Brazil Presidential Election Heads to Runoff as No Candidate Wins Majority

The runoff removes the first-round ambiguity but leaves Brazil's policy direction unresolved until October 25, which matters for markets exposed to Brazilian assets and for the broader crypto and RWA conversation in Latin America. The two names advancing signal a polarized contest rather than a decisive mandate, so any regulatory or monetary posture tied to the eventual winner stays contingent. Whether the runoff produces a clearer signal on Brazil's digital-asset stance is the open question worth watching.