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…