Wu said that Binance Labs announced an investment in Hemi Labs, and the specific investment amount was not disclosed. Hemi is a modular blockchain network that aims to achieve better scalability, security, and interoperability by integrating Bitcoin and Ethereum. This round of financing will be used to accelerate the development of Hemi's decentralized applications, enhance the interoperability between Bitcoin and the Hemi Virtual Machine (hVM), and increase the speed of blockchain settlement. Hemi plans to release multiple updates including AI data anchoring and DeFi applications in the next 12 months.