PUM Exchange Advances European Compliance with Newly Granted Virtual Asset License
PUM Exchange, a leading global digital asset trading platform. PUM Exchange's unwavering commitment to operating within robust legal frameworks, enhancing user protection, and fostering sustainable growth in the rapidly evolving crypto market.
Strategic Commitment to Regulatory Excellence
In the face of increasingly stringent global regulations, PUM Exchange has proactively prioritized compliance, embedding regulatory best practices across its operations.
Bolstering User Trust and Institutional Confidence
Regulatory certification enhances the platform's ability to implement comprehensive Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, which are crucial for safeguarding users and preventing illicit activities.
This compliance milestone enables PUM Exchange to expand its service offerings within the European market, including fiat on-ramps, derivatives, and token listings, thereby providing greater access and convenience to traders.
Driving Sustainable Global Expansion
'Our vision extends beyond compliance — it's about building a responsible and future-ready trading ecosystem,' said by founder Allen Oliver. 'By integrating regulation with innovation, PUM Exchange aims to be a reliable partner for users at all levels.'
PUM Exchange is a global digital asset platform focused on innovation, transparency, and user empowerment. With products spanning spot trading, derivatives, fiat integration, and community governance, PUM is building the future of digital finance.
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Yahoo
11 hours ago
- Yahoo
Xi's Price-War Campaign Creates a Buzz in China's Stock Market
(Bloomberg) -- For strategists at JPMorgan Chase & Co. and Goldman Sachs Group Inc. as well as money managers in Hong Kong and Singapore, an opaque term has suddenly emerged as the catchphrase for deciphering Chinese policy intentions and navigating the stock market. Singer Akon's Failed Futuristic City in Senegal Ends Up a $1 Billion Resort Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Philadelphia Reaches Pact With Workers to End Garbage Strike The term 'anti-involution' has cropped up in government documents over the past year, but gained prominence earlier this month when President Xi Jinping chaired a high-level meeting that pledged to regulate 'disorderly' price competition. It refers to efforts to root out China's industrial malaise, marked by cutthroat price wars and overcapacity that have hurt profitability in sectors ranging from solar, new energy vehicles to steel. Investors are hopeful that a more coordinated policy response to tackle the drivers of deflation is on its way, though Beijing hasn't yet released any plan. Analyst reports on the theme have flooded the market, while solar and steel stocks have rallied in July. Morgan Stanley strategists changed their preference to onshore shares from those in Hong Kong last week. 'One of the biggest issues that investors have investing in China is that of excessive competition,' said Min Lan Tan, head of the Asia Pacific chief investment office at UBS AG. 'It's actually a very positive development that top down the government is now recognizing it and directly saying that destructive competition has to stop. It's a powerful policy signal.' The Chinese term for involution, 内卷 (neijuan), literally means rolling inwards. In practice, it's used to describe a system of intense competition that yields little meaningful progress. Huge spending on building capacity has helped Chinese firms enhance their global standing. The nation's companies now dominate every step of the solar supply chain, while its EV makers have toppled Tesla's dominance. Yet, ending destructive competition has rarely been more important. Producer deflation is worsening, and trade tensions mean China can no longer unleash some of its overcapacity to other countries. 'With foreign markets closing off Chinese trade routes, part of the competition is forced to return to the domestic market,' said Jasmine Duan, senior investment strategist at RBC Wealth Management Asia. The campaign seems to be helping improve investor sentiment for the mainland market, where policy drivers have a stronger sway and industrial stocks have bigger weighting. The onshore CSI 300 Index has risen 2% so far in July, outperforming the Hang Seng China Enterprises Index after lagging it for most of the year. Solar stocks Xinjiang Daqo New Energy Co. and Tongwei Co. have advanced at least 19% this month. Liuzhou Iron & Steel Co Ltd. has surged more than 50% while Angang Steel Co. has gained about 16%. Glass, cement and chemicals shares have also jumped. It's still early stages but if the reforms pan out, 'there'll be consolidation in China and there'll be slightly better pricing and margins, and there'll be better valuation,' said Wendy Liu, head of China and Hong Kong equity strategist at JPMorgan. Sectors that are likely to benefit include autos, battery, solar, cement, steel, aluminum and chemicals, she said. To seasoned China watchers, the current rhetoric recalls the supply-side reforms of 2015-2018, when a government-led push to cut outdated capacity in sectors such as coal and steel helped drive up prices in the following years. This time, however, key differences may limit the campaign's effectiveness. A decade ago, oversupply was mostly concentrated in upstream and construction-related sectors. It's become more pervasive today, encompassing the most promising industries of solar, EV and battery to downstream consumer sectors such healthcare and food. That point is illustrated by the intensifying price war among technology giants listed in Hong Kong — China's private sector leaders. Shares in Meituan, Alibaba Group Holding Ltd. and Inc. have slumped more than 20% from their March highs as they jostle for delivery market expansion. 'This time the overcapacity is concentrated in industries mostly dominated by private firms, so the challenges are going to be greater than when SOEs ruled and could just buy up the private firms and shut them down,' said Li Shouqiang, a fund manager at Shenzhen JM Investment Management. Addressing the supply-demand imbalance will also require measures to reflate the economy by boosting consumption — a tall order the government has struggled to deliver on. 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Tom's Guide
19 hours ago
- Tom's Guide
Prime Day is over — but I'd shop this massive Walmart weekend sale from $3 on apparel, TVs, appliances and more
Amazon Prime Day deals are officially over. But Walmart's anti-Prime Day sale is still going strong! If you missed out on anything you wanted from Amazon, give Walmart's sale a look as many popular items are still discounted. Right now Walmart's sale has epic deals starting from $3. I'd start by snagging a Walmart Plus membership for 50% off to get free shipping on all your purchases. Walmart is also offering up to 50% off essentials like washcloths, teeth whiteners, protein powder and more. And you can get back to college apparel, school supplies and dorm decor from $3. My favorite Walmart deals are listed below. I also recommend checking out our Prime Day deals you can still get live blog for the best sales that have stuck around. Walmart Plus: was $98/year now $49/year @ WalmartFor returning/expired Walmart Plus members only, Walmart is taking 50% off its annual Walmart Plus membership. The discount comes right in time for this anti-Prime Day sale! Walmart apparel: deals from $3 @ WalmartWalmart is taking up to 50% off a range of apparel, shoes and accessories in its current sale. You can even score discounts on big-name brands like Levi's, Crocs, Reebok and more. Switch 2: check stock @ WalmartWalmart kicked off last week with a Switch 2 restock in which one of our own Tom's Guide staff members was able to score a console. While that restock has since sold out, it's worth keeping an eye on Walmart's Switch 2 stock situation. All the consoles can be seen via this link. Stock up on essentials: up to 30% offWalmart's sale is the best place to restock those cupboards. Right now you can save on everything from cleaning supplies to supplements, batteries and more. Patio and garden event: up to 50% off @ WalmartWalmart has launched a major savings event to help you refresh your garden. If you're looking to upgrade your garden, deck or patio for less, consider Walmart's outdoor living section your one-stop shop. The retail giant is currently offering unbeatable discounts of up to 50% on stylish and functional outdoor items, including string lights, fire pits, lounge chairs, garden beds and more. Back to College savings: up to 50% offWalmart's current sale has everything you need to head back to college. This section includes college-ready apparel, dorm decor and school supplies. Crocs sale: Crocs from $9 @ WalmartWe're huge Crocs fans at Tom's Guide and right now Walmart is knocking up to 50% off select men's, women's, and children's Crocs. The sale includes all-terrain clogs, slip-resistant clogs, sandals, and more. It's one of the biggest Crocs sales I've seen at Walmart all year. Lego sale: deals from $10 @ WalmartLet your child's imagination run wild with a new Lego playset. Walmart has various models on sale from $10. The sale includes Lego Star Wars, Lego Super Mario, and more. Lego sales are common, but Walmart's sale stands out for having a wide range of sets on sale. Grills and accessories: deals from $12 @ WalmartFrom Weber to Blackstone (and many notable brands in between), Walmart is having a huge sale on grills and outdoor cooking accessories with many deals under $100 mark. With barbecue season officially here, Walmart has tons of grill options to choose from — without breaking the bank! Shark and Ninja appliances: up to 40% off @ WalmartWalmart is offering up to 40% off select Shark and Ninja appliances. The sale includes air fryers, robot vacs, blow dryers, blenders and more. Smart TVs: deals from $88 @ WalmartWalmart has a massive sale on smart TVs. The sale includes TVs from brands like TCL, Hisense, JVC, and Walmart's own Onn brand. After discount, prices start as low as $88. Keep in mind that there are a few 1080p sets included in the sale. I recommend sticking with 4K resolution as the price difference isn't all that great. Need a cheap pair of wired on-ear headphones? These Sony 'phones will do the trick. 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The sale includes TVs from brands like TCL, Hisense, JVC, and Walmart's own Onn brand. After discount, prices start as low as $88. Keep in mind that there are a few 1080p sets included in the sale. I recommend sticking with 4K resolution as the price difference isn't all that great. This 65-inch display has every app you could possibly want as well as plenty of ports for games consoles and more. If you're not familiar with Onn, it's Walmart's in-house electronics brand. We like this TV because it uses the Roku platform as its OS and it's a great pick for shoppers on an extra tight budget. The TCL QM6K is the perfect deal for a display upgrade. It offers a VRR feature that can push the TV refresh rate to 288Hz and leverages Dolby Vision IQ for sophisticated HDR support. It's a great TV for gamers and comes in a wide range of sizes at incredible prices. We gave it an excellent 4-star rating in our TCL QM6K Mini-LED TV review. 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It also comes with seat cushions featuring an ergonomic design for extra comfort. Spend your leisure time lounging in comfort with this outdoor patio set that features one bench, two single sofas and a coffee table with a tempered tabletop. Made of a solid steel and rattan structure, the outdoor furniture is sturdy and durable. The spacious seating is covered with padded cushions that have removable and washable covers. Switch games/accessories sale: deals from $12 @ WalmartWalmart is offering big discounts on Switch games and accessories. The sale includes Mario and Zelda video games, controllers, gaming headsets and more. The Meta Quest 3S is already the best VR headset for the money, and now that it's just $249, the deal has just become all the sweeter. Expect the same performance as the pricier Quest 3, but with a smaller field of view and lower resolution. Other than that, expect to play a popular VR game right off the bat, and even more thanks to its 3-month Quest+ subscription. The Xbox Series S is limited to 1440p output, but still delivers fast loading, ray tracing, and high frame rates. It sports a GPU with up to 4 teraflops of output, 10GB of RAM, and a 512GB SSD for storage. (There's no disc drive).Price check: $329 @ Amazon The Ninja Creami has been making waves (scoops?) in the home cook world. We gave it 4 stars in our Ninja Creami review. We loved how easy it was to make delicious homemade ice cream. There's a huge range of recipe styles available, such as milkshake, froyo, and even gelato! And as if it couldn't get any better — the Creami is also easy to clean. Leave your spring cleaning to your digital assistant. The Shark Matrix Robot Vacuum features precision home mapping, powerful suction that makes it great for households with pets, and hands-free cleaning thanks to its Alexa/Google Assistant support. The 80V 21" is one of Greenworks' most popular mowers. 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Boston Globe
2 days ago
- Boston Globe
Hoping Bluesky shines, and the cesspool, X, sinks to the bottom
Under Musk's 'stewardship,' it has restored banned accounts, allowed blocked accounts to see the Tweets of those who blocked them, made links to news sites essentially useless, and has turned into a unmoderated free-for-all that benefits the worst of us. And speaking of worst, the worst thing of all happened Tuesday, when Grok, its AI chatbot and Musk's precious baby, shared a series of anti-Semitic posts and praised Adolf Hitler . I bring all of this up in a sports media column because the latest confirmation that is reprehensible coincided with Bluesky — a relatively new platform reminiscent of what Twitter was in its innocent beginnings — is prioritizing sports content to grow its platform, which currently has about 37 million participants. While announcing new notification settings this week, Bluesky used The Athletic — the once-independent sports platform that now doubles as The New York Times sports section — as the example of how the new notifications from preferred news sources work. Advertisement This confirms what Harry Packer , who heads Bluesky's sports efforts, told the website Awful Announcing in May. 'Sports is a top priority, to make that clear, I think it's probably the top priority for us, to be honest,' he said.'And our ambition there is simply to become the best place for real-time sports discussion.' Advertisement Building the sports connection is crucial, because there has been reluctance from many of the media members with the largest followings on X to give Bluesky a shake. While some prominent and socially conscious media members, among them ESPN's Mina Kimes and Bill Barnwell , and The Ringer's Howard Beck , have championed Bluesky and continue to use it frequently, the growth has come incrementally at best. More frustrating are those that gave it a shot initially, then reverted to X when the engagement — which I've found to be worthwhile and steady — wasn't what they were anticipating. It's too bad Twitter has been destroyed. It was a terrific reporting aide for journalists. It was fun. But those days are long gone. Grok confirming the site's Nazi underpinnings was the last straw for me. I'm done there and not going back. Hopefully, sooner rather than later, more sports folks will stop posting through it long enough to recognize the merits of the new place, where the skies are bluer and the worst of us haven't gotten in the door. Byers was a friend indeed Lyndon Byers was one of a kind. Grossfeld, Stan Globe Staff During his nine seasons with the Bruins, Lyndon Byers's fists of iron and gregarious personality made him a popular figure. That personality translated into a long second career in radio, where another characteristic — a heart of gold — became apparent even to those who did not know him personally. 'You told him that you were trying to raise money doing something somewhere, he would show up and he'd hang out for five hours with everybody and have a blast,'' said Greg Hill , WEEI's morning host, on Monday's program while paying homage to his friend Byers, who died July 4 at age 61. 'He might be late getting there, but he would have a great excuse. Nobody has a better excuse for missing work than LB.' Advertisement Hill and Byers worked together at rock radio station WAAF for 23 years, until Hill moved to WEEI in 2019 and Byers left the station. While Byers's second career was mostly sports-radio adjacent — he got his start on Glenn Ordway's 'The Big Show'' on WEEI, but was best known for his long 'AAF run — he still called in to Hill's current show from time to time. Co-host Courtney Cox captured the essence of Byers's personality and his ability to connect with just about anyone, noting that she did notknow him personally, but 'every time he called in, he made you feel like you've known him forever.' Hill said he had talked to Byers while his former co-host was in the hospital about a month ago. 'It's always a good lesson about making sure that you're always, when someone is not feeling great, that you're always checking in with that person because you just never, never know,' said Hill on Monday's show. 'He was a guy who was drafted in the second round by the Boston Bruins, and came here, and turned into more of a Bostonian than a lot of people who live here.' Ravech has hope for ESPN, MLB While chatting on a conference call Thursday regarding ESPN's Home Run Derby coverage (Monday, 8 p.m.), Karl Ravech reiterated what he told me in March: He remains hopeful that ESPN, which opted out of the final three years of its deal with Major League Baseball in February, will still have some sort of rights partnership with the league come next season. 'I went from reading about things that weren't happening [between MLB and ESPN] to reading about conversations that were going on,'' said Ravech, a Needham native. 'So that certainly would give me hope that there's a road or path to continuing the relationship. … I'm optimistic until I'm told not to be.' … Turns out the popularity of Caitlin Clark can even positively influence Boston sports radio decision-making. The 98.5 The Sports Hub has picked up Tuesday's WNBA matchup between the Connecticut Sun and Clark's Indiana Fever. Brendan Glasheen and Terrika Foster-Brasby will have the call, with tipoff set for 8 p.m. Advertisement Chad Finn can be reached at
