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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
Israel's defense minister called on voters to let Netanyahu "finish the job against Iran."
CoinWorld news, according to a report by CBS News, on Tuesday morning local time, Israeli citizens began participating in the national election. This election will determine the composition of the country's next government, and the Iran war has become an important factor influencing voters' decisions. Israeli Defense Minister Katz said that voters are facing a choice between two security approaches: "one based on offense, proactive action, and decisive victory, and the other a return to a policy of containment and restraint." Katz stated: "We have already struck Iran twice and eliminated existential threats; we have expanded Israel's security buffer zones in Lebanon, Syria, and Gaza to protect Israeli communities; at present, we are strengthening and consolidating defenses along the eastern border and the Jordan Valley region." He called on Israeli voters to "support this approach so that the mission can be completed."
Thailand's digital asset payment app worpt has officially launched.
CoinWorld news: Thailand-based digital asset payment app worpt has announced its official launch under Thailand's tourist digipay regulatory sandbox framework, allowing foreign tourists to convert stablecoins such as USDT and USDC into Thai baht and pay for goods and services by scanning Thai QR PromptPay codes. worpt was jointly developed by Waan Exchange (WaanX), a digital asset dealer holding a Thai SEC license, and Wipay, an e-money service provider regulated by the Bank of Thailand. WaanX has been approved to participate in the tourist digipay sandbox. The project also involves partners such as Tether, Visa, and Thai retail group The Mall Group. Merchants ultimately receive Thai baht through the existing payment system rather than receiving cryptocurrency directly. worpt plans to launch a physical Visa prepaid card in mid-November 2026 and a virtual card in early 2027, enabling users to use the same Thai baht balance for both QR code and card payments.
Euro area bank loan demand falls, credit conditions tighten.
ECB survey shows eurozone banks tightened corporate loan conditions in the three months to September while credit demand declined, suggesting the ECB's rate hikes are helping to "cool" economic activity. The ECB published the results of its quarterly survey of 159 banks, conducted from September 21 to October 6. The survey showed that banks tightened loan approval standards mainly because the US-Iran war heightened banks' risk concerns. Some banks reported increasing pressure from geopolitical uncertainty and changes in energy markets. The share of loan applications rejected during the quarter rose, and the decline in loan demand mainly reflected the impact of higher borrowing costs. The ECB raised key interest rates in June and September, for a cumulative 50 basis points of increases. Officials are expected to keep key rates unchanged at Thursday's meeting but raise them again by 25 basis points in December.
Binance submits virtual asset service provider license application to the Central Bank of Brazil.
According to blocknews, Binance submitted an application for a virtual asset service provider (SPSAV) license to the Central Bank of Brazil through its local entity bbrasil on October 23, completing the filing before the October 30 regulatory deadline. To comply with local regulatory requirements, Binance has restricted Brazilian users from using eight services, including crypto lending, leveraged trading, mining pools, and cloud mining, starting October 27, and has delisted 22 tokens, including USDE, USTC, DCR, and XVG. Existing positions in restricted products, in principle, can only be reduced or closed and cannot be increased. Binance plans to complete the migration of local user accounts by October 29.
Binance applies for a crypto service provider license in Brazil
CoinWorld news, according to Cointelegraph, Binance has applied for a crypto service provider license in Brazil before the deadline of October 30.
Musk: SpaceX completes $40 billion GPU debt deal
CoinWorld news, Musk announced that SpaceX has completed a $40 billion GPU debt deal, planning to purchase graphics processing units (GPUs) to enhance its computing infrastructure. Musk stated that most of the financing involves redeemable debt, and the equipment will arrive over the next two quarters. He added that these purchases will not have a significant impact on the current quarter. This announcement follows earlier reports of negotiations with banks and asset management companies, with discussions focused on NVIDIA chips used for SpaceX's computing operations. According to S&P Global ratings, SpaceX has received a BBB investment-grade credit rating and is expected to expand its financing channels with institutional investors.
CZ: Today is the best day in history to start a business.
According to a CoinWorld report, Binance founder CZ said in an interview on Pivot that October 24, 2026 is the best day in history to start a business, as the major technology directions such as AI, blockchain, and the internet have become clear. He advises young people to learn new technologies as soon as possible, find a product that others need, that they enjoy, and that they are capable of building, and then take action. He emphasized that he does not recommend the traditional career path of working at one company for a lifetime and encourages more people to consider entrepreneurship, while noting that entrepreneurship comes with enormous uncertainty and pain, but can also bring positive impact and substantial rewards.
标普500期权Put/Call比报1.11
Bijie Network US stock data: The S&P 500 options Put/Call ratio is 1.11, with put option trading volume higher than call option volume on the day. Compared with the same-caliber snapshot 7 days ago, it is down 0.08.
Shinhan Card partners with Dunamu to launch token payment pilot
CoinWorld news, according to Yonhap News Agency, South Korean credit card company Shinhan Card has announced a partnership with Dunamu, the parent company of Upbit, to launch the credit card industry's first token payment pilot in South Korea based on Giwa Chain. The test will be conducted for employees at merchants at Shinhan Card's headquarters, where employees will receive tokens issued by Shinhan Card through Giwa Wallet and complete payments by scanning QR codes. The system uses the on-chain identity authentication technology Dojang to verify employee identities, allowing only pre-registered wallets to participate in transactions. Shinhan Card stated that it plans to promote commercialization after the relevant legislation is completed and to gradually expand access to merchants and the global blockchain network.