EIA Refined Oil Inventory in the U.S. for the Week Ending August 8

This article comes from: Cointelgraph & Decrypt, original author: Ana Paula Pereira & Sander Lutz Odaily Planet Daily Translator | Moni 40 trading days after the listing of the spot Bitcoin ETF, Nasdaq-listed BlackRock IBIT ushered in an important milestone. The number of Bitcoins it holds has exceeded that of Michael Saylor's listed company MicroStrategy. Number of Bitcoin holdings. Data shows that as of March 8, IBIT held a total of approximately 195,985 BTC (as shown below), with a market value of more than $13.579 billion, while MicroStrategy’s Bitcoin holdings were approximately 193,

#PI#The Pi network unlocks direct fiat purchases: will mass adoption and price rise be next? The Pi Network has just released a monumental update that could radically change the way users acquire Pi Coin. The new "Buy" feature now allows users to purchase Pi directly through the Pi wallet, using traditional fiat money and credit cards. This significant integration aims to simplify access and promote Pi towards mass adoption. What does this development mean for the future utility and potential price of Pi Coin? 💳 Buy Pi directly: integration with fiat money has been launched! 🌐 In a revolutionary step for its ecosystem, the Pi network has released a long-awaited update that introduces a direct "Buy" function in the Pi wallet. This new functionality allows users to purchase Pi Coin using familiar fiat currencies and common payment methods, including credit cards, debit cards, and even Google Pay. Supported by well-known providers like Banxa and Onramper, this feature is being gradually rolled out for users, promising secure and regulated transactions. This integration is an important step towards simplifying access to Pi, eliminating the need for complex interactions with traditional crypto exchanges and opening doors to a much broader audience. Simplification for mass adoption: bridging crypto and fiat 🌉 The Pi network's ambition for mass adoption has taken a giant leap forward with this update. By allowing direct purchases of Pi with fiat money, the network aims to bridge the gap between the world of cryptocurrencies and traditional finance. The goal is to make acquiring and using Pi as simple and intuitive as any regular financial application. This strategy is aimed at lowering the barrier for new users who may be unfamiliar with the intricacies of trading cryptocurrencies, making Pi more accessible and integrated into everyday financial operations. This step aligns with the Pi network's vision of creating a truly inclusive and user-friendly cryptocurrency. 🚀 Rise of the ecosystem: Support for the value of Pi Coin 📈 The launch of the direct purchase function for fiat money is not an isolated event but part of a broader series of changes in the Pi network ecosystem. This includes the continuous rise of the Pi App Studio, fostering utility and development within the network, as well as the release of updates such as Pi Node v0.5.3, which enhance the stability and performance of the network. These developments collectively contribute to increasing investor confidence and are already reflected in the rise of Pi Coin's price and market capitalization. By simplifying acquisition and strengthening its fundamental infrastructure, the Pi network is laying the groundwork for increased utility, adoption, and, potentially, significant appreciation in the value of Pi Coin. Conclusion The introduction of direct fiat purchases through the Pi wallet is a turning point in the Pi network's journey towards mass adoption. By simplifying the acquisition process for new users and bridging the gap between cryptocurrency and traditional finance, this feature significantly enhances the accessibility and utility of Pi Coin. Combined with ongoing improvements to the ecosystem, this development should boost investor confidence and advance the value of Pi Coin forward. This step could act as a catalyst for broader public engagement, solidifying the Pi network's position as a leading force in making cryptocurrency usage as commonplace as any other financial application.#Simple Earn APY Breaks 24%#+#Gate.io#

Recently, the European Commission passed important amendments to the "Regulation on Markets in Crypto Assets" (MiCA), a decision that will have a profound impact on the global Crypto Assets market. The amendments are set to take effect in June 2025, with the core content allowing compliant stablecoins from abroad to be directly exchanged with certified same-brand stablecoins within the EU, without the need for a complex intermediary conversion process. This initiative aims to enhance the EU's competitiveness in the global Crypto Assets sector, while also reflecting the EU's open attitude towards the cryptocurrency market. However, the new regulations also set strict entry barriers, requiring stablecoin issuers to undergo rigorous Compliance checks, including reserve audits and anti-money laundering reviews. This may pose challenges for small and medium-sized issuers, and could even lead to some participants being excluded from the market. It is worth noting that the new regulations have entered the implementation phase in member states, and the transition period has been extended to March 2026. During this period, relevant institutions only need to obtain MiCA authorization to carry out stablecoin transfer services, which provides ample adaptation time for market participants. This policy change is expected to reshape the landscape of the European Crypto Assets market, promote cross-border capital flows, and enhance trading efficiency. However, it may also exacerbate market concentration, giving larger stablecoin issuers more advantages. For investors and market participants, this presents both opportunities and challenges, and it is essential to closely monitor the variables that may arise during the implementation of the policy. As the global regulatory environment for crypto assets continues to evolve, the EU's move undoubtedly provides an important reference for other countries and regions. In the future, we may see more regions following this practice, further promoting the integration and development of the global crypto assets market.