Brazil Crypto Regulation: Itaú Becomes First Bank to Register with Central Bank

Brazil's EWZ ETF crashed -19.8% on October 26, an 8.4 standard deviation event — one of the rarest in two decades. Bolsonaro's whereabouts are reportedly unknown amid claims he fled the country.

Bolsonaro's Liberal Party has formally accepted defeat in Brazil's election, even as Donald Trump publicly claims the results were rigged.

Brazil's Federal Police, acting on a Supreme Court order from Justice Alexandre de Moraes, seized Flávio Bolsonaro's passport within 24 hours citing flight risk, as he faces investigation for alleged crimes — sparking fierce political debate about democratic norms.

Brazil's Lula secured re-election but the market reaction was severe: stocks down 30%, 10Y bond yields hitting 16% (highest since 2016), and $200B in market cap erased. Trump called the election rigged, and bond vigilantes are fleeing.

Luiz Inácio Lula da Silva won a fourth presidential term in Brazil with 51.79% of the vote, shocking markets — the Ibovespa fell 10% at the open, triggering the first circuit breaker since March 2020, with US-listed Brazilian stocks collapsing.

Lula da Silva won a surprise fourth term as Brazil's president over Flávio Bolsonaro, triggering a historic market rout: BOVESPA futures down nearly 20%, the Real falling 8%+ and hitting trading limits, stocks triggering circuit breakers, and the Brazil ETF $EWZ down 25% premarket.

Lula has won Brazil's presidential election, sparking widespread international reaction. China pledges cooperation, ETFs are volatile, and progressive voices frame it as a turning point against the global right.

Luiz Inácio Lula da Silva has secured a fourth presidential term in Brazil after a dramatic comeback, sparking massive street celebrations while Bolsonaro alleges fraud.

Luiz Inácio Lula da Silva has won Brazil's presidential runoff with ~51% of the vote, defeating Flávio Bolsonaro in a dramatic late comeback. The result triggered a -12% crash in the Brazil ETF EWZ and was accompanied by widespread violence and alleged voter suppression.