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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
A hacker opened a long position of 30,000 ETH on HyperLiquid, with an unrealized profit of $5.62 million.
According to a CoinWorld report, on-chain analyst Yu Jin reported that the hacker who stole approximately $40 million in assets last year has now opened a long position of 30,282 ETH on HyperLiquid at an entry price of $2,134, with a current unrealized profit of about $5.62 million. The source of funds for this address has a direct financial overlap with the known uxlink hacker address. In early August, the hacker gathered $11.54 million in USDC from multiple channels and began trading ETH, achieving notable results: opened 6 positions, won 5, with total profits reaching as high as $5.71 million.
State Data Group Co., Ltd. has completed its business registration with a registered capital of 30 billion yuan.
According to Bihai.com, China National Data Group Co., Ltd. has completed its industrial and commercial registration. It was established in September 2026, with Jian Qin as its legal representative, a registered capital of 30 billion yuan, and its registered address located in Xiong'an New Area. The company's business scope includes big data services, data processing services, artificial intelligence application software development, and artificial intelligence public data platforms. Shareholder information shows that the State-owned Assets Supervision and Administration Commission of the State Council holds a 20% stake with a subscribed capital contribution of 6 billion yuan; China Unicom, China Mobile, and China Telecom each hold a 15% stake with subscribed capital contributions of 4.5 billion yuan each; State Grid and China Southern Power Grid each hold a 12.5% stake with subscribed capital contributions of 3.75 billion yuan each; and China Xiong'an Group holds a 10% stake with a subscribed capital contribution of 3 billion yuan.
The National Data Group has completed its business registration, with its shareholders publicly disclosed.
According to Bihai.com, China Data Group Co., Ltd. has completed its business registration, with a registered capital of 30 billion yuan and its registered address in Xiong'an New Area, Hebei. Qichacha's equity penetration shows that the State-owned Assets Supervision and Administration Commission of the State Council contributed 6 billion yuan, holding a 20% stake; China Mobile, China Telecom, and China Unicom, the three major basic telecom operators, each contributed 4.5 billion yuan, each holding a 15% stake, totaling 45%; China Southern Power Grid and State Grid each contributed 3.75 billion yuan, each holding a 12.5% stake, totaling 25%; China Xiong'an Group contributed 3 billion yuan, holding a 10% stake. The company's business scope includes big data services, data processing and storage support services, artificial intelligence application software development, blockchain technology-related software and services, cloud computing equipment technology services, and others.
South Korea's KOSPI index rose more than 4%, marking its seventh sharp move within 12 trading days.
CoinWorld news, according to Yonhap, South Korea's KOSPI index rose more than 4%, marking the seventh time in 12 trading days that it has seen a move of 3% or more. For the whole of 2024, the index saw only four such large swings. The rebound was driven by gains on Wall Street and optimism about artificial intelligence. Samsung and SK Hynix, the two largest companies in the index, produce memory chips used in AI servers. Despite this, the index remains more than 35% below its record closing high of 9,114 points set in June.
A user lost $1.58 million on Ethereum and Base chains due to a private key leak.
According to CoinWorld news, a user lost approximately $1.58 million on the Ethereum and Base chains due to a private key leak.
BTC perpetual contract open interest totals 15.196 billion USD.
According to CoinWorld data: under the statistical methodology of selected mainstream platforms, the total notional value of open positions in BTC USDT-margined perpetual contracts stands at 15.196 billion USD. Compared with the snapshot taken 24 hours earlier using the same methodology, this represents an increase of 1.84%; compared with the snapshot taken 7 days earlier using the same methodology, it represents an increase of 0.89%.
Most of the crypto market is up, with the AI sector rising nearly 8%.
币界网数据：根币界网数据：加密市场多数上涨，AI板块24小时上涨7.71%，其中Quack AI（Q）上涨252.24%，Sosovalue（SOSO）上涨9.16%。PayFi板块上涨2.06%，Telcoin（TEL）上涨8.99%DEFI板块上涨2.03%，Chip（CHIP）上涨19.94%Meme板块上涨1.80%，SPX6900（SPX）上涨6.67%Layer2板块上涨1.04%，Soon（SOON）上涨6.20%Layer1板块上涨0.99%，XDC Network（XDC）上涨9.55%CeFi板块上涨0.90%，Bitget Token（BGB）上涨1.70%。SocialFi板块下跌2.33%，Gram（GRAM）下跌3.18%。 加密板块指数显示，SSideFi、SSigameFi、SSiMeme指数分别上涨2.60%、2.35%、2.28%。
Bank of America report: Global equity funds attracted $55.6 billion in inflows last week.
According to a CoinWorld report, the latest edition of BofA's "Flow Show" report shows that global equity funds attracted $55.6 billion in inflows last week, with technology funds seeing net inflows of $18.8 billion, marking the highest single-week level since July. However, the BofA Bull & Bear Indicator fell from 7.4 to 7.2, while consumer goods and utilities funds saw outflows of $2.1 billion and $1.6 billion respectively, both the second-largest single-week outflows on record. This suggests that although capital continues to chase technology stocks, investment sentiment within the market is beginning to diverge. Hartnett and the BofA strategy team therefore maintain their tactically bearish view on bond yields, equities, and the dollar, expecting the dollar index to potentially fall below 100 and the 30-year U.S. Treasury yield to move toward 5%. Short-term market movements will depend on whether policy risks, European sovereign debt pressures, and the AI industry's financing environment can gradually become clearer.
The number of declining stocks listed on the Nasdaq is reported at 2,200.
CoinWorld US stock data: Nasdaq decliners for the day totaled 2,200 securities. Compared with the same-caliber snapshot 7 days ago, this is down 39.71%.