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FintechMarketWatch · 90d ago

Get ready for the summer rally, Wells Fargo tells investors

Wells Fargo attributes recent stock market volatility to quarter-end rebalancing and expects future volatility as November midterm elections approach. The bank predicts stocks will perform well between these events during the summer period.

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Tokenized deposits have been confirmed as legally equivalent to traditional deposits under Canadian banking law. The Office of the Superintendent of Financial Institutions made this determination on September 10, 2026, clarifying that digital ledger recording does not change a deposit's legal status.

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The Monetary Authority of Singapore is urging financial institutions to prepare for transformation driven by artificial intelligence, tokenization, and quantum computing. The central bank emphasizes that institutions must strengthen governance and cybersecurity as AI systems become increasingly autonomous.

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Perpetual futures contracts for gold and silver launched Thursday on Kalshi's platform following CFTC approval. These contracts represent the prediction-market operator's first perpetual futures offering outside of digital assets.

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