BitconWhich news attracted attention in the cryptocurrency market, which has gained momentum after ‘s ‘s leaving a critical level behind?

Shocking claim from Binance CEO!

Binance’s CEO spoke about the detention of his staff in Nigeria and suggested that authorities were trying to force the exchange to reach a secret deal. The US securities regulator postponed its decision on Galaxy’s Ethereum ETF offering. Meanwhile, Block, Inc. is planning to raise $1.5 billion through a premium bond offering.

New details have emerged suggesting that Nigerian officials tried to force Binance representatives into a secret deal to be paid with the cryptocurrency during meetings in early 2024.

On May 7th, Binance CEO Richard Teng released a detailed statement regarding the ongoing detention of Tigran Gambaryan. Gambaryan is a former United States Internal Revenue Service agent who headed Binance’s financial crime compliance team. According to Teng, Binance employees began negotiations with Nigerian authorities during public investigative hearings at the request of the chairman of the House of Representatives Committee on Financial Crimes (HCFC).

The committee reportedly highlighted issues related to Binance’s operations in Nigeria and outlined the lengths to which they were prepared to call Binance, including issuing an arrest warrant against the exchange’s team and CEO and preventing its delegation from leaving the country.

The CEO of Binance claims that unknown individuals approached employees of the exchange and suggested payment for the resolution of the allegations. Teng said the terms were handed over to Binance’s local counsel by a representative representing the HCFC committee. The exchange, through its local legal representation, denied the demand for payment and continued its participation in settlement negotiations. Binance has made several demands following the incident as it prepares to resume talks with Nigerian authorities.

SEC postpones Galaxy spot ETH ETF decision!

The United States Securities and Exchange Commission has delayed its decision on Galaxy Invesco’s spot Ether offering. The exchange-traded fund (ETF) is giving itself another 60 days to make the call, with the next deadline set for July 5. In a May 6 filing, the regulator said it was “appropriate” to grant itself “more time” to “have sufficient time to consider the proposed rule change and the issues raised therein.

The SEC has delayed a number of Ether ETF filings – but May 23 is the deadline for VanEck’s proposal and “the only deadline that matters,” according to Bloomberg ETF analyst James Seyffart’s March 20 X post. In March, Senior Bloomberg ETF analyst Eric Balchunas downgraded the odds of the SEC approving ETFs to 35% from 50%; he was less convinced the regulator would approve VanEck’s proposal by the deadline.

Bitcoin-friendly Block Inc. plans to raise $1.5 billion!

Jack Dorsey’s Block announced plans to raise billions of dollars from institutional investors.

According to a May 6 announcement, the fintech company plans to issue $1.5 billion in senior notes through a private placement targeting pension funds, banks, mutual funds and high-net-worth investors. Fitch Ratings, the big three credit rating agency, said Block is “well positioned to capitalize on areas of continued growth in payments and consumer financial services.”

Dorsey recently made headlines by claiming that Block plans to add an average dollar cost to Bitcoin each month. “Going forward, we will invest 10% of our gross profits from Bitcoin products each month in Bitcoin purchases,” Dorsey wrote in a shareholder letter.