Brazil runoff count at 99.78%: Lula 51.76%, Bolsonaro 48.24%

The margin is narrow enough that the remaining uncounted fraction, however small, keeps the result formally open, and the near-even split signals a deeply divided electorate rather than a decisive mandate. For crypto and RWA markets, the read-through is indirect: Brazilian policy direction on digital assets and broader risk sentiment now hinges on a contested outcome rather than a clear winner. Worth watching is whether the final tally is accepted without dispute, since any challenge to the count would matter more for market tone than the precise percentage spread.