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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
Zhipu is handing out free eggs again: you can claim 300 million GLM-5.3-Flash tokens every day.
CoinWorld news: Zhipu announced today that its AI programming tool Zcode will provide each user with 300 million GLM-5.3-Flash tokens free of charge every day. However, these "eggs" can only be used within Zcode, and are available for only 10 hours each day. Users need to start claiming them at 19:00 Beijing time each day, and can only use them from 23:00 to 09:00 the next day. Users need to update the client, and after claiming the quota, switch to "global building" and select the GLM-5.3-Flash model.
Investment banks: The Philippine central bank may raise interest rates one more time before pausing.
According to a report from Bijie.com, Maybank economists stated in a report that the Philippine central bank may raise its policy rate by 25 basis points to 5.75% in December, then pause rate hikes and keep rates unchanged until the end of 2027. Since the beginning of this year, the Philippine central bank has raised rates four times, with a cumulative increase of 125 basis points. Economists pointed out that the lagged effects of monetary tightening are suppressing domestic demand in the Philippines. Although the Philippine central bank has not ruled out further monetary tightening if inflation risks intensify, weak economic growth may limit the room for further policy adjustments in the future.
Crypto companies rally to support midterm elections: Coinbase spends nearly $58 million; Ripple donates nearly 50 million yuan.
According to a Washington Post report, crypto companies actively donated during the midterm elections. Among them, Coinbase ranked 5th among donating organizations and 12th on the overall list with about $57.8 million in donations. Ripple donated about $49.6 million, ranking 7th among donating organizations and 17th on the overall list. Gemini founders Cameron and Tyler Winklevoss donated a combined total of about $55.9 million, ranking 13th on the overall list. Foris Dax ranked 24th on the overall list with $39 million.
DeFi total value locked daily snapshot reports 87.884 billion USD
CoinWorld data: The 2026-10-27 daily snapshot shows total DeFi TVL at $87.884 billion, down 0.87% from the previous comparable statistical period.
FFR officially listed on Nasdaq, with Jia Yueting as CEO.
According to CoinWorld news, embodied intelligence robotics company FF EAI Robotics Ecosystem Inc. has completed the merger of FFAI's robotics assets and business and successfully listed, marking the official Nasdaq debut of FFR, the first pure-play stock in the "four-core all-intelligence" humanoid and bionic Physical AI robotics ecosystem. At the same time, FFR completed organizational adjustments at the governance and management levels, appointing Jia Yueting as CEO, Jerry Wang as Executive Chairman, Chen Shi as Chief Independent Director, and Jason E. Dodier as Independent Director. Jia Yueting said: "The listing of FFR is another historic moment for me personally and for the entire team." Currently, FF's "four-core all-intelligence" ecosystem continues to make new progress and breakthroughs. Among them, the EAI Brain and Developer Platform core has officially released the FF OmniMind unified AI brain, and the robot body core is expected to exceed 300 units in sales and shipments in October, with cumulative sales and shipments exceeding 1,100 units by October, while continuing to deliver at positive gross margins.
Iran plans to finalize a natural gas swap agreement with Russia via Azerbaijan.
According to Iran's Press TV, Iran has announced that it is about to finalize a strategic agreement on natural gas swaps with Russia via Azerbaijan, while seeking new commitments for foreign energy investment to further advance its positioning in the regional energy market. During the 28th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) held in Moscow, Iran's Acting Oil Minister Hamid Bovard held trilateral talks with Russian Energy Minister Sergei Tsivilev and Azerbaijani Energy Minister Parviz Shahbazov, focusing on accelerating regional energy integration and securing market share amid volatility in Western markets. Bovard said that a general consensus has been reached on the gas swap agreement, and technical-level work is now being advanced to finalize the agreement. He expressed optimism about the project's progress, saying that the pipeline infrastructure project promoted by Russia and running through Azerbaijan is expected to be put into operation soon, thereby enabling large-scale and smooth natural gas transmission between Tehran and Moscow. In addition, Bovard also held bilateral talks with the Russian energy minister to discuss expanding Russian investment in Iran's oil and gas fields.
Michael Saylor's strategy takes effect, $CHAD preferred stock rebounds to $10.
According to CoinWorld news, the preferred stock $CHAD of Treasury Company DEFI Development Corp has recently recovered to its $10 par value, indicating that Michael Saylor's investment strategy is working.
nil briefly spiked to 0.13968 USDT, rising over 26% in 15 minutes.
CoinWorld data: According to OKX market data, nil briefly surged to 0.13968 USDT, rising more than 26% in 15 minutes, and is now trading at 0.12 USDT. In addition, Upbit will list the nil/KRW trading pair.
An unknown wallet received 2,249 BTC, worth approximately $179 million.
CoinWorld data: According to Whale Alert monitoring, an unknown wallet has just transferred in 2,249 BTC, worth approximately $179.35 million at real-time prices.