#11 Miesięczny przegląd wiadomości o kryptowalutach

Privacy Tokens Rally Amid Market Downturn and Tightening Regulations

Privacy tokens like Zcash have surged hundreds of percent since late summer, even as the broader crypto market has lost over $1 trillion in value and Bitcoin has dropped nearly 30% from its October highs.** Zcash's market cap rose from under $1 billion in August to over $7 billion by early November, briefly overtaking Monero as the largest privacy coin and topping Coinbase's search rankings. Analysts attribute the rally to a mix of technical factors—including declining issuance and protocol upgrades—and speculative dynamics in thin markets, though opinions are split on whether this represents a protest trade against surveillance or a fragile late-cycle spike in a high-risk sector.

Visa Expands Stablecoin Settlement to CEMEA Region Through Aquanow Partnership

Visa is significantly expanding its stablecoin settlement capabilities across Central and Eastern Europe, the Middle East, and Africa (CEMEA) through a new partnership with crypto infrastructure firm Aquanow. The collaboration will enable institutions to settle transactions using approved stablecoins like USDC, aiming to reduce costs, operational friction, and settlement times while providing 24/7 settlement capabilities. According to Godfrey Sullivan, Visa's head of product and solutions for CEMEA, this integration represents a key step in modernizing payment infrastructure by reducing reliance on traditional systems with multiple intermediaries.

Deutsche Börse Integrates Third Euro Stablecoin, Expanding Digital Asset Strategy

Deutsche Börse is integrating AllUnity’s EURAU stablecoin into its financial market infrastructure, marking its third euro-pegged stablecoin and signaling a broader push into digital assets. The move follows earlier partnerships with Circle’s EURC and Societe Generale-Forge’s EURCV, and aims to bridge traditional finance with digital assets. The integration will start with institutional custody via Clearstream and eventually span Deutsche Börse’s full service portfolio, aligning with the Markets in Crypto-Assets (MiCA) regulation.
The expansion reflects growing EU adoption of stablecoins, with Europe aiming to reduce reliance on US dollar-backed stablecoins and promote regulated digital finance. While stablecoin adoption remains limited in the region, initiatives like MiCA are paving the way for digitizing markets and improving settlement processes. Deutsche Börse’s efforts, alongside collaborations with traditional financial institutions, highlight the evolving role of stablecoins in European financial infrastructure.

Portfolio Diversification Becomes Top Driver for Crypto Investment in 2025

Portfolio diversification has emerged as the leading driver for crypto investment in 2025, according to Sygnum Bank’s Future Finance Report 2025. With 57% of respondents citing diversification as their primary motivation, it has surpassed the previous top driver, exposure to crypto’s long-term upside. Investors are increasingly viewing crypto, particularly Bitcoin, as a safe-haven asset and macro hedge amid inflation, geopolitical tensions, and declining trust in fiat currencies.  
The report also highlights growing demand for crypto ETFs, with over 150 applications pending in the U.S. and 70% of investors indicating they would increase exposure if staking is included in future products. However, regulatory uncertainty remains the top barrier to investment, despite notable progress in regulatory clarity across the U.S. and Europe.

Bitcoin Approaches 'Max Pain' Zone as ETF Outflows and Fed Uncertainty Intensify

Bitcoin is nearing its so-called "max pain" zone, with prices dropping toward $86,000, as the cost basis of major Bitcoin ETFs like BlackRock’s IBIT and MicroStrategy’s BTC treasury approaches critical levels. Analysts suggest that the $84,000 to $73,000 range could trigger significant market sentiment shifts, with ETF holders reevaluating redemptions as prices approach these thresholds. Recent outflows from IBIT, including a record $523 million in single-day withdrawals, highlight growing liquidity concerns.
The uncertainty surrounding the Federal Reserve’s December rate decision adds to the macroeconomic risk, with rate-cut expectations falling to 41.8%. If the Fed holds off on cuts, liquidity may remain constrained, potentially prolonging Bitcoin’s downward trend. However, stablecoin reserves on exchanges have hit a record $72 billion, mirroring patterns seen before major Bitcoin rallies. Analysts expect BTC to trade between $60,000 and $80,000 by year-end, pending clarity on macroeconomic conditions.

21Shares Expands Crypto ETP Offerings in Europe with Six New Listings

21Shares, a leading crypto ETF issuer managing $8 billion in assets, has expanded its product lineup in Europe by listing six new exchange-traded products (ETPs) on Nasdaq Stockholm. These include ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT), and two crypto basket products. This brings the total number of ETPs offered on Nasdaq Stockholm to 16, though 21Shares still has a smaller presence compared to other European exchanges like SIX Swiss Exchange and Euronext Amsterdam.
The expansion follows the recent launch of a Solana (SOL) ETF and comes amid a broader wave of new crypto ETFs entering the US market. While optimism around crypto ETFs is growing, Bitcoin ETFs have faced challenges recently, with significant outflows reported for BlackRock’s iShares Bitcoin ETF (IBIT). Despite this, 21Shares continues to see strong demand for its products, particularly from Nordic investors seeking diversified access to digital assets through regulated exchanges.

Euro Stablecoins Seen as Key to Countering Dollar Dominance in Europe

The European Central Bank (ECB) is growing increasingly concerned about the rising dominance of US dollar-backed stablecoins, which could undermine its ability to control monetary policy. ECB adviser Jürgen Schaaf warned that the increasing adoption of dollar-based stablecoins in Europe could weaken the central bank’s influence over monetary conditions, especially if users prefer dollar assets for safety or yield over euro-denominated instruments. With 99% of the $300 billion stablecoin market currently dollar-backed, the ECB fears that this trend could lead to systemic risks and force a reevaluation of monetary policy in the event of a stablecoin crisis.

KvaPay’s New Limit Order Feature

Amid growing discussion around the need for Euro stablecoins to challenge the US dollar's dominance in Europe's digital asset market, KvaPay recognizes the necessity of providing European users with sophisticated trading tools to manage their digital assets, including EUR-based stablecoin pairs. To directly address this need for greater control and strategic execution, our company has launched a powerful new Limit Order feature on our exchange platform. This new tool empowers users to take strategic control of their trades by defining a precise limit price for their desired crypto transactions—whether buying or selling. Users can select the currency they wish to exchange (e.g., EUR for BTC) and specify a limit price; once the target cryptocurrency reaches the specified value, the conversion automatically executes. This feature allows our community to capitalize on market movements and manage volatility without constant monitoring, providing the necessary precision and control required for effective trading in the European market.
You can start setting up your limit orders today at app.kvapay.com/exchange?tab=LIMIT&source=EUR&destination=BTC&amount=1.