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More →Brazil’s Stock Market Crashes After Lula’s Upset Victory
Brazil’s stock market lost more than $200 billion in value at the open on Monday after President Luiz Inácio Lula da Silva beat Senator Flávio Bolsonaro in Sunday’s runoff, a result that prediction markets had priced at roughly a one in five chance. The iShares MSCI Brazil ETF, ticker EWZ, a basket of Brazilian stocks that trades in New York like a single share, fell as much as 26% from Friday’s close of about $42.60, touching $31.40 before trimming the loss to about 23% at $32.84 by 10:38 a.m. ET. That is memecoin-sized volatility for a fund built around Brazil’s biggest companies, and it leaves EWZ roughly where it started 2026 after a 34% gain through Friday. The dollar rose as much as 12% against the real on Friday, while the Ibovespa, Brazil’s benchmark stock index, fell as much as 17% to about 170,000 points. For a dollar-based investor, those moves at their worst combine to a loss of about 26%, in line with the ETF’s low. B3, the São Paulo exchange, halted trading for 30 minutes after the Ibovespa fell 10% from Friday’s close, its first circuit breaker since the COVID-19 pandemic. A circuit breaker is an automatic pause meant to slow panic selling, but the index kept sliding after trading resumed. Investors had been positioning for the opposite result since Bolsonaro unexpectedly finished first in the Oct. 4 first round, with 47.03% of valid votes to Lula’s 45.16%. The Ibovespa jumped 7.85% the next day and EWZ gained more than 10% on bets that Bolsonaro would tighten public finances and open the way to lower interest rates. Monday’s drop erased that rally and, at its lows, left the Ibovespa about 11% below its Oct. 2 close. But Lula didn’t just beat Bolsonaro, he also beat prediction markets. Polymarket gave Bolsonaro an<a href="https://x.com/Polymarket/status/2114003200017575948" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> 82% chance</a> of winning the day before the vote, and Kalshi had him near 80% on Sunday morning. Both platforms are<a href="https://decrypt.co/resources/what-are-decentralized-prediction-markets-myriad-polymarket-kalshi" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow"> prediction markets</a>, where a contract that pays $1 if a candidate wins trades at 80 cents when traders see an 80% chance. Polling pointed to a coin flip rather than a favorite, with the latest Datafolha survey tied at 50% each among valid votes and CNT/MDA showing Bolsonaro ahead 50.5% to 49.5% in mid-October. Lula won 51.79% to 48.21%, a margin of about 4.4 million votes, according to Brazil’s Superior Electoral Court. Bolsonaro said on Sunday night that he does not recognize the result and will ask the courts to annul the election, after pledging in August to respect the outcome. He objected to Supreme Court Justice Cristiano Zanin’s decision to extend voting until 7 p.m. at the request of Lula’s campaign, which he said changed the rules midgame. His own campaign had separately asked for extr
NVIDIA (NVDA.O): will invest $3 billion in Meta's equity offering.
CoinWorld news, NVIDIA (NVDA.O): will invest $3 billion in Meta's equity offering.
Market news: Nvidia and Meta will expand their collaboration on MUSE and the MUSE series of models amid a backdrop of steady growth.
CoinWorld news, market news: Nvidia and Meta will expand cooperation on MUSE and the MUSE series of models amid a backdrop of robust growth.
Nvidia will invest $3 billion in Meta.
According to CoinWorld news, Nvidia (NVDA.O) announced it will invest $3 billion in Meta's equity offering.
Standard Chartered launches direct Bitcoin trading services in the UAE.
CoinWorld news: Standard Chartered Bank launched direct Bitcoin trading services for clients in the UAE this month.
VXN Nasdaq 100 Volatility Index daily change reported at -6.71%
CoinWorld US stock data: The VXN Nasdaq 100 Volatility Index fell 6.71% from the previous trading day. Compared with the same-caliber snapshot 7 days ago, it dropped 0.9268 percentage points.
Microsoft launches voluntary severance program covering 60,000 employees
Microsoft announced a voluntary severance program covering approximately 60,000 employees, about a quarter of its global workforce. The program is Microsoft's second voluntary severance initiative announced on October 26, 2026, aimed at addressing cost pressures from its $175 billion artificial intelligence spending plan. The program is available to eligible employees in the United States, Canada, the United Kingdom, and India, covering several major divisions, including Copilot, AI Experiences, Xbox, Windows + Devices, Finance, and Human Resources, while departments such as Marketing, Commercial Business, and Security are excluded. Microsoft Chief People Officer Amy Coleman said the program provides financial support to employees considering leaving the company while allowing participating divisions to adjust staffing. The voluntary severance program comes as Microsoft prepares for approximately $175 billion in capital expenditures in 2026, with AI infrastructure accounting for a significant portion. Microsoft shares rose about 1.5% on October 26, closing at $532.60, as investors focused on the company's latest cost-cutting measures.
The 4-hour trading volume ratio of SOL contracts to spot is 6.43.
Bijie data: Over the most recent 4 full hours, SOLUSDT perpetual contract trading volume was 6.43 times its spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it decreased by 3.0189; compared with the same-caliber snapshot 7 days earlier, it decreased by 0.9075.
The 4-hour trading volume ratio of ETH contracts to spot is 16.41.
Bijie.com data: Over the most recent 4 full hours, ETHUSDT perpetual contract trading volume was 16.41 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it fell by 1.4653; compared with the same-caliber snapshot 7 days earlier, it fell by 1.5592.
The value of the Anthropic stake held by the Commonwealth Bank of Australia has grown about 10 times.
According to Bijie news, the value of the Anthropic stake held by the Commonwealth Bank of Australia grew about 10 times within a year, rising from AUD 153 million at the end of June 2025 to AUD 1.53 billion at the end of June 2026. Anthropic's upcoming IPO may provide the Commonwealth Bank of Australia with an opportunity to cash in on the gains.