Winklevoss twins file for a Zcash ETF, 13 years after their bitcoin ETF first

A sitting senator putting a $548 number on winter heating bills is how political pressure on distillate prices starts, and refiners with heavy heating oil exposure are the ones in the blast radius.

$1,749 → $2,297 Heating oil bills are estimated to spike over $500 for New England families this winter. A huge reason why? Trump’s Iran war increased prices for heating oil. End the war. Lower costs.

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Warren naming three food deals at once puts political pressure on the FTC review timeline, and deal spreads on Kroger, Sysco and McCormick are what widen if that scrutiny sticks.

Americans beware: 3 new mergers could drive food prices even higher. Kroger + Giant Eagle Sysco + Restaurant Depot McCormick + Unilever The Trump admin must not just rubber stamp these mergers.

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Strip out tariffs and goods prices would be falling, which means the inflation keeping rate cuts on hold is policy-made and still passing through to consumers. Retailers and import-heavy names carry that cost first.

New from the New York Fed: "By February 2026, tariffs had contributed 2.9 pp to goods price inflation, and without them goods prices would have fallen slightly." About one quarter of every point in higher tariff rates shows up in consumer prices within one year. • A 10% https://t.co/A3n1RevkFI https://t.co/0q6UMTx38m [Quoted @LibertyStEcon]: How Fast Do Tariffs Pass Through into Consumer Prices? By Mary Amiti, Sebastian Heise, and David E. Weinstein https://t.co/jl2Q95qtvY

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A three-year fee holiday aimed straight at advisors squeezed by Fidelity's higher minimums shows custody economics in the RIA market are being bid toward zero.

Interesting: Betterment is waiving its platform fee through the end of 2028 for new Fidelity RIA firms that add Betterment as a custodian. Fidelity recently raised minimums on advisors. https://t.co/639mTGLcWf

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Europe's best shot at a frontier lab is about to put a top-three open weights cyber model into anyone's hands, free, while Chinese labs hold the lead at 56.

Mistral Large 4 Preview scores 50 on the Artificial Analysis Cyber Index, level with GLM-5.3-Flash (50) and behind MiMo-V2.6-Pro (56). Once its weights are released, it will rank among the top three open weights models on the Cyber Index. Its strongest result is on https://t.co/jLEa6fjZoG

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Mistral plans to release the weights, which puts a frontier-adjacent European model into open hands and pressures the pricing power of closed US labs.

Mistral has released Mistral Large 4, scoring 38 on the Artificial Analysis Intelligence Index; France is back to having the most intelligent model from outside the US and China @MistralAI has released Mistral Large 4 in Research Public Preview, with plans to release the weights https://t.co/pzGQujfDlH

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A major ETF issuer picking the Texas Stock Exchange over NYSE and Nasdaq is the first real sign that listing fees and venue share are in play for the fund industry.

WisdomTree is choosin’ Texas (exchange) for one of its ETFs. https://t.co/PQOgUD8cZN

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October hike odds collapsed to roughly 25% from 70% on Fed officials' words alone, with no new data behind the move. Warsh's push to make markets trade the economy instead of the Fed is already running into its first stress test.

Kevin Warsh wants investors to watch the economy, not the Fed. But two of his deputies stepped in last week and the probability of an October rate hike fell to around 25% from 70% ahead of any major new data. Why weaning the markets off Fed signals is harder than it sounds https://t.co/nnaySWiPHC

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A jump from 3% to 62% on automation tasks in a single model generation shows how fast low-cost open models are closing in on the agent workloads US labs are charging premium prices for.

Ling 3.1 Flash scores 33% on Terminal-Bench v4.0 and 62% on AutomationBench-AA, up from 0% and 3% for Ling 3.0 Flash. https://t.co/SA9zWZj2Ek

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Ant Group's open-weight reasoning model lands at 41 on the Intelligence Index with only 25B of its 560B parameters active, another sign Chinese labs are closing the agentic gap at a fraction of the compute cost.

Ling 3.1 Flash makes large gains in intelligence over its predecessor, scoring 41 on the Artificial Analysis Intelligence Index with particular improvement in agentic capabilities @AntLingAGI has released Ling 3.1 Flash, a reasoning model with 560B total parameters, 25B active https://t.co/p2RgbV8XIV

A $700 million single day haul into the Brazil ETF, the largest in its 25 years, means the election trade is already crowded before the vote is settled.

Brazil ETF $EWZ took in $700m yesterday, biggest one day flow in the ETF’s 25yr history on the country’s potential shift to political center/right. Volume yesterday was a record too. The 12% one day gain was a top 10 day and huge outlier but not a record. https://t.co/JhSrYtufUQ [Quoted @EricBalchunas]: VOLUME EXPLOSION: The Brazil ETF $EWZ did $8b in volume today, by far a record since its launch 25yrs ago. Also was #3 among ETFs after $SPY and $QQQ. The last record it set was the last time a Bolsonaro was elected in 2018. Nothing excites single country EM traders like a https://t.co/ufpMue25nr

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