Brazil suffers worst selloff in decades on Lula win as Hyperliquid tokenized perp led price discovery

Brazil's market suffered its worst selloff in decades after Lula's election win, with investors anxious over the country's fiscal future. Hyperliquid's tokenized perpetual contracts led price discovery during the volatility, according to Crypto Briefing. The event highlights how onchain trading venues are increasingly setting prices during major macroeconomic shocks.