SorooshX Weekly Update (September 28 to October 5, 2025)

Key Economic Highlights (Sept 28 – Oct 5, 2025)

  1. Layoffs Decline, But Hiring Remains Weak

    • U.S. job cuts fell in September, yet year-to-date hiring plans dropped to the lowest level in 16 years, signaling employers’ caution amid slowing growth.

    • Companies have largely held back on new hiring, reflecting broader uncertainty about consumer demand and policy direction.

  2. U.S. Services Sector Stalls

    • The ISM Services PMI for September came in at 50.0, marking a stall between expansion and contraction.

    • Business activity dropped to 49.9, and the employment index plunged to 47.2 — pointing to cooling labor demand in the services sector.

    • New orders also softened, fueling fears that the U.S. economy may enter a slower growth phase in Q4 2025.

  3. Data Delays from U.S. Government Shutdown Threat

    • The partial government shutdown caused delays in key macroeconomic releases, including the monthly jobs report and unemployment claims.

    • Economists called this a “data blackout,” making it harder to forecast the Fed’s next moves.

  4. Consumer Confidence Weakens Again

    • U.S. consumer confidence fell to its lowest since April 2025 as job availability concerns and inflation fears persisted.

    • Both “current conditions” and “expectations” indexes declined, signaling a deterioration in household sentiment.

  5. Economic Forecasts Point to Slower Momentum

    • Updated economic forecasts suggested inflation may hover around 2.9% through 2025 and potentially rise again in 2026.

    • Consumer spending growth and housing activity are expected to moderate as higher borrowing costs continue to weigh on demand.

Key Crypto & Digital Asset Highlights (Sept 28 – Oct 5, 2025)

  1. Blockchain Network Revenues Drop 16% in September

    • Blockchain networks collectively saw a 16% decline in total revenue compared to August.

    • Ethereum’s network income fell about 6%, Solana’s by 11%, and Tron’s even more sharply — largely due to lower gas fees and subdued transaction activity.

  2. Crypto Hacks Fall, But Large-Scale Attacks Surge

    • Total crypto losses from hacks in September were about $127 million, a 22% decrease month-on-month.

    • However, the number of million-dollar-plus exploits rose, showing that while smaller attacks have declined, large incidents are becoming more concentrated and sophisticated.

  3. Bitcoin Mining Output Rises

    • Mining company Marathon Digital (MARA) reported producing 736 BTC in September, up 4% from August, after mining 218 blocks.

    • The firm’s total Bitcoin holdings reached roughly 52,850 BTC, reflecting strong operational resilience despite network difficulty increases.

  4. Institutional Reports Emphasize Mixed Market Trends

    • Reports from leading asset managers noted that, while September was typically a weak month for crypto, major coins like Bitcoin and Ethereum showed relative resilience.

    • Nevertheless, overall trading volume and DeFi activity remained subdued, signaling a cautious investor mood.

Outlook for Next Week (Oct 6 – Oct 12, 2025)

The upcoming week is set to revolve around key economic data releases and market catalysts across both traditional and crypto markets:

Focus Area

What to Watch

Potential Market Impact

U.S. Jobs Data (Delayed)

Rescheduled September NFP & unemployment report

Strong job gains could limit further Fed cuts; weak data could accelerate easing

Fed Commentary & Minutes

FOMC meeting minutes and public remarks by Fed officials

Tone shift toward caution may boost risk assets; hawkish remarks could hit markets

Inflation & Spending

PCE and CPI updates if released

Any upside surprise could reignite inflation fears

Crypto Market Activity

Network usage, gas fees, and DeFi volumes

Recovery signs would support altcoins; continued weakness risks further downside

Security & Regulatory Risks

Ongoing Senate crypto hearings and exploit reports

Policy clarity could help confidence; new restrictions might weigh on sentiment


Overall Market View

Markets are expected to remain range-bound but fragile as investors await data clarity after recent shutdown delays.
Crypto sentiment remains mixed — improved security metrics are offset by weaker network revenues and muted liquidity.
A rebound could emerge if macro data supports rate-cut optimism and Bitcoin holds key support around the $108,000–$110,000 range.

Summary

Last week reflected a “pause and wait” tone across both macro and digital-asset markets.

  • Economic data pointed to a plateau in growth and softening labor conditions.

  • Crypto markets faced declining income and trading activity but avoided a major sell-off.

  • The next week’s data flow and Fed tone will likely set the short-term trajectory for both sectors.

SorooshX Updates

We are excited to announce the listing of trending trading pairs on our platform (Spot and Futures) during the last week:

  • Spot: Falcon Finance (FF), Toshi (TOSHI), OpenEden (EDEN), zkVerify (VFY), DoubleZero (2Z), PoP Planet (P).
  • Futures: STBLUSDT, 2ZUSDT.

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