This week in the cryptocurrency sector witnessed a series of notable developments that are likely to continue influencing the industry. These developments spanned regulatory actions, ecosystem progress, and market analysis regarding future prospects.

For those who may have missed it, here is a summary of some of the most significant events in the crypto market this week.

One of the most prominent developments this week involved the appointment of Jay Clayton as President Trump's nominee for U.S. Attorney for the Southern District of New York (SDNY). This announcement came amidst Trump's efforts to promote friendlier crypto regulations. Following his selection in November, Clayton assumed the role of Acting Attorney General this week.

There were reports suggesting that Democratic leaders in the Senate might block Clayton's nomination. Trump's decision to place him in an interim position could allow Clayton to bypass the Senate confirmation process. Clayton, a legal expert, had initially initiated the ongoing legal proceedings between the Securities and Exchange Commission (SEC) and Ripple. Notably, Clayton filed the lawsuit on December 22, 2020, and resigned the following day, an event often referred to as a \"parting shot\" for the agency.

Another significant event in the crypto space this week pertained to Pi Network pioneers. According to BeInCrypto, the controversial project released its Mainnet Migration Roadmap; however, it did not meet expectations among pioneers due to the lack of crucial details. Specifically, several omissions caused concern, such as the failure to disclose how many Pioneers remained in the queue and the inability to display the network's daily migration capacity. The absence of these figures made it impossible for users to anticipate when their migration would take place.

Moreover, the opaque criteria for node rewards and the underestimation of actual migrated amounts in the UI's \"Transferable Balance\" raised concerns. Pi Network also lacks an audit or error-resolution process for users detecting discrepancies in their historical mining data, further intensifying worries. Some pioneers even challenged the project's foundational narrative, pointing out that Pi's claim of \"all tokens were minted at genesis\" contradicts six years of \"mining.\"

These issues could amplify the project's already contentious reputation. For instance, Bybit CEO Ben Zhou remarked that Pi Network poses more risks than meme coins, beyond allegations of being a scam.

According to CoinGecko data, the PI coin was trading at $0.6539 at the time of writing, having increased by a modest 1.1% over the past 24 hours.

An intriguing observation made by BeInCrypto indicated a noteworthy shift this cycle compared to previous ones post-halving. Historically, the Bitcoin price typically surged aggressively months after the Bitcoin halving. The post-halving phase usually exhibited robust upward momentum and parabolic price movements.

This pattern was primarily fueled by retail enthusiasm and speculative demand, which were most evident from 2012 to 2016 and 2016 to 2020.

However, the current cycle is unfolding differently. Instead of accelerating after the halving, the price increase began in October and December 2024, driven by Bitcoin ETF (exchange-traded funds) hype. This was followed by consolidation in January 2025 and a correction in late February.

In other crypto news this week, PancakeSwap announced the official date for its CAKE tokenomics on April 23. As reported by BeInCrypto, key modifications included the elimination of veCAKE, staking, and revenue sharing, with 5.3 million CAKE scheduled to be burned annually to control supply.

Nevertheless, controversy arose as Cakepie DAO opposed the removal of veCAKE. Several developers and community members believe that CAKE Tokenomics 3.0 will ultimately benefit the project long-term.

Simultaneously, others expressed strong objections on X (Twitter), criticizing the decision to remove veCAKE. Among them was Cakepie DAO, one of the largest veCAKE holders, who described the move as non-transparent and potentially harmful to projects based on that model.

In response to these criticisms, PancakeSwap implemented a $1.5 million CAKE compensation plan.

CoinGecko data indicates that Pancake’s CAKE was trading at $2.12 at the time of writing, representing an almost 10% increase in the last 24 hours.

Among the numerous events occurring this week in crypto, Zora Network announced plans to distribute 1 billion ZORA tokens (10% of the total supply) on April 23. These tokens were intended to reward early platform users across two snapshot periods.

Interestingly, the crypto airdrop occurred without an official checker or claim site, causing confusion. Users had to navigate to the contract address to verify their allocations.

Jesse Pollak, creator of the Base blockchain, spoke to BeInCrypto, stating that one need not understand crypto or the underlying infrastructure to post on Zora. He also highlighted the value of content coins, emphasizing their potential benefits for creators despite volatility.

In recent developments, the Zora token has been listed on the Coinbase exchange, marking a substantial step for the newly launched altcoin now accessible on the platform.

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