Dana Hou, responsible for Binance Labs' business strategy and operations, told Bloomberg that the department is currently making more active contact with cryptocurrency project founders. Despite this year's unfavorable regulatory environment, Binance Labs will continue to invest in more cryptocurrency projects, including those based in the United States. Binance's recent layoffs have not affected Binance Labs, and the team is still operating stably, Dana Hou said.Dana Hou said that Binance Labs and other venture capitalists are now more focused on supporting start-ups that already have actual products and revenue. In the past, projects would be hyped up simply because they received investment from venture capitalists, but hype is no longer as concerning in the cryptocurrency industry.