The cryptocurrency market experienced significant developments this week. Binance, under the leadership of Co-CEO Richard Teng, reported that its gold perpetual trading volume now rivals that of major Asian commodity exchanges, highlighting the rapid growth of cryptocurrency trading in traditional assets. Meanwhile, Bitwise Chief Investment Officer Matt Hougan predicts that Bitcoin could reach $1 million by 2035 if it captures a larger share of the global store-of-value market, currently at about 6%. Macro investor Raoul Pal forecasts a transition of the banking system to Ethereum, emphasizing the resilience of the cryptocurrency. Additionally, large investors, known as 'whales,' have accumulated approximately 330 million DOGE tokens, worth $32.34 million, as easing geopolitical tensions boost market sentiment. Lastly, cryptocurrency billionaire Changpeng Zhao, also known as CZ, alleges that the Biden administration is targeting him as part of a broader 'war on crypto,' suggesting that the political landscape may impact future market dynamics.