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The Brazil market crisis has eroded investors' confidence in President Lula. Patrick Gillespie commented on Brazil's currency crisis, noting that the Brazilian real hit an all-time low following Lula's disappointing spending cuts. According to Bloomberg's currency report, the Brazilian real faced significant depreciation pressures, reflecting the market's concerns about the country's economic policies and future growth prospects.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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