The modes are quite different from each other, too, but giving your whole team hexproof, while maybe slightly over the top as most spells only target a single creature, is a good bit better than just giving hexproof to one of them
All the same reasons as to why Negate is very strong despite not hitting creatures also applies to Spell Pierce
Wildcards are instrumental for building competitive decks quickly, as such decks frequently contain many Rare and Mythic Rare cards that would otherwise take a long time to acquire via packs
This has a tonne of utility in all phases of the game
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A similar change was also applied to Extinction Event and Lavabrink Venturer