According to @alice_und_bob, HIC, one of the most active venture capital funds in the Polkadot ecosystem, has supported projects like Mythical and peaq, and is currently building its second Polkadot-focused fund to accelerate new decentralized application launches. HIC is also advancing work on ETFs and institutional stablecoin issuance in Hong Kong, highlighting Mandala as a potential major project. The analysis notes that the JAM token's valuation has not yet reflected these developments, presenting a significant trading opportunity for crypto market participants. Source: @alice_und_bob.

According to Eric Balchunas, at TOKEN2049, Binance founder CZ delivered impactful remarks that impressed attendees, including Jan Van Eck. Market participants highlighted CZ's confidence and clarity regarding regulatory adaptation and market expansion, which could influence short-term trading sentiment around Binance Coin (BNB) and related tokens. The presence of Jan Van Eck, a leading ETF provider, added weight to speculation about institutional interest and potential ETF developments, as referenced by Balchunas (source: Eric Balchunas, Twitter, May 5, 2025). Traders are advised to monitor BNB price action and newsflow related to exchange tokens and ETF activity following the event.