Prominent cryptocurrency market analyst Colin Wu has published an article in which he discusses the perspective of IOSG Ventures founder Jinghu Lin on the current state of the digital currency and blockchain industry, as well as provides a forecast for the near future.

Lin expressed the view that the fate of Binance is approaching its conclusion, and many perceive this as a negative development due to the largest player in the cryptocurrency industry becoming subject to regulation. However, he believes this could be a positive signal, as it may reduce potential risks and facilitate the approval and launch of Bitcoin-based ETFs.

Lin also highlighted three key events expected in the coming months. These include the introduction of Bitcoin-based ETFs, actions by the Federal Reserve System (FRS) to adjust interest rates based on inflation trends, and the upcoming Bitcoin halving in the spring of 2024.

He also emphasized the active development of Layer2 infrastructure and innovations within the Ethereum ecosystem in the next 6 months, which, in his opinion, will contribute to industry recovery and the establishment of a stable bullish market.

Lin also touched on the topic of environmental innovations in Ethereum, noting that events such as L2Day, zkDay, and zk Accelerator have led to the emergence of new technologies and market directions. Various ZK and L2 protocols have demonstrated their strengths at different stages, and zkRollup-based products such as Risc0/Nil Foundation and Scroll/zkSync/Aztec have begun to compete and diversify the ecosystem.