Bitcoin
Twenty One Capital leadership change sinks XXI 14% as Tether merger unravels
The Cryptonomist·July 22, 2026·1 min read
Twenty One Capital CEO Jack Mallers stepped down on July 20, 2026, causing the XXI token to drop 14%. The departure coincided with the collapse of a three-way merger Tether had been engineering for months. Mallers stated his Bitcoin company is Strike, but the leadership change and merger unraveling sent shockwaves through the market, impacting investor confidence in the firm.
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