Ethereum co-founder Vitalik Buterin stated on Sept. 12 that he will no longer consider a network a “layer 2” if it has not reached “Stage 1” by the end of the year. “The era of rollups being glorified multisigs is coming to an end,” he stated, adding that “the era of cryptographic trust is upon us.”…

Two Republican lawmakers are demanding United States Securities and Exchange Commission Chair Gary Gensler answer questions about the classification of crypto airdrops by the end of the month. Representative Tom Emmer and House Financial Services Committee Chairman Patrick McHenry said in a Sept. 17 letter to Gensler that they’re concerned after the SEC made “assertions about airdrops” in various…

Singapore’s DBS Bank will launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. On Sept. 17, the bank announced that it would offer financial products linked to the price of Bitcoin and Ether, the two biggest digital assets by market cap. DBS said that starting in the fourth quarter of 2024, clients…

Velar has launched the world’s first Bitcoin perpetual swaps decentralized exchange (DEX) in beta, attempting to create more utility around the world’s first cryptocurrency. The new Velar Artha perpetual swaps DEX launched on BOB (Build on Bitcoin) on Sept. 16, according to an announcement shared with Cointelegraph. The milestone launch could unlock newfound Bitcoin liquidity for the ecosystem,…

Ethereum co-founder Vitalik Buterin spoke at Ethereum Singapore 2024 on Sept. 16 about the importance of solo staking for the future of Ethereum’s security and decentralization. Buterin discussed the risks posed by centralized entities and the role solo stakers play in protecting the network from attacks to ensure its long-term resilience and sustainability. Solo stakers…

Bybit, the world’s second-largest crypto exchange by derivatives volume, has secured a provisional license in Dubai two years after setting up its headquarters in the city. The centralized crypto exchange (CEX) has received a non-operational license from the Virtual Asset Regulatory Authority (VARA), according to an announcement shared with Cointelegraph. According to Helen Liu, Bybit’s Chief Operating…