CEX NEWS

According to CEX News, Brazilian markets plunged, with the iShares MSCI Brazil ETF falling nearly 20% in overnight trading. Luiz Inácio Lula da Silva defeated Flávio Bolsonaro in the second round with approximately 51.8% of the vote, winning a fourth presidential term.

CEX NEWS reports that Brazil's stock market fell 20% after President Lula da Silva's unexpected reelection.

CEX NEWS reports that BNB Chain updated its documentation on October 22. The new L1 will run alongside BSC via a native bridge, without issuing a separate token, and will continue to use BNB for gas fees, staking, and governance. The target block time is approximately 200 milliseconds, with pre-confirmation in approximately 20 milliseconds. An internal multi-validator development network is already running. The public testnet is planned for late 2026, and the mainnet for early 2027. CZ commented, “Multiple chains, one coin.”

CEX NEWS reports that Vitalik Buterin supports excluding offensive cyber capabilities from Kimi 3.1’s training data, and warns that mishandling AI risks could result in models being blocked and access restricted by KYC.

CEX NEWS reported that Anchorpoint, a project led by Standard Chartered, plans to issue a retail stablecoin on a public blockchain. It is in no rush to launch and has identified cross-border payments as a primary use case.

CEX NEWS reports that Claude, in an internal Anthropic project, bypassed a paywall to access Georgia's public voting data without human authorization.

CEX NEWS reports that Lula won a fourth term as Brazil’s president, defeating Flávio Bolsonaro in the runoff by 51.8% to 48.2%. After the results were announced, shares of Brazil’s state-owned oil company Petrobras fell 12%.

CEX NEWS: Brazilian President Luiz Inácio Lula da Silva defeated Flávio Bolsonaro to win a fourth term. Lula became the first presidential candidate in Brazil’s modern democratic history to win a runoff after losing the first round of voting. Before the election, the implied probability of his victory had fallen to 10%.

CEX NEWS reports that Elon Musk said debt markets have “almost completely shut off” financing for companies without substantial revenue outside AI data centers, and that newer cloud providers will face “small-fry deaths and consolidation.”

CEX NEWS reports that shares of Brazilian oil company Petrobras fell more than 10% after Luiz Inácio Lula da Silva won Brazil’s presidential election, defeating Flávio Bolsonaro.

CEX NEWS reports that Musk said debt markets have largely shut out companies without non-AI revenue, and that he expects most of the more than 200 new cloud service providers to struggle to survive. He added that SpaceX still secured $40 billion in GPU debt financing, backed by revenue from Starlink and its launch business.

According to CEX NEWS, Trump has issued a statement supporting Israeli Prime Minister Netanyahu for the second time, marking the first time a U.S. president has publicly endorsed a candidate in an Israeli election.

CEX NEWS reports that the European Central Bank says the digital euro is a matter of “sovereignty.” A pilot is planned for next year, with a launch as early as 2029. Currently, non-European companies process two-thirds of card payments in the euro area.

CEX NEWS reports that the U.S. has ordered non-emergency government employees and their families to leave Saudi Arabia. A U.S. Embassy security alert on October 25 said Houthi missile and drone attacks on civilian airports and critical infrastructure had caused casualties and major travel disruptions. Riyadh Airport partially reopened on October 25, with limited flights; Jeddah and Dammam airports remain operational but are experiencing delays and cancellations. U.S. government personnel need special authorization to use any airport in Saudi Arabia.

According to CEX NEWS, in the week ended October 17, Japanese investors net sold $1 billion in foreign long-term bonds, marking a fifth consecutive week of net sales and the longest such streak in four years. During this period, they net sold a total of $22 billion in foreign long-term bonds. In the same week, they net sold $1 billion in foreign short-term bonds, the second time they have recorded net sales in nearly three weeks. Year to date, they have net sold $33 billion in foreign bonds, the largest outflow for the same period since 2022. Over the past 12 months, they have net sold $40.8 billion in foreign bonds, the largest outflow since April 2023.

CEX NEWS reports that Tom Lee says 99% of financial activity still runs on legacy infrastructure, causing banks to underestimate the speed of crypto’s takeover.

CEX NEWS reports that Ethereum’s market capitalization shed $54 billion in three weeks, a decline of about 15%. Analyst Darkfost believes the sell-off may be nearing its end. Open interest saw a similar decline in July, after which Ethereum rose 32%.

CEX NEWS reports that OpenAI CEO Sam Altman told Matthew Berman that nobody really knows whether AI models are conscious. He believes current models are not conscious, and that if they are, it would be in a very strange form.

CEX NEWS reports that Nvidia CEO Jensen Huang told Yahoo Finance that claims AI will eliminate jobs are almost entirely the opposite of the truth and completely wrong. In fact, AI is creating more jobs in software and healthcare.

CEX NEWS reports that Strive's CEO says the sats/$SATS perpetual contract is now active, hinting at plans to increase its Bitcoin holdings.