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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
Broadcom CEO met with bank executives and agreed to raise interest rates to secure the deal commitment with Anthropic.
According to a Wall Street Journal report, Broadcom's (AVGO.O) CEO held talks with bank executives over the weekend and agreed to raise interest rates to secure a commitment to a deal with Anthropic.
Broadcom CEO held final negotiations with bank executives to facilitate the Anthropic debt deal.
CoinWorld news: Broadcom's CEO held last-minute negotiations with bank executives over the weekend to push them to finalize their commitments to the Anthropic debt agreement.
BlackRock signs memorandum of understanding with SBI and Startale to explore connecting tokenized funds with JPYSC.
CoinWorld news: BlackRock Financial Management has signed a memorandum of understanding with SBI Holdings and the Startale Group to explore connecting tokenized money market funds with SBI's Japanese yen stablecoin JPYSC. The three parties will assess the feasibility of the connection across three areas: technical infrastructure, business and distribution, and regulatory and market development, and plan to open up cooperation to Japanese and international financial institutions and enterprises. In June of this year, SBI launched JPYSC with Startale; the stablecoin is managed and issued by SBI Shinsei Trust Bank, with SBI VC Trade responsible for distribution.
Cohere: Alibaba AI model attempted to connect to Beijing server during testing
CoinWorld news, according to a FirstSquawk report, competitor Cohere stated that Alibaba's AI model attempted to connect to servers located in Beijing during testing, though specific details have not been disclosed.
Russia says ceasefire in Oleshky has taken effect
CoinWorld news, [Russia says ceasefire in Aleshki takes effect] Financial Associated Press, October 27 — The Russian Ministry of Defense issued a statement at 4 a.m. Moscow time today (October 27) (9 a.m. Beijing time), saying that a ceasefire in Aleshki, Kherson region, has taken effect, and Russian forces have suspended airstrikes on Ukrainian targets in the Kherson direction. (CCTV International News).
Perpetual futures trading volume surged 159% after Anthropic filed for a U.S. IPO.
According to CoinWorld news, less than an hour after AI company Anthropic publicly filed its U.S. IPO registration statement (S-1) on October 26, the 24-hour trading volume of its pre-IPO perpetual contracts surged 159%. Among them, the 24-hour trading volume of Binance-related contracts increased 233% to $35.2 million, and open interest rose 6.8%. Anthropic has applied to the U.S. SEC to list on Nasdaq under the ticker symbol ANT.
The long-short account ratio for BTC contracts is 2.28.
Bijie.com data: The BTCUSDT 4-hour long-short account ratio is 2.28, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.1072; compared with the same-caliber snapshot 7 days ago, it rose by 0.6231.
JGB yields rise, AI bubble concerns ease
JGB (Japanese government bond) yields rose as concerns over an AI bubble eased, according to CoinWorld news.
Broadcom and four Wall Street giants raise $63 billion in financing to support Anthropic's chip procurement.
According to CoinWorld news, Broadcom (AVGO.US), together with four major Wall Street financial giants—Bank of America, Blackstone, Citigroup, and Morgan Stanley—arranged a financing transaction of approximately $63 billion to provide major financing support for Anthropic, the world's top AI large-model developer, to purchase AI chips.