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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
Binance will perform wallet maintenance for the Ethereum network on October 28.
According to CoinWorld news, Binance will perform wallet maintenance on the Ethereum network (ETH) at 14:00 on October 28, 2026, and will suspend deposit and withdrawal services on the Ethereum network at 13:55. The maintenance is expected to take 1 hour, and the relevant services will be automatically restored after completion.
Anthropic's IPO filing lists nearly 100 pages of risk factors.
According to Cointelegraph, Anthropic's IPO filing lists nearly 100 pages of risk factors, covering everything from slowing revenue growth and regulation to potential existential risks to humanity.
Microsoft is offering voluntary severance packages to approximately 60,000 employees.
CoinWorld news, Reuters reports: Microsoft has announced that it will offer voluntary severance packages to approximately 60,000 employees, a number that exceeds a quarter of its global workforce. As a tech giant, Microsoft hopes to use this move to control costs and provide funding support for its large-scale artificial intelligence investments.
Financial Associated Press, October 27 — Apple futures' main contract continued to decline, falling nearly 4% to 5,380 yuan per ton.
According to CoinWorld news, Caixin reported on October 27 that the main apple futures contract continued to decline, falling nearly 4% to 5,380 yuan per ton.
Hong Kong-listed AI large model concept stocks strengthened, with Zhipu up over 10% and MiniMax up over 4%.
According to Biji.com, Hong Kong-listed AI large model concept stocks strengthened, with Zhipu (02513.HK) rising more than 10% and MiniMax (00100.HK) rising more than 4%.
The number of advancing stocks listed on the Nasdaq stands at 2,773.
CoinWorld US stock data: Nasdaq gainers for the day totaled 2,773 securities.
The daily snapshot of the total stablecoin market capitalization reported 303.27 billion USD.
CoinWorld data: The daily snapshot for 2026-10-27 shows that the total circulating market capitalization of stablecoins within the statistical scope was $303.27 billion.
Blackstone has officially signed an agreement to explore a connection with the Japanese yen stablecoin.
BlackRock has officially signed an agreement to explore connecting tokenized funds with a Japanese yen stablecoin. The asset manager, which manages $15.5 trillion in assets, is working with SBI and Startale, the companies behind the yen-pegged stablecoin JPYS. They want to find out whether tokenized money market funds can be connected to JPYS. SBI's chairman said the shift to on-chain finance "has become an inevitable global trend."
A whale sold 482,228 SOL, worth approximately $49.17 million.
CoinWorld data: According to Lookonchain monitoring, over the past 3 days, 3 wallets (possibly belonging to the same whale) transferred 482,228 SOL, worth approximately $49.17 million, and have so far deposited 171,430 SOL, worth approximately $1.73 million, to exchanges.