Altcoin Index Soars, SEC's Crypto Rules, Bitcoin's Milestone, Binance's Zero Tolerance and More: This Week in Crypto

This week in the crypto world was nothing short of eventful. The Altcoin Season Index hit a new high; the SEC Chairman made a bold statement about crypto regulations; Bitcoin broke the $80,000 mark; Binance reiterated its stance on sanctions violations; and two former Robinhood engineers faced insider trading charges.

Here’s a quick recap of these stories.

Altcoin Season Index Nears 50 as Crypto Fear and Greed Index Jumps

The Altcoin Season Index, which measures the performance of the top 100 coins relative to Bitcoin over the last 90 days, has been on a steady rise, reaching 48. This surge coincides with a rally in most altcoins, with NEAR Protocol, Tezos, Arbitrum, Uniswap, Ethena and Zcash all soaring by over 40% in the past week.

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SEC Chair Says Crypto Rules Are Coming ‘With or Without Legislation’

SEC Chairman Paul Atkins announced that the agency is committed to providing regulatory certainty to the cryptocurrency industry, irrespective of the fate of the CLARITY Act. Atkins expressed gratitude for the efforts of the government, Congress, investors, and innovators on the legislation, despite its failure to advance in a Senate procedural vote.

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