Last week in the news
Despite the federal government “shutdown” delaying key economic data, equity investors pushed markets higher, seemingly focusing more on earnings and tech optimism than macro news. The S&P 500 reached the new all-time highest level at 6.750, despite some pullback on week-end. The government shutdown increased demand for both real and alternative safe-haven assets, in which sense gold reached new highest levels at $3.894, while the price of BTC was also pushed toward levels above the $123K. The US Treasury yields are waging a potential Fed rate cut in October, closing the week at 4,11%.
The most important macro indicators, NFP and Unemployment data for September have not been posted during the week, due to the US government “shutdown”. The event was triggered by Congress’s failure to pass a funding bill. Over 800,000 workers were left unpaid, and many agencies scaled back operations. With no agreement so far, the shutdown continues and there’s currently no announced date for when Congress will pass the funding bill.
The value of Palantir fell around 7,5% during the previous week after an internal U.S. Army memo flagged “fundamental security” flaws in a battlefield communications system. The memo states the system lacks proper access controls, logging, and verification of software integrity, and that third-party applications integrated into it carry severe vulnerabilities. Palantir disputed the claims, saying the issues were addressed and that no vulnerabilities were found in its core platform; they argued the memo reflected an outdated snapshot of the project.
Goldman Sachs CEO David Solomon, speaking at Italian Tech Week in Turin, Italy, warned that a market pullback is likely ahead, probably within the period of next two years. He noted that current valuations appear stretched and urged investors to prepare for increased volatility. Despite the recent rally in equities, Solomon expressed doubts about its long-term sustainability. His comments reflect broader concerns about overheated markets and rising downside risks.
Quantum computing is becoming a key focus for investors as companies like Rigetti Computing and D-Wave gain attention for their advances in quantum hardware and algorithms. The technology promises transformative potential across sectors—from finance to materials science—and is seen as a frontier for long-term growth. Investors are closely watching which firms will emerge as leaders in the race to build scalable, fault-tolerant quantum systems. As the hype evolves into practical breakthroughs, market sentiment could shift rapidly around these quantum names.
Robinhood has begun listing Strategy’s Bitcoin-backed preferred shares, including STRC, opening up new structured yield products for retail investors. These instruments aim to offer monthly dividends with varying risk profiles, bridging traditional finance and crypto investment.
Walmart-backed fintech OnePay plans to let users buy, hold, and convert Bitcoin and Ether in its finance app by year-end. The crypto features will be powered by infrastructure from Zerohash, aligning OnePay with platforms like Venmo, Cash App, and PayPal.
CRYPTO MARKET
The crypto market saw strong momentum last week, shaped by weaker private-sector jobs data and ongoing political uncertainty from the U.S. government shutdown, both of which fueled appetite for risk assets. Analysts noted that recent gains across digital assets appear to be driven by genuine institutional inflows and long-term holder accumulation, rather than speculative leverage. Overall, crypto markets reflected increased confidence in the sector's resilience during uncertain macroeconomic conditions. Total crypto market capitalization was increased by 10% for the week, adding total $373B to its market cap. Daily trading volumes increased during the week to the level of $350B on a daily basis, from $320B traded a week before. Total crypto market capitalization increase from the beginning of this year currently stands at +27%, with a total funds inflow of $870B.
Major coins surged strongly during the week, however, the absolute winner of the week was ZCash. This coin surged by an incredible 200% in one moment, however, ending the week with an increased price of 156% w/w. Such a strong demand for this coin was impacted by a launch of a ZCash Trust for accredited investors by Grayscale fund, framing ZEC as a privacy-focused Bitcoin analog. The rising demand for privacy in the face of surveillance and CBDC discussions pushed renewed attention to ZCash's zero-knowledge proof technology. Back to majors - BTC and ETH performed extremely well during the week, where both had a surge of more than 11%. BTC attracted $246B of fresh funds flow, while ETH gained $54B. Solana managed to add 12% to its value, while BNB gained 17.8% w/w. DASH was another coin with great performance of +43% during the week. Almost all altcoins mark a green week.
Considering circulating coins, Solana, Stellar and Filecoins increased the number of their coins on the market by 0,3% each, during the week. Algorand, XRP, DASH and DOGE increased their coins by 0,1% w/w.
Crypto futures market
The crypto futures market advanced strongly over the week, as both BTC and ETH futures posted consistent gains across the curve. Sentiment among traders turned more constructive, supported by renewed demand for longer-dated contracts.
BTC futures rose between 11,6% and 12,63% w/w, with the sharpest gains concentrated in the near-term maturities. Contracts maturing in October 2025 led the advance, closing at $123.635. Prices followed a steadily upward trajectory along the curve, reaching $134.470 for March 2027. This marked the highest level ever recorded for BTC futures, underscoring the growing confidence in longer-term instruments.
ETH futures also posted broad-based increases, rising between 11,95% and 12,26% across maturities. October 2025 closed the week at $4.553, while March 2027 settled at $5.054. Despite the solid performance, ETH futures did not reach new highs, with the peak of $5.347 still standing from August this year. The curve nonetheless retained its upward slope, pointing to sustained expectations of gradual recovery.
Despite the federal government “shutdown” delaying key economic data, equity investors pushed markets higher, seemingly focusing more on earnings and tech optimism than macro news. The S&P 500 reached the new all-time highest level at 6.750, despite some pullback on week-end. The government shutdown increased demand for both real and alternative safe-haven assets, in which sense gold reached new highest levels at $3.894, while the price of BTC was also pushed toward levels above the $123K. The US Treasury yields are waging a potential Fed rate cut in October, closing the week at 4,11%.
The most important macro indicators, NFP and Unemployment data for September have not been posted during the week, due to the US government “shutdown”. The event was triggered by Congress’s failure to pass a funding bill. Over 800,000 workers were left unpaid, and many agencies scaled back operations. With no agreement so far, the shutdown continues and there’s currently no announced date for when Congress will pass the funding bill.
The value of Palantir fell around 7,5% during the previous week after an internal U.S. Army memo flagged “fundamental security” flaws in a battlefield communications system. The memo states the system lacks proper access controls, logging, and verification of software integrity, and that third-party applications integrated into it carry severe vulnerabilities. Palantir disputed the claims, saying the issues were addressed and that no vulnerabilities were found in its core platform; they argued the memo reflected an outdated snapshot of the project.
Goldman Sachs CEO David Solomon, speaking at Italian Tech Week in Turin, Italy, warned that a market pullback is likely ahead, probably within the period of next two years. He noted that current valuations appear stretched and urged investors to prepare for increased volatility. Despite the recent rally in equities, Solomon expressed doubts about its long-term sustainability. His comments reflect broader concerns about overheated markets and rising downside risks.
Quantum computing is becoming a key focus for investors as companies like Rigetti Computing and D-Wave gain attention for their advances in quantum hardware and algorithms. The technology promises transformative potential across sectors—from finance to materials science—and is seen as a frontier for long-term growth. Investors are closely watching which firms will emerge as leaders in the race to build scalable, fault-tolerant quantum systems. As the hype evolves into practical breakthroughs, market sentiment could shift rapidly around these quantum names.
Robinhood has begun listing Strategy’s Bitcoin-backed preferred shares, including STRC, opening up new structured yield products for retail investors. These instruments aim to offer monthly dividends with varying risk profiles, bridging traditional finance and crypto investment.
Walmart-backed fintech OnePay plans to let users buy, hold, and convert Bitcoin and Ether in its finance app by year-end. The crypto features will be powered by infrastructure from Zerohash, aligning OnePay with platforms like Venmo, Cash App, and PayPal.
CRYPTO MARKET
The crypto market saw strong momentum last week, shaped by weaker private-sector jobs data and ongoing political uncertainty from the U.S. government shutdown, both of which fueled appetite for risk assets. Analysts noted that recent gains across digital assets appear to be driven by genuine institutional inflows and long-term holder accumulation, rather than speculative leverage. Overall, crypto markets reflected increased confidence in the sector's resilience during uncertain macroeconomic conditions. Total crypto market capitalization was increased by 10% for the week, adding total $373B to its market cap. Daily trading volumes increased during the week to the level of $350B on a daily basis, from $320B traded a week before. Total crypto market capitalization increase from the beginning of this year currently stands at +27%, with a total funds inflow of $870B.
Major coins surged strongly during the week, however, the absolute winner of the week was ZCash. This coin surged by an incredible 200% in one moment, however, ending the week with an increased price of 156% w/w. Such a strong demand for this coin was impacted by a launch of a ZCash Trust for accredited investors by Grayscale fund, framing ZEC as a privacy-focused Bitcoin analog. The rising demand for privacy in the face of surveillance and CBDC discussions pushed renewed attention to ZCash's zero-knowledge proof technology. Back to majors - BTC and ETH performed extremely well during the week, where both had a surge of more than 11%. BTC attracted $246B of fresh funds flow, while ETH gained $54B. Solana managed to add 12% to its value, while BNB gained 17.8% w/w. DASH was another coin with great performance of +43% during the week. Almost all altcoins mark a green week.
Considering circulating coins, Solana, Stellar and Filecoins increased the number of their coins on the market by 0,3% each, during the week. Algorand, XRP, DASH and DOGE increased their coins by 0,1% w/w.
Crypto futures market
The crypto futures market advanced strongly over the week, as both BTC and ETH futures posted consistent gains across the curve. Sentiment among traders turned more constructive, supported by renewed demand for longer-dated contracts.
BTC futures rose between 11,6% and 12,63% w/w, with the sharpest gains concentrated in the near-term maturities. Contracts maturing in October 2025 led the advance, closing at $123.635. Prices followed a steadily upward trajectory along the curve, reaching $134.470 for March 2027. This marked the highest level ever recorded for BTC futures, underscoring the growing confidence in longer-term instruments.
ETH futures also posted broad-based increases, rising between 11,95% and 12,26% across maturities. October 2025 closed the week at $4.553, while March 2027 settled at $5.054. Despite the solid performance, ETH futures did not reach new highs, with the peak of $5.347 still standing from August this year. The curve nonetheless retained its upward slope, pointing to sustained expectations of gradual recovery.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.