Valery. The specific amount of financing has not been disclosed.The team stated: "OFP is a comprehensive digital reform of carbon credit verification and issuance, providing carbon developers with a no upfront cost, open-source, web-based, and blockchain-based verification system that enables them to bring transparent, verifiable, and valuable carbon credits to market. This is crucial for the future of OFP's on-chain natural assets."According to data from the crypto platform RootData, on January 11, 2023, Open Forest Protocol (OFP) announced the completion of a $4.1 million seed round financing, with participation from Shima Capital, Übermorgen Ventures, Not Boring Capital, Mercy Corps Ventures, Byzantine Marine, Big Brain Holdings, Valor Capital, and several angel investors.

ChainCatcher news, the blockchain carbon credit platform Flowcarbon, co-founded by WeWork founder Adam Neumann, is refunding investors after its much-anticipated Goddess Nature Token (GNT) failed to launch.Some refunds have been issued in recent weeks, after investors, including the tech-focused venture capital firm Andreessen Horowitz, waited over a year without seeing the token launch.Flowcarbon informed investors that market conditions and resistance from carbon registries were the main reasons for the refunds.Flowcarbon does not appear to have publicly disclosed its refund situation; a Flowcarbon spokesperson stated, "Since last year, we have been providing refunds to retail GNT purchasers in accordance with standard and customary terms, and we continue to develop Flowcarbon into a leader in the carbon finance space."

ChainCatcher news, according to Bitcoin.com, the U.S. Commodity Futures Trading Commission (CFTC) reported on Tuesday that Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois has ordered Oregon resident Sam Ikkurty and several of his entities to pay a fine of $209.61 million.The entities involved include Jafia LLC, Ikkurty Capital LLC, Rose City Income Fund I LP, Rose City Income Fund II, and Seneca Ventures LLC. The court's decision was based on the CFTC's findings of fraudulent solicitation and misappropriation of funds, which the CFTC described as a Ponzi scheme disguised as cryptocurrency and carbon investment projects.The judgment requires Sam Ikkurty to pay $83.7 million in restitution to investors, offsetting $36.9 million in illegal proceeds forfeiture, in addition to a civil penalty of $110.9 million.

ChainCatcher news, according to CoinDesk, the dynamic modular service platform Crestal has announced the launch of its public testnet Crestal Carbon on the Berachain testnet.The team stated that in addition to Crestal Carbon, Crestal also announced an integration with Avail, making it the first modular service supported by the company. Avail's Web3 infrastructure allows modular execution layers to scale and interoperate in a trust-minimized manner.

ChainCatcher news, Stockholm-based carbon removal startup Net Zero has completed a $5.5 million seed round financing. Investors include Oilinvest, VARO Energy, and SilviCarbon. The funds will be used to support global expansion and launch a new product suite, including carbon removal tokens (a type of real-world asset-backed token).It is reported that the company focuses on blockchain to enable secure and transparent carbon credit trading, with an emphasis on nature-based carbon removal globally.

ChainCatcher news, the digital asset financial services group HashKey Group announced that it will jointly launch the "Bitcoin ETF Greening Public Welfare Program" with the Green Bitcoin Alliance (GreenBTC.Club), to green "light up" the Bitcoin blocks held by the Bosera HashKey Bitcoin ETF, achieving comprehensive carbon neutrality for the fund's holdings and promoting the sustainable development of the Bitcoin ecosystem.To commemorate the successful issuance of the Bosera HashKey Bitcoin ETF, HashKey Group will continuously purchase renewable energy certificates based on the holdings of the Bosera HashKey Bitcoin ETF, participating in the "greening" initiative in the name of investors collectively. A dedicated "Green Bitcoin ETF" area will be established on GreenBTC.Club to offset the carbon emissions generated by the historical energy consumption of global Bitcoin mining. Investors will have the opportunity to receive a unique NFT medal, which serves as a permanent on-chain record supporting Bitcoin's carbon neutrality and a green footprint for participating in public welfare carbon reduction.This public welfare program injects ESG concepts into the Bosera HashKey Bitcoin ETF, making fund holders green digital asset holders supporting ESG development. With the comprehensive carbon neutrality of fund holdings, custody, and trading shares, more people will participate in green finance, jointly promoting the sustainable growth of Bitcoin's value.It is reported that GreenBTC.Club is a community-driven global inclusive climate action network powered by DePIN, implementing the "tokenized green certificate asset protocol" based on Arkreen's on-chain issuance and on-chain consumption.