This week in crypto: Why VC investment in crypto is far from dead, why Web3 in Asia is growing, why ByBit is leaving the UK, and more.

Bitcoin mining efficiency, a pivot to using renewable energy and the debut of the Antminer S21 was the primary focus of Bitmain's WDMS event in Hong Kong.

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After FTX's bankruptcy, Coinbase explored acquiring the failed company's European unit amid interest to grow derivatives offerings.

Venture capital investors appears to be planning a portfolio rebalancing for 2024 and are positioning themselves to gain exposure to digital assets.

Crypto exchange Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022.

Conferences held in Asia during September saw higher attendance, and the sentiment regarding the future of digital assets was optimistic.

Google Cloud launched its public datasets for Bitcoin and Ethereum in 2018, and has now expanded to 19 networks total.

Latinos in the U.S. are on track to accumulate $113 trillion in wealth by 2050, according to a report from Finhabits. In the past decade, Latino wealth in the U.S. has seen a growth rate exceeding 12%, amounting to approximately $4.24 trillion, according to the report. "The collective growth of the Latino market is huge," Finhabits Founder & CEO Carlos Garcia tells Yahoo Finance, but "you have to adjust, as a financial institution, you have to adjust the way you engage with that population." Garcia believes, in the future, Latinos will account for a significant portion of the high-net-worth individuals in the country thanks to their contributions, ranging from family-owned businesses to homeownership. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

UnionBank of Philippines gains regulatory approval for crypto asset business

Documents have revealed Coinbase's plans to acquire FTX Europe as it seeks to expand its offering to include derivatives.

Online grocery delivery startup Instacart’s founder Apoorva Mehta is now a billionaire after selling 700,000 shares of the company

Bitmain, a leading manufacturer of crypto mining rigs, has announced a substantial investment of $53.9 million in Core Scientific.

Food delivery company Foodpanda is conducting another round of employee layoffs as it strives for increased efficiency and adaptability

Cainiao Network Technology is set to reportedly file for its Hong Kong IPO by next week, making it one of Alibaba’s first units to go public.

European crypto asset manager CoinShares is launching a hedge fund division in the United States, citing growing demand for crypto investment solutions.

The drop in the market capitalization of the stablecoin sector could significantly influence the broader cryptocurrency market.

According to the analytics firm users affected by the incident had their email addresses exposed, and some had their password hashes and blockchain addresses revealed.

The FTX entity owns a key regulatory license in the European market.

Talent Agent Oren Rosenbaum fueled podcasting’s multibillion dollar boom. Now he must navigate its acrimonious deflation.

McDonald’s Corp. is bumping up the fees it charges US and Canada franchisees to operate some restaurants.

The two crypto mining focused companies have also agreed to work together to upgrade Bitmain’s last-generation miners hosted at Core Scientific’s data centres to increase the firm's productivity further.

The lawsuit alleges that the withdrawal of funds by the Defense prior to the FTX bankruptcy filing on Nov. 11 was done with “intent to hinder, delay or defraud” present or future debtors of FTX.US.

Investors like Silver Point Capital, Diameter Capital Partners and Attestor Capital have reportedly purchased more than $250 million worth of FTX debts so far in 2023.

Crypto analytics platform Nansen said one of its third-party vendors was compromised, leading to the loss of emails and other data.

Chinese banks and businesses want to step up their use of digital yuan smart contracts, as the financial and industrial sectors eye CBDC progress.

Bitmain announced the investment today alongside a new hosting agreement with Texas-based Core Scientific.

Blockchain.com cofounder and CEO Peter Smith doesn’t see crypto credit markets making a comeback any time soon.

Binance holdings and its CEO Changpeng Zhao have filed a petition seeking to have the lawsuit made against them by the US Securities and Exchange Commission (SEC) dismissed.

A U.S. Court of Appeals court denied former FTX CEO Sam Bankman-Fried’s appeal to be released from jail ahead of his trial.

Microsoft announced its AI-powered Copilot that merges interfaces on Windows with language models.

A British barrister, a professor at the University of Michigan and others will not be testifying at former FTX CEO Sam Bankman-Fried’s trial.

Following an announcement in which Northern Data said it had reached an agreement with Tether to acquire Damoon, the stablecoin issuer said it had invested an undisclosed amount.

Cisco (CSCO) is buying cybersecurity firm Splunk (SPLK) in a deal valued at around $28 billion. Cisco says the deal will "accelerate" the company's "business transformation" to becoming one with more recurring revenue.  Cisco aims to venture further into the AI market through the deal. According to CFO Scott Herren, "there's also an opportunity for us to build AI into our products and to enable our customers to leverage AI, and that's the real opportunity here," as Splunk's data source combined with Cisco's "security telemetry" presents a potential synergy. Yahoo Finance Executive Editor Brian Sozzi interviews Cisco's CFO, Scott Herren, to discuss the details of the Splunk deal, Cisco's objectives in acquiring the company, and their confidence in the acquisition being an excellent match. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Through the partnership, Tether and Northern Data Group will collaborate on AI, communication and data storage initiatives.

A Binance wallet spent 530 Ether, worth $843,797, in Ethereum gas fees within 24 hours.

Shares of Instacart are currently struggling to keep up with the rise recorded in the company's debut on the Nasdaq.

Tether has offered new loans in USDT to clients almost a year after it said it would stop offering secured loans in 2023.

In the latest development surrounding the cryptocurrency landscape, the US Securities and Exchange Commission (SEC) has ignited fresh concerns by seeking a mid-case appeal in its lawsuit against Ripple.