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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 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.
Nvidia invests $3 billion in Meta to deepen AI collaboration.
Coin World news, according to CNBC, Nvidia will invest $3 billion in Meta to deepen cooperation between the two tech giants in the field of artificial intelligence.
JPMorgan's assessment: The U.S. Treasury market is expected to deliver returns of up to 8% over the next year.
According to a report from Bijie, Caixin reported on October 27 that Bob Michele, Chief Investment Officer and Global Head of Fixed Income at JPMorgan Asset Management, said on Tuesday that over the next 12 months, the U.S. bond market's return is expected to reach around 7% to 8%. He believes that long-term U.S. Treasuries have the greatest investment value. Michele noted that although the Federal Reserve will not raise rates this week, it is very likely to send a hawkish signal in December.
A fire broke out after an attack near Saudi Arabia's largest oil export hub.
According to a report from Bijie.com, the area near Ras Tanura, Saudi Arabia's largest oil export hub, was attacked and caught fire in the early hours of Tuesday, and the fire has now been brought under control. Informed sources said the extent of the damage is not yet clear. In recent weeks, energy infrastructure in many parts of Saudi Arabia has been attacked by Yemen's Houthi armed forces, with Saudi Aramco's headquarters, major oil fields, and refineries in the western region all becoming targets. Saudi authorities said that air defense systems intercepted and destroyed 3 ballistic missiles launched by the Houthis toward eastern Saudi Arabia, while also intercepting 4 drones and 3 missiles.
Cailian Press, October 27 — According to reports, Nvidia will invest $3 billion in META.
According to a CoinWorld report, Caixin reported on October 27 that Nvidia will invest $3 billion in META.