分析人士称，新的 MiCA 制度将促使加密货币公司退出欧盟市场

The Pi Network price dived this week as the much-anticipated ecosystem event failed to excite its holders. Pi Coin (PI) dropped to $0.8115 on Thursday, March 15, down 47% from its highest point this week and 70% below its all-time high. Its market cap has plunged from a record $19 billion in February to $6.31 billion as of May 15. Pi dropped after the developers announced the launch of Pi Ventures, which will invest $100 million in startups. It will focus on areas like fintech, artificial intelligence, e-commerce, gaming, and other areas. This article explores four key catalysts that could boost Pi Network’s price in the near term. 1. From centralization to decentralization One potential catalyst is the migration from a centralized structure to a fully decentralized network. Pi Network currently operates as a “Semi-DAO,” where the core team retains significant decision-making power. The team controls billions of tokens, which poses a risk to the network if they decide to offload holdings onto the market. As shown below, the Pi Foundation holds over 70 billion tokens—yet little is known about the foundation or its members. Pi Network centralization | Source: PiScan A formal proposal to transition Pi Network into a fully decentralized blockchain would likely be welcomed by investors. 2. Pi Network token burns Another potential catalyst lies in improving Pi’s tokenomics. Currently, the network is on track to release millions of new tokens into circulation each month over the next several years. Data shows that the total unlocks in the next 12 months will be 1.475 billion, or about 122 million a month. Token unlocks lead to more supply, which may hurt the price, especially when there is no demand. A possible solution would be to initiate token burns to counterbalance supply growth. For example, Vitalik Buterin famously burned Shiba Inu (SHIB) tokens worth over $6.7 billion in 2021, a move that positively impacted SHIB’s tokenomics and sentiment. You might also like:Here’s why Pi Network price dropped after the ecosystem fund news 3. Pi Coin exchange listings Despite its large user base, Pi Coin is currently listed on only a handful of exchanges, including OKX, Bitget, MEXC, and Gate. Major platforms like Binance, Coinbase, Upbit, and Kraken have yet to list it. The reasons remain unclear, though analysts have cited concerns over centralization. A major exchange listing would likely trigger a parabolic price move, as seen with tokens like Orca and Alpaca. Alpaca jumped by over 2,300% after it was listed on Binance, while Orca soared by 200% after its Upbit listing. 4. Ecosystem growth Another reason Pi Network’s price has struggled is its lack of real-world utility since the mainnet launch. While the ecosystem boasts over 100 mainnet-ready applications, few have gained mainstream traction. The launch of Pi Network Ventures is a positive step, but building widely adopted applications will require significantly more effort. History shows that ecosystem funds alone are not enough to ensure adoption. For example, Kadena, which launched a $100 million fund in 2022, has not gained market share in the industry. Similarly, Velas token has crashed, giving it a market cap of $2.5 million despite launching a $100 million grants program.  Therefore, in addition to the fund, Pi Network will need to do more work to ensure that its apps are popular. You might also like:Pi Network drops 30% despite long-awaited ecosystem announcement

欧洲证券和市场管理局正在就加密服务提供商拟议的知识和能力标准征求公众反馈。 在 2 月 17 日的一份咨询文件中，ESMA 制定了新规则，要求加密服务提供商确保其员工具备适当的资格和培训，以便向公众提供有关加密资产的建议或信息。 通过此举，该监管机构旨在“确保提供建议和信息的员工具备最低水平的知识和能力”，以加强投资者保护措施，并在欧盟加密资产市场监管下增强加密市场的信任。 根据拟议的规则，加密货币公司必须确保其员工符合知识标准，顾问必须接受正规教育、具有监督经验，并通过评估才能提供建议。 提供一般信息的人员必须完成至少 80 小时的培训和六个月的监督经验，而顾问则需要三年的学位或同等经验。员工还必须接受年度能力评估和持续的专业发展，信息提供者的培训时间为 10 小时，顾问的培训时间为 20 小时。 此外，加密服务提供商还需要记录员工资格，定期评估培训效果，并确保自动化咨询服务符合这些标准。同时，没有所需资格的新员工最多只能在监督下工作四年。 你可能还喜欢：ESMA 在 MiCA 提案中将 MEV 视为潜在的市场滥用行为 鉴于“许多加密资产的波动性”、新资产的不断产生以及“市场参与者，尤其是散户投资者的有限知识”，监管机构认为知识渊博和称职的服务提供商是确保客户获得“适当水平的知识和能力”以及公司“以客户的最佳利益行事”的关键，该文件指出。 有兴趣的各方必须在 2025 年 4 月 22 日之前提交对拟议准则的反馈意见。ESMA 预计将在 2025 年第三季度完成规则，新要求预计将在以所有欧盟官方语言发布后 60 天生效。 这份咨询文件发布之际，加密货币公司正在寻求 MiCA 许可证，这标志着欧盟针对该行业的第一个全面监管框架。随着成员国实施该法规的要求，已有多家公司获得批准。 Last month, Singapore-based Crypto.com secured a MiCA license in Malta, just days after receiving provisional approval. On the same day, Bitpanda obtained its MiCA license from Germany’s Federal Financial Supervisory Authority. Read more:EU’s ESMA edges closer to crypto regulations with latest MiCA report; seeks public feedback

也门当地人已经转向去中心化金融，以应对美国实施的制裁，因为制裁切断了他们获得传统银行服务的渠道。 据区块链情报公司 TRM Labs 称，一些也门人越来越多地使用 DeFi 协议来发送和接收资金、管理汇款以及绕过当地金融服务的中断。 Over 63% of Yemen’s crypto-related web traffic is now tied to DeFi platforms, while global centralized exchanges account for just 18%, according to TRM’s data. The trend follows several rounds of US sanctions targeting the Houthis and Yemen’s financial infrastructure. Most recently, on April 17, the US Treasury sanctioned the International Bank of Yemen for allegedly facilitating financial transactions on behalf of the Houthis. As such, the broader Yemeni population, especially in Houthi-controlled areas, is increasingly turning to decentralized tools as banking institutions remain inoperable or unreliable.  Peer-to-peer crypto transactions are also being used for cross-border transfers and remittances. Although the volume of these transactions remains relatively low, they indicate growing adoption of decentralized infrastructure in the absence of formal alternatives.  You might also like:人工智能驱动的 DeFi 平台 Glider 融资 400 万美元，由 Andreessen Horowitz 领投 TRM Labs 写道，加密货币在也门的吸引力在于其“能够绕过当地金融服务的中断，从而提供一定程度的金融弹性”，并补充说，DeFi 使用率的上升表明人们对“允许用户无需中介即可进行交易的系统”的需求日益增长，尤其是在当地银行机构无法访问或不可靠的情况下。 由于独立的加密货币交易所很少，也门人也越来越多地转向当地的货币服务企业，这些企业现在除了提供传统服务外，还提供加密货币服务。 TRM Labs 追踪的也门一家加密货币交易所在 2024 年 1 月拜登政府将胡塞武装重新列为恐怖组织后，其交易活动激增了 270%。在唐纳德·特朗普当选并于 2025 年初被指定为外国恐怖组织后，该交易所的交易活动再次飙升了 223%。 TRM Labs 预计，随着国际制裁的加强，也门的加密货币采用率将继续上升，不仅针对胡塞武装，还针对其主要盟友伊朗。 These restrictions could push both civilians and sanctioned actors toward “growing adoption” of crypto, with usage likely to expand “in both scale and sophistication” as traditional financial options become increasingly limited, the blockchain intelligence firm concluded. Crypto as a lifeline asset 也门并非唯一一个在危机时期转向加密货币的国家。在整个东欧，乌克兰和俄罗斯等国家也见证了加密货币的采用激增，在持续的不稳定局势下，机构用户和散户都越来越依赖去中心化金融。 据 crypto.news 此前报道，2023 年至 2024 年间，乌克兰的大型机构 DeFi 交易量增长了 362%，而基层采用率也大幅上升，小额和大额零售转账量分别增长了 82.2% 和 92%。 在其他地方，阿根廷人已经转向使用 USDT 和 USDC 等稳定币来逃避失控的通货膨胀，2024 年 3 月通货膨胀率高达 276%。由于居民急于保护自己的工资免于快速贬值，当地交易所的交易活动激增，他们通常在每个月初将比索兑换成数字美元。 与此同时，在恶性通货膨胀和资本管制摧毁了经济的委内瑞拉，比特币被誉为“生命线”资产。 阅读更多：Exclusive with 1inch co-founder: Are DEX aggregators the future of DeFi?

比特币钱包 UniSat 推出了 Hexa，这是一种混合交易引擎，旨在提供无缝交易体验，同时保持自我保管。 2 月 19 日宣布的 Hexa 通过将去中心化交易所的自我托管与中心化交易所的用户体验相结合，致力于提供无缝、安全的交易体验。 用户可以在 Hexa 上交易的比特币 (BTC) 资产包括 BRC-20 代币、符文、Taproot 资产和原生稳定币。由于该平台与协议无关，因此它可以支持各种资产类型而不受任何限制。它还允许用户访问 UniSat 市场上排名前 100 的比特币资产。 https://twitter.com/unisat_wallet/status/1892011155998244894?s=46&t=nznXkss3debX8JIhNzHmzw 你可能还喜欢：Coinbase 扩大期货阵容，新增 Solana、Hedera、EURC-USDC 对 安全性和透明度是 Hexa 的两个主要特点。每笔交易都记录在区块链上，并且该平台在内存池中维护一个全面的订单簿以确保可验证性。此外，UniSat 的无权限访问允许不受限制的操作。 Hexa 建立在 Fractal Bitcoin 上，这是一种旨在优化交易性能的区块链基础设施。据 UniSat 称，这项技术将区块空间增加了 20 倍，并将确认时间缩短至 30 秒，显著提高了交易速度和效率。 Hexa 的推出是 UniSat 提高比特币资产可用性和流动性的更广泛计划的一部分。该公司还在为比特币主网开发 BRC-20 交换模块，该模块将于 2025 年完成，为用户提供更多交易选择。 为了扩大其生态系统，UniSat 一直在与其他钱包和服务进行集成。用户现在可以通过将 UniSat 连接到 Magic Eden、Phantom、OKX 和 Xverse 等平台来交易和登记比特币资产。此外，UniSat 与 MoonPay 的集成允许用户直接从 UniSat 用户界面购买比特币。 阅读更多：谷歌允许用户通过谷歌账户访问他们的比特币钱包

U.S. Treasury Secretary Scott Bessent appeared on CNBC’s “Squawk Box” on Monday morning, offering a wide-ranging update on trade negotiations, global capital flows, and the administration’s economic strategy amid intensifying tariff discussions with China. Bessent reiterated on CNBC that while various branches of the U.S. government remain in contact with Chinese officials, it is ultimately up to China to take steps toward a trade de-escalation. He said that while China sells “five times more to us than we sell to them,” Bessent emphasized that the current 125%–145% tariffs are “unsustainable.” As such, the imbalance gives China a greater incentive to seek compromise. While President Trump’s tough tariff stance has stirred debate among investors, Bessent noted that the U.S. is working with a standardized trade negotiation framework for other key countries. With 15 to 18 major trading relationships under review, Bessent said multiple Asian nations have already offered significant proposals to lower tariffs and non-tariff barriers. His comments appear to have at least stabilized markets with equities edging higher and Bitcoin (BTC) holding on to the $94,000 level. U.S. will remain the premier global investment hub Addressing concerns about the U.S. losing its edge as the premier global capital home, Bessent highlighted the administration’s commitment to tax certainty, deregulation, and fairer trade as key pillars of keeping the U.S. “the best place in the world for capital to arrive.” He contrasted this with Europe’s slower growth and heavy regulation, warning that Europe’s high tariffs on goods and services were damaging its competitiveness. This is evident in the Euro Stoxx 50 index delivering a 1.86% annualized return over the past 20 years compared to over 10% for the S&P 500 index. Bessent also predicted that the European Central Bank would soon cut rates to weaken the euro. Meanwhile, the U.S. remains committed to a strong dollar policy. Public comments the same as private When asked about market reactions to earlier comments regarding a possible “near-term de-escalation” in trade tensions, Bessent clarified that he had said nothing privately at a JPMorgan investor meeting that he hadn’t already shared publicly in interviews just days earlier. He noted that while markets temporarily rallied following the meeting, the moves were likely based on misinterpretation rather than new information. Bessent stressed that the broader U.S.-China economic relationship remains complicated, but he believes that structural realities will ultimately force change. China’s economic model is heavily reliant on subsidized exports to the U.S. which is no longer sustainable in today’s environment of heightened tariffs and growing scrutiny. “We believe what is unsustainable will not be sustained,” Bessent stated.