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What is Blockchain? Blockchain is a modern computer science technology that uses a system of calculations known as "Algorithms". What is an Algorithm? It's a set of well-organized steps followed from beginning to end to solve a problem or carry out a task. Blockchain works by collecting and distributing data across multiple "Nodes". A Node refers to a computer or device capable of storing data directly (in a decentralized manner), without the need for any central person or authority (Middlemen or Central Authority) to give commands or make decisions. This is what is called an "Open Distributed Ledger". Every transaction or activity carried out on the blockchain happens across all the computers connected to the system worldwide. There isn’t a single location (database) where the data is stored—instead, everything done on the blockchain uses cryptography (the science of encrypting and securing information). Blockchain is a system that distributes data across computers openly, and this is what is called the "Distributed Ledger System or Technology" (DLT), also known as "Open Distributed Ledger". In most cases, you don’t need permission, approval, or authorization from anyone before you start using the blockchain. You just have to meet the computer’s technical requirements, and once you do, you can use it from anywhere in the world. This is what is meant by "Permissionless", which many governments do not like. Blockchain is a data-sharing technology that operates directly over the internet and computers (a decentralized system or open distributed ledger). Decentralized here means no person or authority has control over the entire system. It’s an open system. In Blockchain, data is stored on countless computers globally—only God knows how many. If someone tries to destroy the data on the blockchain, they would need to attack all these computers from all over the world, which is practically impossible. Blockchain offers transparency, meaning fairness—whatever happens on one computer is exactly what happens on the others. Whatever you see, others see the same; there is no secrecy. Even the creators of a blockchain cannot hide anything. This is unlike a bank database, where you can only see what they allow you to see, and only they have access to the data. If hackers breach it, there’s nothing you can do except pray for protection. Blockchain is used in many fields: healthcare, security, politics (credible elections), commerce, creating receipts, and preserving important information permanently—like storing the Qur’an and other valuable texts that people fear might be corrupted or lost in the future. Discussions about decentralized blockchain technology began in the early 1990s and continued until around 1997. But in 2009, the world’s first blockchain was created—the Bitcoin Blockchain, developed by an anonymous person called Satoshi Nakamoto. Why did he hide his identity? Because blockchain technology is so powerful and full of deep insights, if governments had known who he was, they might have tried to eliminate him. Before doing that, they would have demanded he destroy what he created—but even he couldn’t do that. Now, even though no one knows what Satoshi Nakamoto looks like, governments are at war with cryptocurrency, while claiming not to oppose blockchain itself. They say this because blockchain carries many benefits—but in reality, they cannot stop it. Some believe Satoshi Nakamoto is not one person, but a group of engineers hiding behind the name. They believe these are Japanese developers who created Bitcoin. Countries that think Bitcoin could weaken their national currencies or expose their financial secrets are the ones opposing Bitcoin. But in truth, they often oppose both Bitcoin and blockchain together.

Bloomberg: Stablecoin legislation split, Democrats threaten to use unlimited debate to obstruct legislation A bipartisan bill in the U.S. Senate aimed at establishing a federal framework for stablecoins has shown major differences during the discussion, with some Democratic lawmakers threatening to use filibuster on the bill, demanding additional strengthening of consumer protection and anti-money laundering clauses. A Democratic senator pointed out that the new agreement is still "full of loopholes" in stipulating stablecoin issuance and bank reserve requirements, and if it is not amended, it will not be able to protect the rights of ordinary users. The disagreement has forced the postponement of the vote originally scheduled for this week, and the legislative prospects are becoming increasingly confusing. Market participants are worried that if it fails to pass the current Congress, the regulatory vacuum in the U.S. stablecoin ecosystem may continue, affecting the speed of industry development. (Bloomberg)

Goldman Sachs: The Fed is unlikely to cut interest rates because of weak "soft data" U.S. consumer and business surveys show an anxious economic mood, but underlying data do not yet point to a severe slowdown. Goldman Sachs economists wrote that the Fed is unlikely to ease policy based on "soft data" alone, especially because soft data has wrongly signaled a recession in the recent past, such as during the Fed's fight against inflation in 2022. The Fed "also wants to see evidence from the labor market and other hard data before cutting rates," the Goldman team wrote. The investment bank, like the rest of Wall Street, believes the Fed will keep interest rates unchanged in its rate decision on Wednesday. (Jinshi)

As the curtain fell on the first 100 days of Donald Trump’s presidency, Wall Street found itself navigating not just tweets and tariffs, but a reshaping of the market psyche. Investors had spent months pricing in “Trumponomics” – the promise of deregulation, tax cuts, and infrastructure spending. But now, with the early fanfare settling into policy trench warfare, the question arises: what’s next for the market? From Euphoria to Evaluation Trump’s election ignited a post-election rally, dubbed the “Trump Bump.” Investors rotated into sectors like financials, industrials, and small-caps, betting on growth and reflation. The S&P 500 soared over 5% in the first 100 days, a striking contrast to typical post-inauguration uncertainty. But underneath the rally lay a question mark: could policy execution keep up with market expectations? With the initial legislative hurdles – like the failure to repeal the Affordable Care Act – investors began shifting from hope to realism. The market started scrutinizing not just the promises, but the pathway. Policy-Driven Sectors on Watch 1. Financials: Deregulation talk boosted bank stocks early on. Repealing Dodd-Frank and easing capital requirements remain on the table, but implementation will be gradual. Markets may respond more to Fed actions than to policy at this point. 2. Infrastructure & Industrials: A trillion-dollar infrastructure plan was floated, but legislative clarity remains elusive. Until the funding model is defined, market enthusiasm may be capped. 3. Tech & Trade Tensions: Rising protectionist rhetoric, especially toward China, keeps tech on edge. While Trump’s nationalist stance appeals to some sectors, global supply chains are wary. Geopolitics and the Trump Effect Beyond economics, Trump’s foreign policy style – assertive and sometimes unpredictable – has added new risk premiums. North Korea, Syria, and NATO tensions added to volatility in Q1. Market reaction will hinge on whether this posture leads to negotiated strength or sustained uncertainty. Volatility: The Slumbering Giant Ironically, despite the noise, volatility has remained low. The VIX (often called the "fear gauge") suggests a market betting on stability. But history reminds us that complacency can be a prelude to correction. The Road Ahead: Markets Want Delivery For markets, the Trump presidency has become less about personality and more about delivery. Investors now want to see: Tax Reform: Real, concrete progress. Healthcare Clarity: Not just repeal, but replacement details. Fiscal Stimulus: Infrastructure spending with teeth. Regulatory Consistency: A shift from executive orders to legislated policy. Conclusion: From Rhetoric to Reality 100 days in, Trump’s presidency has been a test of market patience and perception. The next 100 days may be less about tweets and more about traction. For investors, the message is clear: the era of pricing in promises is over. It's time to see what Washington can actually deliver.

What is Blockchain? Blockchain is a cutting-edge technology in the field of computer science that uses a computational system called an "algorithm." An "algorithm" is a structured sequence of steps followed from the beginning to the end to solve a problem or carry out a task. Blockchain collects and distributes data across "nodes." A node refers to a computer or any device capable of storing data directly (decentralized) without any individual or group acting as an intermediary (middlemen or central authority) to issue commands or make decisions. This is known as an "open distributed ledger." All executed transactions are compiled across all computers connected to the system worldwide. There is no single storage location (database) where the data is kept. All activities on the blockchain rely on cryptography. Blockchain is a system that distributes data transparently across computers, which is why it is called a "Distributed Ledger System or Technology" (DLT) or "Open Distributed Ledger" in short. In most cases, blockchain does not require permission, authorization, approval, or anyone’s consent before you can use it. You only need to meet the computer’s requirements, and once you do, you can use it from anywhere in the world. This is called "permissionless," which is something governments dislike and oppose. Blockchain is a technology based on the concept of decentralized data distribution (a decentralized system or open distributed ledger) over the internet and computers. "Decentralized" here means direct—no institution or individuals have control over what happens on the blockchain because it is a decentralized system, an open distributed ledger. ~ In blockchain, data is stored on computers, and only God knows exactly how many there are. If someone wants to destroy the data on the blockchain, they would have to locate and destroy all these computers worldwide, which is impossible. Blockchain operates with "transparency," meaning fairness and openness. What is on one computer is the same as what is on another. What you see is exactly what others see—there is no concealment. Even the creators of the blockchain cannot hide anything within it. Unlike your bank’s database storage, where only what is shown to you is visible, and no one else has a copy of the data except the bank itself. If hackers breach it, only God can save the situation. Blockchain is used in healthcare, solving trust issues, ensuring credible political elections, commerce, generating receipts 🧾, and storing data permanently without fear of deletion—such as preserving the Qur'an and important books that people fear may be lost or corrupted in the future. Discussions about decentralized blockchain technology began in the early 1990s until around 1997. Then, in 2009, the first blockchain in the world was created—the Bitcoin blockchain. It was developed by an anonymous person known as "Satoshi Nakamoto." Why did he hide his identity? Because blockchain technology is extremely powerful and contains profound wisdom, if governments knew his identity, they would eliminate him before he could destroy the system—which he himself cannot do. Even now, without knowing Satoshi Nakamoto’s true identity, governments are fighting against cryptocurrency while claiming they are not against blockchain, because blockchain holds immense benefits. However, they say this because they have failed to stop blockchain technology. Some believe that the name Satoshi Nakamoto is a pseudonym used by a group of engineers who created Bitcoin, not just one individual. However, it is widely agreed that the name Satoshi Nakamoto is of Japanese origin. Countries that see Bitcoin as a threat to their currency’s value and a risk of exposing their secrets tend to oppose Bitcoin, but generally, they dislike both Bitcoin and blockchain as a whole.