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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
BofA Global Research adds SpaceX to its US equity top picks list
Bank of America Global Research has added SpaceX (SPCX.O) to its list of top US stock picks, according to BiJie Network.
Kremlin: Trilateral talks between the US, Russia and Ukraine will resume in Abu Dhabi in November.
CoinWorld news, Kremlin: Trilateral talks between the US, Russia, and Ukraine will resume in Abu Dhabi in November.
Binance added 227 new futures trading pairs in 2026, with traditional assets accounting for 70%.
According to data from Bijie.com: Binance continued to expand its derivatives product line in 2026, having added 227 futures trading pairs so far, close to the 2025 record of 235. According to data from market analyst Maartunn, about 70% of the new trading pairs this year are related to traditional financial assets, including stocks, exchange-traded funds (ETFs), commodities, and foreign exchange markets, rather than cryptocurrencies. Binance also announced the addition of four new traditional financial contracts, further enriching users' trading options. To protect users and maintain a high-quality trading market, Binance regularly reviews all listed spot trading pairs and may delist some trading pairs due to factors such as insufficient liquidity. According to the latest review, Binance will stop trading 12 spot trading pairs at 03:00 (UTC) on October 30, 2026.
On the day Anthropic filed for its IPO, it faced an appeal from the U.S. government, and the Claude ban has already affected commercial customers.
On the day Anthropic filed for its IPO, the U.S. Department of Justice appealed in an attempt to overturn a California court ruling and reinstate a ban on the company across all federal agencies. The ban affected its commercial clients, causing some government contractors to terminate contracts, and deals worth more than $180 million fell through. Anthropic estimates that if the ban is fully implemented, its 2026 revenue could be reduced by billions of dollars.
According to Saudi media outlet Al Hadath: The Houthi armed forces launched a ballistic missile from an area south of Sanaa.
Houthi forces launched a ballistic missile from an area south of Sanaa, according to Saudi media outlet Al Hadath.
Gate gstocks cumulative trading volume has surpassed $8.4 billion, with over $2.2 billion in trading over the past 30 days.
According to data from Bihaiwang: the latest gstocks trading data released by Gate shows that the cumulative trading volume of the platform's tokenized stock business has exceeded 8.4 billion US dollars, with trading volume over the past 30 days surpassing 2.2 billion US dollars and cumulative trading users approaching 30,000. Among them, the top five popular tickers each recorded around 50 million US dollars in trading volume over the past 30 days, indicating relatively high market trading activity. In terms of specific tickers, sndkg's cumulative trading volume exceeded 300 million US dollars, while mug, spcxg, tslag, and skhyg each exceeded 200 million US dollars in cumulative trading volume; tslag and nvdag each surpassed 10,000 cumulative trading users, reflecting continued market attention to tokens related to certain tech stocks. Currently, Gate gstocks has listed 78 trading tickers, covering popular sectors such as AI chips, storage technology, electric vehicles, and commercial aerospace. As trading scale expands and participating users increase, trading activity in the platform's popular stock tokens has further improved, providing support for the market liquidity of the related assets.
NVDA off-exchange short sale volume ratio reported at 27.8%
CoinWorld US stock data: NVDA's off-exchange short selling volume accounted for 27.8% of the total that day. This is down 1.4891 percentage points compared with the same-caliber snapshot 7 days ago.
According to TASS: Russian President Putin, Norwegian Prime Minister Støre, and Finnish President Stubb discussed the Ukraine issue, and the three sides agreed to maintain contact.
According to TASS: Russian President Putin, Norwegian Prime Minister Støre, and Finnish President Stubb discussed the Ukraine issue, and the three sides agreed to maintain contact.