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More →Zcash co-founder calls to stop funding ‘over $125M’ grants program
Sean Bowe says ZCG has enough money to keep funding projects and wants its share of new ZEC redirected to a reserve for the network. Zcash co-founder Sean Bowe proposed ending the automatic funding stream to Zcash Community Grants (ZCG), saying its treasury was large enough to continue funding projects without further automatic payments. “ZCG has over $125M in funding, and will receive millions more before the spigot is turned off,” Bowe <a href="https://x.com/ebfull/status/2114911107718742451" rel="nofollow noopener" target="_blank">>said</a> Tuesday on X. “The program was never designed to handle this amount of funding.” Bowe shared a draft GitHub <a href="https://github.com/zcash/zips/blob/end-zcg-stream/zips/draft-bowe-end-zcg-stream.md" rel="nofollow noopener" target="_blank">>proposal</a> that would redirect ZCG’s 8% share of the Zcash (ZEC) block subsidy to the network’s sustainability reserve, while leaving its existing funds untouched. The allocation would flow to the Network Sustainability Mechanism until the current funding period ends in 2028. The mechanism is designed to hold ZEC out of circulation and gradually reissue it through future block rewards. In September, Haseeb Qureshi, managing partner at crypto venture capital firm Dragonfly, proposed ending the <a href="https://cointelegraph.com/news/dragonflys-qureshi-end-zcash-dev-fund-2028" target="_blank" rel="nofollow">Zcash developer fund</a> when its current funding period expires, saying that it risks being “politicized” as it approaches $100 million in value. ZCG’s dashboard <a href="https://zcashcommunitygrants.org/" rel="nofollow noopener" target="_blank">>listed</a> 91,453 ZEC and $8.8 million in cash as of Wednesday, with $2.4 million in outstanding grant commitments. The ZEC holdings alone were worth about $111 million at press time. The network’s separate development lockbox <a href="https://zecstats.org/shielded" rel="nofollow noopener" target="_blank">>held</a> 72,351 ZEC, worth roughly $89 million, according to ZecStats. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/prediction-markets-17b-robinhood-exceed-crypto-revenue-2028-bernstein" target="_blank" rel="nofollow"><em><strong>HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein</strong></em></a>
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
India's diesel exports are surging, which is expected to ease the global supply tightness next year.
India's diesel exports are expected to grow significantly next year, helping to ease global supply tightness. Indian Oil Minister Hardeep Singh Puri said on Tuesday that with new refining capacity coming online, state-owned refiners will add at least 15 million tons of annual diesel production capacity. He noted that India will not only be able to meet domestic demand but also provide much-needed supply to the global market.
A senior Ukrainian official said the ceasefire in Oleshky will last until November 1.
Ukrainian senior officials say the ceasefire in Oleshky will last until November 1, according to CoinWorld.
BlackRock sells approximately $136 million worth of BTC
According to Bijie.com data: BlackRock transferred 1,698 BTC (approximately $136 million) from its IBIT Bitcoin ETF wallet to Coinbase Prime for sale, with the routing address being 36yzxctvlpdyapyuqxdjet46omvb2nrzvv.
Galaxy Digital reported third-quarter net income of $323 million, or $0.66 per share.
CoinWorld data: Galaxy Digital announced its Q3 2026 financial results, reporting net income of $323 million, diluted earnings per share of $0.66, adjusted earnings per share of $0.83, adjusted gross profit of $569 million, and adjusted EBITDA of $455 million. As of September 30, the company's total shareholders' equity was $3 billion, with cash, stablecoins, and U.S. Treasury securities totaling $4.9 billion. The company has repurchased 9.8 million shares, was approved for an additional $200 million buyback authorization, has a data center power reserve scale exceeding 5.7 gigawatts, and completed a $3.5 billion senior secured notes issuance.
Gate将上线Ritual (RITUAL)现货及闪兑交易，CandyDrop推出500万枚RITUAL空投
According to CoinWorld news, Gate will list Ritual (RITUAL) for spot trading at 21:00 (UTC+8) on October 27, and will open flash exchange trading at 22:00 the same day. Ritual is an EVM-compatible Layer 1 blockchain built specifically for autonomous AI agents, supporting smart contracts that can directly call AI models and external APIs. Meanwhile, the 189th round of Gate CandyDrop will run from 18:00 (UTC+8) on October 28 to 18:00 (UTC+8) on November 11, with a total prize pool of 5 million Ritual tokens. The event covers three major tasks: first spot trading, spot trading milestones, and inviting friends, with prize pools of 300,000, 3.5 million, and 1.2 million Ritual tokens respectively. Eligible users who complete the specified tasks can participate to claim rewards or share the airdrop through Candy.
Japanese Bitcoin whale makes first large withdrawal of 65 BTC in nearly two years.
CoinWorld data: According to OnchainLens, a Japanese Bitcoin whale has withdrawn another 65 BTC (about $5.2 million), marking its first major activity in nearly two years. Over the past 20 days, the whale has withdrawn a total of 136.894 BTC (about $11.24 million) from Coincheck and Bitflyer. The withdrawal address is: bc1qhscz899tza7e3cmfx8dqfaarx0693uet07588znqw4yatjxdkc9sdt3mhj.
Financial Associated Press, October 27 - India's 10-year government bond yield fell 5 basis points to 7.43%.
CoinWorld news, Cailian Press, October 27: India's 10-year government bond yield fell 5 basis points to 7.43%.
TSLA off-exchange short sale volume ratio reported at 46.79%
CoinWorld US stock data: TSLA's off-exchange short-selling volume accounted for 46.79% of the total that day. Compared with the same-caliber snapshot 7 days earlier, it rose by 2.705 percentage points.